February 20, 2024
Via: Investing.comMost major Asian chipmaking stocks moved in a flat-to-low range on Wednesday, tracking overnight declines in NVIDIA Corporation (NASDAQ:NVDA) as markets awaited more cues on an AI-driven boom from the chipmaker’s fourth-quarter earnings. Nvidia wiped out about $100 billion in […]
Financial Services, Industries
February 16, 2024
Via: MoneyWeekLloyds Bank owned MBNA has stepped foot in the savings space for the first time today (16 February) with the launch of a one-year fixed-term account. MBNA, traditionally known for its credit card offering was acquired by Lloyds in 2016, […]
February 14, 2024
Via: Investing.comEversource Energy (ES) has announced its exit from the offshore wind business, selling its 50% stake in two projects for $1.1 billion amid industry challenges. Despite a reported loss of $1.26 per share in 2023, mainly due to a $5.58 […]
Financial Services, Industries
February 9, 2024
Via: Payments DiveCross-border payments player Western Union and rival Euronet Worldwide are both increasingly counting on their faster-growing digital services to fuel the expansion of their businesses. The money transfer companies earn revenue from providing services that let consumers send money domestically […]
February 7, 2024
Via: Sky NewsOrsted, the company developing the Norfolk coast windfarm, Hornsea 3, also suspended shareholder payments in an effort to strengthen its balance sheet. In common with the industry more broadly, Orsted has been hit by high inflation, raised interest rates, project […]
Industries, Retail & Wholesale
January 30, 2024
Via: MoneyWeekShop prices rose at their slowest rate in more than 18 months in January, according to the British Retail Consortium (BRC). Discounts and lower prices for milk and tea saw shop price inflation fall to 2.9%, from 4.3% in December. […]
January 25, 2024
Via: Investing.comBoeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals as U.S. regulators froze production of the best-selling jets. The FAA ramped up scrutiny of Boeing (NYSE:BA) after a frightening […]
Industries, Retail & Wholesale
January 17, 2024
Via: Investing.comU.S. retail sales rose more than expected in December, boosted by an increase in motor vehicle and online purchases, keeping the economy on solid ground heading into the new year. The upbeat report from the Commerce Department on Wednesday, which […]
Financial Services, Industries
January 12, 2024
Via: CNBCBank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, […]
December 28, 2023
Via: MoneyWeekAverage house prices have been falling for much of the year but some areas are bucking the trend. High mortgage rates have pushed property demand down this year and house prices indices from Halifax, Nationwide and the Office for National […]
Financial Services, Industries, News
December 21, 2023
Via: CNBCThe U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy Hunt is meeting with his Swiss counterpart, Karin Keller-Sutter, in Bern to […]
December 21, 2023
Via: Investing.comOil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola’s decision to leave OPEC raised questions over the group’s effectiveness in supporting prices. […]
December 19, 2023
Via: CNBCLarge language models, similar to the one at the heart of ChatGPT, frequently fail to answer questions derived from Securities and Exchange Commission filings, researchers from a startup called Patronus AI found. Even the best-performing artificial intelligence model configuration they […]
Financial Services, Industries
December 4, 2023
Via: Payments DiveIn September, Modern Treasury released their 3rd annual State of Payment Operations report, where they surveyed over 500 financial decision-makers for insights into payment operations at their companies. The decision-makers came from all kinds of industries, from marketplaces, to real […]
Industries, Retail & Wholesale
November 27, 2023
Via: Payments DiveAs convenience stores increasingly compete with restaurants and grocers, the industry is seeing a stronger need to “step up their game in setting themselves apart from their competitors,” according to Incisiv’s report. Part of that is a matter of aesthetics, […]
November 21, 2023
Via: Education DiveNearly 128 million U.S. workers — about 70% of the entire US workforce — could stand to benefit from apprenticeships and on-the-job learning opportunities, opening up a key cohort of trained workers for employers, according to a Nov. 13 report […]
Industries, Retail & Wholesale
November 15, 2023
Via: DailyFXUS retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]
Financial Services, Industries
November 13, 2023
Via: Payments DiveThe European Union has taken another step toward creating a digital wallet linked to a user’s identity, according to a press release last Wednesday. The European Parliament and the Council of the EU reached a final agreement on a regulation […]
November 8, 2023
Via: DailyFXThe American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]
Financial Services, Industries
November 1, 2023
Via: Payments DiveThe Federal Trade Commission will require non-banking financial institutions to report data breaches and other events related to cybersecurity, the agency announced Friday. The amendment to the FTC’s Safeguards Rule would require non-banking financial institutions like mortgage brokers, motor vehicle […]