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Category: Industries


Financial Services, Industries

CFPB warns of ‘dangers’ on standards for open banking

March 15, 2024

Via: Payments Dive

As financial services companies prepare for the advent of open banking in the U.S., thanks to a pending Consumer Financial Protection Bureau rule proposal, the agency’s director, Rohit Chopra, warned of “dangers” in setting standards for the new realm. In […]


Industries, Retail & Wholesale

Wholesale inflation rose 0.6% in February, much more than expected

March 14, 2024

Via: NBC News

Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, […]


Energy, Industries

The AI industry is pushing a nuclear power revival — partly to fuel itself

March 7, 2024

Via: NBC News

Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. Now they have another incentive to promote it: artificial intelligence. While generative AI has […]


Enterprise, Industries

Abercrombie tops expectations for Q4 earnings and revenue, shares down

March 6, 2024

Via: Investing.com

Abercrombie & Fitch (ANF) reported better-than-expected earnings and revenue for the fiscal fourth quarter, with comparable sales and gross margin also topping expectations. ANF shares fell around 3% at the market open. The company announced its Q4 earnings per share […]


Industries, Others

China sets ambitious growth target of around 5% and announces increases in military spending

March 5, 2024

Via: Sky News

Chinese Premier Li Qiang made the announcement at the opening of the country’s annual meeting of the National People’s Congress on Tuesday, in a speech that prioritised both security and the economy. Mr Li said the government would issue 1 […]


Financial Services, Industries

PayPal finance exec jumps to Flywire CFO seat

February 23, 2024

Via: Payments Dive

Pitigoi’s exit from San Jose, California-based payments giant PayPal comes on the heels of another senior finance exec’s departure. Earlier this month Gabrielle Rabinovitch left the company to take the top financial seat for merchant payments provider Worldpay after serving […]


Industries, Manufacturing

Asian chipmaking stocks on edge before Nvidia Q4 earnings test

February 20, 2024

Via: Investing.com

Most 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

MBNA unveils first ever savings product offering 5% return on cash – is it any good?

February 16, 2024

Via: MoneyWeek

Lloyds 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, […]


Energy, Industries

Earnings call: Eversource Energy divests offshore wind interests

February 14, 2024

Via: Investing.com

Eversource 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

Western Union, Euronet lean into digital growth

February 9, 2024

Via: Payments Dive

Cross-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 […]


Energy, Industries

World’s largest offshore wind developer cuts back production targets as costs mount

February 7, 2024

Via: Sky News

Orsted, 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

Shop price rises slow to 18-month low

January 30, 2024

Via: MoneyWeek

Shop 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. […]


Industries, Others

Boeing’s MAX production issues ripple across aerospace industry

January 25, 2024

Via: Investing.com

Boeing’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

Strong US retail sales underscore economy’s momentum heading into 2024

January 17, 2024

Via: Investing.com

U.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

Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge

January 12, 2024

Via: CNBC

Bank 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, […]


Industries, Others

The 10 areas bucking the house price slump

December 28, 2023

Via: MoneyWeek

Average 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

UK and Switzerland to sign post-Brexit financial services deal

December 21, 2023

Via: CNBC

The 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 […]


Energy, Industries

Oil prices gain around 1% as Red Sea tension persists

December 21, 2023

Via: Investing.com

Oil 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. […]


Industries, Others

GPT and other AI models can’t analyze an SEC filing, researchers find

December 19, 2023

Via: CNBC

Large 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

Breaking down payments challenges: Fintechs vs traditional finance

December 4, 2023

Via: Payments Dive

In 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 […]