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CFPB says buy now, pay later firms must comply with U.S. credit card laws

May 22, 2024

Via: CNBC

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry must abide by the same federal protections as users of credit cards. The agency unveiled what it called an “interpretive rule” that […]


Editorial

Declining Customer Service in the UK Financial Sector Leads to Record Number of Ombudsman Complaints

May 22, 2024

Via: Camila Mendes

The UK financial services sector is under enormous scrutiny. The Financial Ombudsman Service (FOS) reported a rise in complaints in the industry, indicating that customers are struggling to get adequate services and resolutions to issues from multiple service providers across […]


Industries, Others

Grocery inflation at lowest level since October 2021, industry data suggests

May 21, 2024

Via: Sky News

Kantar Worldpanel – which tracks supermarket till prices, sales and market share – said its measure of grocery inflation slowed to 2.4% in the four weeks to 12 May from 3.2% the previous month. The measure showed there is still […]


Finance Tech, Liquidity

Aussie, Kiwi Dollar Outlook: AUD, NZD Price Setups Ahead of the RBNZ

May 20, 2024

Via: DailyFX

Gold achieved another new milestone, trading above the prior all-time high of $2431, but immediately withdrew back beneath the prior high as Fed speakers warned that rate cuts are still some way down the road from here. Atlanta Fed President […]


Enterprise, Industries

Nvidia’s Q1 Earnings: Record Results Driven by AI Chip Dominance?

May 20, 2024

Via: DailyFX

NVIDIA is set to release its Q1 FY25 financial results on May 22, 2024, with expectations of delivering another record revenue and margin. In the previous earnings season, Nvidia stocks surged by nearly 10% on the earnings date. Will the […]


Finance Tech, Trading

France stocks lower at close of trade; CAC 40 down 0.26%

May 17, 2024

Via: Investing.com

France stocks were lower after the close on Friday, as losses in the Oil & Gas, Healthcare and Basic Materials sectors led shares lower. At the close in Paris, the CAC 40 lost 0.26%, while the SBF 120 index fell […]


Finance Tech, Trading

Dow Jones Industrial Average hits 40,000 amid renewed hopes for U.S. economy

May 16, 2024

Via: NBC News

The Dow Jones Industrial Average stock index hit 40,000 for the first time Thursday amid renewed investor hopes for a “soft landing” for the U.S. economy following a favorable inflation report. The index, which is comprised of the stocks of […]


Industries, Retail & Wholesale

Rent up, groceries down: Inflation cooled slightly in April but consumers still face a mixed bag

May 15, 2024

Via: NBC News

The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis in April as price growth in the economy remained elevated. Compared with March, prices climbed 0.3%, with rent […]


Energy, Industries

US Crude Oil Hands Back Early Gains As Demand Doubts Resume Control

May 15, 2024

Via: DailyFX

US Crude oil prices failed to hold on to early gains in Europe on Wednesday but the market’s recent range held firm. Energy markets had found support into the open thanks to data released in the previous session showing a […]


Finance Tech, Liquidity

British Pound Sticks To Range Before UK Labor Stats, Powell and US Inflation

May 13, 2024

Via: DailyFX

The British Pound made gains against the United States Dollar on Monday, but the currency remains within an established trading band before the week’s major scheduled trading events, most of which will come from the US. The Bank of England’s […]


Finance Tech, Mobile Banking & Payments

How U.S. Bank Card as a Service (CaaS) can solve B2B payment bottlenecks

May 13, 2024

Via: Payments Dive

In today’s challenging economy, inefficient payments are more than an inconvenience. They can delay reimbursements, create cash flow management challenges and contribute to frustrating employee and customer experiences. But unfortunately, payment bottlenecks are all too common. For example, 45% of […]


Finance Tech, Liquidity

EUR/USD, USD/JPY, GBP/USD – Technical Analysis and Price Outlook

May 10, 2024

Via: DailyFX

EUR/USD pushed higher on Thursday after bouncing off technical support at 1.0725, with prices challenging a key ceiling near 1.0790, where the 50-day and 200-day simple moving averages intersect. If this barrier fails to contain buyers, the next stop is […]


Finance Tech, Liquidity

Gold Price, USD/JPY, EUR/USD – Technical Analysis and Trade Setups

May 9, 2024

Via: DailyFX

Gold (XAU/USD) fell on Wednesday, marking the second consecutive session of losses and nearly erasing Monday’s entire rally. Despite short-term ups and downs, the precious metal has been locked in a sideways movement for the past two weeks. This period […]


Financial Services, Industries

British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions

May 8, 2024

Via: CNBC

British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 million. The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top […]


Enterprise, Industries

Energy fuels director buys $10k in company shares

May 7, 2024

Via: Investing.com

Energy Fuels (TSX:EFR) Inc. (NYSEAMERICAN:UUUU), a leading miner in the nonmetallic minerals sector, reported a recent purchase of company shares by one of its directors, Ivy Estabrooke. The transaction, which took place on May 7, 2024, involved the acquisition of […]


Finance Tech, Mobile Banking & Payments

BNPL users tend to have lower incomes: Bank of America

May 6, 2024

Via: Payments Dive

Bank of America’s latest report signals that the growth of buy now, pay later services is continuing to slow down. The bank’s analysis of its internal data found that the proportion of Bank of America customers having made a BNPL […]


Finance Tech, Liquidity

US Dollar Forecast: Bears Mobilizing for Their Next Offensive? – EUR/USD, GBP/USD

May 6, 2024

Via: DailyFX

The U.S. dollar, as measured by the DXY index, was a tad softer on Monday in a context of mixed U.S. Treasury yields and thinner liquidity in the FX space, with UK markets closed for a bank holiday. Despite this, […]


Enterprise, Industries

Earnings call: Apple reports solid growth with services hitting record revenue

May 3, 2024

Via: Investing.com

In the latest earnings call, Apple Inc. (NASDAQ:AAPL) announced a significant increase in revenue and earnings per share (EPS) for the second quarter of the fiscal year 2024, with services reaching an all-time high. The company reported $90.8 billion in […]


Energy, Industries

Shell Launches $3.5 Billion Buyback

May 2, 2024

Via: The Wall Street Journal

Shell’s SHEL 2.13%increase; green up pointing triangle first-quarter adjusted earnings fell by less than expected, buoyed by a strong performance by its integrated gas division and kicked off a $3.5 billion share buyback program to close the valuation gap between […]


Finance Tech, Liquidity

Japanese Yen Ticks Lower Again as Market Looks Past Intervention Jitters to Fed

May 1, 2024

Via: DailyFX

The Japanese Yen was lower again against the United States Dollar on Wednesday after what’s already been a wild ride for the currency this week. If, as looks increasingly likely, Japan’s Ministry of Finance intervened in the foreign exchange market […]