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Jeremy Hunt set to cut national insurance by two percentage points at budget

March 5, 2024

Via: Sky News

This cut follows a similar reduction in the levy announced in last year’s autumn statement, and comes as the Conservative government looks to set the fiscal stage for the election set to take place in the next 12 months. Cutting […]


Finance Tech, Liquidity

USD/JPY Starts Week Strong; Tokyo Inflation, ISM Services, Powell & NFP in Focus

March 4, 2024

Via: DailyFX

USD/JPY climbed upwards on Monday, rising about 0.2% to 150.36, supported by increasing U.S. Treasury yields, with the U.S. 10-year bond back above 4.20% in late morning trading in New York. This week, markets are laser-focused on a series of […]


Finance Tech, Liquidity

Gold Price Forecast: Bullish Breakout Continuation Hinges on US Jobs Data

March 2, 2024

Via: DailyFX

Gold prices (XAU/USD) staged a remarkable rally this past week, breaking past key technical thresholds to reach their highest point since December 2023. By Friday’s close, the precious metal had notched a substantial weekly gain of 2.33%, settling near $2,082. […]


Finance Tech, Liquidity

Euro (EUR) Price Latest – EU Core Inflation Remains Sticky, EUR/USD Testing 1.0800 Again

March 1, 2024

Via: DailyFX

Euro Area core inflation fell for the 7th straight month, data from Eurostat showed earlier, but missed expectations of a larger fall. EU core inflation is now at the lowest level in two years. Today’s release did little to shift […]


News

NYCB shares tumble 26% after ‘material weakness’ disclosure rattles investors

March 1, 2024

Via: Investing.com

New York Community Bancorp (NASDAQ:CTBI) shares plunged nearly 26% on Friday after it replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and said it found “material weaknesses” in internal controls related […]


News

Shares of NYCB fall more than 20% after bank discloses ‘internal controls’ issue, CEO change

February 29, 2024

Via: CNBC

Shares of New York Community Bancorp fell more than 26% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls. The regional bank announced after market close on Thursday that Alessandro DiNello, its […]


Finance Tech, Liquidity

Gold Prices Rise As PCE Data Show Inflation Decelerating As Hoped

February 29, 2024

Via: DailyFX

Gold Prices rose on Thursday following the release of a mixed bag of important economic numbers out of the United States. Perhaps the most important of these was the inflation snapshot in the Personal Consumption Expenditures series. This is known […]


Finance Tech, Trading

Online trading platform Webull is set to go public via a $7.3 billion SPAC deal

February 28, 2024

Via: CNBC

Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the […]


Finance Tech, Liquidity, Trading

Oil prices ease, US crude stock build fuels demand fears

February 28, 2024

Via: Investing.com

Oil prices eased early on Thursday after a larger-than-expected build in U.S. crude stockpiles stoked worries about slow demand, while signs that U.S. interest rates could remain elevated for longer also added to pressure. Brent crude futures fell 22 cents, […]


Editorial

The Magnificent 7 Stocks Amidst Global Economic Shift

February 27, 2024

Via: Mary Gamet

Today, more than ever, investors need a robust strategy to navigate the ever-changing stock market. We’ve been witnesses of the tech giants, including Meta Platforms and Amazon, soaring since their inception. However, the recent varying stock returns on critical players […]


Finance Tech, Trading

Oil eases as Fed caution, stock build outweigh OPEC+ news

February 27, 2024

Via: Investing.com

Oil prices pulled back in Asia on Wednesday as the prospect of a delay in the U.S. rate-cutting cycle and a rise in U.S. crude stocks offset a boost on Tuesday from news OPEC+ might extend its output cuts. Brent […]


Finance Tech, Trading

Three fund ideas for your stocks and shares ISA

February 26, 2024

Via: MoneyWeek

As we get into ISA season, you may be looking at ways to make use of your allowance before the cut-off on 5 April 2024. ISAs are a great way to keep your savings shielded from the taxman, especially as […]


News

Boeing Efforts to Improve Safety Fall Short, FAA Panel Says

February 26, 2024

Via: The Wall Street Journal

Boeing’s push to improve its safety culture after two 737 MAX crashes is falling short, according to a panel tasked with reviewing the plane maker’s practices following the accidents. The independent panel established by the Federal Aviation Administration found a […]


Finance Tech, Trading

Ethereum Spot ETF – The Next Cab Off the Rank?

February 26, 2024

Via: DailyFX

A spot Ethereum ETF is the latest talk of the market, and the anticipation is building on whether – if approved – it could replicate the success of its Bitcoin counterparts. An Ethereum ETF would allow investors to invest in […]


Finance Tech, Liquidity

Euro (EUR) Price Latest – EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support

February 23, 2024

Via: DailyFX

German GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]


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 […]


News

HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%

February 22, 2024

Via: CNBC

HSBC’s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in a Chinese bank, sinking its London-listed shares as much as 7%. Europe’s largest bank by assets saw its pre-tax profit […]


News

Chord Energy, Enerplus to Combine in $11 Billion Deal

February 21, 2024

Via: The Wall Street Journal

Oil and gas producers Chord Energy CHRD -3.04% and Enerplus plan to combine in an $11 billion deal. The companies said Wednesday that the deal would be 90% in stock and 10% in cash. Chord shareholders would control about two-thirds […]


Finance Tech, Liquidity

Japanese Yen Latest – Exports Hit Record Levels, USD/JPY Testing 150 Again

February 21, 2024

Via: DailyFX

A weak Yen helped Japanese exports boom in January with the latest trade data showing overseas sales soaring to a record high. Exports increased by 11.9% to 7.33 trillion Yen, while imports fell by 9.6%. Today’s data revealed that the […]


Finance Tech, Mobile Banking & Payments

Mastercard to be dinged by Discover deal

February 21, 2024

Via: Payments Dive

Mastercard is likely to suffer the biggest competitive blow in the card network industry if Capital One absorbs Discover Financial Services, shifting debit and credit payment flows to its newly acquired network. The deal is still subject to regulatory approvals […]