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Tag: business


News

How to choose between a cash and stocks and shares ISA as the end of the tax year approaches

March 11, 2024

Via: MoneyWeek

There are just a few weeks left to make use of you ISA allowance and many will be questioning if they are better off putting their money into a cash or stocks and shares tax wrapper. The rates on cash […]


Finance Tech, Trading

U.S. stocks inch mostly higher after crucial monthly jobs report

March 8, 2024

Via: Investing.com

U.S. stocks inched broadly higher on Friday after a widely-anticipated labor market report showed that the American economy added more jobs than expected last month, although January’s blockbuster number was revised sharply lower. By 09:40 ET (14:40 GMT), the S&P […]


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, 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 […]


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 […]


News

Asian shares ease as early rate cut bets fizzle, focus on Fed minutes

February 20, 2024

Via: Investing.com

Asian stocks eased on Wednesday as diminishing expectations of early interest rate cuts from the Federal Reserve sapped risk appetite, with investors looking to the minutes of the U.S. central bank’s last meeting for clues on the policy outlook. MSCI’s […]


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 […]


News

US investor in talks with Superdry co-founder about a bid for the chain, Sky News reports

February 19, 2024

Via: Investing.com

U.S. asset manager Davidson Kempner, owner of Britain’s Oak Furnitureland, is in discussions with British fashion retailer Superdry co-founder Julian Dunkerton about backing an offer for the clothing company, Sky News reported on Monday, without citing a source. The talks […]


Finance Tech, Trading

Gold (XAU/USD) Nudges Higher in Early Trade, Resistance Levels Near

February 19, 2024

Via: DailyFX

US equity and bond markets are closed for the day – US Presidents’ Day holiday – and this will weigh on market activity across a range of asset classes. Activity over the rest of the week should pick up with […]


News

Chinese EV Maker BYD Exploring Mexico Factory as Entry to U.S. Market

February 15, 2024

Via: The Wall Street Journal

Chinese automaker BYD has set its sights on Mexico as its quest for global expansion turns toward North America. The Shenzhen-based car company, whose rapid growth has made it one of the world’s largest electric-vehicle sellers, is scouting locations in […]


Finance Tech, Mobile Banking & Payments

Global Payments may pare operations

February 15, 2024

Via: Payments Dive

Global Payments has attracted headlines this week over potential acquisitions it might make, but in an earnings call with analysts CEO Cameron Bready was more ready to talk about parts of the company that might be pared. In addressing “potential […]


News

Deflation: Here’s where prices fell in January 2024, in one chart

February 14, 2024

Via: CNBC

Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers are seeing the prices decline instead of rise. Deflation has largely occurred among physical goods rather than services, economists said. […]


Finance Tech, Liquidity

Oil prices fall on sticky inflation, bigger-than-expected US crude stock build

February 13, 2024

Via: Investing.com

Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures […]