Tag: Finance

April 26, 2024

Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated. The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago […]

April 24, 2024

Britain’s biggest mortgage lender, whose subsidiaries include Halifax and Bank of Scotland, said pre-tax profits for the first three months of 2024 were £1.6bn. The figure is down 28% from the £2.3bn it reported during the same period last year. […]

April 22, 2024

Until a few years ago, the topics of bitcoin and cryptocurrency were incredibly niche. They fell firmly into the domain of “tech bro” investors who were willing to accept large swings in the value of their investments, hoping to make […]

April 18, 2024

The US dollar, as measured by the DXY index, retreated from multi-month highs on Wednesday, dragged lower by a pullback in Treasury yields. Despite this retracement, the DXY remains biased to the upside, especially after top Fed officials signaled that […]

April 15, 2024

Shares of Trump Media plunged more than 13% on Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for […]

April 8, 2024

Saudi Arabia stocks were higher after the close on Monday, as gains in the Retail, Telecoms & IT and Energy & Utilities sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share added 0.66%. The best […]

April 5, 2024

OPEC met this week with the organization largely expected to stick to the prior agreement for oil supply in Q2. Numerous officials, who wished to remain unnamed, were cited by Reuters in the lead up to the meeting that took […]

March 29, 2024

The Australian Dollar has endured a miserable couple of years against its big brother from the United States. Weakness has continued into 2024 so far. But there might be some better news ahead for Aussie bulls, even if much of […]

March 25, 2024

Ofgem has launched a review into the future of the energy price cap in a bid to ensure it continues to protect consumers in the net zero age. The energy regulator said the move towards renewable energy sources, use of […]

March 25, 2024

Last week’s rally saw gold post a fresh record high before a sharp sell-off left the precious metal relatively unchanged on the week. Last week the Federal Reserve gave markets a nudge that they are likely to shave 75 basis […]

March 19, 2024

The Bank of Japan is set to wrap up its March monetary policy meeting on Tuesday (Japan time, still Monday in NY). After recent media leaks, the institution led by Governor Kazuo Ueda is widely expected to end negative borrowing […]

March 18, 2024

The Euro edged higher against the United States Dollar as a new trading week began in Europe on Monday, with moves likely to remain extremely limited at least until Wednesday’s monetary policy decision from the Federal Reserve. This is always […]

March 15, 2024

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 […]

March 13, 2024

The measure of everything produced in the UK – a metric called gross domestic product (GDP) – rose 0.2%, the Office for National Statistics (ONS) said. It’s the first official economic growth announcement since a recession was declared last month […]

March 12, 2024

Tuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer price index survey, a key report that is anticipated to provide fresh insights into recent inflation […]

March 11, 2024

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 […]

March 11, 2024

On Monday morning one Bitcoin, the best-known cryptocurrency, could buy $72,219 (£56,303). The price of the digital asset has grown 51% in the last month alone as the so-called ‘halving’ event approaches whereby Bitcoin production will fall from 900 to […]

March 8, 2024

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 […]

March 6, 2024

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 […]

March 5, 2024

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 […]