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Tag: Finance


Energy, Industries

More states expected to roll out Inflation Reduction Act energy-efficiency rebates this summer

June 20, 2024

Via: CNBC

New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to follow suit by summer’s end. The rebate programs are part of the federal Inflation Reduction Act, the […]


News

Inflation fall is welcome – but financial situation households are in compared to five years ago is stark

June 19, 2024

Via: Sky News

It has been a long road down from the peak of 11.1% in October 2022 and a great deal of hardship has been felt along the way. The return to earth poses questions for the Bank of England, the government, […]


News

Supermarkets target football fans as grocery inflation eases further

June 18, 2024

Via: Sky News

Kantar Worldpanel – which tracks supermarket till prices, sales and market share – said its measure of grocery inflation slowed to 2.1% in the four weeks to 9 June from 2.4% the previous month. That left the figure at its […]


News

Singapore’s economy: what can we learn from its successes?

June 14, 2024

Via: MoneyWeek

While Britain may be about to get its sixth prime minister since 2016, Lawrence Wong, a 51-year-old US-trained economist, was last month sworn in as Singapore’s fourth prime minister since 1965, when the city-state separated from Malaysia and became independent. […]


News

Mastercard shepherds seven startups

June 10, 2024

Via: Payments Dive

The companies chosen as this year’s Start Path participants span the marketing, fashion, healthcare and cybersecurity industries. Of the seven firms picked for the program, two are based in the U.S.: Bicycle, a data analytics company, and HyprEdge, a cybersecurity […]


News

Pot payments players crave federal reforms

June 5, 2024

Via: Payments Dive

Cannabis companies in Colorado don’t have traditional bank accounts and can’t accept credit cards from customers. The also can’t use credit cards to pay their bills. That’s because marijuana, while legal for recreational and medicinal use in Colorado and a […]


Finance Tech, Liquidity

Gold Price Forecast: Bearish Continuation in Play with Key Support Under Threat

May 31, 2024

Via: DailyFX

Gold (XAU/USD) has enjoyed a remarkable rally this year, peaking near $2,450 in early May. However, the upward impetus has recently started to wane, with bullion retreating over 4% from its highs in the past few trading sessions. This price […]


Finance Tech, Liquidity

US Dollar Technical Outlook: EUR/USD, GBP/USD, NZD/USD Price Setups

May 23, 2024

Via: DailyFX

Earlier this week the ECB President Christine Lagarde mentioned that she is “really confident” that euro zone inflation is under control. The sentiment presented is in stark contrast to that revealed in the Fed minutes last night where the overall […]


Finance Tech, Liquidity

Euro Price Outlook: Euro Heads Lower as ECB June Meeting Nears

May 22, 2024

Via: DailyFX

The European Central Bank (ECB) President Christine Lagarde communicated yesterday that she is “really confident” that euro zone inflation is under control. Lagarde’s words convey certainty and confidence – something that the Fed and Bank of England (BoE) appear to […]


News

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 […]


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, 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 […]


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, […]


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 […]


Finance Tech, Trading

China Vanke Shares Slump After Soft Results

April 30, 2024

Via: The Wall Street Journal

China Vanke 000002 -1.98% shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector. Shares were 9.5% lower at 4.48 Hong Kong dollars (US$0.57) in Tuesday afternoon trading, taking this year’s loss to 38%. Shares […]


Finance Tech, Liquidity

Gold Price Under Technical Pressure, All Eyes on Fed Rate Decision and NFPs

April 29, 2024

Via: DailyFX

Market’s have opened the session on a mildly positive note, ahead of a week packed full of high-profile data and equity releases, along with the latest Federal Reserve policy decision. Data releases this week include US ISM readings and the […]


News

Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

April 26, 2024

Via: NBC News

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 […]


Capital, Finance Tech

Lloyds profits plunge by 28%

April 24, 2024

Via: Sky News

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. […]