Finance Tech, Liquidity, Trading
February 28, 2024
Via: Investing.comOil 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, […]
February 27, 2024
Via: Investing.comOil 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 […]
February 26, 2024
Via: The Wall Street JournalBoeing’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 […]
February 21, 2024
Via: The Wall Street JournalOil 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, Mobile Banking & Payments
February 21, 2024
Via: Payments DiveMastercard 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 […]
February 20, 2024
Via: Investing.comMost 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 […]
February 15, 2024
Via: The Wall Street JournalChinese 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 […]
February 13, 2024
Via: Investing.comOil 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 […]
February 12, 2024
Via: Investing.comOil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus. Prices […]
February 7, 2024
Via: Sky NewsOrsted, the company developing the Norfolk coast windfarm, Hornsea 3, also suspended shareholder payments in an effort to strengthen its balance sheet. In common with the industry more broadly, Orsted has been hit by high inflation, raised interest rates, project […]
February 2, 2024
Via: DailyFXThe latest US NFP release showed the US jobs market in rude health with 353k new jobs created in January compared to forecasts of 180k. Last month’s headline figure was also revised higher to 333k from 216k. The closely watched […]
February 1, 2024
Via: Payments DiveMastercard is preparing for a speedy rollout of services in the “massive economy” of China, Mastercard’s CEO said on a call with analysts Wednesday. Mastercard, the second-largest U.S. card network, is on track to launch services in China in the […]
February 1, 2024
Via: DailyFXThe Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]
January 31, 2024
Via: Investing.comRegional U.S. bank stocks sank on Wednesday, dragged by a 38% plunge in the shares of New York Community Bancorp (NYSE:NYCB) after it cut its dividend and posted a surprise loss, renewing fears over the health of similar lenders. The […]
January 31, 2024
Via: DailyFXThe tech giant saw a staggering 194% jump in its stock price in 2023, a testament to the company’s robust performance in key areas such as user growth, engagement, and monetization—all achieved with a leaner operation. The surge in Meta’s […]
January 30, 2024
Via: DailyFXBrent crude oil was making a marvelous recovery since it consolidated in the early days of 2024 but such upward momentum has not only stalled, but cut back somewhat. After breaching the $83.50 mark, UK oil trade softened, closing around […]
January 29, 2024
Via: CNBCWorkers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index in January fell to its lowest level since 2016, when the career site began tracking the metric, it said Monday. […]
January 25, 2024
Via: Investing.comBoeing’s troubles with its 737 MAX jets are upending the aerospace industry’s 2024 plans, changing airlines’ fleet and expansion goals as U.S. regulators froze production of the best-selling jets. The FAA ramped up scrutiny of Boeing (NYSE:BA) after a frightening […]
January 24, 2024
Via: Investing.comMicrosoft (NASDAQ:MSFT)’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind Apple. Microsoft and Apple shares (NASDAQ:AAPL) have been vying for the top […]
January 22, 2024
Via: Investing.comIn the world of athletic apparel and footwear, few names carry the weight and recognition of Nike , Inc. (NYSE: NYSE:NKE). With a history of dominating the market through innovation and strategic branding, Nike has become synonymous with sports and […]