Tag: industry

November 27, 2023

The GBP and Cable in particular has had a mixed start to the week, fluctuating between gains and losses. Markets in general were a bit slow today ahead of what is a relatively busy week on the data front. The […]

November 27, 2023

As convenience stores increasingly compete with restaurants and grocers, the industry is seeing a stronger need to “step up their game in setting themselves apart from their competitors,” according to Incisiv’s report. Part of that is a matter of aesthetics, […]

November 21, 2023

Mastercard’s entrance into China’s domestic market will further reveal whether that gigantic consumer market is a huge win for U.S.-based card companies, or an ultimate loss. Mastercard said Monday that its Mastercard NUCC Information Technology joint venture with a Chinese […]

November 16, 2023

Delayed and current EIA data for the week ending the 3rd and 10th of November revealed massive increases in crude storage, weighing heavily on the price. Deteriorating economic data has illuminated the path for lower oil prices but the recent […]

November 15, 2023

US retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]

November 13, 2023

Most Asian stocks rose slightly on Tuesday, recovering a measure of recent losses as investors hunkered down before key U.S. inflation data, while Chinese markets lagged following weak lending activity data. Asian markets were nursing steep losses from the prior […]

November 13, 2023

The European Union has taken another step toward creating a digital wallet linked to a user’s identity, according to a press release last Wednesday. The European Parliament and the Council of the EU reached a final agreement on a regulation […]

November 8, 2023

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]

November 8, 2023

Today, at the Finopolis forum, German Gref, CEO of Sberbank, Russia’s leading financial institution, projected a significant slowdown in the mortgage market. Despite this forecast, the anticipated increase in Sberbank’s mortgage lending for 2023 is set to reach an impressive […]

November 3, 2023

Amazon , Google and Microsoft have spent the past year investing billions of dollars in artificial-intelligence startups—while also charging those fledgling companies a similar amount to use their cloud platforms. The deals are making the big tech firms the largest […]

November 2, 2023

The FOMC statement and presser resulted in a reduced expectation that the Fed will hike rates in December – the final meeting for the year. Jerome Powell attempted to keep the door open for another rate hike after expressing that […]

November 1, 2023

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s rate-setting […]

October 31, 2023

The Rail Delivery Group (RDG) announced over the summer that it intended to shut almost all of the nation’s 1,007 train station outlets in an effort to reduce costs after a post-COVID fall in passenger numbers. Ministers had previously backed […]

October 23, 2023

Momentum in the most recent rebound in crude oil isn’t looking strong enough to ensure a sustainable rally just yet. The implication is that the downward correction that started toward the end of September could still be in play. Oil […]

October 18, 2023

Netflix — Shares of the streaming giant soared 12% after beating Wall Street’s expectations for profits in the third quarter. Netflix notched $3.73 per share on $8.54 billion in revenue while analysts polled by LSEG, formerly known as Refinitiv, forecast […]

October 17, 2023

The airline stock slumped more than 4% in extended trading after warning that heightened fuel costs and a halt in Tel Aviv flights amid the Israel-Hamas war would hit current-quarter profits. United Airlines said it expects adjusted earnings to range […]

October 6, 2023

After the red-hot September jobs report, markets are pricing in higher odds for the Federal Reserve to hike interest rates at the November meeting. The Labor Department reported Friday that the economy added 336,000 new jobs, above consensus estimates for […]

October 6, 2023

Adobe’s research builds upon previous reports indicating that consumers might lean on buy now, pay later services to stretch their holiday budgets. Adobe predicts that shoppers will spend $782 million via BNPL on Cyber Monday, exceeding the $658 million spent […]

October 5, 2023

Small-business owners are increasingly relying on digital financial tools to help them manage spend, process payments, track payroll expenses, and handle other administrative tasks, according to the Financial Technology Association. That’s why the trade group, which represents 26 fintechs, says […]

October 5, 2023

Expect lower prices at the pump in the coming months, as Saudi Arabia’s production cuts sent crude prices too high, energy expert Paul Sankey told CNBC on Thursday. Global oil markets are significantly dependent on US gasoline consumption, which has […]