March 13, 2024
Via: Sky NewsThe 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 1, 2024
Via: DailyFXEuro Area core inflation fell for the 7th straight month, data from Eurostat showed earlier, but missed expectations of a larger fall. EU core inflation is now at the lowest level in two years. Today’s release did little to shift […]
March 1, 2024
Via: Investing.comNew 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 […]
February 29, 2024
Via: CNBCShares 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 […]
February 29, 2024
Via: DailyFXGold Prices rose on Thursday following the release of a mixed bag of important economic numbers out of the United States. Perhaps the most important of these was the inflation snapshot in the Personal Consumption Expenditures series. This is known […]
February 28, 2024
Via: CNBCWebull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the […]
February 26, 2024
Via: MoneyWeekAs 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 […]
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 26, 2024
Via: DailyFXA 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 […]
February 23, 2024
Via: DailyFXGerman GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]
Financial Services, Industries
February 23, 2024
Via: Payments DivePitigoi’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 […]
February 22, 2024
Via: CNBCHSBC’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 […]
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.comAsian 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 […]
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 19, 2024
Via: Investing.comU.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 […]
February 19, 2024
Via: DailyFXThe Euro lost a little ground against the United States Dollar on Monday but, as the latter’s home market is going to be largely shut down for the Presidents’ Day break, the real trading action will probably come later 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 […]
Finance Tech, Mobile Banking & Payments
February 15, 2024
Via: Payments DiveGlobal 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 […]