Finance/Venture

Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding

Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.


Big European Banks to Report Q2 Earnings This Week

The largest banks in Europe, such as Santander, BNP Paribas, and Deutsche Bank, are set to report their earnings for the second quarter of 2024 this week following the announcement from the European C..

Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race

Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November...

HSBC Promotes CFO Georges Elhedery to CEO

HSBC announced that Georges Elhedery, its chief financial officer, will become the firm’s next CEO effective Sept. 2...


Latest News

Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.
Trump Media CEO Calls for GOP Investigation Into Potential Short Selling by Eight Financial Firms
Nunes demands a GOP-led probe into short-selling by eight firms affecting DJT stock. DJT shares fluctuate; short sellers face steep costs, deterring professional managers.
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
Donald Trump Secures Another $1.6 Billion Worth of Shares in Trump Media
Former President Donald Trump has received another $1.6 billion worth of shares in Trump Media & Technology Group.
BlackRock Joins Saudi PIF for $5B Investment in Riyadh's BRIM Platform
BlackRock and Saudi Arabia's PIF launched BRIM, a $5 billion investment platform in Riyadh. The platform aims to boost foreign investment, support local markets, and foster economic transformation.
Nationwide's Move to Stop Lending on UK Flood-Risk Properties Might Encourage Banks to Do the Same!
Nationwide and two more significant lenders in the U.K. decided to increase their rates on new fixed deal mortgages.
Will Binance Founder Serve Prison Time? Here's What Experts Say About Changpeng Zhao's Money Laundering Case
Binance founder Changpeng Zhao will soon be sentenced. Will the billionaire serve prison time?
Philippines Ramps Up 2024 Borrowing to P2.57 Trillion Amid Fiscal Concerns
Philippines ramps up borrowing to P2.57 trillion, a 4% increase, addressing fiscal needs amid economic challenges. Economists raise concerns about implications on deficit, debt, and interest rates.
Capitalizing on Growth: Investment Opportunities in Tech-Focused Special Economic Zones
This article will delve into the promising landscape of tech-focused SEZs, highlighting key zones, upcoming developments, and investment strategies to seize the potential of this burgeoning trend.
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