NewsThe Rising Shares Of Paypal- $2 Billion Stake
On August 2nd, 2022, it was announced by PayPal Holdings that Elliott Management now has over $2 billion staked in the company, leading to the rise in annual profit guidance. With the company already being a huge success, known for its ability to make paying for things online and receiving money, safe and secure, it […]Zelenskyy Wants Big Banks Prosecuted For War Crimes
Ukraine president Volodymyr Zelenskyy’s economic advisor Oleg Ustenko has said that the Ukrainian government believes that big banks are aiding Russia’s war efforts in Ukraine through financing companies that trade oil in Russia. This includes JPMorgan, HSBC and Citigroup. CNBC Interview He revealed this in an interview with CNBC, where Ustenko was asked if he […]Atlantic Trading Acquired By Sucden Financial
Atlantic Trading London Ltd., a trading house for proprietary market-making derivatives, has been purchased by Sucden Financial, a provider of multi-asset execution, clearing and liquidity. Atlantic Trading was known as providing liquidity and making markets on bond and interest rate options for 19 years, covering all European and some US interest rate markets. Their team […]Have Markets Reached An “Investable Bottom” Or Is There A Way To Go Yet?
With earnings season just around the corner, American financial market TV pundit and analyst, Jim Cramer, has predicted that markets will soon reach an “investable bottom.” The upcoming slew of profit reports from some of the US’s biggest companies could create a sell-off that encourages serious buying. We could be about to witness a major […]Cost Of Living Crisis Cements Bear Market
Markets continued to plunge last week as soaring inflation led to fears that the Fed would raise interest rates. Following a worse-than-expected CPI report, pundits now expect America’s central bank to increase the base rate faster and sooner. In response to the news, the dollar strengthened significantly across major currencies, now buying over 135 yen […]The UK’s Slowing Economy Revealed By Weak Tax Receipts
Rishi Sunak is set to face increased pressure to offer a significantly larger financial package following the figures of April’s public spending deficit. Despite the government and the cabinet’s claims to be extremely concerned about the country’s current cost of living crisis escalation and low-income families struggling to navigate the crisis, the latest figures show […]Indian Shares Made It Three Consecutive Days Of Gains Amid Global Slowdown Concerns
India’s Wednesday session saw shares rise for a third consecutive day at the start of last week. Gains in certain financial and IT stocks were behind the latest rise, but investors continue to be concerned about the threat to global economic growth presented by interest rate hikes. The NSE Nifty 50 index (.NSEI) was up […]Pfizer Shares Due To Soar In The Coming Year
Although life seems to be returning to normal now that Covid-19 regulations have been abolished in the UK, the virus continues to mutate and produce new variants. This means pharmaceutical companies need to keep working on new vaccines and booster shots. As well as beginning to offer the vaccine to children between the age of […]Pound Slides As UK Employment Data Released
The British pound continued its downward trend against the Australian dollar during April after weak UK employment data was released. The GBP AUD exchange rate fell to a low of 1.713 after the data was published. The UK unemployment rate remained unchanged at 4.8% in the three months to February, while wage growth slowed down to […]Should You Be Buying Cineworld Stock Right Now?
Cineworld’s share price is currently worth only a third of what it was a year ago. This can be put down to numerous things but is mainly due to cinemas being closed down in the wake of Covid-19. The Cineworld Group (LSE: CINE) share price continues to struggle to gain momentum despite theatres being open […]Older Posts