Boeing and Alaska Airline flight mistake causes share price to drop LeapRate

January 10, 2024 BY Elizabeth Anderson

Boeing and Alaska Airline flight mistake causes share price to drop

This acknowledgment comes amid a significant drop in Boeing's stock, with a decline of 8% on Monday and an additional 1.5% on Tuesday, raising concerns among investors about potential business repercussions. The incident forced an emergency landing shortly after takeoff from Portland, Oregon. In response, the Federal Aviation Administration (FAA) ordered the temporary grounding of…

January 10, 2024 BY Elizabeth Anderson

X security issues in the spotlight after SEC hack

Reportedly, this breach ranks high, especially since financial markets are holding a collective breath in anticipation of this virtual currency ETF approval. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The Bitcoin price jumped by more than 2.5% as the post in question zipped its way through the internet highways. Gary Gensler, the…

January 10, 2024 BY Elizabeth Anderson

Grifols shares plunge after criticism by Gotham

Questioning reporting on its debt and earnings before interest, taxes, depreciation and amortisation (EBITDA), Gotham alleges misrepresentations in this regard to reduce the Grifols leverage ratio. The hedge fund further stated that the actual leverage ratio is about 10 to 13 times the EBITDA, instead of the six times reflected in the Grifols financial reports.…

January 09, 2024 BY Simon Mugo

ForexVox Transforms Into MarketsVox As It Expands Beyond FX

The rebranded MarketsVox will now extend its trading offerings to include indices, commodities, cryptocurrencies, metals, and core forex services. This transformation underscores the company's commitment to providing a broader spectrum of trading opportunities across various markets. To coincide with the rebranding, MarketsVox is introducing many new features for its clients. These enhancements include additional payment…

January 09, 2024 BY Simon Mugo

Trade Republic Attracts 4 Million Customers by Its 5th Anniversary

The growth trajectory is a testament to the company's evolution since its inception in 2019 as a German brokerage firm. Its roots date back to 2015 when it operated under Neon Trading within a startup incubator. Trade Republic's journey began in earnest in 2019 when it opened its platform for commission-free trading to a select…

January 09, 2024 BY Elizabeth Anderson

Nvidia set to mass produce H20 chip aimed at Chinese market

According to a Reuters report, the H20 chip launch was originally scheduled for November 2023; however, due to integration challenges faced by several different server manufacturers, the launch was postponed to its new date of October 2024. The H20, the third chip designed specifically with China as its majority user (after L20 and L2), is…

January 09, 2024 BY Elizabeth Anderson

Big Tech and financial watchdog clash over regulation of digital payments

The CCIA maintains that supervising the companies that offer digital payment services will choke innovation and progress, and hamstring startups in the industry. This response followed a November 2023 statement by the CFPB, which claimed that financial operations such as smartphone payments and digital wallets emulated traditional payment methods but fell short of user protection.…

January 09, 2024 BY Elizabeth Anderson

Merck moving forward with $680m Harpoon acquisition

Harpoon has a portfolio of innovative T-cell engagers using the company’s proprietary TriTAC and ProTriRAC platforms to harness and activate a patient’s immune system to eliminate malign cells. During 2023, Harpoon shares climbed by 41% and surged by almost 112% on Monday. Analysts believe Merck is exploring new avenues of growth as its current top-selling…

January 08, 2024 BY Simon Mugo

Plus500’s FY Revenues Rise to $725M, Beating Expectations

The positive outcome contrasts with earlier projections, as Plus500 initially anticipated ending the year with revenue and EBITDA in line with market expectations, set at $645 million and $300 million, respectively. The brokerage emphasised the resilience of its balance sheet, noting its robust nature, with cash balances reaching approximately $900 million at the close of…

January 08, 2024 BY Simon Mugo

XTB Launches New ETF Passive Investment Plan in the UAE

The Investment Plans feature pre-made portfolios, allowing investors to easily access ETFs with allocations automatically managed based on their risk preferences. With plans starting at just $15, investors can combine up to 9 ETFs covering a diverse range of assets and geographies. This product is particularly tailored for individuals seeking passive investment options without the…