Category: Market News

February 05, 2024 BY PureContent

FalconX Institutional digital prime broker to collaborate with TP ICAP's UK-based crypto exchange

Fusion Digital Assets is the crypto arm of TCAP, a global provider of market infrastructure and data solutions offering spot trading in Bitcoin and Ether against USD. FalconX is the largest institutional prime broker for digital assets.  According to Tom Flanagan, global head of execution and liquidity management at TP ICAP Digital Assets, the partnership…

Read more
February 05, 2024 BY Elizabeth Anderson

Drumroll signals a chunk out of Musk’s Tesla pay

This development puts Tesla on the back foot as the payment scheme was tailored to ensure Musk’s commitment to the company, despite his SpaceX and X ventures. In 2018, when this package was tabled, many regarded it as far-fetched. After the court decision, Musk took to his social media platform, X, and commented: Never incorporate…

Read more
February 05, 2024 BY Elizabeth Anderson

Three out of seven a win – Amazon, Apple and Meta topping forecasts

Amazon’s Q4 revenue, which totalled $170bn, beat the expected $166.2bn by almost $4bn. Experts attributed the financial success of this company to the synergy between its diverse segments. The reported totals boosted investor confidence, and Amazon closed its Friday, 2 February 2024, trading up 7.87%.   Apple followed suit with its Q1 earnings and defied analyst…

Read more
February 02, 2024 BY PureContent

Nuvei Corporation partners with Cash App in US

Nuvei CEO Philip Fayer said that the firm decided to expand its offerings in the US after recognising the rapid adoption of Cash App Pay, which is particularly popular with young adults. Nuvei’s mission is to break down payment barriers and empower its partners to deliver feature-rich and relevant customer checkout experiences. Nuvei already serves…

Read more
February 02, 2024 BY Elizabeth Anderson

Possible OPEC+ global oil supply cuts on the table for Q2 2024

The seven members are Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman. Officials, who wished to remain anonymous, indicated that additional limits will be considered in March. With a tempered oil price of around $80 per barrel, the surge in US shale production, and the Red Sea conflict endangering shipments, OPEC+ members find it…

Read more
February 01, 2024 BY PureContent

George Osborne joins Coinbase’s advisory council

Osborne, who served as Chancellor for six years until 2016, will join CoinBase’s advisory council. In a statement, the 52-year-old announced he was excited about the “huge amount” of innovation that is present in the financial industry. He will now use his experience in a range of sectors and disciplines – these include business and…

Read more
February 01, 2024 BY Elizabeth Anderson

Novo Nordisk smiling all the way to the bank

During the first three quarters of 2023, these medicines helped the pharmaceutics research and development outfit top the GDP of its homeland, Denmark. This performance also catapulted Novo Nordisk to the top spot among European companies.  Wegovy, the weight loss drug, raked in sales of $4.5bn, increasing the overall sales of this segment by 154%.…

Read more
February 01, 2024 BY Elizabeth Anderson

Rising AI costs a stumbling block for big tech stock performance

Alphabet stocks took a 7.35% knock after publishing its leaner-than-expected festive advertising sales figures on Tuesday, 30 January. The tech giant also indicated that more money will go into boosting its AI leverage by investing in upscaled servers, for example.    Alphabet CEO Sundar Pichai tried to bolster investor confidence by saying: We are pleased with…

Read more
January 31, 2024 BY PureContent

Fintel acquires Owen James Events and Synaptic Software

A flurry of important updates began with the closure of a £3.5m deal for Synaptic Software. The acquisition was announced in early December and has been pending FCA approval. Now the green light has been given. The deal is quite a coup for Fintel as Synaptic already serves thousands of financial advisers with its compliance…

Read more