Category: Market News

McDonald's sign
June 18, 2024 BY Robert Bell

McDonald’s Ends AI Trial But the Future Is Unclear

The fast-food chain has been using AI systems to respond automatically to customer orders as part of its deal with IBM, which has been in place since 2021. The trial is set to end on 26 July, with some industry analysts wondering what this decision means regarding the possible rollout of AI across the leading…

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June 18, 2024 BY Elizabeth Anderson

Bybit Card Incorporates Apple Pay For Crypto Purchases

Based on PR Newswire information, users can use more than 20 fiat currencies to purchase crypto assets. The platform indicated it would charge no fees for these transactions between 17 June 2024 and 1 July 2024. The company stated that users can simply choose Apple Pay at checkout after selecting their cryptocurrency and fiat payment…

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June 17, 2024 BY Robert Bell

Raspberry Pi Closes a Successful First Week on the LSE

The computer maker was listed on the LSE for the first time this week and rose 47% on Tuesday: a strong start. However, Friday marked the first day the shares were open to all investors, as they were previously listed on a conditional basis purely for institutional buyers. RPI sources have already confirmed that the…

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SEC
June 17, 2024 BY Elizabeth Anderson

Terraform and Kwon to Pay $4.5bn Fine after Guilty Verdict

The Singapore-based cryptocurrency platform and Kwon defrauded clients for years through crypto asset securities, resulting in huge losses when the business failed. The SEC lodged its case against Terraform and Kwon in February 2023. The financial watchdog said the trial, which took place in April 2024, unveiled how Terraform and its CEO deceived victims through…

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June 17, 2024 BY Elizabeth Anderson

India’s Economic Boom Opens Investment Opportunities

Analysts believe India’s developing economy presents an ideal investment climate. The country’s overall economy is on track to grow by approximately 7.6% in the present financial year. According to CNBC, Krishnamurthy Subramanian, executive director of the IMF, described India’s economic landscape as “easily” the fastest-growing economy worldwide. The media outlet reported that Kevin T Carter,…

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Visa and Mastercard
June 14, 2024 BY Robert Bell

Visa and Mastercard $30bn Settlement Proposal To Be Rejected

The case arose when businesses complained that Visa and Mastercard were charging them excessive fees when they processed credit or debit card payments for customers. These included swipe fees and interchange fees. The complaint was also based on the merchants being unable to guide their customers towards cheaper ways of paying. The latest twist came…

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June 14, 2024 BY Elizabeth Anderson

DXTrade Teams Up With Sage Capital Management To Boost Crypto Liquidity

In its 13 June 2024 press release, DXTrade said that Sage Capital Management uses “market relationships and significant trading volumes” towards priority trade executions and optimal pricing. Based on this media statement, a regulated custodian holds funds to eliminate exchange risk and ensures “fast onboarding via a UK FCA-regulated entity”. Don’t miss out the latest…

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June 13, 2024 BY Robert Bell

BT Shares Rise as Carlos Slim Invests

Carlos Slim has an estimated fortune of £72.4bn and now has a 3.2% stake in the London-based telecom company. That makes him one of the largest BT shareholders. Slim built his empire in the Latin American telecoms market, and analysts are now speculating about his possible overall plan. French telecoms billionaire Patrick Drahl remains the…

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