Reuters indicated that the pan-European STOXX 600 climbed by 0.8% and the MSCI All World Country Index steadily approached a high during Thursday’s trading. This comes after the S&P 500 and Nasdaq both achieved new records in the wake of Nvidia Corporation (NVDA) overtaking Apple Inc. (AAPL) as the second most valuable tech giant worldwide.…
Read more
Based on a Bloomberg report, this would be the “biggest such deal globally in three years”. Unnamed sources indicated that the Saudi government is aiming to sell approximately 1.55 billion Aramco shares at roughly $7.27 (27.25 SR) each – constituting a 6% discount based on the stock’s closing price prior to this announcement. Hours after…
Read more
The claim they’re making is for damages reaching £1.1bn. The group is being represented in the court action by the British Independent Retailers Association (BIRA), which states that this is the biggest example in the history of collective legal action involving British retailers. The claim is to be filed on Friday at a tribunal in…
Read more
The story began in 2015, when Supermac executives made their first move to register the chain’s name in the EU, with the idea of expanding from Ireland into mainland Europe. The American fast-food chain opposed this idea, claiming it would confuse consumers as the name is too similar to Big Macs. While MCD had the…
Read more
This proposed exchange will offer a platform for the listing and trading of US equities and exchange-traded assets. TXSE’s founder and CEO, James Lee, indicated the Dallas-based group raised $120m through more than 24 investors, which included Blackrock, Citadel, and other noted business individuals. In a LinkedIn statement, he wrote: Texas’s booming economy and the…
Read more
Active Super professed that it does not invest in organisations that notably threaten the environment. Based on the ASIC’s press release, Active Super had investments in gambling, oil tar sands, and coal mining companies at the time it made such marketing statements. The firms included SkyCity Entertainment Group Ltd (SKC.AX) and Pointsbet Holdings Ltd, ConocoPhillips…
Read more
The share price issues came after new allegations that STAN carried out transactions that violated international sanctions. This twist in the case came to light when new court documents were filed in the US alleging the bank allowed transactions worth billions of dollars for known terrorist groups such as al-Qaida and the Taliban, as well…
Read more
The Xeon 6 processor is reportedly faster and more power efficient than its forerunner, which enables it to effectively manage demanding data centres. To date, Intel has mostly hovered on the fringe of the global AI frenzy. This new chip is the firm’s attempt to compete with AI trailblazers such as Nvidia and AMD and…
Read more
Monzo was launched in 2015 and has become the seventh-largest bank in the UK in recent years. With almost 10 million customers, Monzo has benefited from more customers depositing more funds with it, giving a pre-tax profit of £15.4m in the financial year ending in March, which was a huge improvement on last year’s pre-tax…
Read more
This reportedly renewed the meme-stock fixation of 2021, which happens when a company’s shares peak in the wake of viral social media exposure. Gill’s post, which appeared on Sunday 2 June 2024, indicated that he had bought 5 million GameStop shares at $21.27 each. Should this be the case, Gill will be one of the…
Read more