Category: Market News

February 23, 2024 BY Elizabeth Anderson

Reddit strikes AI deal with Google

Reddit issued a statement on its website saying: With this partnership, and via our Data API, we’re ushering in new ways for Reddit content to be displayed across Google products by providing programmatic access to new, constantly evolving, and dynamic public posts, comments, etc., on Reddit. The social network forum also filed its intention to…

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February 22, 2024 BY PureContent

Merchants embracing Fintech could see revenues hit $1.5tn by 2030

The push to this financial pinnacle is driven by the interaction of Artificial Intelligence (AI) and Generative AI, which has received added momentum due to OpenAI's ChatGPT launch. Fintech steers the way in building tailor-made tools to ensure transaction security, availability, and ease of use for consumers and traders. This development is not only about…

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February 22, 2024 BY Elizabeth Anderson

Corporate deals on the rise in Japan

Financial experts believe 2024 may be the year that defines Japan’s mergers and acquisitions era, with a prediction that the numbers and volumes of these deals would surge. Since the start of this year, merger and acquisition volumes increased by 43%, continuing the momentum of the latter part of 2023. That is in stark contrast…

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February 22, 2024 BY Elizabeth Anderson

Nvidia sets the pace for tech stock

During after-hours trading on Wednesday, 21 February 2024, Nvidia’s stocks surged by 9.07%. The tech giant currently has a market value of approximately $1.7tn. According to Yahoo Finance, the Goldman Sachs Group Inc. (GS) said that Nvidia’s market performance causes a ripple effect, influencing other tech options. The bank typified this giant as the “most…

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February 21, 2024 BY PureContent

ATFX MENA hires new Business Development Director Institutional

ATFX MENA is a subsidiary of ATFX Capital Group Limited, a UK-founded derivatives broker regulated in various countries, including the United Arab Emirates, Seychelles, the United Kingdom, Mauritius, Australia, and Cyprus. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Singh has significant experience working in the financial industry in roles with companies like…

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February 21, 2024 BY Elizabeth Anderson

Arkhouse chasing a Macy’s board majority

After reviewing the offer, the current Macy’s board expressed concerns about financing solutions for the proposed takeover. The company reportedly approached the two investors about providing additional financing information. Macy’s said that instead of complying with its request, Arkhouse and Brigade sent a communication requesting a 10-day extension for board nominations. The Associated Press quoted…

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February 21, 2024 BY Elizabeth Anderson

Gotham City Research takes aim at Grifols – again

The latest report focuses on the connections between Grifols and Scranton Enterprises NV, which has ties with the founders of the company. According to Reuters, Grifols rejected the claims in the report, labelling it as “malicious, false and misleading”. The company further said that these reports aim to destabilise Grifols, sowing seeds of doubt among…

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February 20, 2024 BY PureContent

Crypto ETFs see record $2.4bn weekly inflows

The products continue to receive billions of dollars in weekly inflows. The latest data from CoinShares reveals a record $2.45 bn was funnelled into crypto ETFs last week, with Bitcoin (BTC) constituting 99% of those funds. Consequently, BTC reached a yearly high of $52,868. Most appealing to investors was BlackRock's IShares Bitcoin ETF, which attracted…

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February 20, 2024 BY Elizabeth Anderson

Hopes of an economic ‘soft landing’ evaporating

This higher-than-expected rise in inflation and the concurrent drop of sales during January 2024 showed no improvement in inflation or consumer strength. According to Yahoo Finance, Austan Goolsbee, the Chicago Federal Reserve president, advocated against unnecessary scepticism and said that one month’s CPI report will likely not rock the cradle and that inflation is clearly…

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February 20, 2024 BY Elizabeth Anderson

Apple faces €500m fine over Spotify access

Apple also allegedly blocked firms such as Spotify from informing customers that they can get the service cheaper if they subscribe directly via the website. Apple faces a €500m fine should the EU find it guilty of infringing competition laws. The Guardian reported that Apple finds these fees reasonable as it provides apps with a…

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