Category: Forex

financial buildings
May 14, 2024 BY Elizabeth Anderson

Chris Elms Appointed As CEO For Euroclear UK & International

This international holding company provides post-trade financial services, including settlement and custody of local and international securities for bonds, equities and derivatives, and investment funds. It operates through Euroclear Bank, International CSD and Euroclear UK & International, among others. Elms previously served as this division’s interim CEO and brings 28 years of experience to the…

Read more
AI-neurotechnology
May 14, 2024 BY Elizabeth Anderson

Big Tech Turning AI Spotlight On Neurotechnology

Elon Musk’s company Neuralink grabbed headlines in 2024 when it implanted the first-ever brain-computer interface (BCI) in a human, though the firm indicated on Thursday, 9 May 2024 that it had experienced some problems with its implant. The market for neurotechnological devices had a reported value of approximately $15bn in 2023. Precedence Research estimates that…

Read more
Boots store
May 14, 2024 BY Robert Bell

WBA Looking for a Buyer to Take Boots off its Hands

It is the company’s second attempt at trying to sell this chunk of the business, and it is believed to be working with consultants to identify potential purchasers. The cost of buying Boots is around £7bn, although WBA has yet to comment on the speculation about selling. It is believed that this sale would allow…

Read more
Electric aircraft
May 13, 2024 BY Elizabeth Anderson

Lilium And KL1 To Establish New Sites In France

Lilium will reportedly invest €400m in a new factory and consequently generate around 850 jobs. KL1 has earmarked Blanquefort, which is close to Bordeaux, for its €300m site. According to Reuters, the KL1 investment will create 200 new jobs. The location of the new Lilium plant, which will manufacture electric jet aircraft, has not yet…

Read more
Department of Justice building
May 13, 2024 BY Elizabeth Anderson

DOJ Appoints Specialist Company To Monitor Binance

This appointment comes after Binance’s founder and CEO, Changpeng Zhao, admitted to violating US money laundering and trade sanctions in November 2023. Zhao also stepped down as Binance CEO during this time and was sentenced to four months in prison in April 2024. Sources said that Forensic Risk Alliance was selected over other companies, including…

Read more
McDonald's sign
May 13, 2024 BY Robert Bell

McDonald’s Share Price Climbs on Hopes of Low-Cost Meal Deal

Early speculation points to a $5 meal deal designed to fight back after the chain saw its sales fall due to the current challenging economic conditions for many American families. The promotion could offer fries and a drink with a McDouble or a McChicken, although this hasn’t yet been confirmed.   This move comes following…

Read more
May 10, 2024 BY Elizabeth Anderson

Stock Market Lifts Its Head After Dry Spell

Recent labour statistics pegged unemployment at 3.9%. Bloomberg indicated that equities gained traction after a $25bn sale of 30-year bonds and the S&P 500 crested 5,200. Analysts believe that the advance in stocks can be attributed to commodity trading advisors being modelled to buy shares this week. Don’t miss out the latest news, subscribe to…

Read more
May 10, 2024 BY Robert Bell

Duolingo Price Drops Over Future Growth Concerns

Q1 results for the language learning company saw revenue climb by 44.9% on a year-by-year basis to over $167m. This is roughly in line with its growth rate for the last three years, which has averaged 45.7%. Its net earnings per share was reported at $0.57, marking a significant increase from last year’s $0.06 loss.…

Read more
May 09, 2024 BY Robert Bell

Starbucks Under Pressure Following Earnings Miss

Now, Howard Schultz, the former CEO of the multinational coffeehouse chain, has added his thoughts in the debate around what the company should do next. Schultz was replaced by Laxman Narasimhan in 2023. The current CEO plans to boost the company’s profits through new offerings such as energy drinks and boba tea, as well as…

Read more