Category: Forex

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…

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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…

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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…

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Afterprime joins tradingview
February 01, 2024 BY Simon Mugo

Afterprime Incorporates Tradingview Charts, Enabling Direct Trading

Collaborating with technology partner TraderEvolution Global, Afterprime has established a seamless connection to TradingView. This integration enables Afterprime clients to leverage TradingView for charting, accessing market data, synchronising positions, and executing trades, all while operations are processed on Afterprime's servers. This new partnership offers Afterprime's clientele an enriched trading experience through TradingView without compromising the…

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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…

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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%.…

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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…

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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…

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January 31, 2024 BY Elizabeth Anderson

ChatGPT steps on toes of EU data privacy rules

Following the temporary ban on processing imposed on OpenAI by the Italian DPA on 30 March 2023, and based on the outcome of its fact-finding activity, the Italian DPA concluded that the available evidence pointed to the existence of breaches of the provisions contained in the EU GDPR. The machine-learning startup grabbed the November 2023 headlines when…

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