Ives, and a string of other Wall Street tech analysts, suggested that the pace of IT expenditure and endorsement is no match for the money being pumped into AI resources at present, and, according to experts, this is set to continue. Wedbush Securities Inc., a global private investment firm, seconded Ives’ statement, noting that stock…
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The EURUSD currency pair fell for the fourth consecutive session as the single currency continued to gain ground against the US dollar. The single currency struggled to hold on to its gains against the greenback as the dollar was relatively strong against most of its peers, as tracked by the US Dollar Index. The release…
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The USDCAD currency pair was trading down over 76 pips as the Canadian dollar rallied higher against its US counterpart, driving the entire pair lower. The Canadian dollar, also known as the loonie, rallied higher, bolstered by the release of the latest labour market data from the country. According to the latest labour market data…
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Plum CEO Victor Trokoudes expressed enthusiasm over the strategic partnership with Eurobank and the company’s excitement to supercharge its rollout in Greece. Customers in the region will now be able to access Plum’s fully digital wallet and tap into a range of class-leading financial services. Trokoudes added: This is a huge milestone for Plum, giving…
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CEO Vlad Tenev was confident on Thursday as he announced the upcoming launch. Many would be apprehensive after two failed launches in a region, but Tenev said there was no sense of “deja vu”. He believes Robinhood is capable of serving customers “tightly”. One major advantage for the company, is that it has already secured…
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Researchers have noted that, due to Apple’s updated support for all iOS, macOS, and iPadOS versions, the bug may have been targeted at archaic Apple systems, presenting itself as CVE-2023-42916 and CVE-2023-42917. In a press release, the tech mega-giant stated: Apple is aware of a report that this issue may have been exploited against versions…
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Nuvei CEO Phillip Fayer said he was committed to “finding new ways” to unlock the potential of its growing client base, while also making its own offerings more appealing to a wider audience. The new card issuing solution will operate as an additional module on Nuvei’s cutting-edge tech platform. Fayer added: This solution has practical…
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However, The California Public Employees’ Retirement System's (CalPERS) recent investments in several EV companies have sparked investor interest, indicating a dynamic landscape. The EV startup Rivian (RIVN.O) has received the highest investment so far, with seven other pension schemes attempting to cash in, including The Teacher Retirement System of Texas and the Maryland State Retirement…
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BDO said that $477m of its top line was at risk of being “materially misstated”; an evaluation that Revolut was unhappy with. Execs were also dismayed at the reaction to these remarks in the media. The Standard claims Revolut even instructed independent lawyers to try and change the media narrative. It appears that the debit…
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The AUD/USD pair was hovering around the 0.6625 level while approaching its highs from early August. This upward trajectory can be attributed to various factors influencing the currency market. Australia's Retail Sales, a vital indicator of consumer spending, posted a decline of 0.2% for October, falling short of market expectations of a 0.1% increase and…
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