March 19, 2024 BY Robert Bell

Adobe loses value as weak sales predicted

The company’s revenue is expected to be between $5.25bn and $5.3bn this quarter, according to a statement released on Thursday. This falls slightly short of the initial projections of $5.31bn. However, profits are expected to exceed predictions, reaching as high as $4.40 per share rather than analysts’ average estimate of $4.38. ADBE has been a…

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March 19, 2024 BY Elizabeth Anderson

Multiple Hedge Fund Debuts Lined Up For 2024

Reuters indicated that top-performing traders from investment companies such as Citadel, Lone Pine Capital, and Oaktree Capital Management want to initiate their own ventures. Those in trading circles usually closely follow these moves as investors look for replication and growth values. The newsagent quoted Jon Caplis, PivotalPath’s chief executive officer, who said: Many of these…

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Pepperstone logo1
March 18, 2024 BY Simon Mugo

Pepperstone Partners With Tennis Legend John McEnroe as an Ambassador

Australian tennis talent Alex de Minaur, who has already represented Pepperstone, is joining forces with McEnroe. McEnroe expressed his enthusiasm about the partnership, noting Pepperstone's known dedication to tennis and sharing a mutual zeal for the sport's advancement. McEnroe's induction as an ambassador underscores Pepperstone's dedication to fostering tennis globally. The brokerage has made its…

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Bank of Japan
March 18, 2024 BY Simon Mugo

Japanese Bank Starts Training Staff on Positive Interest Rates

About 3,300 employees of the Bank of Kyoto are being educated on the significance of interest rates, the process of determining lending rates, and the implications of rising interest rates for both the bank and its clientele through this program. The curriculum includes insights from veteran executives familiar with handling business in a positive interest…

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March 18, 2024 BY Robert Bell

Under Armour shares drop with CEO set to move on

Linnartz has been in the role for a little more than a year and has been making significant changes, such as introducing a rewards programme and making high-profile hiring decisions. Analysts are now undecided as to whether the return of Plank is a good thing and whether he will be back for the long term…

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March 18, 2024 BY Elizabeth Anderson

UBS a likely Titanic after Credit Suisse acquisition?

The acquisition turned UBS into a colossus with a current market cap of approximately $102.46bn. Based on Reuters information, its balance sheet totals more than $1.6tn, which is roughly double the Swiss economy. On paper, this financial giant may seem unsinkable, but economists argue that UBS is “too big to save”. The inability of Credit…

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Doo Financial
March 15, 2024 BY Simon Mugo

Doo Financial Acquires Hong Kong SFC License To Trade Securities

The acquisition of the Type 1 license came after a thorough review of Doo Financial's operational framework, financial health, corporate governance practices, and the qualifications of its team, highlighting the firm's dedication to maintaining stringent compliance with regulatory standards. Armed with this new license, Doo Financial HK Limited is now equipped to carry out a…

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March 15, 2024 BY Simon Mugo

Capital.com Halts the Onboarding of New UK Clients, Maintains License

The decision comes despite the firm holding an active authorisation from the UK's Financial Conduct Authority (FCA) since 2018, indicating that its operating license remains unaffected. Prospective clients in the UK are notified on the Capital.com website, indicating a temporary pause in new client onboarding. The notice explains the company's rapid growth and commitment to…

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