According to Investing.com, the Dollar Index climbed by 0.1% after its overnight drop of 0.6% on Wednesday, 1 May 2024. Powell admitted that the battle against high inflation continues and that interest rates will remain unchanged for now. He also said that he did not foresee increases for 2024, which came as a surprise given…
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The crypto exchange platform saw net revenue climb by 115% compared to Q1 2023. Its net income also rose, with $1.17bn the highest it has reached in the last nine quarters. It was the firm’s second positive quarterly earnings report since the crypto boom petered out in 2022. Transaction revenue rose to $1.07bn, which was…
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Euronews reported on 25 April 2024 that Anglo American, a UK-based mining enterprise, had rejected BHP’s €36bn takeover bid and indicated that it was not in the interest of its investors. BHP is the world’s largest miner and Anglo American’s steepest competition. According to a Bloomberg report on Thursday, 2 May 2024, the deployed executives…
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The IPO valued the cruise operator at $11.3bn, with over 431 million shares outstanding. By raising $1.54bn, the company had the most successful US IPO of 2024 so far. The IPO was underwritten by companies including J.P. Morgan, UBS and BofA Securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter VIK operates 92…
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AMD’s GAAP quarter-over-quarter revenues dipped by 11% and, according to Reuters, SMCI’s revenue dropped by 16%. Super Micro Computer’s stock jumped by 150% earlier this year and outstripped Nvidia Corporation (NVDA) (the frontrunner in the chipmaking sector) gains at certain times. Queries about a new range of servers contributed to the bleak SMCI Q3 performance…
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Nick is a highly recognisable figure in the financial services industry. As the previous APAC CEO for FP Markets, GM for IC Markets and Chief Operating Officer at Rakuten Securities Australia and he solidified his reputation as a Forex Trading and broking industry expert. In addition to his extensive professional experience in the broking space,…
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The fast-food chain saw sales growth in its restaurants that opened more than a year ago reach a disappointing 1.9% rather than the 2.33% that had been widely predicted. This figure was 12.6% in Q1 2023. MCD suffered with all its geographic regions failing to meet expectations, though some good reasons were given for this.…
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Initial reports suggest that it could be valued at $8bn, but the company hasn’t officially commented on the matter, and negotiations are said to be at a very early stage. The IPO for Coca-Cola Beverages Africa (CCBA) could take place as early as 2025. Coca-Cola noted in its earnings report for Q3 2023 that it…
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This share movement follows co-founder and CEO Elon Musk’s visit to China. The leading electric vehicle (EV) maker announced on Sunday, 28 April 2024 that it had met the country’s data security provisions and that the government had removed restrictions on its vehicles. In its latest financial report, Tesla indicated an 8% year-over-year decline in…
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At the time of reporting, the currency has retained its strong footing and, in the European session, traded 0.24% up against the US dollar (USD) at 0.6534. Economists attributed this robust performance to the country’s Q1 Producer Price Index (PPI) data, which reflected a year-on-year growth of 4.3% and outstripped the predicted 2.6%. PPI for…
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