Category: Market News

Graham Morris
March 21, 2024 BY PureContent

ATFX Welcomes Graham Morris as the New Head of Compliance for Australia

Graham is set to bring a vast reservoir of compliance expertise and industry knowledge to the firm, which will be instrumental in enhancing ATFX’s regulatory frameworks and overseeing compliance matters within the Australian financial market. Graham comes to ATFX with an impressive professional background, having previously served in key compliance roles for notable financial companies.…

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March 20, 2024 BY PureContent

Weekly Data: Oil and Gold: Brief Review before the Fed

Below, we look at the key factors impacting economic data this week. Wednesday:  UK inflation rate at 7:00am GMT. The consensus is for a decline from 4% to 3.5% in February. If these forecasts hold true, it could mark the lowest yearly inflation figure for Britain and might lead to slight losses for the pound,…

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March 20, 2024 BY Elizabeth Anderson

Nvidia stock trips after launch of B200 Blackwell Chip

At the ring of the closing bell, the company's stock was up about 1% but slipped again by 0.42% in after-hours trading. Analysts believe waiting for more details about the chipmaker's new B200 Blackwell microprocessor contributed to these marginal stock movements. Over the past year, Nvidia's shares increased more than three times in value. Jensen…

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March 20, 2024 BY Robert Bell

Altria to raise $2.4bn by selling BUD shares

Altria is going to sell 35 million shares of BUD in a public offering at a price of $61.50 per share. It also plans to sell $200m of the stock straight back to Anheuser-Busch. This would give the firm a total of $2.4bn. An option of Anheuser-Busch purchasing an extra 5.25 million shares worth $323m…

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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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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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