Markets

Virtu Financial has released its results for the first three months of 2023. The company reported revenues of $610.5 million during the period, a 22.6% increase compared to the previous quarter. The revenues dropped 12.9% compared to the same quarter...

The Italian financial market regulator, Consob, is still cracking down against illegal platforms operating in the country. The watchdog has now blocked four new trading platforms that have been added to its blacklist. Consob blocks four more websites The four...

Unlimint, a payments solutions provider, is expanding its operations to Africa. The company has kickstarted its operations in the continent by launching operations in Nigeria. The company's venture into Nigeria and this new license came after it secured a Payment...

IBM Corp has surpassed the expectations of Wall Street for the profits of the first quarter of 2023. The company's financial results show an increased demand for IT services and that the industry was performing better than expected. IBM's positive...

A recent report by eToro has said that retail investors nearing retirement age are investing in artificial intelligence stocks following the release of OpenAI's ChatGPT. eToro also revealed that the number of investors aged above 55 years and investing in...

Anthony Constantinou, the head of Capital World Markets Ltd, is facing seven charges, such as fraudulent trading, after accusations from prosecutors that he operated a Ponzi-like scheme. However, Constantinou has failed to show up at his ongoing trial in London....

Streaming giant Netflix has surpassed Wall Street expectations for Q1 2023. However, the company shared a lighter-than-expected forecast today, which shows the challenges that the company is facing as it pursues growth. Netflix surpasses Wall Street expectations The streaming company...

Darwinex recently released the Darwinex Zero platform that traders can use to pay a monthly fee and trade using a virtual account. If this platform is successful, Darwinex will offer seed capital to traders and share in the profits. Darwinex...

Interactive Brokers Group reported adjusted earnings of $1.35 per share in its first quarter 2023 financial results. However, these results failed to meet the consensus market estimate by around $0.06. The company's shares have dropped by 3.23% pre-market. Interactive Brokers...

Australians reported a loss of AU$3.1 billion to scams in 2022. Out of this amount, AU$1.5 billion was lost to investment scams. The number released by the Australian Competition and Consumer Commission (ACCC) shows that the losses increased by 80%...

NAGA Group posted a 36% decline in revenues for the first quarter of this year. The company has now revealed plans to raise $8.2 million through a convertible bond offering. This offering will not include statutory subscription rights for the...

The US Securities and Exchange Commission (SEC) has filed charges against the Bittrex cryptocurrency exchange and its former CEO, William Shihara. The SEC said the exchange failed to secure registration to operate as a national securities exchange, brokerage platform, and...

Workers at Tesla's Shanghai factory have taken to social media to appeal to the company's CEO, Elon Musk, and the Chinese public after being informed of cuts in performance bonuses. According to the workers, the cuts were attributed to a...

Merck & Co said it would purchase Prometheus Biosciences Inc for around $10.8 billion. Under the purchase deal, Merck will pay $200 for each share of Prometheus Biosciences. The latter is a biotechnology company that is based in California. The...

Most central banks globally have been hiking interest rates to tame inflation. However, consumer prices have remained high, and the efforts to slow down the economy have not been 100% successful. Central banks continue hiking interest rates The global central...