Markets

The Chicago Mercantile Exchange Group has released its financial results for January 2023. In the results, the company reported a 4% increase in the average daily volume (ADV) for foreign exchange transactions during the month. The company recorded 807,000 forex...

The Chief Executive Officer of leading electric vehicle maker Tesla, Elon Musk, donated shares worth $1.95 billion to charity in 2022. The company revealed the donation through a filing with the US Securities and Exchange Commission (SEC) on Tuesday. Tesla...

Neiman Marcus Group has announced plans to lay off around 5% of its workforce, equivalent to around 500 employees. The company has said that the layoffs are part of its plan to reduce costs amid a tough economic outlook. Neiman...

It is not every day that hundreds of people get an offer to relocate in order to keep their jobs, but this is the deal that Walmart offered to its employees after announcing that it will shut down their current...

Yesterday, February 13th, major carmaker Ford Motor Co. announced plans to create a new electric vehicle battery plant in Michigan. To do this, the company said that it would invest $3.5 billion, essentially betting that building batteries in the US...

Palantir Technologies, a US firm that specializes in big data analytics, recently published extremely positive news for its shareholders. The company’s new forecast, published Monday, February 13th, predicts that 2023 will be the firm’s first profitable year. Palantir noted that...

Fidelity National Information Services Inc (FIS), a banking and payments processing conglomerate, recently took a massive $17.6 billion hit to its merchant business. The write-down came after the company revealed is plans to spin it off in order to make...

Australian lawmakers seem to be rather displeased with the recent rate hikes, which is why the country’s top central banker was summoned to appear at several parliamentary hearings this week. The Reserve Bank of Australia Governor Philip Lowe will have...

Star Entertainment Group recently saw a major drop in shares which tumbled 22% to a record low. The drop came after the group issued a warning, predicting a $1.11 billion (A$1.6 billion) impairment charge in first-half earnings from the originally...

An electric car brand of Geely Automobile Holdings, Zeekr, recently held a funding round that can be described as a major success. The Chinese brand raised $750 million from both existing and new investors, raising the value of the brand...

Saxo bank has reported its financial results for January. The company reported that the monthly trading volumes had reported a decline. The overall trading volumes at the company dropped to $375.6 billion. Moreover, the volume of forex assets during the...

eToro has expanded the list of available assets to investors in Brazil. The users of the social trading network that joined the platform on or after February 28, 2022, were only allowed access to cryptocurrency trades priced against the Brazilian...

Financial market regulators in South Korea are planning to revise the Foreign Exchange Transactions Act implemented in 1999. The changes to the rule are coming after the public called for a revision, saying that the policy was limiting. South Korea...

The global economy has been struggling more and more as months passed, but the current situation is seemingly not affecting everyone in the same way. One of the best examples of this is NAGA Group — a fintech company from...

Finland-based Peer-to-Peer (P2P) cryptocurrency platform, LocalBitcoins, announced recently that it would close down shop. The decision comes after 10 years in business, during which the platform served countless customers from all over the world. https://twitter.com/JGMontoyaS/status/1623677043878625281 The official announcement was made...