Markets

FTX, the bankrupt crypto exchange formerly led by Sam Bankman-Fried, recently filed a lawsuit against a crypto lender called Voyager Digital. The failed crypto exchange got into massive debt upon collapsing and is now trying to find a way to...

With the world facing a difficult economic situation due to global tensions, the aftermath of Covid, and other issues, every country is trying to attract money as best as it can. When it comes to the Philippines, the nation is...

According to a recent rumor that came from a person familiar with the inner workings of Baidu, China’s largest internet search company, the firm is about to launch a new service. The service in question is an artificial intelligence chatbot,...

Japan-based Toyota’s numbers are in, and they confirmed that the company managed to retain its position as the top-selling carmaker of 2022. This makes it the biggest seller in the world for a third year in a row, and it...

Going from a respected, leading corporation to the riskiest, struggling firm overnight does not happen every day, but this is exactly what happened to the US chipmaker, Intel Corp, this week. The company saw an $8 billion loss in its...

Boerse Stuttgart, the second-largest stock exchange from Germany, announced on Friday that it had received two investments from major companies, both of which are strongly committed to its digital business. The firms in question include SBI Group, a financial services...

The global economy is still in a fairly bad state, and many financial leaders fear that things are about to get significantly worse. In the US, the biggest fear right now seems to be the potential recession, which has caused...

Chevron Cory reported a $36.5 billion profit for the 2022 financial year. While this figure was over double the earnings reported during the previous year, it remained below Wall Street estimates. The miss was attributed to increasing costs and asset...

The shares of LVMH, a French luxury goods company, recorded a slight decline on Friday after the company released its sales update for the fourth quarter of 2022. The update shed a negative outlook on the effects of China’s strict...

Investors are eagerly looking forward to General Motors and Ford Motor releasing strong profits for 2022. Investors are optimistic about positive financial results following the automakers’ release of premium-priced sports utility vehicles (SUVs) and pickup trucks. Investors await strong profits...

For months now, companies have been making headlines due to dozens, hundreds, and even thousands of layoffs. They were deemed necessary in order to keep the firms in business during the difficult economic situation around the world. So farm major...

The last year has been very difficult on most types of businesses from all industries, including the financial industry itself. Many of the leading firms in their respective sectors have started struggling, and now, in early 2023, their financial reports...

New York-based global investment bank Morgan Stanley recently issued penalties on a number of employees for endangering the company’s official business by discussing it on messaging platforms that are not deemed secure enough to be used for such purposes. The...

The Financial Conduct Authority has revealed that it has started investigations against three money transfer companies operating in the United Kingdom. The regulator noted that these money transfer companies might have violated the Competition Act of 1998. FCA investigates money...

The Financial Conduct Authority (FCA), the financial markets regulator for the United Kingdom, has charged a former analyst at Janus Henderson, Redinel Korfuzi, with insider trading. Korfuzi was charged alongside four others for committing insider trading violations between December 2019...