eToro launched a new AI-powered investment portfolio targeting major US companies
The Israel-based social trading app eToro, recently introduced a new smart portfolio, which is powered by AI technology. The portfolio will allow investors to gain exposure to the stocks of some of the fastest-growing US companies. The portfolio will keep...
Horizon Software to focus on Trading-as-a-Service on its Extend platform
Horizon Software has announced plans to release an update targeting Horizon Extend, its cross-asset electronic platform. The company is also focused on the growth of the company and adopting effective trading solutions. Horizon Software issues update for its Extend platform...
New reports say that Bed Bath & Beyond is about to seek bankruptcy
Bed Bath & Beyond has been a go-to shopping destination for couples planning weddings and starting a family for years. However, after trying to expand into store brands, it lost its footing. The lack of stability, combined with the difficulties...
The International Monetary Fund raised its 2023 global growth outlook
Earlier today, January 31st, the International Monetary Fund (IMF) raised its 2023 global growth outlook, taking the financial industry by surprise. The increase is not a major one, but even the fact that the global growth predictions grew at all...
The World Bank expects the Indian economy to grow 6.6% by March 2024
India is one of the nations that are emerging as the biggest and most popular economies of the future. It has already made its way to a number of investors’ maps, and it is only getting started. The country is...
FTX sues Voyager Digital in an attempt to claw back $445.8m in loan repayments
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...
Philippines president approves a value-added tax refund program to attract tourists
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...
China’s Baidu is launching an AI chatbot in March
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,...
Toyota remains the top-selling car maker for the third year in a row
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...
Intel loses $8 billion of its market value after a historic collapse
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...
SBI Group and Axel Springer invest into Germany’s stock exchange Boerse Stuttgart
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...
Energy shares see challenges as fears of the recession continue to trouble Wall Street
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 2022 profits increase to $36.5 billion but miss Wall Street estimates
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...
LVMH shares wobble as Q4 sales update shows the impact of China disruptions
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...
GM and Ford expected to release strong profits amid price drop
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...