Markets

Artificial intelligence has become a hot topic in the technology sector. Apple, the largest tech company in the US, is showing interest in the field. Apple's CEO, Tim Cook, shared a glimpse into the company's plans during a Q&A session...

The financial results reported by Apple on Thursday surpassed Wall Street estimates showing that the tech giant was resilient amid a slowing global economy. The tech giant’s financial outlook was improved by better iPhone sales and expansion in India and...

The American Bankers Association has urged federal regulators to investigate a significant bout of short sales of publicly traded banking shares. The association said these short sales were disconnected from the underlying financial realities. US bankers urge regulators to monitor...

Vantage, previously known as Vantage Markets, is expanding its presence in Africa. The company is expanding its presence in the continent by securing a derivatives license from the South Africa Financial Sector Conduct Authority (FSCA). Vantage secures a license in...

Brokeree Solutions, a provider of trading technology solutions, is boosting the growth of its social trading solutions. The company will be launching a mobile application targeting this service. The mobile application launched by the company will come with all the...

The Australian Securities and Investments Commission (ASIC) has issued a notice to companies issuing investment products. The regulatory body has called upon investment product issuers to "lift their game" on design and distribution obligations (DDO). Aussie firms to comply with...

Massachusetts's securities market watchdog is planning to appeal against a ruling last year in favor of the Robinhood retail trading platform. The appeal comes after a ruling was made last year in favor of Robinhood after enforcement action was taken...

Plus500, a trading platform based in Israel, released a trading update on Tuesday. In the update, the trading platform said it continued to report a solid performance in the 2023 financial year. Plus500 reports solid results in 2023 This financial...

Coinbase released a global cryptocurrency derivatives exchange days after revealing that it was venturing into an offshore location with a new license obtained from Bermuda. The cryptocurrency exchange based in the US has said that this new platform is open...

The Biden Administration is focusing on the rapidly growing artificial intelligence (AI) industry. The Chief Executive Officers at top tech companies, such as Google, Microsoft, OpenAI, and Anthropic, are set to meet with the US Vice President, Kamala Harris, and...

Admirals, a retail forex and contracts for difference (CFD) broker based in Estonia, is expanding its presence across Africa. The brokerage platform has announced plans to set up new offices in Lagos, Nigeria. Admirals set up new offices in Nigeria...

Tastytrade and LiteFinance, two brokerage businesses offering retail forex and contracts for difference (CFD) products, have released new updates on their brokerage businesses. Tastytrade released an application programming interface (API), while LiteFinance released an upgrade for its mobile trading application...

Interactive Brokers has reported a significant decline in the Daily Average Revenue Trades (DARTs). The electronic trading platform reported that DARTs dropped by 14% to 1.765 million in April 2023. Interactive Brokers reports a 14% drop in DARTS in April...

The shares of Sony Group Corp have dropped by nearly 2% on Monday. The shares are dropping after the annual profit of the Japanese entertainment and electronics giant dropped below market expectations. Sony shares drop amid a weak annual outlook...

The bankers overseeing the sale process for Subway have offered a $5 billion acquisition financing plan to the private equity firms looking to acquire the company. The financing plan seeks to overcome hurdles in leveraged buyouts and secure the company...