Markets

JBS USA has terminated its contract with a US company that was fined for hiring kids to clean meat plants. The company announced the termination of this contract on Monday, adding that some of its work was brought in-house to...

SpaceX has obtained approval from the US Space Force to lease a second rocket launch complex at a military base located in California. With this approval, the space company has secured its fifth launch site in the US. SpaceX gets...

First Republic Bank revealed that its deposits dropped by over $100 billion during the first quarter of 2023 as the lender explored options to restructure its balance sheet. Despite the significant decline in deposits, the bank’s profits surpassed expectations. First...

Bed Bath & Beyond, one of the largest retailers in the United States, has filed for Chapter 11 bankruptcy protection. The filing comes after the company failed to raise enough capital to sustain operations. The retailer has already started a...

Adani Ports and Special Economic Zone, based in India, has started a buyback program for certain debt securities. The buyback program will go towards prepaying part of the company’s loans that are due in 2024. Adani Ports starts buyback program...

The Chief Executive Officer at NBCUniversal, Jeff Shell, is exiting his role at the company after acknowledging an inappropriate relationship with a woman working at the company. An investigation into this relationship was conducted by NBCUniversal's parent company, Comcast Corp...

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has charged 24 individuals for market manipulation. These charges are associated with multiple ramp-and-dump stock investment schemes announced by the company. SFC charges 24 for ramp-and-dump investment schemes The charges...

Darwinex recently launched the Darwinex Zero trading platform, a unique concept in the industry. The company’s co-founder and CEO, Juan Colón, has now said that this platform does not fit within any regulatory perimeter because of the nature of its...

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...