Finance -

Europe’s economy could face significant consequences from the Israel-Hamas war, warns Goldman.

admin2 years ago03 mins

The ongoing conflict between Israel and Hamas could have significant economic consequences for the euro zone, warns Goldman Sachs. In a research note, Europe Economics Analyst Katya Vashkinskaya highlighted that the hostilities could impact European economies through lower regional trade, tighter financial conditions, higher energy prices, and lower consumer confidence. Concerns are growing among economists…

Deutsche Bank and Unicredit invest $55 million in Wefox’s latest funding round.

admin2 years ago03 mins

German insurance technology group, Wefox, has secured $55 million in fresh funding from Deutsche Bank and UniCredit, according to anonymous sources familiar with the deal. The company, which sells insurance plans through an online platform, raised the funds in a debt financing deal from the two European lenders. The funding was structured as a convertible…

Sam Bankman-Fried convicted on all seven counts of criminal fraud

admin2 years ago06 mins

FTX Founder Sam Bankman-Fried Found Guilty on All Charges A jury has delivered a guilty verdict for Sam Bankman-Fried, founder of FTX, on all seven criminal counts against him. Bankman-Fried now faces a maximum sentence of 115 years in prison. The charges include wire fraud, conspiracy to commit wire fraud, securities fraud, commodities fraud, and…

New data reveals that 50% of Current’s clientele hold more than one employment

admin2 years ago04 mins

Title: Current CEO reveals the rising trend of multiple jobs among payment customers Current CEO Stuart Sopp has highlighted the growing need for additional sources of income as almost half of the firm’s payment customers are found to have more than one job. In an interview with CNBC’s “Fast Money,” Sopp revealed that approximately 20-25%…

Small businesses to benefit from Amazon’s introduction of Affirm buy now, pay later

admin2 years ago04 mins

Amazon is set to introduce a buy now, pay later checkout option for small business owners utilizing its online store. The partnership with Affirm will extend to Amazon Business, catering to companies. This move led to a more than 14% increase in Affirm shares. The service, offering loans ranging from $100 to $20,000, will be…

AMD’s stock soars following optimistic forecast for AI chip performance in upcoming year.

admin2 years ago02 mins

Advanced Micro Devices (AMD) has attracted the attention of investors and analysts with its impressive third-quarter results. Market Movers, a trusted source for market insights, has gathered the latest reactions to AMD’s performance. AMD reported adjusted earnings of 70 cents per share on revenue of $5.8 billion, surpassing analysts’ expectations. Prior to the announcement, experts…

Turing AI supercomputer in the UK to receive $273 million investment

admin2 years ago03 mins

The U.K. government has announced its plans to invest £225 million, equivalent to $273 million, in an artificial intelligence supercomputer, as the country aims to establish itself as a leader in the field and catch up with the U.S. and China. The supercomputer, named Isambard-AI after the renowned British engineer Isambard Brunel, will be built…

Delta implements cost-saving measures by laying off certain employees in corporate positions.

admin2 years ago03 mins

Delta Air Lines is making corporate job cuts in order to reduce costs amid rising expenses in the industry. The company stated that adjustments to programs, budgets, and organizational structures are necessary to meet their goals. Delta emphasized that these decisions are made with care and respect for the affected employees and the Delta family….

SEDG, QCOM, ETSY, CLX experience significant after-hours stock fluctuations

admin2 years ago07 mins

SolarEdge, Qualcomm, Etsy, Electronic Arts, Roku, DoorDash, Tandem Diabetes Care, e.l.f. Beauty, Airbnb, Clorox, Zillow Group, Mondelez International, and Sarepta Therapeutics are among the companies that made headlines in extended trading. SolarEdge, a solar stock, experienced a steep decline of 23% after releasing a disappointing third-quarter report and a pessimistic outlook for the current quarter’s…

The new statement: A breakdown of the alterations made.

admin2 years ago02 mins

In a recent comparison, this article analyzes the Federal Open Market Committee (FOMC) statement released on Wednesday and compares it to the one issued after the Fed’s previous policymaking meeting in September. The purpose of this analysis is to highlight any changes or updates made in the new statement. One notable feature of the comparison…

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Finance

Europe’s economy could face significant consequences from the Israel-Hamas war, warns Goldman.

Deutsche Bank and Unicredit invest $55 million in Wefox’s latest funding round.

Sam Bankman-Fried convicted on all seven counts of criminal fraud

New data reveals that 50% of Current’s clientele hold more than one employment

Small businesses to benefit from Amazon’s introduction of Affirm buy now, pay later

AMD’s stock soars following optimistic forecast for AI chip performance in upcoming year.

Turing AI supercomputer in the UK to receive $273 million investment

Delta implements cost-saving measures by laying off certain employees in corporate positions.

SEDG, QCOM, ETSY, CLX experience significant after-hours stock fluctuations

The new statement: A breakdown of the alterations made.