Turkey’s central bank has increased its key interest rate from 30% to 35% as a measure to control inflation. This move was expected by economists and is aimed at anchoring inflation expectations and managing pricing behavior. The central bank stated that the effects of tax changes, wage growth, and exchange rates have mostly been resolved….
Title: The Battle for FinTech Supremacy: U.S. Leads, China Nipping at Its Heels Date: [Insert Date] With the rise of digital technology, financial technology (FinTech) has emerged as a highly lucrative industry that has transformed various sectors, from retail banking to wealth management, across countries worldwide. In the quest for dominance, two global powerhouses, the…
Investors Advised to Seek Safer Hideaways in Late-Cycle Market Environment, says Morgan Stanley According to a note from Morgan Stanley analyst Andrew Pauker, as economic activity reaches its peak, investors should consider defensive sectors such as health care and utilities as safer options in the market. Pauker suggests that current leading macro data and the…
Deutsche Bank Reports Third-Quarter Net Profit of $1.06 Billion, Despite Challenges Deutsche Bank, a prominent German lender, announced on Wednesday its third-quarter net profit of 1.031 billion euros ($1.06 billion). This figure slightly exceeded expectations, despite an 8% decline compared to the previous year and ongoing struggles within the bank’s investment unit. Analysts had anticipated…
S&P 500 futures remained stable on Tuesday night as investors analyzed the quarterly results of tech giants Microsoft and Alphabet. Futures linked to the S&P 500 experienced a slight decline of 0.06%, while Nasdaq 100 futures fell by 0.2%. Conversely, Dow Jones Industrial Average futures increased by 0.2%, or 74 points. Following the closing bell…
Microsoft, Alphabet, Visa, Snap, Texas Instruments, CoStar Group, and Stride were the companies grabbing attention in extended trading. Shares of Microsoft surged by over 3% after the tech giant reported its fiscal first-quarter results, surpassing analysts’ expectations. The company’s earnings per share stood at $2.99 on $56.52 billion in revenue, outperforming forecasts of EPS at…
Check out the companies making headlines before the bell. General Motors, the automaker, saw its shares rise by more than 1% in premarket trading after posting third-quarter earnings and revenue that exceeded analyst expectations. However, GM did withdraw its full-year outlook due to rising costs from the United Auto Workers union strikes. Despite Spotify’s third-quarter…
Barclays Reports £1.27 Billion in Net Profit for Q3, Beating Expectations LONDON – Barclays, one of the largest banks in the United Kingdom, has announced a net profit of £1.27 billion ($1.56 billion) for the third quarter. This figure slightly exceeded analysts’ expectations, despite a decline in revenues from its investment bank. The positive performance…
Shares of Redfin surged 12% in extended trading after the company announced a major financial commitment. According to a filing with the U.S. Securities and Exchange Commission, funds managed by Apollo Capital and its affiliates have agreed to provide up to $250 million in financing to the real estate brokerage through a loan. This deal…
Tech giant faces negative headlines in recent months In what appears to be an ongoing trend, the tech giant has once again found itself at the center of negative publicity. This comes as no surprise, as the company has been no stranger to controversy in recent months. While the details of the current negative headlines…
