With the news, the iPhone maker breaks its own record for the highest repurchase value announced in the United States. According to market research company Birinyi Associates, the tech giant authorised $100 billion in share repurchases in 2018, dating back to 1999. “An astonishing number,” said Steve Sosnick, chief strategist at Interactive Brokers LLC. “Apple … Read more
Maple Finance, a blockchain-based credit marketplace, has switched its attention to Asia and plans to expand there with a $5 million financing round, the company announced on Tuesday. According to a news statement, BlockTower Capital and Tioga Capital led the funding round, which also included Cherry Ventures, The Spartan Group, GSR Ventures, and Veris Ventures. … Read more
“Carl brings to Pizza Hut a proven track record of positioning brands for success and achieving outcomes in highly competitive marketplaces. He is skilled at assisting companies in presenting themselves in unique and authentic ways at the nexus of consumer demand and culture,” Powell explained. “The Pizza Hut team is delighted to welcome Carl, who … Read more
Asian currencies climbed modestly on Thursday as data indicated that U.S. consumer prices grew at a little slower-than-expected rate in April, indicating that the Federal Reserve is succeeding in containing rising inflation. However, the regional stock markets were mainly mixed. According to Labour Department data, U.S. consumer prices rose 4.9% in April from a year … Read more
German Finance Minister Christian Lindner said on Friday that he hoped US legislators would make a “grown-up” decision on discussions to extend the federal debt ceiling, warning that if they did not, the global economy would suffer. Speaking on the margins of the G7 conference in Japan, Lindner stated that the global economic picture remains … Read more
One of the London Stock Exchange’s oldest businesses is on the verge of selling its securities unit, underscoring the industry’s escalating challenges from regulatory reform. Sky News has learned that Charles Stanley is in advanced discussions with an American bidder for its corporate finance unit, which employs around 35 individuals in areas like as equities … Read more
European and Asian stock markets gained on Monday, fueling fresh expectations that the US Federal Reserve could slash interest rates this year. Stock markets in Hong Kong and Shanghai closed, while Paris and Frankfurt rose at lunchtime in holiday-thinned trade. London and Tokyo were closed. Investors cheered statistics on Friday showing that US job growth … Read more
The FTSE 100 daily report will be unavailable on Monday, May 6, owing to a bank holiday. Updates from Friday: Wall Street closes higher as the US Fed shows a dovish leaning, with the Dow up 0.85 percent to 38,225.66, the S&P 500 up 0.91 percent to 5,064.2, and the Nasdaq Composite up 1.51% to … Read more
The precious metal rose as much as 1% on Monday, following its first back-to-back weekly declines since February. Investors have been considering a weaker-than-expected US jobs report, which added to indications that the economy is gradually weakening, alleviating concerns that markets are heading for a prolonged rut typified by high inflation and poor growth. Chicago … Read more
Meredith Whitney, the one-time “Oracle of Wall Street” who forecast the Great Financial Crisis, believes the US housing market has the potential for extraordinary economic stimulation that does not require any federal investment. While she has lately warned of the threats that the “crisis of the American male” poses to the economy and the housing … Read more
