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Category: Investing
British multinational clothing and footwear retailer Next was up by more than 3% on Tuesday after it raised guidance following a strong festive period, with pre-tax profits expected to be more than £1bn. Next’s gain came against the FTSE 100 trading in the red. The firm reported a better-than-expected 5.7% rise in underlying full-price sales […]
Cryptocurrencies maintain a bullish stance as Bitcoin showcases upside momentum above the $100K mark. BTC changed hands at $101,830 during this publication, and magnified investor optimism suggests more gains. Its upside stance has triggered substantial movements in the altcoins space, with Hedera and Worldcoin stealing the show. Investor optimism drives BTC recovery Increased interest from […]
While Apple grapples with an Indonesian sales ban related to domestic production requirements, Huawei spinoff Honor has announced its plans to launch smartphone sales in the country by the end of March. This move marks the latest expansion by a Chinese company into a market that has become increasingly competitive and has presented challenges for […]
Inflation in the euro zone continued its upward trend for a third consecutive month, reaching 2.4% in December, according to preliminary data released by the statistics agency Eurostat on Tuesday. This figure aligns with forecasts from economists polled by Reuters, and marks an increase from a revised 2.2% in November. While this rise in headline […]
Uber Technologies Inc (NYSE:UBER) shares rose by as much as 3.2% in the pre-market hours after the company announced a strategic partnership with Nvidia Corp (NASDAQ:NVDA) to fast-track autonomous driving technology development. This collaboration will aid Uber fulfil its ambition to remain at the forefront of innovation in the competitive autonomous vehicle (AV) market. “Generative […]
The UK’s FCA is putting forward a new framework for private stock markets called PISCES. The UK’s Financial Conduct Authority (FCA) has shared a consultation paper outlining its intentions to facilitate trading in private company shares with a new proposed system called the Private Intermittent Securities and Capital Exchange System (PISCES). This initiative seeks to […]
McDonald’s, the iconic fast-food chain, has joined a growing list of US corporations scaling back diversity, equity, and inclusion (DEI) initiatives. In a Monday announcement, the company revealed significant changes to its approach, including the elimination of aspirational representation goals, commonly referred to as quotas. McDonald’s also retired its pledge to hire a diverse group […]