Thursday, July 04, 2024
The British pound has strengthened against the U.S. dollar during the British national election, driven by optimism over a projected Labour Party victory and weakening economic data from the United States.
By TLN Staff Writer
Tuesday, June 18, 2024
Russian billionaire Alisher Usmanov has filed a lawsuit against UBS, alleging that the Swiss investment bank improperly cooperated with German authorities in a probe into his financial activities.
By TLN Stafff Writer
Thursday, June 13, 2024
Saudi Arabia's recent indications of moving away from the petrodollar system, a cornerstone of global oil markets since the 1970s, mark a pivotal shift that could reshape international economic landscapes and currency dynamics in global oil trade.
By Michael Kelly
Following the takeover of Credit Suisse, UBS has been placed under observation by the Swiss Competition Commission to ensure fair competition and prevent market dominance abuses. This scrutiny comes amid additional regulatory challenges, including fines imposed on Credit Suisse by South Korea for illegal short selling practices.
By TLN Staff Writer
Finance
Nvidia has claimed the title of the world's most valuable company, surpassing tech giants Microsoft and Apple. This milestone, driven by Nvidia's pivotal role in the artificial intelligence (AI) sector, underscores the transformative impact of AI technology on the global market. The company's market capitalization now exceeds $3 trillion, a testament to its dominance and the surging demand for its advanced processors.
By TLN Stafff Writer
Finance
small-cap companies find themselves in a familiar precarious position, mirroring challenges faced during the 2008 financial crisis. With 42% of small-cap companies still grappling with unprofitability.
By TLN Stafff Writer
Finance
Monday, July 01, 2024
Super Micro Computer Inc. (SMCI) has experienced a remarkable 193% surge in its stock price in 2024, driven by its pivotal role in the AI infrastructure layer and its key supplier relationship with Nvidia.
By TLN Staff Writer
Monday, June 17, 2024
In a swift reversal of fortunes, Bitcoin has plummeted below the $70,000 mark. We delve into the critical economic factors and recent events that have pressured the leading cryptocurrency to retreat from its recent highs.
By TLN Stafff Writer
Wednesday, June 12, 2024
In a shift from its December 2023 forecast, the Federal Reserve has scaled back its monetary easing stance, signaling only one potential rate cut in 2024.
By Michael Kelly
Tuesday, June 11, 2024
FinanceReports of access problems and difficulties executing trades surfaced, with over 700 complaints logged on Downdetector.com. Schwab's mobile app was particularly affected, causing frustration among traders relying on real-time access.
By Michael Kelly
Business
Friday, June 07, 2024
FinanceTexas Capital Texas Equity Index (TXSE) aims to rival the likes of NYSE and Nasdaq by providing a localized, business-friendly environment tailored specifically to Texas-based companies. With its unique focus on the Lone Star State's economic strengths, TXSE is poised to attract a diverse array of businesses, from established giants in the oil and gas sector to high-growth tech startups.
By Michael Kelly
Business
Wednesday, June 05, 2024
FinanceBlackRock and Citadel are teaming up to launch the Texas Stock Exchange (TEX), poised to become a formidable competitor to the long-established Nasdaq and New York Stock Exchange (NYSE). TEX aims to leverage Texas's business-friendly climate and advanced technological infrastructure to offer a more efficient and cost-effective trading platform.
By Michael Kelly
Business
Wednesday, June 05, 2024
FinanceBitcoin has achieved a new all-time high, surging past the $70,000 mark for the first time in history.
By Michael Kelly
Business
Tuesday, June 04, 2024
FinanceThe Federal Deposit Insurance Corporation (FDIC) has reported that 63 banks are on the verge of collapse, collectively grappling with $517 billion in unrealized losses.
By Michael Kelly
Business
Monday, June 03, 2024
FinanceFast-fashion giant Shein, originally founded in China and now headquartered in Singapore, is considering a historic initial public offering (IPO) on the London Stock Exchange. This move comes after facing significant regulatory challenges in the United States, where lawmakers have raised concerns about the company's labor practices and transparency.
By Michael Kelly
Business
Monday, June 03, 2024
FinanceThe New York Stock Exchange (NYSE) is experiencing significant disruptions as multiple high-profile stocks crashed unexpectedly. This event led to substantial market volatility and immediate trading halts for the affected stocks.
By Michael Kelly
Business
Monday, June 03, 2024
FinanceBerkshire Hathaway's Class A shares ($BRK.A) nosedived by 99.97% due to a rogue algorithmic trade. The stock, which was trading at around $600,000, plummeted to just $175, triggering widespread panic and immediate regulatory intervention.
By Michael Kelly
Business
Thursday, May 30, 2024
FinanceThe Federal Reserve's latest report indicates modest economic growth although conditions varied across industries and regions. Despite widespread public concern about a recession, the Fed has not confirmed such a downturn.
By Michael Kelly
Business