In the same breath, AMD predicted ending the year on a strong financial note as it plans to launch AI chips that are on par with the current Nvidia offerings. CEO Lisa Su indicated that the company aims to boost the manufacture of the artificial intelligence M1300 semiconductors, one of its flagship products, in the…
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According to currency analyst Luca Santos at ACY Securities, the CPI forecasts predict an inflation decline to 3.25% by the fourth quarter of 2024. A reduction would ensure the decreased inflation target for the further quarter of 2025 is met. Although the change is barely discernible, it implies that the RBA and other financial authorities…
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Its reports indicated a 19% increase in year-over-year (YoY) client accounts, which came in at 2.33m. Despite only boasting a 2% rise compared to the month-over-month (MoM) picture, the broker’s YoY increases are notable. Its Daily Average Revenue Trades (DARTs) increased by 9% to 1.991m. Cleared DARTs per account came in at a 193 annualised…
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Turner’s focus will be continuing the growth momentum and strategic efforts of CAPEX.com in the UAE offices and established and emerging markets. The company’s goals include: Forming close bonds with stakeholders, partners and clients. Improving multi-asset trading opportunities. Generating greater revenue across the Middle East and Africa. In the company’s press release, Turner commented, “I…
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This draft proposal puts forth ways to honour customer claims as of the official FTX bankruptcy date. Court documents indicate the plan suggests the sale of assets attached to different aspects of the business to affect repayments. Restarting an offshore exchange is also not off the table. The draft references three recovery pools for creditor…
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On his website, Heart, also known as Richard Scheuler, proclaims himself as a kind of modern-age guru, with his products holding the answer to all political, economic, and social issues. He stated that: “I receive sincere thanks from multiple people every day for changing their life meaningfully. I’ve gotten thousands of people to stop gambling,…
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The social trading platform conducted a study of 10,000 retail investors in 13 countries to gauge the receptiveness of applying evolving technological trends in investment decisions. The gathered data reflected that 35% of these were willing to use technology to inform trading choices, while 40% firmly rejected the notion. Interestingly, the 19% open to the…
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Co-founded by Open AI’s CEO, Sam Altman, this initiative aims to protect economic privacy while defining humans from AI entities. All people can get WLD – all they have to do is visit orbs presently located in certain cities throughout the world, identify themselves and scan their irises to verify personhood. By doing this, a…
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The Consumer Duty rules relate to four consumer-focused outcomes, these being: Products and services. Price and value. Consumer understanding. Consumer support. In May 2023, the FCA’s financial lives survey found that 14% of UK adults who held one or more financial products had unsuccessfully attempted to contact their financial service provider. The 7% of adults…
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How do liquidity providers work? Liquidity providers generally fall under two classifications – the very large financial institutions that are the predominant sources of liquidity and the second-tiered players that package the offerings from the players in the top tier, acting as an intermediary for traders and offering additional tools for managing risk and other…
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