Elizabeth Anderson
LeapRate Analyst

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading.
July 01, 2024 BY Elizabeth Anderson

SEC Gets Green Light To Proceed With Majority Of Its Binance Charges

Media reports indicated that the SEC charged Binance and Zhao, better known as ‘CZ’, for mismanaging customer funds, deceiving investors and regulators, and transgressing security regulations. The company, a leading crypto exchange, and its former CEO challenged the charges, asking for the case to be dismissed. The SEC initially filed 13 charges. Judge Amy Berman…

Read more
June 28, 2024 BY Elizabeth Anderson

Amazon Exploring Discount Store To Compete With Chinese Startups

Analysts opined that this invitation-only event is an attempt to combat the rising competition from Chinese online shopping startups such as Temu and Shein. Both of these companies have gained traction among US consumers with their low prices on clothes, gadgets and other merchandise. Earlier this week, we reported on Shein’s IPO filing with the…

Read more
June 28, 2024 BY Elizabeth Anderson

PBoC Warnings Fall On Deaf Ears As Bond Investments Continue To Rise

This investment action triggered another spike in the country’s treasury futures while causing the long-term yields to hover on the edge of historic lows. Media reports indicated that people are preferring to invest in fixed-income options because banks keep decreasing the interest earned on savings products. Don’t miss out the latest news, subscribe to LeapRate’s…

Read more
June 27, 2024 BY Elizabeth Anderson

Volkswagen’s $5bn Investment Gives Rivian Stock A Leg Up

Analysts reportedly regard this financing as an attempt to catch up with industry developments and predicted that it may be years before Volkswagen reaps the benefits. According to CNBC, the head of thematic intelligence at GlobalData, Cyrus Mewawalla, said: Volkswagen has fallen behind in two areas, on electric vehicles themselves, but also on autonomous driving…

Read more
Swiss National Bank
June 27, 2024 BY Elizabeth Anderson

SNB’s Vice Chair To Take The Wheel From Jordan

This move has been typed as a safe, in-house appointment and follows the SNB succession trends. Widely seen as Jordan’s personal successor choice, Schlegel will also become the head of Department I in Zurich. At age 47, he will be the second-youngest chairman in the history of this institution. The Swiss government also announced that…

Read more
June 26, 2024 BY Elizabeth Anderson

ATFX Executive Talks – Drew Niv

Interviewer: Hi Drew, thanks for joining us today. We're thrilled to have you on board at ATFX this year. As the Chief Strategy Officer at ATFX, could you share with us why you joined ATFX and some specific strategies or initiatives you plan to implement in your new role to drive the company's growth and…

Read more
FTX
June 26, 2024 BY Elizabeth Anderson

Customers Frown On FTX’s Payback Plan

With its collapse in November 2022, approximately 9 million FTX customers and investors suffered billions of dollars in losses. Since its bankruptcy filing, the company recovered roughly $16bn with which to repay the aggrieved customers. This includes $12bn in cash. Based on a Reuters report, FTX plans to ask US Bankruptcy Judge John Dorsey to…

Read more
June 26, 2024 BY Elizabeth Anderson

Fertoz Pays Out $37,560 For Greenwashing Infringements

The financial watchdog indicated that the company, which supplies regenerative phosphate and organic fertilisers in Australia and North America, issued deceptive statements regarding its reforestation initiative in the Philippines. According to the allegations, Fertoz, which is listed on the Australian Securities Exchange (ASX), included misleading eco-based statements in a presentation published on this index. The…

Read more
June 25, 2024 BY Elizabeth Anderson

CDK Cyber-Attack Hobbles Auto Dealers Across North America

Over 15,000 auto dealers across North America use the CDK software, and several were impacted by the hack. Among them is AutoNation, Inc. (AN), a US-based automotive retailer, which indicated that the breach and system downtime affected its business. Despite the disruption, the trader continued to sell, service and buy vehicles. Reuters quoted the company,…

Read more
June 25, 2024 BY Elizabeth Anderson

Shein Secretly Files For London IPO

Financial experts have found the timing of this IPO filing odd as the company is still waiting on approval from Chinese authorities. This potential listing could attain a value of roughly £50bn and would likely be one of the biggest in London in 10 years. The filing is an application and does not mean automatic…

Read more