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.
March 13, 2024 BY Elizabeth Anderson

Oracle shares making the most of surge in bookings

For its financial quarter ending 2024, the company reported total remaining performance obligations of $80bn instead of the predicted $59bn. This 29% all-time high increase strengthens Oracle’s global competitiveness. In its press statement, chief executive officer Safra Catz noted: We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our…

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March 12, 2024 BY Elizabeth Anderson

FCA Slaps Fine of Almost £900,000 on Embattled IFM

According to the financial watchdog, it banned Arthur Cobill, an IFM adviser, and William Hofstetter, an IFM director, from advising customers on pension transfers and opt-outs. Hofstetter was also prohibited from holding a senior position at any regulated financial company. Cobill agreed to pay £120,000 and Hofstetter £40,000 to compensate IFM’s customers. The regulator said…

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March 12, 2024 BY Elizabeth Anderson

Webull adds futures and commodities to its investment scope

Reportedly, only US investors can access the new features at present, but the company indicated plans to roll out its futures and commodities options across its global customer base. A Bloomberg report quoted Webull’s chief strategy officer and head of derivatives, Arianne Adams, who said: Understanding the significance of using futures is beneficial to all…

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March 11, 2024 BY Elizabeth Anderson

$100bn Trade Agreement to Boost India's Economy

This treaty will create one million direct jobs over the next 15 years to help address India's societal imbalance of wealth and poverty. In return, India committed to reducing import duties on products from the countries that form the European Free Trade Association (EFTA). AP reported this trade agreement covers 'goods and services, investment promotion…

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New York Community Bancorp
March 08, 2024 BY Elizabeth Anderson

NYCB gets $1bn capital backing

The bank announced on Wednesday, 6 March 2024 that former Whitehouse Comptroller of the Currency, Joseph Otting, is its new CEO. This appointment is part of a $1bn capital infusion from investors, which reportedly includes past Treasury Secretary Steven Mnuchin. High interest rates and a problematic commercial real estate (CRE) market are some of the…

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March 07, 2024 BY Elizabeth Anderson

US SEC Adopts New Rules Regarding Climate-control Disclosures

According to this financial watchdog, investors want more information about the economic impacts of climate-related risks in a business to make informed investment choices. At present, climate-impact disclosures are not mandatory, and companies volunteer this information in their filings. Don’t miss out the latest news, subscribe to LeapRate’s newsletter These climate disclosures come into effect…

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March 07, 2024 BY Elizabeth Anderson

OpenAI says Elon Musk backed its for-profit evolution

In a blog post on its website, the AI enterprise responded, saying that Musk, as one of its co-founders, supported a for-profit structure and even suggested a merger with Tesla, Inc. (TSLA). Musk alleges that OpenAI’s focus is on generating profits for its partners and major investor, Microsoft Corporation (MSFT). Musk claims that when he…

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March 06, 2024 BY Elizabeth Anderson

Suspected arson halts Tesla production at a plant in Germany

Known as Gigafactory Berlin-Brandenburg, Tesla applied to double its manufacturing capacity to 1 million electric vehicles (EVs) per year in July 2023. This plant reportedly rolled out 6,000 EVs per week just before it halted operations due to a component shortage in January 2024. At the time, plant director Andre Thierig said in a Tagesspiegel…

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