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.
February 07, 2024 BY Elizabeth Anderson

Novartis broadening horizons with bolt-on MorphoSys acquisition

This per-share takeover price is significantly higher than the German manufacturer’s going market performance. At the final bell on Monday, MorphoSys’s Nasdaq shares priced at $17.27. Bloomberg claimed that this acquisition was an attempt by Vasant Narasimhan, the Novartis CEO, to prove to investors that he could drive financial and organisational growth.  After disappointing financial…

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February 06, 2024 BY Elizabeth Anderson

Chinese regulator tries to placate investors as shares spiral

This notice attempted to appease individual investors amid the sell-off of property shares and reported state-sanctioned buying of national banks and other prominent stocks, which boosted the share price of these institutions. The CSRC claimed that it would stamp out share price manipulation and what it termed “malicious short selling”.   While technology stocks suffered, banks…

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February 05, 2024 BY Elizabeth Anderson

Drumroll signals a chunk out of Musk’s Tesla pay

This development puts Tesla on the back foot as the payment scheme was tailored to ensure Musk’s commitment to the company, despite his SpaceX and X ventures. In 2018, when this package was tabled, many regarded it as far-fetched. After the court decision, Musk took to his social media platform, X, and commented: Never incorporate…

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February 05, 2024 BY Elizabeth Anderson

Three out of seven a win – Amazon, Apple and Meta topping forecasts

Amazon’s Q4 revenue, which totalled $170bn, beat the expected $166.2bn by almost $4bn. Experts attributed the financial success of this company to the synergy between its diverse segments. The reported totals boosted investor confidence, and Amazon closed its Friday, 2 February 2024, trading up 7.87%.   Apple followed suit with its Q1 earnings and defied analyst…

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February 02, 2024 BY Elizabeth Anderson

Possible OPEC+ global oil supply cuts on the table for Q2 2024

The seven members are Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman. Officials, who wished to remain anonymous, indicated that additional limits will be considered in March. With a tempered oil price of around $80 per barrel, the surge in US shale production, and the Red Sea conflict endangering shipments, OPEC+ members find it…

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February 01, 2024 BY Elizabeth Anderson

Novo Nordisk smiling all the way to the bank

During the first three quarters of 2023, these medicines helped the pharmaceutics research and development outfit top the GDP of its homeland, Denmark. This performance also catapulted Novo Nordisk to the top spot among European companies.  Wegovy, the weight loss drug, raked in sales of $4.5bn, increasing the overall sales of this segment by 154%.…

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February 01, 2024 BY Elizabeth Anderson

Rising AI costs a stumbling block for big tech stock performance

Alphabet stocks took a 7.35% knock after publishing its leaner-than-expected festive advertising sales figures on Tuesday, 30 January. The tech giant also indicated that more money will go into boosting its AI leverage by investing in upscaled servers, for example.    Alphabet CEO Sundar Pichai tried to bolster investor confidence by saying: We are pleased with…

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January 31, 2024 BY Elizabeth Anderson

ChatGPT steps on toes of EU data privacy rules

Following the temporary ban on processing imposed on OpenAI by the Italian DPA on 30 March 2023, and based on the outcome of its fact-finding activity, the Italian DPA concluded that the available evidence pointed to the existence of breaches of the provisions contained in the EU GDPR. The machine-learning startup grabbed the November 2023 headlines when…

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