To attract investors to this niche, apart from Bitcoin offers, Futu is reportedly rewarding users with tech stocks, which include shares of Alibaba Group Holding (BABA) and the Nasdaq’s top performer, Nvidia Corporation (NVDA). As of Thursday 1 August 2024, Futu users can trade in Bitcoin and Ether – the world’s front runners in the…
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This intercession is the latest in Japan’s efforts to throw a lifeline to the yen after it dropped to its lowest mark against the USD in 38 years. The Japanese Ministry of Finance published data on Wednesday 31 July 2024 showing that the government paid out 5.53tn JPY – the equivalent of roughly $36.8bn –…
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According to the terms of Paramount’s merger deal with Skydance Media, it has 45 days to consider other acquisition and merger deals. Based on Reuters data, Apex, a holding company and investor, indicated that it had made a bid for all the shares held by National Amusements, which has the majority stake in Paramount. This…
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During H1 2024, Spectrum recorded 1.2 million trades. Its order book turnover declined by 15%, coming in at €1.5bn as opposed to the €1.7bn reported in H1 2023. Spectrum maintained that it remains resilient and focused on strategic growth despite this drop. The platform expanded its product range with approximately 1,800 exchange-traded funds (ETFs). Investors…
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According to media reports, the competition watchdog wants to determine if the partnership resulted in a “relevant merger situation” and if this would cause “substantial lessening of competition”. The CMA indicated that it invited comments from interested parties before launching its investigation. According to CNBC, a spokesperson for Anthropic said that the company will cooperate…
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Based on Bloomberg data, the Stoxx Europe 600 Index was already 0.4% up when the clock struck 8:07am in London. Seventeen of its 20 industry groups were in the green at this time. The shares of Dutch medical equipment manufacturer Royal Philips (PHI1.HA) spiked by more than 9% after the company reported an increase in…
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In a press statement dated 26 July 2024, the CFTC said Tinoco and his company must “jointly and severally” pay restitution of more than $6.2m to 199 defrauded customers and just under $6.3m in disgorgement “with dollar-for-dollar credit for any restitution payments to victims”. The civil monetary penalty is more than $18.7m. The court also…
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In its press statement, Sage said that the Stripe deal will help its customers – “ranging from startups to enterprises” – to make and get payments faster. The company added that “millions” of businesses know and trust Stripe, and by harnessing this infrastructure, Sage can simplify and expedite cash flow processes. The fintech believes that…
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Based on Bloomberg data, Brown used his first earnings report to identify gaps and set future priorities. One of these goals aims to accelerate new developments to resuscitate the company’s portfolio. During 3M’s earnings call, he commented: There’s a lot of value that can be created from the raw materials that we have here. I’m…
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Media reports indicated that the Canadian stock market achieved a record high in July 2024 and has increased by 8% so far this year. Despite this uptrend, it could not keep pace with the S&P 500, which has gained almost 15% since the start of 2024. Don’t miss out the latest news, subscribe to LeapRate’s…
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