Category: Forex

Google
July 31, 2024 BY Elizabeth Anderson

CMA Looking Into Alphabet’s Deal With Anthropic

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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McDonald's sign
July 30, 2024 BY Robert Bell

McDonald’s Suffers Falling Sales Numbers

A global drop in sales of 1% was recorded in the second quarter of 2024 compared to 2023’s numbers. Analysts had expected a 0.5% increase. Revenue grew by 1% overall in the quarter. Net profit dropped to $2.02bn, which is a fall of 12%. Meanwhile, its earnings per share declined by 6% to $2.97. Chief…

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Trading on a mobile
July 30, 2024 BY Elizabeth Anderson

CFTC Wins Case, Tinoco And Kikit & Mess Fined $31m

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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July 29, 2024 BY Robert Bell

UK Supermarkets in the Spotlight for Loyalty Prices

The watchdog will be focussing on the prices that are shown as “was” as “now”, suggesting that purchasers are getting a lower price than the regular cost of the item. This issue has arisen over concerns that customers may not get the savings advertising makes them believe they are. It’s the latest part of an…

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Stripe obtains $600M funding at $95B valuation
July 29, 2024 BY Elizabeth Anderson

Sage And Stripe Expand Deal To Boost SMB Financial Processes

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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July 29, 2024 BY Elizabeth Anderson

3M’s New CEO Behind 40-Year Stock High

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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July 26, 2024 BY Elizabeth Anderson

Riot Platforms Acquires Block Mining After Bitfarms Poison Pill

Based on the acquisition agreement, Block Mining can also earn up to $32.5m “through the execution of additional power purchase agreements to add additional power capacity”. In its press release, Riot Platforms stated that this acquisition increases its hash rate, geographic footprint and access to energy markets outside of ERCOT (the Electric Reliability Council of…

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July 26, 2024 BY Robert Bell

OpenAI Challenges Goggle with AI Search Engine

For the time being, it has been released as a prototype that will be available to a small group of users. This will allow the company to collect feedback as it carries on developing the software. The idea is that over time, it will become a new way to search the internet. The launch of…

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FSRA grants DEX regulatory approval in the Abu Dhabi Global Market
July 25, 2024 BY Robert Bell

Abu Dhabi Wealth Fund Invests $100m in UK Microchip Company

This investment has been made in the form of a loan that can be converted into equity in Imagination in the future. Imagination is owned by a private equity consortium with strong links to the Chinese government. Previously, Imagination was listed on the LSE under the IMG ticker; however, it was delisted in 2020 when…

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