According to Yahoo Finance, Donald Trump’s share in the company could reach more than $4bn. Trump Media & Technology merged with a blank check company, Digital World Acquisition Corp., (DWAC), before going public. Based on S&P Capital IQ information, this special purpose acquisition company (SPAC) has been trading since 2021 and lost approximately $41m in…
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This user engagement has created around a million financial plans, doubling those previously established in direct consultations with financial advisors. Kristin Lemkau, CEO of JPMorgan Wealth Management, emphasised the importance of planning in achieving personal financial goals, stating, "Planning helps people think about what they truly want in life. It's not just about wanting to…
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According to information from Reuters, the company foresees core profit growth (EBITDA) of roughly €207m (3.5%) and revenue increases of about €316m (3.8%). The organisation indicated that these increases include its traditional activities and diversified enterprises. Reuters cited Rai Way’s CEO, Roberto Cecatto, who said: We are striving for a Rai Way that … is…
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The spinoff from the main ULVR stock will cover the division, based in the Netherlands, that controls worldwide brands such as Ben & Jerry’s, Wall’s, and Magnum. They’ve recently hired major banks like JP Morgan and Morgan Stanley to gauge the level of interest in the market for this brand as they get set for…
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This solution, known as the connector, reportedly enables the seamless incorporation of the use of CBDCs into business practices. Thirty-eight institutions participated in the experiment, including central commercial banks and markets. These included global leaders such as Deutsche Bank, Société Générale, ANZ and Citibank. The outcomes showed the innovation simplifies and expedites trade flows, promotes…
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The Best-In-Class status for excellence was awarded to FP Markets in multiple prestigious categories at the Forexbrokers.com 2024 Awards on 23 January, marking an impressive series of consecutive accolades: Commissions and Fees (4th consecutive year) MetaTrader (4th consecutive year) Algo Trading (3rd consecutive year) The Best-In-Class awards highlight and further cement FP Markets' position as…
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The most important economic data for this week are: Thursday: US quarterly GDP growth rate on Thursday at 12:30pm GMT. Market participants are expecting the figure to come out at 3.2%, down from 4.9% in the previous quarter. This data might have already been priced in as it’s for the previous quarter, though any significant…
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Pending judicial approval, this agreement aims to settle allegations from legal action initiated in 2005. For years, retailers have voiced grievances against Visa and Mastercard, alleging that the credit card giants imposed excessive charges on interchange fees, also known as swipe fees, whenever consumers made purchases using credit or debit cards. Furthermore, the retailers contended…
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During its meeting on March 19-20, which saw the benchmark interest rate trimmed by 50 basis points to 10.75%, the central bank highlighted the crucial role of updated data in determining the final interest rate and its trajectory. The minutes revealed, "Particular emphasis was placed on the importance of fresh data in guiding the final…
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The five investigations concern potential breaches by Alphabet Inc’s (GOOG), which owns Google, Apple Inc. (AAPL), and Meta Platforms, Inc. (META). Instigating these probes only two weeks after the DMA’s deadline shows the European Union (EU) is taking the legislation and gatekeeper compliance seriously. The law came into effect on 7 March 2024. It requires…
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