Revolut, the global fintech, has been granted a UK trading licence by the Financial Conduct Authority (FCA), making the fintech an authorised investment firm with its Trading feature. Since 2019, Revolut has operated its Trading feature as an Appointed Representative with a Principal in the UK. This partnership allowed Revolut to offer an investment service through its […]
Comcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday. The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the people said. The new entity will be led by Mark Lazarus, the current […]
Nvidia (NVDA) stock rose nearly 5% on Tuesday, following bullish notes from Wall Street analysts citing strong chip demand ahead of its earnings report set for Wednesday afternoon. In a client note this week, Stifel analyst Ruben Roy raised his price target on Nvidia to $180 from $165, while Truist Securities’ William Stein raised his […]
Android users are becoming more and more keen on money management apps finds app growth solutions company, SplitMetrics in its latest analysis on the Google Play Store. Money management apps burst onto the scene in 2022 as rising inflation left many worried about their finances and looking to budget. The sector added a total of 896,000 users in 2022 […]
CNBC’s Jim Cramer made the case for owning Tesla stock, saying it’s worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. “While I don’t buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla,” he said. “The Musk premium […]
Cairo, Egypt – eNovate, formerly eCards, a subsidiary of eFinance Investment Group, has joined forces with Mastercard to bring Card-as-a-Service (CaaS) solution to the Egyptian market. The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services. The collaboration will see eNovate leverage Mastercard expertise in payment technology […]
Super Micro Computer (SMCI) said in a filing with the Securities and Exchange Commission late Monday that it has submitted a compliance plan to avoid delisting from the Nasdaq. The company said its compliance plan shows it is on track to submit delayed filings to the SEC “and become current with its periodic reports within […]
Financial advice can be a sensitive topic – those giving it don’t want to mislead customers, while customers are wary about the level of trust they can place in their advisers. Nonetheless, done correctly, investing can be a very beneficial way for someone to use their funds. This November we are exploring all the aspects of […]
The UK Fintech ecosystem has been ranked third in Q3 2024, despite decline in funding, according to an update from Tracxn. Fintech funding in countries across the globe continues to experience shifts in moment due to a wide range of factors including the rise of startups, the overall socioeconomic environment, government policies and regulations, as well […]
Stocks took a breather on Thursday (Nov. 14), but the general trend of the FinTech IPO Index was up and to the right. This week, as has been seen through the last several weeks, earnings continued to roll in, as buy now, pay later (BNPL) continued to make a splash. Sezzle continued its torrid post-earnings pace. […]
Asia-Pacific stocks mostly rose Monday as markets kickstarted what ING calls a “quiet” week for economic data from the region. Key data this week from Asia will include China’s loan prime rate, set to be released Wednesday. ING said no change is expected in China’s LPR, with the one-year rate currently at 3.1% and the […]
The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal […]
