With smartphone theft on the rise across the UK, fintech and mobile security platform, Nuke From Orbit, is launching a nationwide campaign to combat this growing crisis. As smartphone theft in the UK has more than doubled to 78,000 incidents in the past year alone, Nuke From Orbit is teaming up with ethical hacker Nikhil Rane to arm […]
On Jan. 27, Nvidia (NVDA -3.67%) fell 17%, erasing over $590 billion from its market cap. It marked the greatest single-day market-cap destruction for a company in U.S. stock market history. While the growth stock recovered nearly half of those losses the following day, there are still lessons to be learned from this historic market […]
Costco is increasing its pay to more than $30 an hour for hundreds of thousands of workers, with clerks at the top of the retailer’s pay scale set to make almost $32 an hour in March. Costco — which employs 272,000 people across the United States and in Canada — says its workers will soon […]
Switzerland’s largest bank, UBS, is experimenting with blockchain technology to modernize digital gold investments for retail investors. The Union Bank of Switzerland (UBS), with over $5.7 trillion in assets under management, has completed a proof-of-concept for its fractional gold investment product, UBS Key4 Gold, on the Ethereum layer-2 (L2) network ZKsync Validium. By leveraging ZKsync, […]
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday. The personal consumption expenditures price index increased 2.6% on a year-over-year basis in December, 0.2 percentage point higher than the November reading and in line […]
It’s deja vu all over again in crypto after a hopeful report on a tariff delay was refuted by the White House. To review, President Trump on Thursday promised to impose 25% tariffs on Mexico and Canada beginning Saturday Feb. 1. Having rallied over $106,000 prior to that news, bitcoin (BTC) quickly reversed 2% lower […]
Apple’s overall revenue rose 4% in its first fiscal quarter, but it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported Thursday. But shares rose about 3% in extended trading after the company gave a forecast for the March quarter that suggested revenue growth. Here’s how Apple did versus […]
Lloyds Banking Group (LLOY.L), opens new tab will shut 136 branches in the United Kingdom to match customers’ transition to digital banking but will not cut jobs, the lender said on Wednesday. Lloyds shut several branches in the past few years across England and some in Wales, after the COVID-19 pandemic led consumers to switch […]
Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator’s financial technology products. The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq’s financial technology business rose nearly 9.8% […]
A decline in investor fears over DeepSeek’s low-cost AI subs drowned out Nvidia (NVDA, Financial) shares on Tuesday, which rebounded 9 percent after plummeting 16 percent on Monday. Such concerns about the Chinese AI startup’s efficiency breakthrough triggering a sell-off that erased nearly $600 billion in Nvidia’s market value were at the heart of the […]
Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S. business, which has slumped over the past year. “While we have room for improvement, we’re making progress as planned, and […]
The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a slice of the fast-growing business of managing money for the wealthy. The newcomers are aggressive, favoring in-your-face advertisements over partnerships with luxury brands or mingling at high-society events to identify […]
