Uber (UBER) shares ticked higher on Friday after Tesla’s (TSLA) robotaxi event left investors largely disappointed. GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the competition between the two and why Uber benefitted from the event. “Both Tesla stock and Uber reacted the way you would have expected given the […]
The CEO of Boeing told employees late Friday that the company plans to cut 10% of its total staff “over the coming months.” “Our business is in a difficult position, and it is hard to overstate the challenges we face together,” said Kelly Ortberg, who started at CEO of the troubled aircraft maker two months […]
Tesla (TSLA.O), opens new tab CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from low-priced mass-market cars to robotic vehicles. At a glitzy unveiling, Musk reached the stage in a “Cybercab” to be produced […]
If you’ve had any experience with TikTok in the last few years, you’ve likely become familiar with the app’s e-commerce offerings. The video-sharing site has pushed its shop feature to its users in a variety of ways, through user videos, discounts, and ads. Now, Storfund, a UK-based fintech, is partnering with TikTok Shop to introduce […]
Stock futures were little changed on Friday morning, as investors looked ahead to a wholesale inflation reading and quarterly results from major banks. Futures tied to the S&P 500 inched lower by 0.04%, while Nasdaq 100 futures ticked down by 0.1%. Futures linked to the Dow Jones Industrial Average stood 25 points lower. The action follows a losing day for the […]
Remittances act as a lifeline in developing markets where access to finance is limited. As a result, many organisations are looking to make sending and receiving money from abroad as simple and convenient as possible. The latest to do so are Paysend, the UK payment ecosystem, and Mastercard, the global payments processor. In their new partnership, […]
In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital. During an unveiling at Fintech Forward 2024, an industry fintech event held in Riyadh, Saudi Arabia, the […]
Open banking technology provider, Ozone API, has provided an updated UK open banking model bank for Open Banking Limited (OBL), the implementation entity tasked with building the UK’s open banking standard to drive competition, innovation and transparency in UK retail banking. Ozone API explained that by updating the model bank, it is supporting the rollout of the latest […]
UK pharmaceutical giant GSK says it will pay as much as $2.2bn (£1.68bn) to settle thousands of cases in US courts over claims that a discontinued version of its heartburn drug Zantac caused cancer. The firm announced that it had reached agreements with 10 law firms who represent around 80,000 claimants. The settlements account for […]
Wall Street stocks advanced on Wednesday with the S&P 500 and the Dow scoring record closing highs after the release of Federal Reserve meeting minutes and ahead of September inflation data and the earnings season. Shares in market heavyweight Alphabet (GOOGL.O), opens new tab pared losses to finish down 1.5% after the U.S. Department of Justice said […]
The Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy. The remedies necessary to “prevent and restrain monopoly maintenance could include contract requirements and prohibitions; non-discrimination product requirements; data and interoperability requirements; and structural requirements,” […]
Boeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense at this point.” The machinists walked off the job on Sept. 13 after overwhelmingly rejecting a tentative labor deal, halting production of most of Boeing’s aircraft, which are made in the Puget Sound […]
