A powerful U.S. national security panel reviewing Nippon Steel’s (5401.T), opens new tab $14.9 billion bid for U.S. Steel (X.N), opens new tab faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said. The Committee on Foreign Investment in the United States has […]
Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower inflation. Voters also see a greater likelihood that Vice President Kamala Harris will defeat former President Donald Trump in the upcoming November election. The University of Michigan’s latest consumer survey, released Friday, showed that Americans’ attitudes toward the […]
UAE digital asset users will be able to take advantage of international cross-border bank, Standard Chartered‘s digital asset custody service as it lands in the country. The service has been given the green light to operate in the Dubai International Financial Centre (DIFC) by the regulator, Dubai Financial Services Authority (DFSA). The announcement follows the memorandum of understanding (MoU) which was signed […]
Central bank digital currencies (CBDCs) have a lot of potential to uproot the cross-border payments market. The latest move by the National Bank of Ras Al Khaimah (RAKBANK) highlights this. RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. The cross-border payment was completed […]
Check out the companies making headlines in extended trading: Adobe — Shares plunged more than 10% after the software company issued soft guidance. Adobe issued a fiscal fourth-quarter revenue forecast in a range between $5.50 billion and $5.55 billion. Analysts polled by LSEG had estimated $5.61 billion in revenue. Guidance for adjusted earnings per share came in […]
Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday’s presidential debate between its majority shareholder, former President Donald Trump and Democratic Vice President Kamala Harris. The stock fell 3.6% over the day and closed at $16.07 per share — its lowest close since the company’s public trading debut on the Nasdaq in March. Shares of the Truth Social owner, […]
No more soup for the Campbell’s company. The 155-year-old Campbell Soup Company plans to drop “soup” from its corporate name, rebranding as The Campbell’s Company. More consumers are reaching for snacks and ditching ready-to-serve soups, and the company has bought up other food lines to grab them. In addition to its lineup of soups, Campbell […]
Solar and clean energy stocks rose Wednesday after Wall Street largely declared Vice President Kamala Harris the winner of the first and likely only debate before the November election. The Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) gained 6% and more than 3%, respectively. The benchmarks are down 24% and 7.7% this year as uncertainty […]
MoneyLion has teamed up with Nova Credit to integrate cash flow underwriting into its decisioning engine, enabling credit issuers on its platform to access more comprehensive data for evaluating consumers’ financial health. Nova Credit’s Cash Atlas™ platform will provide cash flow analytics to help lenders on MoneyLion’s platform assess credit risk by using consumer-permissioned bank […]
Wise Platform, the global payments infrastructure developed by Wise, has partnered with AbbeyCross to enhance the efficiency and transparency of international foreign exchange (FX) payments. AbbeyCross connects banks and money service businesses (MSBs) with multiple FX providers through a single platform, addressing the fragmentation and inefficiencies in cross-border payments. With Wise Platform joining the ABX Platform, users gain access […]
The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will release its consumer price index report for August. A day later, the BLS issues its producer price index report, […]
New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. ″… In some places — especially in the U.S. — we aren’t always delivering,” Niccol wrote in the open letter addressed to customers, […]
