Stock market

JD Sports and Next Plc report robust growth amidst challenging retail sector
September 21, 2023 06:54 PM AEST| By InvestingJD (NASDAQ:JD) Sports Fashion Plc, a key player in the retail industry, has revealed a substantial revenue increase for the first half of the year. The company's primary division experienced a 27% gro

Exxon Mobil projects steady oil and gas demand despite rise in renewables
September 21, 2023 06:54 PM AEST| By InvestingExxon Mobil (NYSE:XOM), the multinational oil and gas corporation, recently unveiled its long-term forecast for the global energy market, predicting a sustained demand for oil and gas despite the anti

Apple's Taiwanese suppliers face another sales dip amid sluggish electronics demand
September 21, 2023 06:48 PM AEST| By InvestingTaiwanese suppliers for Apple Inc (NASDAQ:AAPL). are grappling with another month of significant sales decline, as the global electronics industry continues to face sluggish consumer demand. The lates

South Korean stocks hit month-low amid US Federal Reserve's hawkish stance
September 21, 2023 06:48 PM AEST| By InvestingThursday saw a significant downturn in the South Korean stock market, with the benchmark Korea Composite Stock Price Index (KOSPI) and the secondary KOSDAQ index both experiencing notable losses. The

Yen hits 10-month low against dollar amid Fed rate projections
September 21, 2023 06:46 PM AEST| By InvestingThe Japanese yen fell to a 10-month low against the U.S. dollar on Thursday, as the Federal Reserve's rate projections and the Bank of Japan's recent policy changes continue to influence global financ

House committee advances CBDC Anti-Surveillance State Act, Fed decision impacts crypto
September 21, 2023 06:42 PM AEST| By InvestingIn a significant development on Wednesday, the House Financial Services Committee advanced the CBDC Anti-Surveillance State Act. The Act, aimed at countering surveillance threats, necessitates Congres

South Korean traders drive IMX token value surge amid major crypto market dip
September 21, 2023 06:32 PM AEST| By InvestingOn Thursday, the native token of non-fungible tokens platform ImmutableX, known as IMX, experienced a significant surge in value, led by South Korean traders. CoinDesk data indicates a 35% rise to 74

Bitcoin's dominance rises with ETFs approvals and regulatory clarity
September 21, 2023 06:30 PM AEST| By InvestingBitcoin (BTC) has further solidified its position as the leading cryptocurrency, with its market dominance climbing to 50.2% as of Monday, September 18, 2023. This surge in dominance marks a significa

TRU and HDFC Bank form co-lending alliance to support underbanked MSMEs
September 21, 2023 06:28 PM AEST| By InvestingTruCap Finance Limited (TRU), a non-banking finance firm, and HDFC Bank have formed a co-lending alliance on Thursday, aiming to provide quality credit solutions to underbanked borrowers, primarily in

Indonesia's central bank stands firm on interest rates amid currency and inflation concerns
September 21, 2023 06:24 PM AEST| By InvestingThursday, Indonesia's central bank, Bank Indonesia, announced that it will maintain its benchmark seven-day reverse repo rate at 5.75%, a decision in line with the expectations of economists surveyed

Invesco strategist warns of recession risk despite Federal Reserve's optimistic outlook
September 21, 2023 06:22 PM AEST| By InvestingInvesco's Chief Fixed-Income Strategist and Head of Macro Research, Rob Waldner, voiced concerns late on Wednesday about the potential for a recession. This sentiment stands in stark contrast to the e

Former Millennium and Morgan Stanley executive raises $3 billion for new Asia-focused hedge fund
September 21, 2023 06:12 PM AEST| By InvestingKurt Baker, a former executive at Millennium Management and Morgan Stanley (NYSE:MS)'s Asia prime brokerage, is currently raising nearly $3 billion for a new hedge fund firm, 30th Century Partners. Th

Kurt Baker targets $3 billion for new hedge fund, 30th Century Partners
September 21, 2023 06:10 PM AEST| By InvestingKurt Baker, a veteran of the financial industry with notable stints at Millennium Management and Morgan Stanley (NYSE:MS), is reportedly in advanced negotiations to secure approximately $3 billion in

Kraft Heinz recalls 83,800 cases of cheese slices due to packaging defect
September 21, 2023 06:08 PM AEST| By InvestingKraft Heinz (NASDAQ:KHC) has initiated a voluntary recall of approximately 83,800 cases of individually-wrapped Kraft Singles American processed cheese slices on Wednesday, due to a packaging defect t

Oracle to roll out generative AI services on Fusion Cloud platform
September 21, 2023 06:08 PM AEST| By InvestingThe US technology company, Oracle (NYSE:ORCL) is set to introduce its first generative AI services on its Fusion Cloud platform within the next two quarters, as announced by Miranda Nash, group vice p

Ethereum eyes scalability solutions with Layer Two and rollups
September 21, 2023 06:06 PM AEST| By InvestingThe Ethereum blockchain, grappling with scalability issues, is eyeing Layer Two (L2) scaling solutions and rollups to enhance its capacity, speed, and efficiency. As the demand for blockchain technolo

Samsung Galaxy S22 makes first 5G satellite call via AST SpaceMobile's network
September 21, 2023 06:00 PM AEST| By InvestingTelecommunications firm AST SpaceMobile has achieved a significant milestone by successfully establishing the first-ever 5G connection for voice and data between a conventional smartphone and a satell

Central banks maintain rates, UK inflation slows to 18-month low
September 21, 2023 06:00 PM AEST| By InvestingIn a series of significant monetary policy decisions, the Bank of England and the Swiss National Bank held their benchmark rates steady on Thursday, September 21, 2023, following the US Federal Reserv

Vietnam's central bank examines interest rate cuts amid diverging expert forecasts
September 21, 2023 06:00 PM AEST| By InvestingThe State Bank of Vietnam (SBV) is considering further reductions in its policy interest rates to stimulate credit growth and bolster economic expansion, despite differing predictions from financial e

Big four banks grilled over regional branch closures in Australia
September 21, 2023 05:56 PM AEST| By InvestingThe big four Australian banks are facing increasing scrutiny over their decisions to close branches in rural and regional areas. The Senate inquiry on rural and regional branch closures, held on Thurs

Advertise your brand on Kalkine Media