Archives

Emerging markets in Turkey, Egypt, and Nigeria experienced a surge following favourable adjustments in their credit ratings and economic outlooks, signalling increased investor confidence and potential economic stability in these regions. Turkey’s credit upgrade fuels optimism Turkey’s financial market showed positive movement after S&P Global Ratings upgraded the country’s sovereign credit rating. The upgrade was […]

• May 06, 2024 06:49 AM PDT
• Invezz

The US Securities and Exchange Commission (SEC) has issued a Wells Notice against Robinhood, targeting the publicly-traded company’s crypto business. The regulatory news saw Robinhood’s share price fall by about 2.2% in pre-market trading. The Robinhood stock price was at $17.95 at 9:20 am ET on Monday.  SEC’s notice to Robinhood Crypto According to the […]

• May 06, 2024 06:46 AM PDT
• Invezz

Heineken has announced a substantial £39 million investment plan to refurbish and reopen numerous pubs across the UK under its Star Pubs & Bars chain, signaling a robust revival in the sector and the creation of more than 1,000 new jobs. Heineken’s refurbishments to revive local pubs As part of its commitment to rejuvenate its […]

• May 06, 2024 06:38 AM PDT
• Invezz

It is earnings season currently, and companies across the board are showing results dampened by the fact that inflation is still stickier in the US, with the prospect of interest rate cuts receding further with every month’s data. Alcohol brands are known to be resilient, ‘defensive’ stocks, even in challenging environments with high inflation and […]

• May 06, 2024 06:37 AM PDT
• Invezz

It is earnings season currently, and companies across the board are showing results dampened by the fact that inflation is still stickier in the US, with the prospect of interest rate cuts receding further with every month’s data. Alcohol brands are known to be resilient, ‘defensive’ stocks, even in challenging environments with high inflation and […]

• May 06, 2024 06:37 AM PDT
• Invezz

Iovance Biotherapeutics (NASDAQ: IOVA) stock price has rebounded sharply in the past few days as traders wait for the upcoming financial results. It rose by almost 6% on Friday and by over 3% on Monday. It has jumped to $14, almost 28% above its lowest point in April. Iovance earnings ahead Iovance Biotherapeutics has been […]

• May 06, 2024 06:28 AM PDT
• Invezz

Energy conglomerate Shell is currently negotiating the sale of its extensive gas station network in Malaysia to Saudi Arabia’s state-owned oil company, Saudi Aramco, in a deal that industry insiders estimate could reach $1 billion, Reuters reported. Strategic divestiture amid global refocusing Shell, headquartered in London, operates around 950 fuel stations in Malaysia, making it […]

• May 06, 2024 06:27 AM PDT
• Invezz

GameStop Corp (NASDAQ: GME) has gained more than 50% in recent weeks but the gain is far from sustainable, as per a Wedbush Securities analyst. GameStop stock could crash to $5.0 Michael Pachter continues to rate the video game merchandise retail company at “underperform”. His $5.0 price objective suggests about a 60% downside from here. […]

• May 06, 2024 06:24 AM PDT
• Invezz

Hong Kong’s introduction of spot Bitcoin exchange-traded funds (ETFs) has marked a significant milestone, amassing $230 million in assets under management (AUM) in just their first week, surpassing their futures counterparts and reflecting a broader global trend towards cryptocurrency acceptance. Rapid accumulation of assets under management The Hong Kong Stock Exchange data revealed that the […]

• May 06, 2024 06:17 AM PDT
• Invezz

In a significant legislative update, South Korea has revised its Donation Act for the first time since 2006, broadening the scope of acceptable donation assets but notably excluding cryptocurrencies like Bitcoin. Expanded donation options embrace technology The Ministry of the Interior and Safety, which is overseeing the amendments to the Enforcement Decree of the Act […]

• May 06, 2024 06:04 AM PDT
• Invezz