FINANCE

In the Finance category, you can find the latest news, reports, research and articles on the finance industry.

4 December, 2023 - 12:49 pm (12 hours ago)

FINANCE

Tokyo Exchange spurs corporate strategy shifts

The Tokyo Stock Exchange’s push for improved capital efficiency is prompting significant strategic shifts among Japanese companies, as highlighted by Mizuho Financial Group’s trust banking chief, Kei Umeda. In anticipation of the

FINANCE·STARTUPS

Kognitos Raises $20 Million in Series A Funding

Kognitos Inc., a startup revolutionizing task automation, recently completed a successful Series A funding round, raising $20 million. Led by Khosla Ventures, this round saw participation from Clear Ventures, Engineering Capital, and Wipro Ventures. The infusion boosts Kognitos’ funding to

1 December, 2023 - 7:43 pm (3 days ago)

Okta’s shares fell by 2.3%

Cybersecurity·FINANCE

Okta Inc., a leading provider of cloud-based identity verification solutions, is navigating a complex period marked by both a cybersecurity breach expansion and financial

Synopsys has firmly positioned itself for 2024, outperforming market expectations

AI·FINANCE

Synopsys Inc., a trailblazer in electronic design automation, has outshined market expectations with record-breaking quarterly and annual revenues, coupled with innovative strides in AI

GM plans to cut spending on Cruise by “hundreds of millions of dollars” by 2024

30 November, 2023 - 12:04 pm (5 days ago)

BUSINESS·FINANCE

General Motors (GM) has announced a strategic shift in its approach to Cruise, the company’s self-driving vehicle subsidiary. In a move to prioritize safety and financial sustainability, GM plans to significantly reduce

Prosus NV drastically lowered the valuation of Byju’s

29 November, 2023 - 8:02 pm (5 days ago)

FINANCE·STARTUPS

In a series of recent developments, Prosus NV, a major European technology investor, has drastically reduced the valuation of Byju’s, once a titan in the edtech sector. This marks a significant downturn

CrowdStrike shares fell slightly in after-hours trading

29 November, 2023 - 1:10 pm (5 days ago)

FINANCE·Cybersecurity

In a surprising twist, shares of CrowdStrike Holdings Inc., a leader in the cybersecurity sector, experienced a slight dip in after-hours trading, despite outperforming in its third-quarter earnings and projecting an optimistic

Apple ends partnership with Goldman Sachs

29 November, 2023 - 1:08 pm (6 days ago)

BUSINESS·FINANCE

In a significant turn of events, Apple is set to discontinue its partnership with Goldman Sachs, a collaboration that commenced in 2019 with the launch of the Apple Card. This decision, as

Australia is preparing to integrate digital payment services into its existing financial regulatory framework

28 November, 2023 - 2:05 pm (6 days ago)

BUSINESS·FINANCE

In a groundbreaking move, Australia is poised to integrate digital payment services such as Apple Pay and Google Pay into its existing financial regulatory framework. This shift marks a significant evolution in

Beijing police investigate Zhongzhi on suspicion of illegal activities

27 November, 2023 - 11:55 am (8 days ago)

FINANCE

Beijing police are investigating Zhongzhi Enterprise Group, a leading wealth manager in China, for suspected illegal activities. This development follows Zhongzhi’s alarming admission of severe insolvency, with liabilities reaching up to $64

The Central Bank of Turkey raised its key interest rate significantly to 40%

24 November, 2023 - 6:06 pm (10 days ago)

FINANCE

Turkey’s central bank has significantly increased its key interest rate to 40%, aiming to address the country’s soaring inflation, which reached 61.36% in October and is expected to peak at around 70-75%

Nissan announces investment in excess of 1 billion pounds

24 November, 2023 - 1:33 pm (10 days ago)

FINANCE

Nissan has announced a significant investment exceeding 1 billion pounds ($1.3 billion) to modernize its Sunderland factory in northeast England. This move is aimed at producing electric versions of its top-selling models,

Warren Buffett donates over $870 million to four family foundations

23 November, 2023 - 1:13 pm (11 days ago)

FINANCE

In a remarkable act of generosity, Warren Buffett, the renowned investor, has once again shown his commitment to philanthropy by donating over $870 million in Berkshire Hathaway stock to four family foundations.

HP unveils plans to deliver AI-powered PCs in the second half of 2024

22 November, 2023 - 5:04 pm (12 days ago)

AI·FINANCE

In a recent financial update, HP Inc. revealed its plans to introduce AI-powered PCs in the second half of 2024, alongside a report of mixed fiscal results. The company’s fiscal fourth-quarter earnings

Nvidia beats Wall Street’s expectations despite challenges

22 November, 2023 - 12:47 pm (13 days ago)

FINANCE

Nvidia Corporation, a leading artificial intelligence chipmaker, has reported impressive financial results, surpassing Wall Street‘s expectations despite upcoming challenges due to new export restrictions. Earnings and Revenue Surge Record-Setting Performance: Nvidia’s earnings

Canadian Finance Minister Chrystia Freeland is preparing to release a mid-year fiscal update

21 November, 2023 - 10:22 pm (13 days ago)

FINANCE·BUSINESS

In a bold move to address the nation’s economic challenges and housing crisis, Canada’s Finance Minister Chrystia Freeland is set to unveil a comprehensive midyear fiscal update. This update, eagerly anticipated, is

McDonald’s is preparing to buy minority shares of Carlyle Group

21 November, 2023 - 8:36 pm (13 days ago)

FINANCE

In a strategic move, McDonald’s is set to increase its stake in its China business from 20% to 48%, acquiring Carlyle Group’s minority share. This transaction marks a significant shift from the

Mastercard collaborates with Feedzai to prevent fraud

21 November, 2023 - 1:12 pm (13 days ago)

FINANCE

In a groundbreaking move, Mastercard has teamed up with Feedzai, a regulatory technology platform known for using artificial intelligence to combat online financial scams and money laundering. This collaboration aims to significantly

The Julius Baer Group is going through a difficult financial period

20 November, 2023 - 2:02 pm (14 days ago)

FINANCE

Julius Baer Group Ltd., the renowned Swiss bank, is navigating through a challenging financial period marked by significant loan provisions and a decline in expected profits for the full year of 2023.

The GAP presented a highly complex financial landscape

17 November, 2023 - 9:58 pm (17 days ago)

FINANCE

Gap‘s performance in the recent quarter showcased a complex landscape for the iconic apparel retailer. Despite surpassing Wall Street‘s expectations with better-than-anticipated earnings and same-store sales, the company faces challenges ahead, particularly

Allegations of Warren Buffett’s personal stock trades are on the agenda

17 November, 2023 - 2:03 pm (17 days ago)

FINANCE

Recent reports have shed light on Warren Buffett’s alleged personal stock trades that align with Berkshire Hathaway’s transactions, stirring an ethical debate. Charlie Munger, Berkshire Hathaway’s Vice Chairman, fervently defended Buffett against

Citigroup Prepares for Layoffs

16 November, 2023 - 1:50 pm (18 days ago)

FINANCE

Citigroup, a dominant force in the global banking sector, is undergoing a significant transformation under the leadership of CEO Jane Fraser. This strategic shift, aimed at revitalizing the bank’s performance and structure,

Retail Sales in China Increased by 7.6% Yoy, Exceeding the Growth Forecast of 7%

15 November, 2023 - 2:11 pm (19 days ago)

FINANCE

In a surprising turn of events, China’s economic landscape in October showcased a complex mix of rising retail sales and industrial output amidst a continuing real estate sector downturn. Contrary to expectations,

Zelle to Reimburse Victims of Imposter Scam

14 November, 2023 - 9:44 am (21 days ago)

FINANCE

In a remarkable policy shift, Zelle, the popular payment processing platform, has begun reimbursing victims of imposter scams. This significant change, effective from June 30 this year, marks a departure from the

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