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Category: Finance News

Wise shares spike 18% as higher interest rates help fintech triple profits

Wise said in a statement to the stock market that its profit before tax nearly tripled to £146.5 million ($186.5 million).

Published 27 June 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Walgreens, Kellogg, Eli Lilly, Delta and more

These are the stocks posting the largest moves in the premarket.

Published 27 June 2023
Categorised as Finance News

A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.

Published 27 June 2023
Categorised as Finance News

Markets are pricing in rate cuts too soon, IMF’s Gopinath says

Major central banks will have to hold rates high for much longer than some investors expect, the IMF’s Gita Gopinath told CNBC Tuesday.

Published 27 June 2023
Categorised as Finance News

Malaysia’s sovereign wealth fund seeks greater portfolio resilience in volatile markets

Khazanah invested more than half its portfolio in public markets in 2022 and more than doubled its net profit last year compared to the year before.

Published 27 June 2023
Categorised as Finance News

China is still on track to hit its growth target, Premier Li Qiang says

Chinese Premier Li Qiang said Tuesday his country was still on track to reach its annual growth target of around 5%.

Published 27 June 2023
Categorised as Finance News

Uber stock hits highest level since 2022. Here’s why the pros own it

Pros on CNBC discuss Uber after Bernstein raised its price target and reiterated the stock as outperform.

Published 26 June 2023
Categorised as Finance News

‘Enormously costly’ business loan fraud drove home price inflation in certain markets, research suggests

Covid-19-era PPP loan fraud may have contributed to home price inflation in certain U.S. markets, research suggests.

Published 26 June 2023
Categorised as Finance News

Publishers Clearing House to refund customers $18.5 million in FTC settlement for ‘deceptive’ practices

Publishers Clearing House used so-called dark patterns to deceive consumers, the Federal Trade Commission said.

Published 26 June 2023
Categorised as Finance News

Stocks making the biggest moves midday: Pfizer, Lucid, WSFS Financial and more

These are the stocks posting the largest moves in midday trading.

Published 26 June 2023
Categorised as Finance News

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