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Financial News Around the World

Founders of Wise and Skype raise $436 million to build tech giants in Europe

Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.

Published 23 January 2024
Categorised as Finance News

World’s largest hedge funds record bumper year of profits, research shows

The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday.

Published 23 January 2024
Categorised as Finance News

‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence

The world’s second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.

Published 22 January 2024
Categorised as Finance News

Watchdog report is critical of former Fed officials in stock trading controversy

A review into market trading from two former high-ranking officials criticizes their actions but does not accuse either of doing anything illegal.

Published 22 January 2024
Categorised as Finance News

Stocks making the biggest moves midday: Vita Coco, Archer-Daniels-Midland, Gilead Sciences and more

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

Published 22 January 2024
Categorised as Finance News

Why that ‘last mile’ of the inflation fight may be more challenging

The final stretch of disinflation before hitting the Federal Reserve’s 2% target may not be so easy, some economists believe.

Published 22 January 2024
Categorised as Finance News

The world will have its first trillionaire within a decade, but poverty won’t be eradicated for another 229 years, report finds

In the last three years, the population of the super wealthy has skyrocketed in the U.S. and around the world.

Published 22 January 2024
Categorised as Finance News

Trump’s proposed 10% tariff plan would ‘shake up every asset class,’ strategist says

Donald Trump’s proposed 10% tariff increase on all U.S. imports “shakes up every asset class,” according to Rabobank’s Michael Every.

Published 22 January 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Macy’s, Boeing, Archer-Daniels-Midland and more

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

Published 22 January 2024
Categorised as Finance News

No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming

The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable growth, according to Citi’s Steven Wieting.

Published 22 January 2024
Categorised as Finance News

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