Lyft stocks higher despite earnings report error
In a rollercoaster of events, Lyft shares were 20% higher in premarket trade Wednesday, retaining some gains after the company announced a major error in [more…]
Category: Investing & Markets
Nikkei hits 34-year high on strong corporate earnings and technology surge
In a remarkable rise, Japan’s Nikkei share average reached a fresh 34-year high on Tuesday, marking its highest level since January 1990. The index closed [more…]
Bitcoin price surges above $50,000, its highest level in over two years
Bitcoin, the world’s most famous cryptocurrency, is making headlines again, soaring past the $50,000 mark on Monday, its highest level in over two years. The [more…]
New Zealand’s bank chief slams stablecoins as unstable currency alternatives
In a refreshing departure from typical central bank rhetoric, Adrian Orr, the governor of the Central Bank of New Zealand, has taken a bold stance [more…]
Mexico surpasses China as top source of U.S. imports for first time in over two decades
The winds of trade are shifting, as Mexico emerges as the United States’ leading source of imported goods, surpassing China for the first time in [more…]
Hermès sets new price heights
Luxury fashion house Hermès has announced its plans to further increase prices after its stellar performance outpaced its competitors in the luxury goods sector at [more…]
Taylor Swift’s Tokyo shows estimated to boost Japan’s economy by $230 million
The economic impact of Taylor Swift’s four-day concert series in Tokyo, which kicked off on Wednesday, is estimated to reach around ¥34.1 billion ($230 million), [more…]
Hong Kong’s monetary authority moves to align banking institutions with Basel crypto standards
Hong Kong is gearing up to become a hub for virtual assets, as the city’s de facto central bank, the Hong Kong Monetary Authority (HKMA), [more…]
Snap shares plummet 30% after missing revenue estimates
Snap shares tumbled by 30% in Wednesday morning trading, following the release of the company’s fiscal fourth-quarter earnings report. The stock decline came after Snap [more…]
KfW Bank of Germany plans accelerated bookbuild to sell Deutsche Post shares
Germany’s state-owned KfW Bank has announced the launch of a placement of 50 million shares of its holding in Deutsche Post AG through an accelerated [more…]