The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets stole the show with significant surges over the past week, Arbitrum (ARB) was among the top performers, outshining Bitcoin’s 6.35% weekly gain with a 20% increase on its seven-day chart. …
The global financial landscape is undergoing a seismic shift, with traditional powerhouses such as London, New York, and Hong Kong facing mounting challenges. A recent report by the Global Financial Centres Index (GFCI), established by Long Finance, reveals that these long-standing financial hubs are seeing their influence wane, while emerging…
The Organisation for Economic Co-operation and Development (OECD) marginally increased its global growth outlook for 2024 in light of expected improvement in real incomes due to falling inflation and a more accommodative monetary policy in many economies. The grouping, in its increased ‘Interim Economic Outlook’ released on Tuesday increased its…
Brazil has reported a significant current account deficit (CAD) of BRL 6.6 billion for August 2024, a sharp increase from the BRL 1 billion deficit recorded in the same month last year. The latest figure has exceeded market expectations, which had forecast a deficit of BRL 5.1 billion. This marks…
In a decisive move to stimulate the economy, the Swiss National Bank (SNB) has announced a reduction of its key interest rate by 25 basis points, bringing it down to 1.0%. This marks the third cut in 2024 and aligns with broader trends observed in major Western economies, as central…
Southwest Airlines Co (NYSE: LUV) is in focus this morning after announcing plans of shrinking its service to and from Atlanta. The move will enable the air carrier to lower costs as it cuts as many as 200 flight attendants and 140 pilots in the capital of Georgia next year.…
Ayesha Ofori, a former wealth advisor at Goldman Sachs, is taking significant steps to address the gender investment gap in the United Kingdom, which currently stands at a staggering £567 billion ($759 billion). On Wednesday, she unveiled Propelle, an innovative app-based investment platform designed specifically to empower women to invest…
Brazil has reported a significant current account deficit (CAD) of BRL 6.6 billion for August 2024, a sharp increase from the BRL 1 billion deficit recorded in the same month last year. The latest figure has exceeded market expectations, which had forecast a deficit of BRL 5.1 billion. This marks…
Vistra Corp (NYSE: VST), a Texas-based retail electricity and power generation company, has become the best-performing stock of 2024, surpassing even tech giant Nvidia Corp (NASDAQ: NVDA). Over the past two weeks, Vistra shares have surged by 200% year-to-date, outpacing Nvidia’s 150% gain and catching the attention of Wall Street…
Petter Olsen, the Norwegian shipping heir and art enthusiast, is selling his extensive collection of Edvard Munch artworks following his recent bankruptcy. Leif Petter Madsen, the head of Olsen’s bankruptcy estate said Olsen, heir to shipping magnate Thomas Olsen, owes creditors about 780 million kroner ($75 million) and is selling…