JPMorgan is making a bold entry into Germany’s crowded digital banking sector, hoping its global brand and technology investments can help it break through fierce competition and regulatory hurdles. The US banking giant aims to launch its Chase digital retail bank in Germany by the second quarter of 2026, a…
Putting aside a two-day sell off as July passed into August, the US stock market managed to hold up pretty well through the late summer doldrums. All the US majors posted gains for August, with the S&P 500 celebrating the unofficial end of summer by crossing above 6,500 for the…
Shares of Salesforce slid nearly 7% in premarket trading on Thursday after the cloud software provider issued a softer-than-expected third-quarter revenue forecast, raising fresh concerns about when its large investments in artificial intelligence will start to deliver financial returns.The stock drop came despite stronger-than-expected second-quarter earnings and an expanded $20…
Wednesday saw developments across markets and geopolitics as US markets saw a mixed session, with most gains tied to Google and Alphabet. The US job openings fell to their lowest level in 10 months. Meanwhile, China projected military strength at a high-profile parade alongside Russian and North Korean leaders, highlighting…
JPMorgan analysts predict further increases in gold prices, which are already at record highs. This projection is attributed to growing expectations of rate cuts and concerns regarding the independence of the Federal Reserve, according to a Yahoo Finance report.On Wednesday, the price of gold reached unprecedented heights. Gold hits new heightsGold futures,…
The legal fight over tariffs in the United States is heading to the highest court, with President Donald Trump asking the Supreme Court to uphold his sweeping global levies. At stake are trillions of dollars in trade and the structure of US economic authority itself. The administration’s appeal follows a…
South Africa’s sugar farmers face a “double whammy” from cheap imports and US tariffs, which have been eating into their earnings. Nkosinathi Msweli’s sugarcane farm in KwaDukuza, a predominantly rural and impoverished region on South Africa’s eastern coast, has for three decades represented a consistent, albeit modest, economic achievement, providing employment…
Shares of American Eagle Outfitters jumped nearly 24% in premarket trading on Thursday after splashy celebrity campaigns featuring actor Sydney Sweeney and National Football League star Travis Kelce boosted demand for the apparel retailer’s jeans and fall collections.The surge marked one of the strongest single-session rallies in the company’s history,…
Against the backdrop of one of the most dramatic clashes in American economic history, President Donald Trump’s intensifying battle with the Federal Reserve has catapulted the century-old tussle for central bank independence into the national spotlight. Trump’s move to oust Fed Governor Lisa Cook — who is refusing to step…
A recent analysis of over a billion job postings by LightCast, a labour insight platform, has revealed a significant increase in the demand for artificial intelligence skills, with these roles also commanding higher average salaries.Although there are increasing concerns that artificial intelligence is displacing jobs, the outlook for the labour…