Santander has announced plans to close nearly a fifth of its UK branches as part of a broader network overhaul, putting 750 jobs at risk. The retail bank will shut 95 out of its 444 high street outlets by June and will also reduce services or hours at over 50…
Turkey’s financial markets were thrown into turmoil on Wednesday following the arrest of Istanbul’s mayor, Ekrem Imamoglu, a leading opponent of President Recep Tayyip Erdogan. The lira plunged more than 10% to record lows before recovering slightly, and the benchmark Borsa Istanbul 100 Index fell 6%, while banking stocks slumped…
The sell-off in big tech stocks has deepened. The “Magnificent 7” stocks, which drove much of the US market rally over the past two years, are now dragging the major indices lower.The group, which includes Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, and Tesla, is on track for its worst quarter…
The leader of Japan’s gas industry association stated on Wednesday that while increased imports of liquefied natural gas (LNG) from the United States would undoubtedly bolster Japan’s energy security and supply stability, it is imperative that these imports are conducted in a way that is mutually beneficial for both countries. US…
Famed investor Jim Cramer remains bullish on US stocks even though they’ve had a rough few weeks due to fears that Trump tariffs will lead to a recession by the end of 2025.While the Investing Club portfolio currently owns a total of 32 companies, the Mad Money host dubbed five…
Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing projections and indicating a drastic change in the financial view. According to a Reuters report, this spike is attributed to the expiration of a sales tax deduction mid-month, contributing to elevated pricing in various industries. The inflationary rise occurs…
Russian President Vladimir Putin has agreed to a 30-day halt on attacks targeting Ukraine’s energy infrastructure following a phone call with US President Donald Trump, marking a significant shift in the ongoing conflict. However, Putin stopped short of accepting a broader ceasefire, with the Kremlin emphasizing concerns that Ukraine could…
Nvidia (NVDA) shares fell 2.4% on Tuesday after CEO Jensen Huang addressed growing concerns about overspending in the AI sector while reaffirming the company’s strong position in chipmaking. Speaking at Nvidia’s annual software developer conference, Huang defended the company’s leadership in AI processors as competition intensifies, particularly from China’s DeepSeek,…
Trump tariffs and the related fears of an economic slowdown ahead are broadly expected to serve as headwinds for the US bank stocks in 2025.Still, one of them, Citigroup Inc (NYSE: C), is worth buying on the recent weakness, according to Wells Fargo analyst Mike Mayo.Mayo expects Citi stock to…
Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, has signaled that comprehensive stablecoin legislation is imminent, with finalization expected in the coming months.Speaking at the Digital Asset Summit in New York on March 18, Hines emphasized the urgency of maintaining the US dollar’s dominance in…