British employers have not made any changes in pay increases in response to rising costs and an impending hike in payroll taxes, bringing wage growth back in line with inflation for the first time since October 2023.Data from human resources firm Brightmine shows that the median pay award remained at…
Global investors have been pulling money out of India’s stock market at an unprecedented rate, redirecting funds towards Chinese equities in a significant shift in investment trends. Over the past six months, foreign investors have withdrawn nearly $29 billion from Indian equities, marking the highest outflow recorded in any similar…
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…
Nio stock price has done well in the past few days as investors remain optimistic about Chinese companies. It rose to a high of $5 on Monday, and $5.45 after the company reached a battery swap deal with CATL. The surge happened a few days ahead of Nio’s financial results.Analyst…
Nike stock price remains in a deep bear market ahead of the upcoming earnings. NKE has plunged to $73.70, down by over 56% from its highest point in November 2021. This crash has lowered its market cap from $300 billion to $109 billion, almost $200 billion wipeout.Nike stock price has…
In recent months, the heightened demand for safe haven assets has been a key bullish driver for gold and its derivatives. Investors are increasingly rushing to hedge their wealth against risks in the form of geopolitical risks, economic uncertainties, and jitters over Trump’s tariffs. Besides, the US dollar remains on a…
Crypto prices were relatively mixed on Wednesday morning as investors waited for the Federal Reserve interest rate decision. Bitcoin remained above $80,000, while the total market cap of all coins fell to $2.7 trillion. The crypto fear and greed index rose to the fear zone of 21, much higher than…
Warby Parker (WRBY) stock price has suffered a harsh reversal as investors assess its tariff risks and the recently announced deal with Target. WRBY initially soared to a high of $28.70 earlier this year, and has erased most of those gains after falling by 40% to the current $17.8. It…
The FTSE 100 index has done well this year as it jumped to a record high of £8,910 this month. It has jumped by almost 80% from its lowest level during the pandemic as most constituent companies thrived. The Footsie will be in the spotlight in the next two days as…