Nvidia (NVDA) reported third quarter earnings after the bell on Wednesday that topped expectations on the strength of sales of its high-powered AI chips fueling what its CEO Jensen Huang called the “age of AI.” The world’s largest publicly traded company by market cap, Nvidia reported earnings per share (EPS) of $0.81 on revenue of […]
The attorney general for the District of Columbia is suing instant payday loan fintech Earnin for “deceptively marketing and providing illegal high-interest loans,” the AG alleges. Earnin allows its users to get loans against paychecks. It advertises that users can get $150 a day, up to $750 per pay period, with “no interest, credit check or ‘mandatory’ […]
Gautam Adani, chair of India’s Adani Group and one of the world’s richest people, was indicted with seven other men in New York federal court on charges related to a massive bribery and fraud scheme, authorities said Wednesday. Adani and several other other defendants are accused in the indictment of having paid Indian government officials more than […]
Brazilian financial-technology company Nu Holdings Ltd. is considering plans to shift its legal base to the UK, in a move that would mark a major win in Britain’s push to encourage more tech companies to move to the country. The digital challenger bank has been working with the British government on the plans, which were […]
Financial advice can be a sensitive topic – those giving it don’t want to mislead customers, while customers are wary about the level of trust they can place in their advisers. Nonetheless, done correctly, investing can be a very beneficial way for someone to use their funds. This November we are exploring all the aspects of […]
Cairo, Egypt – eNovate, formerly eCards, a subsidiary of eFinance Investment Group, has joined forces with Mastercard to bring Card-as-a-Service (CaaS) solution to the Egyptian market. The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services. The collaboration will see eNovate leverage Mastercard expertise in payment technology […]
Super Micro Computer (SMCI) said in a filing with the Securities and Exchange Commission late Monday that it has submitted a compliance plan to avoid delisting from the Nasdaq. The company said its compliance plan shows it is on track to submit delayed filings to the SEC “and become current with its periodic reports within […]
CNBC’s Jim Cramer made the case for owning Tesla stock, saying it’s worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. “While I don’t buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla,” he said. “The Musk premium […]
Reeves outlined her plan to reforming the pension system: Local Government Pension Schemes in England and Wales will become megafunds. This move could boost savings in pension pots as well as unlock £80 billion in new investment for businesses and infrastructure. Reeves continued to say that trillions of pounds will be mobilised into green energy, […]
A year in the making, the NPV addresses the findings of the 2023 Future of Payment’s Review, outlining the government’s ambitions for building a payments ecosystem delivered on next generation technology that delivers economic growth. Tulip Siddiq, economic secretary to the Treasury, says: “The National Payments Vision…sets out the government’s ambitions for this vital sector, […]
October’s retail sales data was strong, with the headline figure rising 0.4%. FWDBONDS LLC chief economist Chris Rupkey joins Catalysts to discuss the implications for the broader market and the Federal Reserve’s policy outlook. Rupkey notes that the Fed has already provided the market with “a game plan,” referencing a statement from Fed Chair Jerome […]
Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. The official cutoff of supplies before dawn Saturday came after Austrian Chancellor Karl Nehammer on Friday held a hastily called news conference to […]
