Crunchmarkets’s info on the world of finance
Robinhood, the popular online investment platform, has announced it is introducing margin trading in the UK. This feature allows investors to borrow money to enhance their trading activities. The decision comes after the company’s recent discussions with the Financial Conduct Authority (FCA), the UK’s financial regulator, and the subsequent approval […]
Perplexity AI, a venture with the backing of business magnate Jeff Bezos, has reportedly embarked on fundraising negotiations. The artificial intelligence (AI) company aims to surge its valuation to $8 billion or even more, as per a report by the Wall Street Journal. The AI firm has reportedly disclosed to […]
The key to gaining exposure to small cap stocks could lie in skilled stock selection, according to Rob Harvey, the man behind the Dimensional U.S. Small Cap ETF. Harvey uses a proactive approach in purchasing these stocks, aiming to steer clear of underperforming small caps that could negatively impact the […]
“BRASILIA – In a significant development, Brazil’s financial watchdog, CVM, has levelled accusations of insider trading against eight erstwhile top-level executives of retail giant, Americanas. The charges stem from alleged illicit trading of the company’s securities prior to the revelation of a major accounting scandal in 2023. Late on Friday, […]
Cybersecurity company Wiz is aiming for $1 billion in annual recurring revenue next year, according to the firm’s billionaire co-founder Roy Reznik. Speaking to CNBC, Reznik revealed that an IPO is on the cards for the firm, but only “when the stars align.” Wiz’s core product is a software that […]
Investment firm Jana Partners has recently acquired a new stake in Lamb Weston, a leading french-fry manufacturer, with potential plans to encourage the company to sell. This announcement was made in a regulatory filing on Friday by the activist investment firm. Jana Partners now owns a 5% stake in Lamb […]
Robinhood, a well-known retail brokerage firm, is set to unveil a new platform, Robinhood Legend, specifically designed for sophisticated traders. This move comes as part of the firm’s ongoing efforts to diversify and grow. Robinhood Legend, a desktop-based platform, is aimed at active traders and comes equipped with advanced charting […]
The U.S. Federal Trade Commission (FTC) has initiated an investigation into Deere, a renowned farm equipment manufacturer. The inquiry, which was made public on Thursday, is linked to possible violations of antitrust laws and consumer protection regulations in relation to the company’s repair policies. The FTC is delving into allegations […]
Morgan Stanley, a leading investment bank, exceeded market predictions for their third-quarter profit, with each of its main sectors producing stronger revenue than anticipated. The financial institution reported: – Earnings: $1.88 per share, surpassing the London Stock Exchange’s forecast of $1.58 – Revenue: Reached $15.38 billion, outperforming the projected $14.41 […]
Luc Cohen and Nate Raymond have reported that an RTX unit has consented to pay upwards of $280 million to settle criminal accusations levelled by the U.S. Department of Justice. These accusations are part of an extensive investigation into alleged foreign bribery by the company. Representatives of RTX’s subsidiary, Raytheon, […]
