Finance

Crunchmarkets’s info on the world of finance

Robinhood introduces Legend, a platform for engaged traders, and anticipates the imminent launch of futures markets.

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 […]

US FTC Investigating Deere Over Potential Antitrust and Consumer Protection Violations, Documents Reveal – A Reuters Report

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 […]

Third Quarter 2024 Profits for Morgan Stanley (MS)

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 […]

RTX Settles US Foreign Bribery Investigation, Agrees to Pay More Than $280 Million – Reuters Reports.

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, […]

Alibaba from China asserts its AI translation gadget surpasses Google and ChatGPT in performance

Chinese e-commerce giant Alibaba is ramping up its global reach with a significant investment in its international business. The move comes as growth in its domestic-focused platforms Taobao and Tmall is slowing down. Alibaba has unveiled an upgraded version of its AI-powered translation tool under its international division. The company […]

Consenting to a $4 million fine in the US, Lufthansa settles over inappropriate conduct towards Jewish travelers – Reuters reports.

Headline: Lufthansa to Pay $4M in Response to Alleged Discrimination Incident By David Shepardson In May 2022, a notable incident took place on Lufthansa Airlines that has brought significant attention to the airline’s handling of alleged discriminatory practices. As reported by the U.S. Transportation Department, Lufthansa has conceded to pay […]