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 […]
Finance
Crunchmarkets’s info on the world of finance
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 […]
Federal Reserve Governor Waller advocates for ‘increased prudence’ during interest rate reductions
Federal Reserve official, Christopher Waller, attended a Fed Listens event in Washington D.C. on September 23, 2022. Waller, who is a key player on the Federal Reserve Board of Governors, discussed the future of interest rates, suggesting that they may not be cut as drastically as they were in September. […]
“Trade concludes with a dip in Poland’s stock market; WIG30 records a 0.24% decrease, according to Investing.com”.
On Monday, the stock market in Poland experienced a decline following the market close, with sectors such as , and contributing significantly to the dip in shares. In Warsaw, the stock market witnessed a 0.24% drop as the market closed. In the session, the standout performers were corporations like CCC […]
Harris or Trump? The Implications for American Enterprises in 2024 Election
As the US election in 2024 approaches, former President Donald Trump and Vice President Kamala Harris are set to engage in a presidential debate on ABC on September 10. The outcome of this election could spell significant changes for various sectors, including airlines, banks, electric vehicle manufacturers, healthcare companies, media […]
Reuters reports fifth flight test of SpaceX’s colossal Starship booster successfully captured
“SpaceX, under the leadership of Elon Musk, achieved yet another engineering milestone during its fifth Starship test flight. This time, the rocket’s towering first stage booster, also known as “Super Heavy,” was returned to its Texas launch pad using large mechanical arms. This achievement is a significant step forward in […]