Tag Archives: Market News

CoinspeakerEuropean Central Bank Tackles Inflation with 25 BPS Rate Hike As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures. European Central Bank Tackles Inflation with 25 BPS Rate Hike

CoinspeakerBarclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins To counter the margin pressure, Barclays announced plans for a share buyback of up to £750 million. Barclays Faces Challenges in UK Division as Inflation and High-Interest Rates Affect Margins

CoinspeakerFed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary O'Leary says the Fed could still increase rates to 6.25% or 6.5%, resulting in bank failures in regional institutions. Fed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary

CoinspeakerShell Reports 55% Plunge in Q2 2023 Profit as Commodity Prices Decline Shell is struggling with a continuous fall in profits as Q2 2023 figures show significant reductions compared with last quarter and Q2 2022. Shell Reports 55% Plunge in Q2 2023 Profit as Commodity Prices Decline

CoinspeakerAnt Group Prepares for Hong Kong IPO with Strategic Restructuring Ant Group’s IPO was halted in 2020 after the Chinese government intervened, citing rising concerns about the company's growth and potential systemic threats to the financial industry. Ant Group Prepares for Hong Kong IPO with Strategic Restructuring

CoinspeakerDeutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023 The latest report marks Deutsche Bank's 12th straight quarterly profit since it implemented a restructuring plan back in 2019. Deutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023

CoinspeakerAlphabet Records Cloud Unit Growth amid Google AI Plans Sundar Pichai revealed that the company was planning to use new AI models to automate some customer services.  Alphabet Records Cloud Unit Growth amid Google AI Plans

CoinspeakerStellantis Sets New Pace with Top Performance in H1 2023 Stellantis reaffirmed its 2023 guidance and raised its growth outlook for Europe, the Middle East, and Africa from 5% to an impressive 7%. Stellantis Sets New Pace with Top Performance in H1 2023

CoinspeakerSpotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users  Spotify's Q2 2023 figures shows a strong quarter as its revenue and monthly active users both beat the company's guidance. Spotify Grows Revenue to €3.2B in Q2 2023, with 551M Active Users 

CoinspeakerAdidas (ADS) Stock Jumps 6% after Strong Yeezy Sales and Trimming Losses Adidas is able to alleviate the impact of operational losses as the clearance of the massive Yeezy inventory takes turn for the good. Adidas (ADS) Stock Jumps 6% after Strong Yeezy Sales and Trimming Losses