The major European markets closed slightly higher on Thursday with investors reacting positively to some quarterly earnings updates from a few major European and U.S. companies, and dovish comments from Bank of England Governor Andrew Bailey. Data showing weak private sector activity in the Eurozone and the U.K. weighed a bit and limited markets upside....
The Federal Reserve Bank of Atlanta has raised warning over risks associated with blockchain and cryptos. Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptos. “Banking organizations and their service providers should have systems to identify, monitor, and control risks,” the statement read. The...
By Lewis Jackson SYDNEY (Reuters) - Volkswagen (ETR:VOWG_p) Australia said on Monday it had quit the policymaking committee at the country\'s auto lobby, days after Tesla (NASDAQ:TSLA) cut ties with the group, as the German carmaker distances itself from a campaign against new fuel standards. In a letter sent to other members of the Federal...
Pembina Pipeline Corp. (PBA, PPL.TO) announced Monday that it has completed its previously announced acquisition of Enbridge Inc.\'s (ENB, ENB.TO)interest in the Alliance, Aux Sable, and NRGreen joint ventures. Pembina Pipeline increased its ownership in Alliance and Aux Sable. The approximately $3.1 billion purchase price for the transaction was funded, in part, from the net...
Image by Antonio, Adobe StockIn a startling breach of trust, the CEO of Heartland Tri-State Bank is facing charges for orchestrating an embezzlement of $47 million. The high-profile case came to light following revelations that the bank played a central role in a sophisticated ‘pig butchering’ scheme, according to a February 12 press release from the...
An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam on May 3, according to security firm Cyvers. 🚨ALERT🚨Are we mistaken, or has someone truly lost $68M worth of $WBTC? Our system has detected another address falling victim to address poisoning, losing 1155 $WBTC. 😢 Victim:...
Final inflation reports from France and Spain are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany\'s wholesale prices for June. Economists expect wholesale prices to climb 0.2 percent on month, following May\'s 0.1 percent increase. In the meantime, foreign trade from...
Planet Fitness, Inc. (PLNT) announced Tuesday that it has appointed Colleen Keating as the Company\'s Chief Executive Officer, effective June 10, 2024. At that time, Craig Benson will resign as Interim CEO but will continue to serve as a member of the Company\'s Board of Directors. The company said Keating\'s appointment is the culmination of...
Crypto Assets Fund Flows Surge on Positive Outlook In his speech, Powell discussed the progress made in reducing inflation and cooling the labor market while avoiding a sharp increase in unemployment. Overall, the speech conveys confidence in the Fed’s ability to achieve its dual mandate of price stability and maximum employment. Powell’s suggestion that the...
The New Zealand dollar strengthened against some major currencies in the Asian session on Thursday. The NZ dollar rose to more than 2-month highs of 0.6141 against the U.S. dollar and 1.7738 against the euro, from yesterday\'s closing quotes of 0.6129 and 1.7766, respectively. Against the Australian dollar, the kiwi advanced to more than a...