Author: Will Smith

Deputy Governor of the Bank of England Jon Cunliffe believes that a cryptocurrency market crash is “quite likely,” and that regulators around the world should seek crypto legislation “immediately.” While cryptocurrencies do not presently present a risk to the country’s financial stability, the deputy governor believes there are some “quite solid reasons” to believe this…

ASOS (ASOS.L), the UK-based online apparel company, terminated CEO Nick Beighton on Monday, citing supply chain difficulties and consumers returning to pre-pandemic behaviour as reasons for a 40 percent drop in profit in 2022. In early trading, ASOS shares dropped more than 15%. Beighton has been CEO of ASOS for 6 years, and the firm stated…

London Stock Exchange Group (LSEG) has implemented FINBOURNE Technology’s SaaS investment platform LUSID to advance and develop data services options throughout its wealth and investment solutions industry sectors. LUSID will serve as another shoulder of the Group’s digital and cloud system, offering a modular and virtual real-time data collection for consolidating multi-asset class data throughout…

As third-quarter results from Corporate America begin to trickle in next week, investors are gearing up for another period of high profit growth in the United States. However, as the economy recovers from the coronavirus outbreak, new issues develop, such as supply-chain problems as well as inflationary pressures, which are putting pressure on Wall Street.…

The first drug to treat Covid-19 is on the way, and vaccine manufacturers are distributing booster shots to wealthier nations. The next stage of the pandemic will make stock picking more difficult for investors. The success of Merck & Co.‘s oral antiviral medication in a clinical study has reversed the stock market’s dynamic, impacting on…