Disruptors PayPal and Square surpass Wall Street giants including Goldman Sachs in market cap
A remarkable changing of the guard is happening in finance. This week, the market capitalization of fintech payments firm Square exceeded that of Goldman Sachs, the 151-year-old investment bank, for the first time. Almost exactly two months earlier, PayPal surpassed Bank of America, the second biggest...
Foreign exchange: Banks deal with volatility from home
Since the global financial crisis, most FX markets have enjoyed a decade of extremely low volatility. While there have been initiatives around regulatory compliance, the market has otherwise been quiet, with volatility touching all-time lows as recently as January, exacerbated...
Stocks making the biggest moves midday: Tesla, Wayfair, Moderna & more
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier...
Coronavirus crisis: China steps back from stimulus
At the height of the global financial crisis (GFC), China staved off recession by turning the dial on stimulus up to 11. This time around, with Western governments pledging trillions of dollars in state aid as coronavirus threatens to turn...
ECB Preview: Time for Inaction
This publication has been prepared by Danske Markets for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents...
Coronavirus: Urgent need to adapt will push tech solutions in transaction banking
Lisa Robins, global head of transaction banking at Standard Chartered, vividly remembers the September 11 terror attacks on New York’s twin towers and what followed. At the time, Robins lived in New York and was working for JPMorgan. Thousands of...
Payrolls increase by nearly 1.4 million as the unemployment rate tumbles
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. The unemployment rate was by far the lowest since the coronavirus...
Covid-19 shows the value to investors of alternative data
At the start of April, Exabel, an artificial intelligence (AI) and machine learning platform for active asset managers, partnered with 1010data, an alternative data provider to the retail, consumer packaged goods and financial services industries, to develop their Covid-19 Impact...
Dollar Rises after NFP, Gold Breaks Trend Line Support
Dollar rises against European majors an Yen as headline non-farm payrolls number came in not far from expectation. Encouragingly, unemployment rate dropped notably while participation rate also rose. Wage growth also some what picked up. DOW future also point to...
Coronavirus: Dubai issues rare Dh1 billion sukuk
The government of Dubai has issued a sukuk for the first time in four years, proving that even amid historically low oil prices and a global pandemic, funding options remain for the Gulf’s sovereigns. Gulf countries are facing the perfect...
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