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FedEx shares jump 5% on profit beat: what’s behind the strong earnings?

Shares of FedEx rose by more than 5% in premarket trading on Friday after the parcel delivery company reported stronger-than-expected profit and…
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China halts US soybean imports as trade tensions resurface

China has not purchased any US soybeans at the start of the new export season, marking the first time since at least…
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XRP price jumps 3% amid SEC ETF approval, upcoming US fund launch

The United States Securities and Exchange Commission (SEC) has approved new listing standards for crypto exchange-traded funds (ETFs), a decision expected to…
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Asian markets end mixed: CSI 300 slips over 1%, Nikkei hits new high

Asian equities ended Thursday on a mixed note as investors weighed the Federal Reserve’s policy decision and cautious comments from Chair Jerome…
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Nvidia stock jumps 2%, Intel stock rockets 24% after huge $5B deal

Nvidia agreed to invest $5 billion in Intel Corp. and collaborate on developing chips for personal computers and data centres, a surprise…
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Octopus Energy spins off Kraken Technologies to unlock global growth

Octopus Energy, Britain’s largest electricity supplier, said on Thursday it would spin off its technology arm Kraken Technologies into a standalone company,…
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Bank of England holds rates as inflation and growth pose policy dilemma

The Bank of England voted on Thursday to keep interest rates steady at 4%, balancing sticky inflation pressures with a weak economic…
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Asian stocks mixed ahead of Fed decision: Hang Seng at record high, Kospi slips 1%

Asian equity markets ended on a mixed note on Wednesday as investors looked ahead to the Federal Reserve’s interest-rate decision later in…
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Workday shares jump over 5% as Elliott Management takes $2B stake

Shares of Workday rose by more than 5.5% to $231.24 in premarket trading on Tuesday after activist investor Elliott Management disclosed it…
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Indian investors hoard gold, driving up prices and boosting bank profits

Investors in India are holding onto their used gold jewelry and coins, anticipating further price increases despite recent record highs.  This has…
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