Latest Market News
It has come to the Central Bank of Ireland’s (‘Central Bank’) attention that a firm, calling itself, Baron Capital Partenaire (BCP) (Clone) (Ireland / UK / Cyprus and France) – www.bcpartenaire.com (not operational) has been operating as an investment firm / investment business firm in the absence of an appropriate authorisation and purporting to be […]
Climate change risks to households and businesses will vary considerably, depending on factors including the location of physical assets, energy efficiency, and individual behaviours. The financial sector will be impacted through changes in financial asset values and the effects on businesses and households. Long-run physical risks can only be reduced through policies that support a […]
Sept. 12 will leave a mark that will probably stick for quite a while. Traders at the Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been caused by the expectation of cool inflation data. Bears may have lacked confidence, but August’s U.S. Consumer Price […]
International Business Machines Corp. IBM, -2.61% said late Tuesday it will book a charge of about $5.9 billion in the third quarter to offload pension risk. The Armonk, NY-based tech company said in a Securities and Exchange Commission filing it is transferring about $16 billion of pension obligations, for benefits that began to be paid […]
Cathie Wood’s ARK Innovation ETF was tumbling Tuesday morning as technology stocks slumped amid concerns that a stronger-than-expected inflation reading Tuesday will lead to more aggressive interest rate hikes by the Federal Reserve. Shares of ARK Innovation ARKK, -6.79% were down 6.3% Tuesday morning, while the Technology Select Sector SPDR Fund XLK, -5.31% fell 3.8%, […]
Financial-technology stocks are among the biggest losers in the tech sector Tuesday after the August consumer-price index showed a surprise monthly increase, even as the year-over-year growth rate dropped to 8.3% from 8.5%. Shares of artificial-intelligence lending company Upstart Holdings Inc. UPST, -10.85% are off 9.3% in Tuesday morning trading, while shares of buy-now-pay-later operator […]