With an economic restructuring in the works, Ecuador is positioning itself to ride the tensions between the US and China to an economic rebound in 2025. While many of its Latin American neighbors are benefiting from post-pandemic tailwinds—including surging commodity prices and a nearshoring boom driven by the US—Ecuador continues to struggle. Political instability, energy […]
Companies adopted AI quickly, hoping to increase productivity and reduce their costs by eliminating part of their workforce. That’s why, two years ago, IBM slashed 8,000 jobs in human resources and replaced their routine tasks with its AskHR system. Financial technology company Klarna also laid off 700 customer-service experts, hoping AI tools would do the […]
Crypto company Ripple has applied to US regulators for a national bank charter, as the distinction between digital asset firms and traditional financial institutions becomes increasingly blurred. Ripple’s decision—announced in July on social media by the company’s chief executive, Brad Garlinghouse—mirrors similar moves by Circle and BitGo. Analysts opine that the collective pursuit of a […]
The state of the United Kingdom’s capital markets is perilous. IPO activity has fallen to its lowest levels in 30-years. In the first half of this year, five listings reportedly raised just £160 million (around $215 million) below amounts as far back as 1995, according to data provider Dealogic.London Stock Exchange has undergone several years […]
Singapore-headquartered Yinson Production recently issued a record-breaking $1.168 billion bond for a floating production, storage, and offloading (FPSO) unit in Brazil. This marks the largest and longest-dated FPSO project bond to date, the longest-dated structured finance bond in Brazil, and the highest order book ever for an FPSO project bond. Yinson Production used a project […]
The French luxury giant Kering, parent company of Saint Laurent and Gucci, is getting a new CEO, Luca de Meo. And surprisingly he is not a longtime ready-to-wear afficionado but a car industry veteran. De Meo, 58, had been leading the French Renault Group since 2020. He left the carmaker on July 15 and will […]
Snowflake Today $240.84 +40.45 (+20.18%) As of 03:59 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. 52-Week Range $107.13 â–¼ $249.99 Price Target $255.53 Snowflake’s NYSE: SNOW Q2 results highlight the global shift to AI. Now that the infrastructure build is well underway, sectors, industries, and businesses are embracing the […]
Concerns about inflation still dominate this market. In April and May, the immediate concern was that the Trump administration’s tariff policy would cause a sharp spike in inflation. That hasn’t been the case, although some companies, particularly retailers, continue to report tariff headwinds. Chevron Today $159.29 +0.05 (+0.03%) As of 03:59 PM Eastern This is a […]
Best Buy Co. Inc. NYSE: BBY stock is down 4.6% after the company reported its second-quarter earnings on August 28. The company beat on the top and bottom line and maintained its prior full-year guidance. However, investors appear to be looking beyond the current print and wondering about future growth. Best Buy Today $72.70 -2.75Â (-3.64%) […]
The nature of warfare and the defense sector is changing. The modern battlefield is no longer defined solely by large, expensive tanks and fighter jets, but increasingly by swarms of small, intelligent, and autonomous systems. In response to this rapid evolution, the U.S. Department of Defense has launched its Replicator Initiative, a clear and urgent […]