Contents ▾ User BehaviourLive ChartGovernment ActionsThe Future? What do the Facebook revelations mean for tech stocks? It’s not been a good few weeks for Facebook. The recent revelations about Cambridge Analytica’s use of Facebook user data wiped billions off the company’s value in a single day. The scandal could hold consequences both for Facebook and […]
Crypto struggles between Twitter ban and blocking of LitePay. The value of Bitcoin and other cryptocurrencies has decreased of late, amidst the news that Twitter is banning all ads on cryptocurrency and that Litepay has stopped working. Bitcoins’ value has not managed to recover early year losses. The currency has not been able to rise back […]
Facebook’s price targets slashed by Bank Of America Merrill Lynch In another blow to Facebook’s stock market value following the Cambridge Analytica scandal, Bank of America Merrill Lynch has slashed their price target on Facebook shares from $230 to $165. The social media giant has already seen $45 billion wiped off their stock value this […]
Nosedive for shares in Carpetright and Mothercare as high street trading worries loom. Fears surrounding the futures of Carpetright and Mothercare have caused shares to plunge. There was a 14% slump in Carpetright after a report suggesting it would have to close stores and cut jobs, and Mothercare fell almost 12% in the midst of […]
Weakening data could spell trouble for the Euro. The Euro had a stellar start to 2018 climbing against a host of currencies including the dollar. On January 1 EUR/USD was trading at 1.200 before climbing to a high of 1.246 on Jan 31. This was on the back of strong economic data that caused traders […]
Stocks spiral under fears of global trade war: Stocks in London closed sharply lower in the wake of plans from Donald Trump to impose tariffs on steel and aluminium imports. These plans have ignited fears of a global trade war. The US President defended his plans, describing the advantages of heightening competition in trade and vowing […]
HSBC forecast pound vs Euro FX rates will go lower: Anybody hoping to see a stronger rate for the Pound against the Euro is likely to be disappointed according to David Bloom, head of foreign exchange research at HSBC. He said current levels for the market are likely to be maintained until some real news […]
Federal Reserve hints at more US interest rate hikes. The Chairman of the Federal Reserve, Jerome Powell, has suggested there could be more US interest rate rises on the way. It has already been projected there will be three rate rises this year, but Mr Powell advised a Congressional Committee in late February that this […]
Asset managers warn of possible further fall in Pound – The strength of the pound may be challenged more, as the outlook for the Brexit negotiations look anything but stable, according to Europe’s largest asset manager. Didier Borowski, who heads up macroeconomic research at asset manager Amundi, has published a research note reminding us that […]
HSBC announce increased profits for 2017. HSBC has announced pre-tax profits of $17.2bn (£12.3bn) for 2017 and say the growth has been primarily fuelled by its expansion in Asia. These figures represent a rise of 141% on the $7.1bn profits announced for 2016. It has to be said the figures for 2016 did include a […]
XRP Cryptotokens and Ripple soar high. Ripple is a new cryptocurrency and fast speed digital payment rail which is challenging Bitcoin’s dominance and is actively working with global banks and payment providers to provide faster international money transactions. The system provides a high-speed borderless payment mechanism which uses the company’s Ripplenet enterprise solution to transfer […]
Lloyds Banking Group bans the purchase of Bitcoin by credit card The Lloyds Banking Group has banned its customers from buying Bitcoin with any group-issued credit card. The move comes amid widespread concerns about the slump in price of the cryptocurrency and Lloyds Group has stated that it does not wish customers to experience unaffordable […]
Amazon.com Inc has reported corporate profits of almost $2 billion, which are the biggest in its history to date. The online retailing giant won millions of additional customers to its rapid-shipment and entertainment Prime scheme just in time for Christmas, and it benefited from new US tax laws. Share Price Spike On the announcement of […]
Binary investment brands have been under the spotlight from investors and regulators alike recently. With the FCA’s publication of a long list of unlicensed firms, smart money is wondering whether to look somewhere else for anything like the type of returns binaries can bring. FCA Back ESMA As part of the ESMA initiative, the British […]
Wall Street analyst suggests US stocks set for decade of growth. The Wall Street analyst Tom Lee has said that he expects the US stock market to continue riding high for another 11 years. Lee’s prediction is based on the analysis of economic data which suggests the US economy is in the middle of the global […]
CRISPR is a new biotech phenomenon, which has the potential to grant professionals the ability to alter or edit DNA structures. The process has huge implications, from eliminating certain diseases and world hunger, to amending physical appearance of creating renewable energy sources. The developments have the biomedicine world buzzing. As far back as 2015, publications […]
2018 saw binary options regulation fall under the remit of the Financial Conduct Authority for the first time. In less than three weeks, the regulator has shown the industry it is willing to play an active role in cleaning up the sector by publishing the FCA Unauthorised Firms list. After a scathing letter to CFD […]