Fintech: Dubai looks at the financing technology of the future

Fintech: Dubai looks at the financing technology of the future

With rising inflation, interest rate hikes and political uncertainties the global economy is weathering a difficult storm, but one sector that has fared better than others is, financial technology or Fintech. Fintech: A growing sector FinTech usually refers to software, technology and mobile apps, created to improve, automate and adapt traditional forms of finance for … Read more

Nasdaq ends sharply higher after Twitter agrees to be bought by Musk

Nasdaq ends sharply higher after Twitter agrees to be bought by Musk

Wall Street’s fear gauge at its highest since mid-March Twitter jumps after deal to be bought by Elon Musk Beijing seen at risk of lockdown, cyclicals lead declines Indexes: Dow +0.70%, S&P 500 +0.57%, Nasdaq +1.29% April 25 (Reuters) – Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to … Read more

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more

Nasdaq drops as Netflix subscriber numbers weigh on tech

Nasdaq drops as Netflix subscriber numbers weigh on tech

Procter & Gamble up on raising FY sales forecast IBM gains on upbeat forecast, Q1 results beat Netflix slumps after Q1 subscriber loss Indexes: Dow up 0.71%, S&P slips 0.06%, Nasdaq off 1.22% April 20 (Reuters) – The tech-heavy Nasdaq dropped on Wednesday as Netflix’s surprise decline in subscribers weighed on both the streaming giant … Read more

Wall St ends lower as investors await further earnings cues

Wall St ends lower as investors await further earnings cues

Bank of America boosts S&P 500 Twitter gains after adopting ‘poison pill’ Didi to meet on US delisting plans, shares plunge Indexes down: Dow 0.11%, S&P 0.02%, Nasdaq 0.14% April 18 (Reuters) – US stocks closed lower on Monday after a session which saw all three benchmarks slip between positive and negative territory, as investors … Read more

Netflix, AMEX and two top accounting firms sever Russia ties

Netflix, AMEX and two top accounting firms sever Russia ties

March 6 (Reuters) – Netflix, a global streaming entertainment service, top accounting firms KPMG and PwC and financial services firm American Express on Sunday cut ties with Russia as that country’s conflict with Ukraine escalated. The latest fighting blocked efforts to evacuate 200,000 people from the besieged Ukrainian city of Mariupol for a second day … Read more