On Election Day, the trading arena erupted with activity as shares of Trump Media & Technology experienced a notable uptick, reflecting traders’ optimism surrounding the potential for a second Trump presidency. The fluctuations were marked by an 8.2% rise in premarket trading, suggesting an energized betting culture—bolstered by the idea that a Trump victory could
Finance
Chinese electronics manufacturer Hisense has set its sights on becoming the leading television brand in the United States within the next two years. Catherine Fang, President of Hisense International, shared this ambitious plan in a recent interview with CNBC, reflecting the company’s strategic focus on market expansion. This goal aligns with Hisense’s vision to elevate
In a strategic move that underscores the growing demand for flexible financial solutions, Affirm—an American fintech company—has commenced offering its buy now, pay later (BNPL) services in the United Kingdom. This launch, which marks a significant milestone as the company’s first foray outside of North America, signals Affirm’s ambition to tap into the robust market
In a noteworthy development for the fintech landscape, Block Inc., the payments giant helmed by former Twitter CEO Jack Dorsey, has officially rolled out its Square Card service in the United Kingdom. This strategic move marks Block’s first expansion of its corporate card offering beyond North America since its inception in 2019. With this launch,
In a market increasingly dominated by a handful of powerhouse companies, BlackRock’s iShares has entered the fray with a fresh strategy designed to cater to investors looking for broader diversification. The firm recently launched the iShares Top 20 U.S. Stocks ETF (TOPT), positioning it as an alternative to the famed Magnificent Seven, which includes major
Berkshire Hathaway Inc. is making headlines once again, with its cash reserves exceeding a staggering $325 billion by the close of the third quarter. This marks an extraordinary increase from the previous quarter, where the figure was approximately $276.9 billion. The financial behemoth, under the stewardship of Warren Buffett, is strategically hoarding cash, which raises
As the UK government outlines significant tax reforms aimed at curbing financial deficits, the nation’s burgeoning technology industry is bracing itself for repercussions. With the recent announcements made by Finance Minister Rachel Reeves regarding increases in capital gains tax (CGT) and National Insurance (NI) contributions, industry leaders are expressing concerns about the viability of the
Honor, a prominent Chinese smartphone brand that emerged from Huawei’s considerable shadow, is poised for an exciting transition as it gears up for an initial public offering (IPO). Following the announcement on Thursday regarding new investments from industry major players, including China Telecom, CICC Capital, Cornerstone, and SDG, the company is cementing its position in