Recently, there has been a noticeable shift in investor sentiment towards intermediate-term Treasury bonds. David Botset, the head of innovation and stewardship at Schwab Asset Management, has observed an increase in flows into bonds with maturity rates typically between three and five years, sometimes extending out to 10 years. According to Botset, investors are recognizing
Finance
Block stock experienced a significant increase of up to 14% in after-hours trading on Thursday following the release of their fourth-quarter earnings report. The company exceeded analyst expectations on gross profit and demonstrated substantial growth in both Square and Cash App revenue. Let us delve deeper into the details of their performance compared to analyst
Intuit, a financial software company, reported revenue of $3.39 billion in its fiscal second quarter, which was in line with analysts’ expectations. However, the adjusted earnings of $2.63 per share exceeded Wall Street’s estimate of $2.30 per share. Despite this positive news, the company’s shares pulled back roughly 1% in extended trading. Shares of Live
The UK has logged a record-breaking £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures released by the Office for National Statistics. This surplus is attributed to the fact that the country’s public finances typically run a surplus in January, mainly due to the receipts from self-assessed annual income tax payments.
The U.K. economy experienced a setback as it slipped into a technical recession in the final quarter of last year, according to initial figures released by the Office for National Statistics (ONS). The U.K.’s gross domestic product (GDP) shrank by 0.3%, marking the second consecutive quarterly decline. While there is no official definition of a
TUI, the German travel giant, has become the latest company to abandon its share listing in London. In a decisive vote, shareholders overwhelmingly opted for the company to list solely in Frankfurt, Germany’s financial hub. The move is expected to take place on June 24, and it signifies a significant shift in TUI’s listing preference.
The recent surge in Nvidia’s stock price has sparked a fear of missing out (FOMO) among investors, according to Evercore ISI’s Julian Emanuel. Clients, including those who witnessed the dot-com boom and subsequent collapse, are more concerned about being underinvested rather than overexposed. This shift in sentiment is raising alarm bells, as it resembles a
Financial technology company Revolut is set to revolutionize the telecom industry in the UK by becoming the first financial services firm in the country to offer phone plans. This bold move not only positions Revolut as a pioneer in the field but also sets a global precedent. By integrating electronic SIM cards (eSIMs) into their
Investors seeking untapped opportunities in the market may want to consider putting their money into a sector that has been largely overlooked – oil stocks. Despite the abundance of oil supply and the strong cash flow generated by these companies, they have been trading at remarkably low levels compared to other sectors, such as semiconductors.
China is making significant efforts to attract foreign tourists and business people by encouraging local banks and businesses to accept foreign bank cards. As part of this initiative, the country is also exploring ways to make mobile payment options more convenient for international visitors. These developments come after Beijing implemented visa-free travel policies for residents