JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.
Finance/Venture
Vertical Aerospace Founder Invests $50 Million to Prevent the Flying Taxi Firm From Running Out of Cash
Vertical Aerospace has secured new funding from its founder Stephen Fitzpatrick, who will invest $50 million to ensure that the flying taxi firm will still have cash until later this year.
Macy's Ditches $5.8 Billion Takeover Bid After Investor Arkhouse Threatens to Take Offer Directly to Shareholders
Macy's has rejected a $5.8 billion offer from Arkhouse Management and partner Brigade Capital Management to take over the retailer.
Elon Musk Refutes xAI $500 Million Funding Report, Labels It 'Fake News'
Elon Musk took to social media to deny a report claiming that his AI startup, xAI, has secured $500 million in commitments from investors.
China’s Yuan Beats US Dollar as the Top Currency Traded in Russia
China's yuan has ousted the US dollar as the most traded currency in Russia in 2023. China's yuan has ousted the US dollar as the most traded currency in Russia in 2023.
Latest News
US cryptocurrency exchange Coinbase is making strategic moves to introduce crypto-linked derivatives in the European Union (EU) by acquiring a company with a license to do so.
The name Aishwarya Yadavally has emerged as a beacon of innovation and visionary leadership. Embarking on her journey in finance, Aishwarya has not only demonstrated her adeptness at addressing the sector's challenges but has also shown her extraordinary foresight.
Picture a world where luxury and sustainability don't just coexist but thrive together. This might seem like a lofty dream, but entrepreneur Lorenzo Tawakol is turning this aspiration into reality. Bringing a new twist to chartered sailing, he's demonstrating how luxury can truly go hand in hand with environmental mindfulness. Let's explore his story and discover how he's seamlessly combining luxury and eco-consciousness.
Investors expect a rebound in the 2024 IPO market. Here are the companies that are expected to go public next year.
The US dollar has slipped to a five-month low against the euro and several other currencies, The US dollar has slipped to a five-month low against the euro and several other currencies, driven by expectations that the Federal Reserve might soon implement interest rate cuts.
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Mexico has become the 12th largest economy in the world after it moved up two positions from last year, according to the GDP projections of the International Monetary Fund (IMF) for 2023.
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
