Shares of Fiserv climbed more than 6% in premarket trading on Tuesday after a report said several of the largest US banks had explored acquiring one of the fintech company’s debit-card networks, highlighting the growing strategic importance of payments infrastructure as banks compete with fintech firms and crypto players. According to The Wall Street Journal,… Continue reading Fiserv stock rises 6% as top US banks reportedly consider buying its card network
stocktrader
Bank of England warns AI could amplify market and cyber risks
The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to the technology. In its half-yearly assessment of risks to Britain’s financial system, released on Tuesday, the central bank said earlier concerns over elevated share price… Continue reading Bank of England warns AI could amplify market and cyber risks
DRAM ETF falls 6.5% after Samsung earnings as expert warns on memory stocks
The Roundhill Memory ETF (DRAM) dropped by over 6% in the premarket, reaching a low of $60.65, as memory shares tumbled following the latest Samsung earnings. DRAM has now dropped by over 25% from its highest point this year, and this trend may continue as a top analyst warns of a potential rotation from memory… Continue reading DRAM ETF falls 6.5% after Samsung earnings as expert warns on memory stocks
Top reasons why Rolls-Royce share price is set to soar past 1,500p
Rolls-Royce share price has moved in a tight range in the past few months and is hovering around its all-time high. It was trading at 1.480p today, July 7, after rising by 52% in the last 12 months. This article highlights some of the key reasons why the stock may continue rising. Rolls-Royce share price… Continue reading Top reasons why Rolls-Royce share price is set to soar past 1,500p
Here’s why Barclays share price has jumped to a 19-year high
Barclays share price has gone parabolic in the past few months, reaching its highest point since 2007. It has soared by 55% in the last 12 months, outperforming its top peers like Lloyds and NatWest, which have jumped by 52% and 37% in the same period. Barclays vs Lloyds vs NatWest | Source: TradingView Barclays… Continue reading Here’s why Barclays share price has jumped to a 19-year high
NZD/USD forecast: bearish signals emerge ahead of RBNZ decision
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision. It retreated to 0.5693 from last week’s high of 0.5725. RBNZ expected to hike interest rates The New Zealand dollar, commonly known… Continue reading NZD/USD forecast: bearish signals emerge ahead of RBNZ decision
Kospi tumbles as Asian markets ask if Samsung’s AI boom is priced in
Asia’s chip rally finally met a stronger earnings number it could not celebrate. Samsung Electronics delivered a forecast that would normally electrify the market, pointing to another record quarter as AI demand keeps memory supply tight. Yet regional equities fell on Tuesday, a sign that investors are no longer rewarding the sector simply for beating… Continue reading Kospi tumbles as Asian markets ask if Samsung’s AI boom is priced in
Samsung stock plunges 8% despite record Q2 profit outlook: what’s worrying investors
Samsung stock plunged over 8% on Tuesday even after the company flagged what could be its most profitable quarter ever. The shares fell as much as 7.9%, despite Samsung guiding for second-quarter operating profit of 89.4 trillion won, a 19-fold jump from a year earlier. The reaction was not about weak numbers but about whether… Continue reading Samsung stock plunges 8% despite record Q2 profit outlook: what’s worrying investors
Evening digest: Broadcom extends Apple deal, Strategy sells $216M worth of Bitcoin
On Monday, Broadcom shares rallied after the chipmaker extended its long-term partnership with Apple through 2031, reinforcing its position in the iPhone maker’s supply chain. Strategy disclosed that it sold $216 million worth of Bitcoin under its newly introduced treasury framework while reporting a sharp quarterly loss on its digital assets. Oil prices were little… Continue reading Evening digest: Broadcom extends Apple deal, Strategy sells $216M worth of Bitcoin