Stock Research

Efforts are underway to bring relief to over 100,000 Americans whose savings have been frozen in fintech accounts following the collapse of fintech intermediary Synapse.  Banks are making significant progress in resolving this financial turmoil, potentially leading to the release of funds within weeks. Synapse collapse affects over 100,000 customers Since May, more than 100,000… Continue reading Synapse mess: Banks advance in unlocking $96 million for 100,000 fintech users

Jumia Technologies AG (NYSE: JMIA) is rallying on Tuesday after a Benchmark analyst issued a super bullish note in its favour. Shares of the marketplace, logistics and payments service are up 30% for the day at writing but Fawne Jiang is convinced it’s not done pleasing its shareholders just yet. Jumia stock is now trading… Continue reading Jumia stock is far from done rallying yet: analyst says

Beleaguered airplane manufacturer Boeing recorded a 32% fall in deliveries of its commercial airplanes in the second quarter of the current fiscal year compared to last year. The fall came on the back of heightened regulatory scrutiny over the company triggered by the episode of a door blowing away mid-flight in January, especially when the company’s planes had already… Continue reading Boeing sees 32% fall in deliveries in Q2

Invesco and Galaxy have announced that the management fees for their Invesco Galaxy Ethereum ETF (QETH) will be set at 0.25%. This decision, detailed in an amended filing to United States regulators on July 9, underscores the intensifying competition among Ethereum exchange-traded fund (ETF) sponsors as the anticipated rollout of spot Ether (ETH) funds approaches.… Continue reading Invesco Galaxy Ethereum ETF (QETH) fee set at 0.25%

Oracle stock is tanking after talks between the company and Elon Musk’s AI startup xAI failed. The two companies were discussing a possible expansion of an arrangement already in place where xAI would rent Nvidia chips from Oracle. The deal was worth $10 billion and would have made xAI one of Oracle’s largest customers. As… Continue reading Oracle stock plunges as xAI talks fail

Meta, the parent company of Instagram, has partnered with Vodafone to enhance the delivery of short-form video content across 11 European mobile networks. This collaboration aims to free up network capacity without compromising the viewing experience. Video demand drives data usage growth The demand for video on platforms like Instagram, TikTok, and YouTube has significantly… Continue reading Meta and Vodafone partner to optimize video delivery across European networks

Dutch investment group Prosus is set to lead a $100 million funding round for BlueStone, an omni-channel jewelry startup.  This round is expected to value BlueStone at approximately $960 million, more than doubling its valuation from $440 million in September 2023. The funding round will include both primary and secondary share sales.  Around $60 million… Continue reading Prosus to lead $100 million funding round for BlueStone, valuing jewelry startup at $960 million

Standard Chartered is set to launch a spot trading desk for buying and selling bitcoin and ETH, according to a report by Bloomberg on Friday. This new initiative will be based in London and will operate as part of the bank’s foreign exchange (FX) trading unit. By entering the spot cryptocurrency trading market, Standard Chartered… Continue reading Standard Chartered set to offer direct BTC and ETH trading in London

On Friday, analysts at Citi increased their target price on Microsoft Corp (NASDAQ:MSFT) from $495 to $520, while reiterating their ‘Buy’ rating. This upward revision underscores Citi’s confidence in Microsoft’s growth prospects, particularly fueled by its strategic investments in artificial intelligence (AI) and its dominant position in the tech industry. Dominance in the AI race… Continue reading Citi hikes target price on Microsoft stock to $520: Can it reach there?