Business Archives

Speculation Swirls Around SEC Chair Gary Gensler’s Tenure Following Misinterpreted Social Media Post

19/04/2024bollywoodfeverLeave a Comment

A recent social media post by U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on platform X, starting with “It’s been an honor to serve,” briefly led to misunderstandings in the cryptocurrency community about his possible resignation. This phrase, often associated with departing officials, sparked immediate speculation, particularly among those critical of his enforcement-heavy […]

Sodexo Forecasts Top-End Revenue Growth in 2024

19/04/202419/04/2024bollywoodfeverLeave a Comment

Sodexo Forecasts Top-End Revenue Growth in 2024, Boosted by Paris Olympics and Pricing Increases On Friday, French food service company Sodexo announced it anticipates its organic revenue growth for 2024 to reach the upper end of its forecasted 6% to 8% range, fueled by the Paris Olympics and an increase in pricing. Sodexo Live!, a […]

South Korea Prepares Market Stabilization Measures Amid Global Financial Turbulence

19/04/202419/04/2024bollywoodfeverLeave a Comment

On Friday, South Korea‘s finance ministry announced plans for swift and firm measures in response to significant fluctuations in the foreign exchange market. The ministry is prepared to deploy a market stabilization fund totaling 94 trillion won ($68 billion) if necessary to ensure financial stability, according to a statement that included remarks from Finance Minister […]

Tesla hikes U.S. prices across car models

Tesla Shares Hit Yearly Low as Focus Shifts to Autonomous Vehicles Amid Financial Strains

18/04/202418/04/2024Pooja ChauhanLeave a Comment

Tesla shares hit their lowest point in over a year on Thursday following a report from Deutsche Bank that expressed concerns about the company’s shift towards autonomous vehicle technology amid financial pressures. The shares of the company led by Elon Musk dropped by 2.7% to $151.26 after the bank changed its recommendation for the stock […]

JPMorgan Sees Limited Upside for Crypto Markets

JPMorgan Predicts Bitcoin Price Decline Post-Halving

18/04/202418/04/2024Pooja ChauhanLeave a Comment

JPMorgan Predicts Bitcoin Price Decline Post-Halving, Citing Overvaluation and Market Saturation According to analysts from JPMorgan, Bitcoin‘s price is anticipated to decline following the upcoming halving event, as the potential impact is believed to have already been integrated into its current market price. In a report released on Wednesday, the team led by Nikolaos Panigirtzoglou […]