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Uber (UBER) is hoping to introduce driverless cars in China as it pushes forward its links with electric vehicle maker BYD. The transportation and ride-sharing company has revealed a strategic partnership with BYD. As part of this deal, their drivers will be able to get hold of its partner’s cars at preferential rates and with…

USD: Short rates are on the move As we noted in our Federal Reserve review, the dollar initially rallied on the release of the new FOMC statement but then sold off when Chair Jerome Powell seemingly deliberately adopted a new script that a September rate cut ‘could be on the table’. That phrase – together with…

Japan reportedly spent more than 5.5tn JPY in July 2024 to brace the yen and boost the currency’s performance in the forex arena. This intercession is the latest in Japan’s efforts to throw a lifeline to the yen after it dropped to its lowest mark against the USD in 38 years. The Japanese Ministry of…

Apex Capital Trust reportedly made an all-cash offer of $43bn to acquire Paramount Global (PARA) on Wednesday 31 July 2024. According to the terms of Paramount’s merger deal with Skydance Media, it has 45 days to consider other acquisition and merger deals. Based on Reuters data, Apex, a holding company and investor, indicated that it…

2024.08.01 2024.08.01 The British Pound Doomed to Collapse. Forecast as of 01.08.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The British pound, once under the spotlight, is falling now. The global economy and rumors that the Bank of England will cut interest rates are to blame. The Chancellor of the Exchequer’s speech may also have a negative impact on the GBPUSD. Let’s…

Yesterday, after the close of the main trading session, social media giant META reported its second-quarter results, significantly exceeding analysts’ expectations: → Earnings per share: actual = $5.16, forecast = $4.72;→ Revenue: actual = $39.07 billion, forecast = $38.26 billion;→ Daily active users increased by 7% year-on-year to 3.3 billion;→ Ad impressions grew by 10%,…

Prior 6.4% The jobless rate in the euro area ticks a little higher again at the end of Q2, matching the figure back in March and in the same month a year ago. As a whole, labour market conditions are still holding up but there have been tentative signs of softness creeping in. This article…