Gambling giant Entain is facing loss of its license to operate in the UK after being ordered to pay a record £17 million settlement over its inaction to prevent gambling addiction, The Guardian wrote. At today’s exchange rate, this is equivalent to more than $20 million or just under 20 million euros. Poor gambling addiction […]
On Friday, US President Joe Biden’s administration denied the upcoming visit by Chinese President Xi Jinping to Saudi Arabia indicated the US’s waning influence in the Middle East. US is not going anywhere Tim Lenderking, US special envoy for Yemen, told CNBC diplomatic visits by other global powers were anticipated, but this didn’t mean the […]
PaySafe stock price crashed on Wednesday and then pared back losses after the company published mixed results. The stock was trading at $2.26, which was about 14% above the lowest level during the day. This rebound brings its market cap to over $1.6 billion. Paysafe’s Q2 results Compared to Q2’21 when it recorded a loss […]
Siemens Energy, which supplies the power industry with equipment, warned of a bigger than previously expected net loss this year. It will exceed last year’s loss of 560 million euros by a charge of around 200 million ($204 million) because of business restructuring in Russia, CNBC reported. Siemens Energy is responsible for maintaining the Nord […]
In July, China’s coal imports increased by almost a quarter from the previous month, reaching nearly peak levels for the year. Power generators have increased purchases to ensure adequate supply for peak summer electric power demand, CNBC wrote. Import still down by more than a fifth since 2021 According to data of the General […]
On Wednesday, US Treasury yields reached a 14-day high and stocks jumped against the background of positive corporate guidance and solid economic data, Reuters reported. After it was reported that US crude and gas stockpiles had surged, front-month crude futures declined. All three US indexes rose Yesterday, S&P500, Dow Jones, and Nasdaq all advanced. Tech-heavy […]
Western Union had a strong second-quarter as remittances flow dropped due to the crisis in Russia. The embattled firm said that its revenue dropped by 12% on a reported basis to $1.1 billion. Western Union earnings Western Union is one of the oldest financial services companies. It operates globally and helps people move money across […]
PayPal stock price popped sharply on Tuesday evening after the company published strong results and forward guidance. The stock rose by more than 15% in extended hours, continuing the recent gains. As a result, its total market cap jumped to over $105 billion. PayPal earnings PayPal had a strong second quarter as users continued transacting […]
China has indicated it might miss its yearly economic growth target. This is largely due to renewed Covid restrictions, BBC reported. Yesterday, the ruling party stated it intended to sustain growth within “a reasonable range”, but made no mention of the 5.5% official growth target set earlier. China continues to pursue zero-Covid policy China continues […]
Euronet Worldwide stock price declined by more than 6% after the company published relatively weak quarterly results. The stock crashed to a low of $103, which was about 30% below the highest point in 2021. Euronet earnings review Euronet Worldwide is a leading financial services company that owns some of the most popular brands in […]