The CEO of Swedish fintech startup Trustly, Johan Tjarnberg, recently discussed the company’s decision to delay its initial public offering (IPO) despite a 51% increase in operating profit. Tjarnberg revealed that Trustly intends to wait another year or two before going public to demonstrate the value of its open banking technology to potential investors. He
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The recent rise in the price of WTI crude oil, as indicated by the chart, can be attributed to several key factors. Firstly, the upcoming OPEC+ meeting scheduled for 2 June has created a sense of optimism among investors. Additionally, expectations of high fuel demand due to the start of the summer driving season and
Consumer confidence plays a crucial role in driving the Japanese economy, with private consumption accounting for approximately 60% of the country’s GDP. Any fluctuations in consumer sentiment can have significant repercussions on various economic indicators such as inflation, unemployment, retail sales, and industrial production. The recent depreciation of the Yen has increased import costs, leading
The Indian economy is facing a significant slowdown in growth, with economists predicting that the GDP growth rate in the January-March quarter of 2022 will be the slowest in a year. The country’s gross domestic product (GDP) unexpectedly grew by 8.4% in the previous quarter, thanks to a sharp drop in subsidies. However, most economists
It is crucial for investors to pay close attention to comments made by Fed speakers regarding inflation, economic outlook, and interest rates. These comments can significantly impact market sentiment and expectations, influencing trading decisions. Recent data, such as the FOMC Meeting Minutes, labor market data, and US Services PMI, have played a role in shaping
The latest data from the UK shows that headline inflation has slowed to +2.3% in the twelve months to April, a significant decrease from the +3.2% recorded in March. This drop was largely expected due to the reduction in the Ofgem energy price cap regulation in the country. The Bank of England’s inflation target of
As the cost of living continues to rise, many individuals are finding creative ways to cut back on expenses without sacrificing the quality of their leisure time. One such individual is avid traveler Lora Bowler, who has discovered the benefits of utilizing hotel day passes to enjoy luxury amenities without the hefty price tag of
In a recent meeting of the G7 finance chiefs in STRESA, Italy, a draft statement revealed discussions on utilizing the future income from frozen Russian assets to assist Ukraine. This move comes after the G7 and its allies froze approximately $300 billion of Russian assets following Moscow’s invasion of Ukraine in February 2022. The aim
The US stock market showed signs of recovery on Friday, following a dip in the previous session. This was attributed to improving consumer sentiment on inflation, leading to the Nasdaq and S&P 500 continuing their five-week upward trend. However, the Dow Jones Industrial Average was set to break its five-week rally streak after experiencing its
The private credit industry has seen a significant increase in recent years, leading to a whole host of concerns regarding its resilience in times of economic downturn. One of the major worries is the lack of a large-scale downturn experienced by the industry, raising questions about its preparedness for a crisis and the implications for
Norfolk Southern has recently announced a whopping $310 million settlement to address the aftermath of a toxic train derailment that occurred in East Palestine, Ohio in February 2023. The settlement mainly consists of an estimated $235 million earmarked for covering all past and future cleanup costs arising from the incident. Additionally, the company is set
The Consumer Financial Protection Bureau recently announced new regulations that will provide customers of the buy now, pay later (BNPL) industry with the same federal protections as credit card users. This move is significant as it brings the burgeoning BNPL industry, dominated by fintech firms like Affirm, Klarna, and PayPal, under the umbrella of the