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Nasdaq Stockholm, Nasdaq Inc’s stock exchange in Sweden, has been fined 100 million Swedish kronor ($9.6 million) by the country’s financial watchdog, the Financial Supervisory Authority (Finansinspektionen), over deficiencies in monitoring insider trading violations. The regulatory body found flaws in how Nasdaq Stockholm conducted its trade monitoring during significant company events in 2021 and 2022. Deficiencies in trade monitoringThe investigation by the Financial Supervisory Authority revealed that Nasdaq Stockholm had shortcomings in its processes to prevent, identify, and report insid...
Invezz
The annual inflation rate in the UK reached the Bank of England’s (BoE) target of 2% in May, according to a report released by the Office for National Statistics (ONS) on Wednesday. This figure aligns with expectations and marks a decrease from April’s rate of 2.3%. The data highlights a significant easing in inflationary pressures, bringing some relief to consumers and policymakers alike. Key factors influencing inflation ratesThe ONS report identifies food prices as the primary factor contributing to the decline in both the Consumer Prices Index including owner occupiers’ housing costs (CPIH...
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Arm Holdings PLC (NASDAQ: ARM) has gained more than 150% since the start of this year but a Bank of America analyst expects the rally to further in the coming months. Arm stock has upside to $180Vivek Arya reiterated his “buy” rating on the chip designer and raised his price objective this morning to $180 which translates to about a 13% upside on its previous close. The Bank of America analyst is bullish on Arm stock primarily because the British multinational is stealing market share from the likes of Intel and even Advanced Micro Devices (AMD). He sees ARM shares as well positioned for furth...
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Bitcoin has been in kind of a downtrend over the past month considering it’s trading at $65,000 versus the high about $72,000 in May. Still, experts remain bullish as ever on what the future holds for the world’s largest cryptocurrency. Bitcoin to end the year at $100,000Michael Novogratz – the founder of Galaxy Digital continues to see BTC hit $100,000 level this year now that the U.S. regulator has approved the ETFs and the crypto itself has gone through the halving event. In fact, by the summer of 2025, Bitcoin could be valued at as much as $350,000, as per the world renowned author of Rich...
Invezz
FTSE 100 is currently down about 3.5% versus its year-to-date high in last month. But there’s a bunch of U.K. stocks that are trading at a much more attractive discount at writing. Here is our list of top three you should consider owning in 2024. easyJet plc (LON: EZJ)Down well over 20% versus its year-to-date high, easyJet is an undervalued U.K. stock that is worth owning this year. EZJ shares may be a great pick at writing because the management is committed to lowering net debt and improving the balance sheet at large and signs of their strategy working are already becoming evident. easyJet...
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Lennar Corp (NYSE: LEN) is trading down in extended hours on Wednesday even though it reported better-than-expected financial results for its second quarter. Lennar’s guidance for the third quarterInvestors are concerned because the guidance failed to impress. $LEN now expects to deliver up to 21,000 homes in the second quarter. New orders, it added, will fall between 20,500 and 21,000 in Q2. Stuart Miller – the co-chief executive of Lennar Corp said in apress release today: Although affordability continued to be tested by interest rate movements and simultaneously challenged consumer sentimen...
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GameStop Corp lost another 13% on Monday after its annual meeting concluded without a concrete update on the retailer’s future plans. GameStop hosted annual shareholder meeting on MondayThe video gaming merchandise company could not host its annual shareholders meeting last week as servers crashed due to a massive surge in interest. $GME, therefore, held its yearly meeting today which did not offer any colour of what the management plans on doing to turn this ship around. Earlier in June, GameStop reported a 29% year-on-year hit to its net sales in the first quarter to $882 million versus anal...
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In just a few years, meal kit delivery services have completely changed how we cook and eat at home. Once a niche idea, they’ve quickly become a go-to solution for many households, offering a convenient and flexible alternative to traditional meal prep. These services have hit the sweet spot, catering to our need for convenience, variety, and healthier eating, and it’s no wonder they’re becoming more and more popular. The Booming Meal Kit Delivery MarketIn recent years, the meal kit delivery market has exploded in popularity, providing an effortless way for people to enjoy home-cooked meals wi...
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Famed investor Jim Cramer remains convinced that the current environment is suitable for owning stocks. Here are the top three must-own stocks that he recommends buying for 2024. Okta Inc (NASDAQ: OKTA)Okta has lost roughly 20% over the past three months but the Mad Money host remains bullish as ever on the identity and access management company. “I think Okta is terrific” – that’s what Jim Cramer told a caller in May. The famed investor expressed confidence in the leadership of Todd McKinnon as well (chief executive of $OKTA) who, he’s convinced, “learned” from the recent hacking attack that ...
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Open Campus is a DAO and community-led protocol building a decentralised education ecosystem. Founded in 2023, it has set up a network that has already connected more than 50 institutions with over 20 million learners. To understand its first L3 blockchain built for education and how it works, Invezz spoke with Jonah Lau – Project Lead, Open Campus. On addressing blockchain related challengesInvezz: What are the biggest challenges for blockchain today, and how is EDU Chain addressing them to ensure security and scalability? The biggest challenges facing the Web3 ecosystem revolve around securi...
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