British financial technology company Revolut is shaking up the financial services industry once again by becoming the first firm in the UK to offer telecom plans. In a groundbreaking move, Revolut is set to provide phone plans to its customers, making it an innovator in the sector. This move signifies Revolut’s expansion beyond digital banking
Gold has always held a crucial role in human history, serving as a store of value and a medium of exchange. In today’s world, it is not only cherished for its shine and beauty in jewelry but also considered a safe-haven asset during times of uncertainty. The recent trends in gold prices in Pakistan depict
The Euro has been experiencing a decline against the US Dollar, falling below the 1.0800 level. However, there are signs of a recovery wave as EUR/USD tests the 1.0720 zone. On the 4-hour chart, the pair has managed to climb above the 1.0750 resistance zone. This move is significant as it surpasses the 23.6% Fib
The AUD/USD pair remains on the defensive during the early Asian session on Monday. With the markets closed in China for the Lunar New Year holidays, trading volume is noticeably light. Traders are now turning their attention to the risk sentiment in the new week. Last week, several Federal Reserve (Fed) officials emphasized that further
The Reserve Bank of Australia (RBA) Governor, Bullock, recently delivered a hawkish outlook on interest rates during the first RBA Press Conference. He stated that inflation would need to return to target before the RBA would consider cutting interest rates. However, during his testimony to lawmakers in Canberra, Bullock presented a less alarming outlook for
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, expressed her confidence in the global economic outlook despite uncertainties surrounding war and geopolitics. Speaking at the World Governments Summit in Dubai, Georgieva highlighted the resilience of the global economy in the face of challenges. This positive outlook comes as a surprise to many
In this article, we will critically analyze the latest economic indicators and central bank communications that are expected to impact the global financial markets. Specifically, we will focus on the German ZEW Economic Sentiment Index and US inflation expectations, shedding light on their potential implications. We will also examine other relevant factors, such as trade
Investors are always in search of lucrative investment opportunities, and there is one sector that has been consistently overlooked – oil stocks. Despite the abundant supply and impressive cash flow yields, oil stocks have been trading at a considerable discount. In this article, we will critically analyze the undervalued nature of these stocks and explore
The current state of Corporate America’s earnings growth is demonstrating a notable improvement. The initial forecast of a 4.7% year-over-year growth for the S&P 500 has been revised upward to an impressive 9% year-over-year growth. This upward trend is a clear indication that Corporate America is exceeding the expectations set by both analysts and investors.
The U.S. Senate is moving forward with a bill that includes a significant aid package of $95.34 billion for Ukraine, Israel, and Taiwan. However, the path to turning this bill into law is uncertain due to opposition from Republican lawmakers in both chambers of Congress. The Senate recently voted 64-19 to advance the legislation, but
Overdraft fees have long been a lucrative revenue stream for American retail banks, but recent regulatory pressure and changing consumer demands have significantly impacted this source of income. The three biggest American retail banks, JPMorgan Chase, Wells Fargo, and Bank of America, reported a combined 25% decrease in overdraft revenue in 2023 compared to the
The week leading up to February 7 witnessed a significant outflow of $13.38 billion from global equity funds, marking the largest withdrawal since June 2023. This reaction is in response to Federal Reserve Chair Jerome Powell’s comments on U.S. inflation and a robust jobs report, prompting a reassessment of the Fed’s rate decisions. The outflow