The digital remittance landscape is rapidly evolving, and amidst this backdrop, British fintech Zepz (formerly known as WorldRemit) is undertaking significant restructuring efforts. This restructuring has, unfortunately, resulted in the layoff of approximately 200 employees, which is about 20% of its global workforce. Such drastic measures are pivotal for the company’s future as it navigates
Finance
In a surprising move, former President Donald Trump has called for an end to the production of new pennies in an effort to combat what he considers “wasteful” government spending. His statements reveal not only his belief that the manufacturing of pennies is an unnecessary expenditure, but also that it reflects a broader view on
The recent turmoil surrounding the Consumer Financial Protection Bureau (CFPB) has raised questions about the agency’s future, effectiveness, and commitment to consumer protection. This article dissects the events that have triggered significant concern among CFPB employees and the broader financial regulatory landscape, patterning it against a backdrop of political strategies, agency roles, and the future
The political and economic landscape in the United States shifted dramatically with the advent of the Trump administration. Many analysts have noted that this regime’s approach, particularly regarding deregulation and a focus on domestic industries, has spurred movements within various market segments. Two sectors that stand to gain significantly from these changes are large financial
In the rapidly evolving investment landscape, the dominance of Big Tech stocks poses a significant challenge for investors seeking diversification. The S&P 500 index, a cornerstone for many investment portfolios, has become increasingly reliant on a handful of tech giants—collectively known as the “Magnificent Seven.” This group, which includes Apple, Microsoft, Nvidia, Amazon, Meta Platforms,
The dynamic landscape of financial markets is heavily influenced by the periodic earnings reports of publicly listed companies. These financial disclosures often cause significant fluctuations in stock prices, illustrating the ever-changing expectations of investors and analysts alike. This article takes a deeper look at several companies that recently reported their earnings and how their stock
In the world of finance, January often serves as an early indicator of the year’s market trends, and for Ken Griffin’s hedge fund, Citadel, the month proved to be a mixed bag of successes and challenges. Reports indicate that Citadel’s flagship fund, Wellington, managed to achieve a modest gain of 1.4% in a month marked
The landscape of international trade has undergone significant upheaval, particularly following President Donald Trump’s announcement of tariffs that could catalyze a global trade war. This article will delve into the consequences of these trade policies, which have sent ripples through U.S. industries, stock markets, and corporate strategies. With tariffs looming large over key trading partners
This week marks a significant milestone in the financial world as the Nasdaq 100 celebrates its 40th anniversary. Since its inception on January 31, 1985, the index has witnessed an astounding surge of over 17,000%. This extraordinary growth has solidified the Nasdaq 100’s status as a key player in the technology sector. However, this anniversary
As the year unfolds, the initial public offering (IPO) landscape in 2025 is beginning to take shape, albeit amidst a cautious response from investors. The current year has seen more than a dozen companies, including Twin Peaks, making their debut on the Nasdaq as early as Thursday. However, the general market reception has been lukewarm