Could the markets be mistaken about a Republican landslide? From Investing.com

Could the markets be mistaken about a Republican landslide? From Investing.com

Investing.com — Markets are increasingly factoring in the possibility of a Donald Trump victory and Republican control of Congress. However, Gavekal Research has warned that current polls do not necessarily support the expectation of a “red wave” and this could lead to a potential “violent reversal” in U.S. stocks. Tan Kai Xian from Gavekal Research … Read more

Increase in UK minimum wage to £12.21

Increase in UK minimum wage to £12.21

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Tips for coping with election stress

Tips for coping with election stress

“ Many people are finding it difficult to stay focused due to the upcoming Election Day, with vice president Kamala Harris and former president Donald Trump in a tight race for the leadership of the country. The constant barrage of campaign-related information can be overwhelming and make it challenging to concentrate on work. A recent … Read more

Flash floods in southern and eastern Spain triggered by heavy rains, reports Reuters

Flash floods in southern and eastern Spain triggered by heavy rains, reports Reuters

Heavy rains caused by a cold front sweeping across southeastern Spain led to flooding in various areas on Tuesday, prompting authorities to advise citizens to stay home and avoid unnecessary travel. Spain’s state weather agency, AEMET, issued a red alert in the eastern Valencia region and the second-highest level of alert in parts of Andalusia … Read more

McDonald’s experiences consecutive drop in quarterly sales for the second time

McDonald’s experiences consecutive drop in quarterly sales for the second time

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. McDonald’s experienced a second consecutive decline in sales during the third quarter, as it grappled with weak consumer demand in international markets like France, the UK, the Middle East, and China. The fast-food giant reported … Read more

Startup developing ‘AI colleagues’ in finance secures $8.7M seed funding led by General Catalyst

Startup developing ‘AI colleagues’ in finance secures .7M seed funding led by General Catalyst

Sapien, a platform that creates “autonomous coworkers” for finance professionals, has officially launched with an $8.7 million seed fund. The startup uses AI to analyze company financials and manage complex workflows in minutes. Sapien’s tools are like “AI coworkers” that work alongside finance teams. The founders—CEO Ron Nachum, CTO Pranav Ravella, and chief scientist Arya … Read more

Piper Sandler gives Meridian Bank shares a Neutral rating, increases target following Q3 EPS outperformance

Piper Sandler gives Meridian Bank shares a Neutral rating, increases target following Q3 EPS outperformance

On Tuesday, Piper Sandler adjusted its outlook on Meridian Bank (NASDAQ: NASDAQ:), increasing the price target to $15.00 from the previous $14.00, while keeping a Neutral rating on the stock. The adjustment follows Meridian Bank’s third-quarter earnings report, which revealed earnings per share (EPS) of $0.42. After accounting for minor securities losses, the core EPS … Read more

What preparations are investors making for the Budget?

What preparations are investors making for the Budget?

Executives are offloading shares, investors are adjusting their bond portfolios, and some business owners are even accelerating planned liquidations ahead of Labour’s first Budget in 14 years. People are taking steps to reduce their exposure to what could be the largest tax-raising Budget in a generation, with chancellor Rachel Reeves expected to outline plans to … Read more

Consensys layoffs: Ethereum company reduces staff by 20%

Consensys layoffs: Ethereum company reduces staff by 20%

Consensys, the creator of the popular MetaMask cryptocurrency wallet, is laying off more than 160 employees across all departments of the company. CEO Joe Lubin announced the layoffs in a blog post, citing challenges from the macroeconomy and legal expenses related to the company’s ongoing battles with regulators. “Multiple cases with the SEC, including ours, … Read more

Saudi Arabia’s stock market closes higher; Tadawul All Share index increases by 0.07% according to Investing.com

Saudi Arabia’s stock market closes higher; Tadawul All Share index increases by 0.07% according to Investing.com

Saudi Arabia stocks closed higher on Tuesday, with gains in the , and sectors leading shares higher. At the close, the added 0.07%. Some of the best performers of the session on the were Al Baha Investment and Development Company SJSC (TADAWUL:), which rose 8.33%, Zamil Industrial Investment Co (TADAWUL:) which added 6.39%, and Saudi … Read more