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Why Is Papa John’s Closing 300 Stores Across the US?
latestly37d ago

Why Is Papa John’s Closing 300 Stores Across the US?

Papa John’s is set to close 300 underperforming restaurants across the United States by the end of 2027 as part of a major cost cutting and restructuring plan aimed at reviving growth and improving profitability.

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Canadian PM Mark Carney to embark on India trip today; why it matters
news9live37d ago

Canadian PM Mark Carney to embark on India trip today; why it matters

Canadian PM Mark Carney’s momentous India visit (Feb 27-March 2) aims to mend strained bilateral ties and foster economic cooperation. Experts view it as a turning point, potentially reviving a Free Trade Agreement. The visit underscores Canada’s push for new partners beyond the US, with a focus on boosting trade, investment, and securing critical resources like uranium for India.

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Jack Dorsey’s Block Slashes 4,000 Jobs to Lead 'AI-First' Overhaul; Stock Jumps 24% on New Efficiency Play
republicworld37d ago

Jack Dorsey’s Block Slashes 4,000 Jobs to Lead 'AI-First' Overhaul; Stock Jumps 24% on New Efficiency Play

Block shares jumped over 24%, touching gains of up to 27% in extended trading, after the company announced plans to cut more than 4,000 jobs, reducing its workforce by roughly 40%. The move coincided with quarterly revenue of $6.25 billion, adjusted EPS of $0.65, and upgraded long-term projections, including $12.2 billion in gross profit for 2026 and $3.66 in adjusted EPS.

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USD/CNH Soars: PBOC’s Decisive 0% FX Risk Reserve Cut Sparks Market Recovery
bitcoinworld37d ago

USD/CNH Soars: PBOC’s Decisive 0% FX Risk Reserve Cut Sparks Market Recovery

BitcoinWorldUSD/CNH Soars: PBOC’s Decisive 0% FX Risk Reserve Cut Sparks Market RecoveryIn a pivotal move for global currency markets, the USD/CNH pair surged decisively above the 0.8500 threshold on March 15, 2025. This recovery followed an immediate market reaction to the People’s Bank of China’s announcement that it would reduce the foreign exchange risk reserve ratio for financial institutions to 0%. Consequently, analysts are scrutinizing this [...]This post USD/CNH Soars: PBOC’s Decisive 0% FX Risk Reserve Cut Sparks Market Recovery first appeared on BitcoinWorld.

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3 excellent ASX ETFs to buy for an SMSF in March
fool_au37d ago

3 excellent ASX ETFs to buy for an SMSF in March

These funds offer easy access to some of the best stocks in the world.The post 3 excellent ASX ETFs to buy for an SMSF in March appeared first on The Motley Fool Australia.

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China stocks slip but eye weekly gain on tech, policy optimism
brecorder37d ago

China stocks slip but eye weekly gain on tech, policy optimism

SHANGHAI: China stocks fell on Friday but were set for a weekly gain, as onshore investors rebuilt positions after the holiday on hopes the upcoming National People’s Congress will back technology and innovation.Hong Kong shares rebounded on a tech-driven boost.China’s blue-chip CSI300 Index was down 0.7% by the lunch break, while the Shanghai Composite Index edged 0.2% lower.Hong Kong’s benchmark Hang Seng Index climbed 0.8%.The CSI300 Index was on track to end the holiday-shortened week 0.7% higher, while the Hang Seng Index has climbed 0.6% so far this week.Onshore sentiment has improved as investors rebuilt equity positions post-holiday, state-linked funds paused heavy selling, and expectations grew that the upcoming National People’s Congress will unveil policies supporting technology, innovation and domestic consumption, analysts at Morgan Stanley said in a note.The closely watched annual parliamentary meeting will begin on March 5, state media reported in late December.Hong Kong-listed tech majors rebounded 1% after three consecutive sessions of losses, although the sector is on track to finish the week 1% lower.The recent pullback in the Hang Seng Tech Index suggests some investment flows may be shifting toward consumer stocks, UBS analysts said, noting that sentiment remains positive on low valuations, reflation trades, and early strength in sectors such as baijiu (China’s strong distilled liquor), dairy, and other staples.Onshore consumer staple shares rose 0.5%. China’s yuan halted a long rally on Friday after authorities made their strongest pushback yet against its gains by cutting the cost of buying dollar forwards.A weaker yuan could help money flow to Hong Kong market via the Stock Connect scheme. Shares of onshore semiconductor material and equipment companies fell nearly 3%, following an overnight drop in US-based AI darling Nvidia. The CSI Coal Index climbed 2%.The US International Trade Commission said on Thursday it would investigate the economic impact of revoking China’s permanent normal trade status over a six-year period, a move that would likely increase tariffs on Chinese imports.

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