Fintech giant Revolut, known for its cryptocurrency services, is reportedly working on its own stablecoin. The move comes as the stablecoin market sees increasing interest and new entrants, with major players like PayPal and Ripple joining the scene. Revolut aims to expand its crypto offerings with a focus on safety and accessibility.
Swvl Holdings Corp (SWVL) shares surged 45% on Wednesday after the company announced securing $2.6 million in new annual contracts in Saudi Arabia. These contracts, representing approximately 10% of Swvl’s 2023 revenue, mark a significant expansion in the company’s fastest-growing market.
Small-cap stocks are experiencing a surge in anticipation of the Federal Reserve’s anticipated interest rate cut. This rally is driven by the potential for lower borrowing costs, which could benefit smaller companies, especially those with debt. However, the economic outlook and earnings performance could impact this trend.
TELUS has announced a significant expansion of its Health for Good program, committing $16 million through 2027 to address healthcare needs in underserved communities. This commitment includes the launch of a new mobile health clinic in partnership with ASK Wellness Society, bringing primary healthcare and harm reduction services to those experiencing homelessness in the BC Interior.
Bitcoin Cash (BCH) is trading lower ahead of the Federal Reserve’s anticipated interest rate announcement. The potential rate cut, while generally positive for cryptocurrencies, is facing uncertainty due to recent strong economic data suggesting the U.S. economy might not need aggressive easing.
The global Medical Device Labeling market is poised for significant growth, projected to reach $1.78 billion by 2031, driven by increasing demand for customized labels, stringent regulations, and the rising prevalence of chronic diseases. This report explores key market drivers, restraints, trends, and leading players shaping the industry.
Odyssey Marine Exploration’s stock experienced a dramatic surge on Wednesday after the company was awarded $37.1 million in an arbitration case against Mexico under NAFTA. The award, which came after the stock plummeted Tuesday, has seen shares rise over 160% in a single day.
The Federal Reserve is expected to cut interest rates at its September meeting, but the size of the cut remains uncertain. While a 50-basis-point cut is the most likely scenario, Wall Street analysts predict a smaller 25-basis-point reduction. The Fed’s dot plot, which maps out future rate projections, will also be closely watched, as market participants anticipate a more aggressive forecast for rate reductions.
Applied Therapeutics’ stock price surged after the company received positive news from the FDA regarding its New Drug Application (NDA) review for govorestat, a potential treatment for Classic Galactosemia. The FDA has confirmed that an advisory committee meeting is no longer necessary, and the priority review of the NDA remains on track.
The Just Transition Fund (JTF) has announced the winners of its inaugural ‘Coal Communities Get Ready!’ Challenge, awarding $250,000 each to 12 organizations in coal-impacted communities across the US. The initiative aims to empower local leaders with the resources and technical expertise needed to secure federal funding and drive sustainable economic development.
