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Nestlé S.A. is evaluated among the top cookies and crackers stocks as the global market, valued at $100.2 billion in 2023, is projected to grow to $122.45 billion by 2030, driven by North America and rapid expansion in Asia Pacific. Despite economic pressures, snacking remains a resilient category, with consumers maintaining spending habits. Meanwhile, Mondelēz International's potential acquisition of Hershey could reshape the confectionery landscape, competing with Mars' upcoming merger with Kellanova.
Revolut has partnered with Binance to list Binance Coin (BNB) for its 40 million global users, despite BNB's recent price drop of 9.4% to $635, reflecting broader market trends. The listing is expected to enhance user engagement on both platforms, with BNB's trading volume increasing by 7.6% to over $3 billion. Analysts suggest potential support levels for BNB at $710, $650, and $632, with a long-term price target between $805 and $900 if buying activity remains strong.
Starting January 15, 2025, Google will require advertisers of crypto exchanges and wallets targeting the UK to register with the Financial Conduct Authority (FCA). Ads for hardware wallets are permitted if they do not offer additional services like trading, with compliance to local laws expected globally. This policy aligns with ongoing regulatory efforts to combat unauthorized crypto promotions, as seen with recent warnings from the FCA regarding unregistered projects.
The UK's Financial Conduct Authority (FCA) has launched a public consultation aimed at establishing clear crypto regulations to combat fraud and market abuse, with draft regulations expected by 2025 and full implementation by 2026. In the evolving crypto landscape, Plus Wallet offers top-tier security and multi-chain compatibility, allowing users to manage assets seamlessly across various blockchains. Meanwhile, MetaMask has introduced its MetaMask Card in Brazil, Mexico, and Colombia, facilitating easy crypto payments integrated with Mastercard, Apple Pay, and Google Pay.
The UK Financial Conduct Authority (FCA) has launched a public consultation on crypto regulations, focusing on fraud and market abuse, with new regulations expected by 2025. Meanwhile, MetaMask has introduced its MetaMask Card in Brazil, Mexico, and Colombia, allowing seamless crypto transactions through Mastercard integration. Plus Wallet stands out for its robust security features and multi-chain support, catering to both new and experienced users while ensuring asset protection and flexibility.
Copper Technologies, backed by Barclays, has withdrawn its application for a UK crypto license due to regulatory challenges, opting to focus on international markets under new CEO Amar Kuchinad. The firm is prioritizing growth in Switzerland, Hong Kong, and Abu Dhabi, where regulatory frameworks are more favorable. This decision follows the FCA's report indicating a high rejection rate for crypto firms, with 87% of applications facing withdrawal or rejection.
Google is set to enforce stricter requirements for UK crypto advertisers, mandating FCA registration for crypto exchanges and software wallet providers starting January 2025. However, hardware wallets can advertise without registration if they only store private keys. This policy update, effective January 15, applies globally and follows a history of evolving regulations in the crypto advertising space. In late 2023, Google also announced that ads for “Cryptocurrency Coin Trusts” will be permitted starting January 29, coinciding with the SEC's approval of spot Bitcoin ETFs for trading.
UBS analysts have declared an overweight position on the United Kingdom in their Outlook 2025 report, citing five key reasons. Notably, the UK tends to excel when defensive sectors are performing well, indicating a positive outlook for investors.
UBS analysts have declared an overweight position on the United Kingdom in their Outlook 2025 report, citing five key reasons. Notably, the UK tends to excel when defensive sectors are performing well, indicating a positive outlook for investors.
US interest rate markets saw slight upward trends, with the two-year Treasury yield falling to 4.13% and the ten-year to 4.18%. Corporate investment grade and high yield indices gained 1.34% and 1.15%, respectively, while commodity prices weakened, particularly gold and crude oil. Equity hedged strategies across US, European, and Asian markets generally produced positive returns, driven by strong performances in consumer discretionary and financial sectors, despite some volatility in healthcare and energy.
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