FIG Partners

Tesla | January 13, 2020

Tesla stock continued to rally Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than doubled over the past three months, according to FactSet. The recent gains bring Tesla’s market cap to about $90 billion, which is nearly $5 billion more than that of General Motors and Ford combined. The companies’ market caps, which measure ...

Reuters | January 28, 2020

Oil futures edged up on Tuesday after falling for five days, bouncing up with Wall Street, and crude also drew support from talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand. “WTI is correlating to U.S. equities, which are stronger,” said Bob Yawger, director of energy futures at Mizuho in New York. Stronger equities can indicate economic strength and, therefore, a better demand outlook for crude. U.S. stocks rose as gains in ...

SIX and Nasdaq | April 07, 2020

The Swiss Stock Exchange is to establish a jointly owned company with Nasdaq with the aim of building the largest microwave data transmission network in Europe. The new company, RF Nordic Express AB will build and operate microwave routes for the transmission of market data from Stockholm to London. SIX began offering microwave trading routes in Europe in 2018 through Zurich-based joint venture 12H AG, in which the Exchange now holds a majority stake. Connecting Zurich to London, Frankfurt and M...

Payments, Fintech

Businesswire | April 05, 2023

Zenus Bank, the digital bank that makes U.S. bank accounts available internationally, is proud to announce the acquisition of Financial Urban Exchange LLC (FUEX Payments), a fintech specializing in real-time payments for the Caribbean and Latin American (LAC) markets. This acquisition represents Zenus Bank's ongoing strategy to innovate and expand its service offering in the fintech industry and demonstrates its focus on delivering cutting-edge financial solutions to its cus...