Energy prices are on the rise, and master limited partnerships (MLPs) are catching the attention of legendary investor Bill Gross. In a recent social media post, Gross expressed his love for MLP pipelines, comparing them favorably to artificial intelligence. MLPs have seen significant growth in the past 12 months, with some climbing by double digits.
Alphabet’s recent cloud event has sparked optimism among investors, particularly in light of concerns about the tech giant’s artificial intelligence (AI) capabilities. Despite facing challenges in the AI realm, Google Cloud’s unique assets and upcoming product announcements could help differentiate its offerings and improve market sentiment. Wall Street analysts, such as Bank of America’s Justin
The housing market in the United States is currently experiencing a surge in the number of “million-dollar” cities, where the typical home is valued at $1 million or more. According to a recent analysis by Zillow, there are now 550 such cities in the country, an increase of 59 from the previous year. This surpasses
After a period of dormancy since October, General Motors’ Cruise self-driving unit has announced the redeployment of its vehicles on U.S. roadways, starting with a small fleet of human-driven cars in Phoenix. This move marks a significant step towards the unit’s long-term mission of achieving fully driverless operations. Unlike before, the redeployed vehicles will not
In a rapidly evolving financial landscape, digital assets have gained significant traction, with stablecoins emerging as a promising use case. The need for industry standards to regulate the development and issuance of stablecoins has become increasingly apparent. Companies like JST Digital are playing a crucial role in shaping the future of stablecoins by joining organizations
In a surprising move, Brazilian private equity firm 3G Capital recently divested its 16.1% stake in Kraft Heinz, signaling the end of an era. This decision came nearly nine years after orchestrating the merger between Kraft Foods and Heinz alongside Warren Buffett. The gradual decrease in 3G’s control over Kraft Heinz became evident as its
The recent announcement of a strategic partnership between ChainwiredWallet Network and Mysten Labs has sparked interest in the blockchain community. This partnership aims to introduce multi-chain interoperability into the DeFi ecosystem on Sui, a groundbreaking Layer 1 and smart contract platform. By integrating dWallet primitive, applications on Sui can now sign transactions on Bitcoin and
Texas has recently made a controversial move to terminate a 52-year agreement for a toll lane project on the State Highway 288. The termination, which was instigated by the Texas Transportation Commission on March 28, will come at a hefty cost of $1.7 billion to the Texas Department of Transportation (TxDOT). This decision has raised
The currency markets in Asia saw little movement on Tuesday as traders awaited key U.S. inflation data later in the week. Despite repeated warnings of government intervention, the Japanese yen continued to weaken, moving back towards 34-year lows. This lack of significant movement was attributed to caution among traders who were waiting for more cues
The recent surge in Treasury yields has bolstered the US dollar, and this trend is likely to continue as Federal Reserve speakers emphasize caution in cutting rates prematurely. Macquarie suggests that Fed speakers scheduled for the upcoming week will adopt a hawkish stance, distancing themselves from Chairman Jay Powell’s dovish tone. This divergence in views