The recent softer U.S. consumer inflation readings have had a notable impact on Asian currencies, with most of them rising as a result. This movement was largely driven by the dollar weakening to a one-month low, prompting traders to increase their bets on a potential interest rate cut in September. However, despite this overall trend,
Seth Klarman, the renowned hedge fund investor, seems to have a keen eye for investing in artificial intelligence-linked stocks. In the first quarter, he made significant buying moves, acquiring a sizable stake in Outbrain, a web recommendation platform that utilizes AI predictions for advertisers and media owners. Additionally, he took a smaller position in Soundhound
Netflix recently announced that its cheaper, ad-supported tier has reached 40 million global monthly active users, nearly doubling the 23 million figure shared earlier this year. The streaming giant also unveiled plans to launch its own advertising platform, moving away from its partnership with Microsoft for technology. The company aims to test the ad tech
The House Committee on Transportation and Infrastructure is now grappling with the issue of how much the federal government should contribute to the reconstruction of the Francis Scott Key Bridge, originally financed by bonds. Following the collapse of the bridge due to a collision with a container vessel, President Biden expressed his intention for the
There has been a growing trend among state and local governments to redeem or refund their Build America Bonds (BABs) in light of current interest rate fluctuations. This trend has raised questions regarding the legality of such actions, particularly as issuers navigate the complex landscape of subsidy payments and budget restrictions. BABs, which were introduced
Interactive Brokers (Nasdaq: NASDAQ:IBKR) has made a major announcement by introducing cryptocurrency trading in the United Kingdom through its platform. This move opens up new opportunities for individual and institutional investors alike to diversify their portfolios and explore the world of digital assets. With the addition of crypto assets such as Bitcoin, Ethereum, Litecoin, and
Despite a recent drop in mortgage rates to their lowest level since April, buyers are still facing challenges in affording today’s housing market. This struggle is evident in the stagnant pace of mortgage demand, which only increased by 0.5% from the previous week according to the Mortgage Bankers Association’s index. The average contract interest rate
In the recent trading session, most Asian currencies have shown a slight uptick against a weakening dollar. This movement comes as markets eagerly anticipate the release of key U.S. inflation data later in the day. The confidence in the Federal Reserve not hiking interest rates further in 2024, as indicated by Chair Jerome Powell’s comments,
The recent surge in AMC Entertainment’s stock price, driven by the return of “Roaring Kitty” aka Keith Gill, has sparked speculation about the company’s ability to capitalize on the momentum and potentially improve its financial situation. This resurgence comes on the heels of the massive short squeeze of 2021, which saw AMC shares more than
The average down payment for home purchases has increased to 13.6% in the first quarter of 2024, according to data from Realtor.com. Despite this uptick, it is still far below the perceived standard of 20% that many people associate with buying a home. The median down payment amount was reported at $26,000, indicating that buyers