Author: Anthony M. Orbison
There was hope that, once the Federal Reserve started to cut interest rates on Sept. 18, some sort of huge rally might emerge.It didn’t exactly happen. Interest rates have been up a little. Stocks have climbed a bit higher, especially the Nasdaq Composite and Nasdaq-100 indexes. Microsoft (MSFT) , Amazon.com (AMZN) and even Apple (AAPL) moved lower in the last week. Related: PCE Inflation report resets bets on another big Fed rate cutBut chip giant Nvidia (NVDA) surged 4%. Tesla (TSLA) jumped 9.3%. It’s even up nearly 22% for the month and up 4.8% for the year. Finally. Bitcoin has risen 9.4%…
Sep 20, 2024 16:55 UTC | Updated: Sep 20, 2024 at 16:55 UTC By Clark RCO Finance (RCOF) is revolutionizing crypto trading with its AI robo advisor, allowing new traders to hit the ground running as quickly as possible. This article will explain how the robo advisor works and how traders can use it to make 100x returns. RCO Finance’s AI Robo Advisor Explained RCO Finance’s AI robo advisor is a revolutionary feature that improves trading outcomes using advanced algorithms and machine learning techniques. These algorithms help identify ideal trading opportunities in the various markets and convert them to actionable insights. Traders on…
Annice Lyn A major fire disrupted production at an important Tata Electronics plant in southern India which makes Apple (NASDAQ:AAPL) iPhone components, Reuters reported Saturday. At least 10 people received medical treatment, with two hospitalized, the report added. Tata Electronics is a major contract maker of iPhones in India. Apple (AAPL) and Tata Electronics did not immediately respond to a Seeking Alpha request for comment. Source link
By Milana Vinn and David French (Reuters) – Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the matter said on Saturday. The deal would mark TPG’s second such bet on a wealth manager within a week and underscores the burgeoning demand for dealmaking in the sector that generates lucrative fee income for managers. On Thursday, TPG clinched a deal to buy a minority stake in Homrich Berg. San Francisco-based TPG…
Este artículo también está disponible en español. Uniswap’s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone. With the market’s renewed bullishness, UNI might be on the road for some gains in the short term. Uniswap recently announced a development that may enhance user experience in using the platform altogether. Investors are excited as the platform continues to find innovative ways to improve user engagement. Related Reading Gas Abstraction: A Leap…
The blasts could be heard throughout Beirut, an earth-shaking thunder that rolled across the city on Friday evening. For Doctor Jihad Saadeh, director of Lebanon’s largest public hospital, it was the beginning of a sleepless night full of carnage. Saadeh’s private clinic was just a few hundred metres away from the target of Israeli jets that dropped bombs on at least six residential buildings that collapsed before his eyes. Their aim was to kill Hassan Nasrallah, the leader of Hizbollah, who was confirmed dead on Saturday.“We saw the jets of red smoke shoot up into the sky, the buildings just…
Mark Zuckerberg is hitting back at a major concern many consumers have about most social media apps, including his own platforms. As consumers and lawmakers are starting to raise red flags about social media and the negative impact it can have on the declining mental health of young users, the billionaire CEO of Meta Platforms (META) revealed in a recent interview with The Verge that he believes that there is “no causal connection” between the two.Related: Meta has spent millions on a controversial company perk Mark Zuckerberg loves“I think a lot of people take it as if it’s an assumed…
According to the data from Farside Investors, BlackRock purchased $184.4 million worth of Bitcoin (BTC), 2913 coins to be exact, on Wednesday, Sept. 25, 2024. The figure represents the highest amount of BTC purchased in a single day in September. The development also highlights the growing dominance of BTC-based exchange-traded funds (ETFs) in the US.Also Read: Cardano: What’s ADA’s Price If Its Market Cap Hits $500 Billion?Source: Farside InvestorsWith Wednesday’s $184 million BTC purchase, BlackRock’s total holdings have risen to 359,279 BTC, worth around $23 billion. The world’s largest asset manager, with nearly $10 trillion worth of assets under management,…
Volkswagen AG cut its guidance for a second time this year, warning that waning demand will undercut the German carmaker’s profitability as it squares off with unions over possible job cuts and unprecedented plant closures. The manufacturer said Friday that it now sees an operating margin of 5.6%. That’s down from a prediction of as much as 7% in July, when VW previously lowered its expectations, partly due to expected costs from closing an Audi plant in Belgium. Net cash flow in the automotive division is now expected to be less than half the level the company had foreseen. All three major…
ZURICH (Reuters) – UBS Chair Colm Kelleher warned on Sunday that the Swiss government’s plans to strengthen capital requirements for big banks could damage the country’s position as a financial centre. The government earlier this year laid out plans for tougher capital requirements for UBS and Switzerland’s three other big banks in a bid to make the financial sector more robust after the crash of Credit Suisse last year. In an article published in the Swiss newspaper SonntagsBlick, Kelleher said he agreed with most of the 22 recommendations in the government’s report, except for the proposal for more stringent capital…