Can the S & P 500 Maintain Momentum as it Breaks Past 5,000? Investors are closely watching the S & P 500 as it reaches a historic milestone, surpassing the 5,000 mark for the first time ever. While this number doesn’t hold technical significance, it does carry psychological weight for investors. The question now is…
SoftBank’s Arm Investment Outshines WeWork Losses in After-Hours Trading Masayoshi Son’s SoftBank Makes Significant Gains with Arm’s After-Hours Trading Masayoshi Son’s SoftBank made more in Arm’s after-hours trading on Wednesday than the total amount the company lost from its disastrous bet on now-bankrupt WeWork. Arm shares rocketed as much as 41% late Wednesday after the…
Tech Earnings Report: AI Investment Strategies and Trends Introduction It was a big week for tech earnings, with Microsoft, Meta, Alphabet, Amazon, and Apple all reporting over the past few days. Artificial intelligence was a prominent focus in their discussions. Investing in AI at Scale Executives emphasized the need to invest in AI to drive…
Biden Administration to Implement Student Loan Forgiveness for Borrowers in Financial Hardship The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. Following the Supreme Court’s rejection of President Joe Biden’s executive order to cancel up to $20,000 in student debt for tens of millions…
Singapore’s Central Bank Maintains Policy and Exchange Rate Band Summary Singapore’s central bank, the Monetary Authority of Singapore (MAS), announced on Monday that it will keep its policy unchanged in its first quarterly monetary policy decision of 2024. Furthermore, MAS will maintain its exchange rate policy band known as the Singapore dollar nominal effective exchange…
Haslam Family Sells Remaining Stake in Pilot Travel Centers to Berkshire Hathaway The Haslam family announced on Tuesday that their company, Pilot Corporation, has completed the sale of its remaining 20% ownership interest in the truck-stop giant Pilot Travel Centers to Berkshire Hathaway. Details of the sale have not been disclosed. has reached out to…
Social Media Posts by Maldivian Officials Spark Calls for Boycott, Threaten Millions in Tourism Revenue Introduction Social media posts by Maldivian officials may cost the country millions in tourism revenue, as calls by Indian travelers to boycott the island nation intensify. Ankit Chaturvedi, vice president and global head of marketing at the India-based travel software…
Cliff Asness’ AQR Capital Management Multistrategy Funds Deliver Strong Performances Cliff Asness’ longest running multistrategy fund at AQR Capital Management achieved an impressive return of 18.5% in the previous year, net of fees, according to a reliable source familiar with the performance data. The AQR Absolute Return strategy, which has been active since 1998, largely…
OpenAI Releases ChatGPT App for Android A few days after putting up a pre-order page on Google Play, OpenAI has flipped the switch and released ChatGPT for Android. The app is now live in a handful of countries, such as the U.S., India, Bangladesh, and Brazil. If you live in a country that isn’t part…
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