Loading… Loading… On Tuesday, large-cap indices experienced a downturn, while small caps surged, reflecting investor attention on stock valuations. The iShares Russell 2000 ETF IWM climbed by over 1%, on track for its fourth consecutive session of gains, representing the lengthiest streak since late 2023. Blue-chip stocks declined by 0.4%, while the Nasdaq 100 dipped
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A pseudonymous NFT entrepreneur known as Gmoney borrowed $1 million as a 180-day loan in tokenized U.S. dollars (USDC) using his prized Ape Punk #8219 as collateral on the Gondi lending platform. This is the first time a high-value single asset has been used to secure such a loan, according to the investor. The loan
Last weekend, I stood among thousands of Donald Trump supporters in a windy airfield, watching them watch their candidate. I traveled to the former presidents event just outside Dayton, Ohio, because I couldnt stop thinking about something that had happened one week earlier, at his rally in Georgia: Trump had broken into an imitation of
Loading… Loading… Shares of publicly listed firms such asSuper Micro Computerand Nvidiahave sparked investment discussions on social media platforms. While many seemingly joke about market volatility, others, with a more earnest approach, seek to learn. Navigating through the noiseis challenging. That's where StockTwits comes in. Established in 2009 following the Global Financial Crisis, StockTwits spent
Trial run — SpaceXs workhorse launch pad now has the accoutrements for astronauts “This system will help us scale to bigger towers and spaceships.” Stephen Clark – Mar 20, 2024 11:47 pm UTC Enlarge reader comments 45 Upgrades at SpaceX’s most-used launch pad in Florida will get a trial run Thursday with the liftoff of
Joe Biden courted the leaders of the Teamsters this week, looking for the endorsement of the 1.3-million-member union. He will probably get it. The Center for American Progress, a liberal think tank, calls him the most pro-union president in history. Hes already won the endorsement of many of the countrys most important unions, including the
nearly ready — Heres BMWs electric replacement for the X3production starts in 2025 BMW has developed an all new EV platform with better efficiency and more tech. Jonathan M. Gitlin – Mar 21, 2024 8:15 am UTC Enlarge reader comments 27 BMW provided flights from Washington to Lisbon and accommodation so Ars could be briefed
State tax revenue collections are softening and some are even negative compared to a year earlier, analysts say. “Most states are now grappling with weakened tax revenues and growing uncertainties, particularly related to the presidential election, potential federal policy changes, and geopolitical crises,” said Urban Institute Principal Research Associate Lucy Dadayan. “Overall, growth in state
S&P Global Ratings on Wednesday upgraded Louisiana’s general obligation bonds to AA from AA-minus. S&P also raised the long-term rating on the state’s appropriation-backed debt to AA-minus from A-plus. “The upgrades reflect our view of Louisiana’s demonstrated commitment to improving and maintaining reserves above levels that we consider very strong and the state’s ongoing effort
Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US Federal Reserve officials indicated on Wednesday that they still expected to cut interest rates by 75 basis points this year, a sign of confidence that inflation is cooling sufficiently to reduce borrowing costs. The
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control. The consumer prices
Offering trading infrastructure and building out regulated brokerages, Architect Financial Technologies raised capital to launch a U.S. derivatives brokerage. What Happened: Architect Financial Technologies secured $12 million in capital in its latest funding round, bringing its total funding to $17 million since its inception in January 2023, as per its official release. The current round
Mar 20 2024 Northwestern University The U.S. maternal mortality rate is accelerating at an alarming rate, reports a new study from Northwestern Medicine. But it's not due to the widely believed hypothesis that maternal mortality in the U.S. has increased largely because people are getting pregnant at older ages. In fact, the study found maternal
Loading… Loading… The Brazilian fintech Stark Bank, backed by Jeff Bezos, has seen a significant rise in profits while effectively managing its funding. What Happened: Stark Bank, a Sao Paulo-based company, has witnessed a three-fold increase in its payment processing business, reaching 155 billion reais ($31 billion) in 2023. This expansion has resulted in a
Magpie bridge — Rocket launch marks big step in building Chinas lunar infrastructure Queqiao-2 will relay data between Earth and Chinese spacecraft on the far side of the Moon. Stephen Clark – Mar 19, 2024 11:31 pm UTC Enlarge / A Long March 8 rocket, standing 165 feet (50 meters) tall, rolled out of its
The pressing need to combat a new breed of cybercriminals using artificial intelligence to trick their way into government and corporate records is likely to be the driving force behind AI deployment in the coming months. This was underlined on Wednesday after Microsoft Corporation MSFT said in a report that it had detected hacking groups
Smells fishy — Users ditch Glassdoor, stunned by site adding real names without consent Anonymous review site Glassdoor now consults public sources to identify users. Ashley Belanger – Mar 19, 2024 9:53 pm UTC EnlargeDigiPub | Moment reader comments 202 Glassdoor, where employees go to leave anonymous reviews of employers, has recently begun adding real
Three months after Florida’s private intercity passenger train system, Brightline, disclosed a 21% decline in projected ridership for 2024, it’s cutting its forecast again. The Fortress Investment Group-backed Brightline now anticipates carrying a combined 4.9 million passengers this year on its new long-distance service between Miami and the Orlando airport and the five-year-old South Florida
The municipal primary market was active Tuesday while triple-A scales were little moved despite U.S. Treasury gains ahead of the Federal Open Market Committee meeting conclusion Wednesday. Various large new-issues were well-received and cleared the market Tuesday, with several repricing to lower yields. Despite several larger deals entering the primary, the large amounts of cash