Jim Cramer believes that people who say AI is hype are “just kidding themselves”
2023 has been a strong year for US markets so far, with the S&P 500 (INDEX: .INX) up 17%. This has led tech giants like Apple company…
The debate over interest rates at the Fed is shifting
(Bloomberg) — As Federal Reserve officials near the end of their tightening campaign, the debate is shifting from how high interest rates need to be to how…
China is cutting the rate by the most since 2020 as economic woes worsen
(Bloomberg) — China’s central bank unexpectedly cut its key interest rate by the most since 2020 to prop up an economy that faces new risks from deteriorating…
The future of the Hawaiian Electric Company is in doubt after the billion-dollar collapse
(Bloomberg) — The Hawaiian Electric Company, which supplies energy to nearly 95% of the state’s population, traces its roots back to 1891, just a decade after King…
Schwab says the TD Ameritrade deal is spurring retail and advisory attrition
(Bloomberg) — Charles Schwab Corp. said it is seeing temporary lower net inflows of client funds as the brokerage sees a drain on some of the assets…
$138 billion from China’s shadow bank spirals into a terrible time for Xi
(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion yuan ($138…
The Pleasures of Life: Eating Chips Like I Were and Feeling Like the World Might End Then 🌎, but…
The pleasures of life: eating chips 🍟 like you would and feeling like the world might end later, but you’ll be happy 😀 right? 😅 We read…
Buffett’s Berkshire Hathaway unveils new homebuilding bets with stakes of DR Horton, Lennar and NVR
Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) revealed new positions in three US homebuilders on Monday, sending shares of each firm higher as the billionaire bets on the…
Inside Pierre Frey’s fresh and vibrant Parisian home
“I have the shortest flight ever,” Pierre Frey says of his daily routine. “It’s a few seconds, and that’s nice.” Indeed, door-to-door, that journey takes him from…