Day: July 28, 2024
‘Rate cut winners’: Barclays names global stocks to buy when interest rates are cut
Barclays has identified a list of global stocks poised to benefit as central banks in Europe and the U.K. prepare to cut interest rates. The investment bank’s analysis comes as financial markets anticipate a shift in monetary policy, with potential implications for various sectors and companies. The European Central Bank and the Bank of England […]
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Here’s how to trade the S&P 500 after the volatility, according to the pros
Is this week’s volatility in U.S. stocks a buying opportunity? How can the S & P 500 be traded? Those are some questions that might be on investors’ minds as the S & P 500 and the Nasdaq both tumbled this week — on declines in tech and other stocks — with both indexes on […]
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‘Sports tourism’ is huge. But the Summer Olympics caused travel to Paris to plummet
Was it the Parisians who bluntly told travelers “do not come” to Paris during the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away? For a multitude of reasons, many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications […]
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Stock futures are little changed ahead of loaded week for tech earnings
Stock futures were largely flat on Sunday evening as Wall Street gears up for a busy week of corporate earnings. Futures tied to the Dow Jones Industrial Average ticked up 52 points, or about 0.1%. S&P 500 futures inched up 0.1%, while Nasdaq 100 futures added 0.2%. The move in futures comes after a volatile […]
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Elon Musk retweets altered Kamala Harris campaign ad
Elon Musk, the owner of X, retweeted a parody Kamala Harris campaign ad Friday without labeling it as misleading, an apparent violation of his own platform’s rules. Portions of video footage in the altered content — such as Harris speaking to crowds, and general videos of her supporters — were used in a recent Harris’ campaign […]
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Trump didn’t match RFK Jr.’s promise to build a ‘bitcoin Fort Knox’ — here’s why
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, on July 24, 2024. Marco Bello | Reuters NASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin strategic reserve currency during his Saturday keynote speech at the biggest bitcoin conference of […]
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Israel vows to hit Hezbollah after rocket kills 12 on football field
People gather during the funeral of children who were killed at a soccer pitch by a rocket fired from Lebanon, in Majdal Shams, a Druze village in the Israeli-occupied Golan Heights, July 28, 2024. Ammar Awad | Reuters Thousands of mourners attended funeral ceremonies on Sunday for the 12 children and teenagers killed by a rocket […]
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‘Deadpool and Wolverine’ snares $205 million domestic opening, highest R-rated debut ever
Hugh Jackman and Ryan Reynolds star in Marvel’s “Deadpool and Wolverine.” Disney Marvel is back on top. “Deadpool & Wolverine” shattered box office records this weekend, tallying $205 million in domestic ticket sales during its opening, the highest debut of 2024 and of an R-rated film ever. The film outpaced analysts’ expectations, which called for […]
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This biographer exchanged emails with Bernie Madoff from prison for a decade. Here’s what he learned
Richard Behar Courtesy: Lizzie Cohen You probably haven’t heard Bernie Madoff’s name in awhile, but that doesn’t mean the infamous fraudster’s story is over, or the pain he inflicted. Irving Picard, an 83-old court-appointed trustee, still spends his days trying to claw back money from the those who benefitted from Madoff’s Ponzi scheme, and to […]
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Generative AI requires massive amounts of power and water, and the aging U.S. grid can’t handle the load
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate enough electricity for the widespread adoption of AI, and whether our […]
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