NEW YORK (AP) — Wall Street faded on Tuesday following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.
The S&P 500 fell 0.6 percent for a third straight loss, though it remains near its all-time high set last week. The Dow Jones Industrial Average added 10 points,
» Read more about: Wall Street fades as Nvidia, Palantir, other AI stars dim »
Five years after the explosive rally that turned Cathie Wood‘s ARK Innovation ETF ARKK into a retail phenomenon, ARKK is once again outshining Big Tech — but the dynamics fueling this rally feel more grounded than the zero-rate, stimulus-fueled mania of 2020.
» Read more about: Cathie Wood's ARKK Is Beating Big Tech Like It's 2020 Again — But With A Twist »
Investor Cathie Wood‘s firm ARK Invest released a new research paper outlining the autonomous ride-hailing sector’s growth in the U.S., as well as predicting Tesla Inc.‘s TSLA Robotaxi roadmap.
The company’s Austin factory could produce enough units to surpass the entire ride-hail fleet in the city in approximately 9 days,
Sebi plans to introduce an intraday limit in index options trade to prevent excessive positions by clients. This move follows a crackdown on high-frequency trading firms and aims to enhance oversight …
» Read more about: Sebi likely to introduce intraday limits for index options trading »
Outflows from U.S. ETFs tracking Ethereum’s spot price hit $197 million on Monday—the second-highest figure ever for daily withdrawals.
The sell-offs come as the queue for unstaking ETH also surged to new records, with $3.9 billion worth of withdrawals now pending.
BRN Head of Research Timothy Misir warned both factors are “pressuring near-term sentiment.”
By Davide Barbuscia
NEW YORK (Reuters) -As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates,
Don’t expect the Fed to rescue the housing market.
Markets have their eye on the Fed’s likely interest rate cut in September, but Peter Boockvar, the CIO of One Point BFG Wealth Partners, has a two-part thesis as to why housing will stay expensive, even if the Fed trims its benchmark rate.
Prices rose 3.8% in the year to July, up from 3.6% the previous month, stoking fears that interest rates will remain higher for longer as the Bank of England continues to battle stubborn inflation, writes Kevin Pratt.
» Read more about: Future Rate Cuts In Question As Inflation Hits 3.8% In July »
LONDON (AP) — Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.
The Office for National Statistics said consumer price inflation was 3.8% in the year to July,
“This is a lifetime decision, so you’re seeing a smaller benefit” year after year, Eskovitz says. “If you don’t have any other retirement income, that can be really devastating.”
Video: Should You Claim Early Social Security During an Economic Downturn?
» Read more about: AARP Exclusive: Why More Americans Are Suddenly Claiming Social Security Early »