New York Fed’s Latest Tool Shows Bank Reserves Still Abundant
The amount of reserves underlying the US banking system remains plentiful, according to a Federal Reserve Bank of New York gauge that will be published monthly.
The first estimates of Reserve Demand Elasticity released on Thursday suggest that reserves were still abundant as of Oct.
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Read MoreAmazon to invest in 3 nuclear plants as it scrambles to power AI programs
Amazon is the latest tech giant to embrace nuclear energy as it scrambles to supply electricity-hogging artificial intelligence programs.
Amazon Web Services, the Seattle-based e-retailer’s cloud computing unit, said Wednesday it will invest more than half a billion dollars in three projects — one in Washington state, one in Virginia and another in Pennsylvania.
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Read MoreChipmakers send tech shares yo-yoing
Israel says it has killed Yahya Sinwar, Hamas’s leader and the architect behind the October 7 2023 attacks. Mixed quarterly earnings from chipmakers send tech stocks yo-yoing, and the European Central Bank has cut interest rates by a quarter-point, amid signs that growth and inflation are weakening. Plus, South Africa’s Government of National Unity works to resolve tensions as it passes its 100-day milestone.
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Read MorePension fund and insurance company use of ETFs surges in Europe
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Institutional adoption of exchange traded funds by asset owners such as pension funds and insurance companies has accelerated in Europe since 2020,
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Read MoreStock market today: Dow, Nasdaq, S&P 500 recover from lows as Treasury yields hit highest level since July
Trump Media & Technology Group stock (DJT) hit its highest level since July on Tuesday, rising as much as 10% as investors bet on former President Donald Trump’s improved odds of winning the November election in exactly two weeks.
Shares in the company, the home of the Republican nominee’s social media platform Truth Social,
Read MoreThe Burst
The Ivy
1 AI Stock To Hold For A Decade
When Palantir first came public, it was met with a degree of skepticism and mystery. The company had long been famous for its connections to government and intelligence. But since its public markets debut, Palantir has largely disappointed.
The early pop in 2021 to $35 per share has long faded and now, sitting under $10 per share,
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