Author: Investor Empires
-
Nvidia’s surge reveals a pitfall of passive investing: Morning Brief
•
This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: Nvidia (NVDA) hit its 43rd record closing high on Tuesday, putting its 2024 return close to 175%. Unfortunately, passive investors who rely on mutual funds and ETFs as investment…
-
Joby Aviation says FAA gives nod for in-house software for air-taxi operations By Reuters
•
By Abhijith Ganapavaram (Reuters) – Gobi Aviation (NYSE:) said on Thursday that the U.S. aviation regulator has allowed the use of the air taxi maker’s in-house software to perform tasks such as managing pilot workload and matching passengers to aircraft similar to ride-hailing applications. The approval of the operating system,…
-
onsemi to invest up to $2B to build chip facility in Czech Republic
•
sefa ozel/E+ via Getty Images onsemi, based in Scottsdale, Arizona, plans to invest up to $2 billion to build an integrated silicon carbide manufacturing facility in the Czech Republic. Company He said on Wednesday that the site will produce smart power semiconductors needed to improve energy efficiency in applications In…
-
South African rand edges lower, focus on president’s cabinet picks By Reuters
•
JOHANNESBURG (Reuters) – Shares fell in early trade on Thursday, with investors turning cautious ahead of newly re-elected President Cyril Ramaphosa’s cabinet appointments under a unity government. At 0726 GMT, the rand was trading at 17.9850 against the dollar, down 0.15 percent from its previous close. The local currency rose…
-
NVIDIA Surpasses Microsoft as World’s Biggest Company, Pushes These AI Cryptos Into Rally
•
NVIDIA, the company largely viewed as Wall Street’s poster child, now boasts the largest market capitalization in the world. It beat out Microsoft for the title, posting a roughly 3.5% increase in its share price over the past 24 hours. The AI breakthrough is behind NVIDIA’s excellent performance It goes…
-
AI boom makes European universities the new Harvard and Stanford for tech talent
•
The New Age dramatic tale of a college student striking gold on a billion-dollar idea shortly after putting on his graduation gown has been a very American dream for most of the 21st century. While Europe lagged behind the technology boom, the founders of Google, Meta, and Microsoft, who were…
-
U.K. Inflation Drops To The BOE’s Target Range For The First Time Since 2021
•
As expected, UK consumer prices rose 2.0% year-on-year in May, slowing from the 2.3% annual increase in April and recording their lowest readings since July 2021. The core CPI, which excludes volatile items such as food and energy, rose 3.5% year-on-year after a 3.9% year-on-year rise in April. On a…
-
Binance.US Dealt Another Blow: North Dakota Revokes License
•
Binance.US, the US arm of the world’s largest cryptocurrency exchange, is facing a blitz Regulatory audit Which threatens to undermine its grip on the lucrative American market. Increasing license revocations and operational restrictions in many states paint a bleak picture for the future of the exchange. Money Transfer Problems: Seizure…
-
Binance.US Dealt Another Blow: North Dakota Revokes License
•
Binance.US, the US arm of the world’s largest cryptocurrency exchange, is facing a blitz Regulatory audit Which threatens to undermine its grip on the lucrative American market. Increasing license revocations and operational restrictions in many states paint a bleak picture for the future of the exchange. Money Transfer Problems: Seizure…
-
Pavraj takes a bite of meat business with meatless startup
•
At the Kenya Meat Expo and Conference held last week, the sweet smell of grilled meat whetted the appetites of many. But in the meat-filled environment lurks a stranger, Paaraj Sehra. While many exhibitors displayed meat products and meat cutting equipment, Pavraj had meat alternative products, made from soybeans and…
-
SEC Drama Fuels XRP Rally: Open Interest Skyrockets
•
Cryptocurrency XRP is making waves as open interest (OI) for the token sees a significant spike. This rise in investor positions coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related reading Bullish bets on the horizon Cryptocurrency…
-
SEC Drama Fuels XRP Rally: Open Interest Skyrockets
•
Cryptocurrency XRP is making waves as open interest (OI) for the token sees a significant spike. This rise in investor positions coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related reading Bullish bets on the horizon Cryptocurrency…
-
London Reclaims Title as Europe’s Largest Stock Market
•
The UK’s main stock market has regained its position as Europe’s most valuable market for the first time in nearly two years. The total value of companies listed on the London Stock Exchange (LSE) reached $3.18 trillion on Monday, surpassing the $3.13 trillion valuation of Paris-listed companies, according to Bloomberg…
-
Canada’s WestJet Airlines says union rescinds strike notice By Reuters
•
(Reuters) – Canadian airline WestJet Airlines said on Thursday it was working to resume normal operations after the union representing its maintenance engineers lifted a strike notice, with both sides agreeing to return to the negotiating table. WestJet, which is backed by Onex Corp and competes with Air Canada, is…
-
Binance CEO Richard Teng Predicts Bitcoin Surpassing $80,000 By 2024
•
The cryptocurrency market has been full of expectations and speculation, which is what industry leaders like Binance CEO Richard Teng Providing their Bitcoin insights and predictions on the future path of the digital asset. In a recent development, Teng made a bold prediction for the world’s largest cryptocurrency Binance, Bitcoin…
-
Binance CEO Richard Teng Predicts Bitcoin Surpassing $80,000 By 2024
•
The cryptocurrency market has been full of expectations and speculation, which is what industry leaders like Binance CEO Richard Teng Providing their Bitcoin insights and predictions on the future path of the digital asset. In a recent development, Teng made a bold prediction for the world’s largest cryptocurrency Binance, Bitcoin…
-
GPS Capital Markets Enters into Agreement to be Acquired by Corpay
•
Article content SALT LAKE CITY, June 19, 2024 (GLOBE NEWSWIRE) — GPS Capital Markets, LLC, a leading financial technology company providing foreign exchange services to businesses, announces that it has entered into a definitive agreement to be acquired by Corpay, Inc. (NYSE: CPAY), a leading enterprise payments company. This acquisition…
-
Daily Broad Market Recap – June 19, 2024
•
With US traders off on holiday and traders remaining on the sidelines ahead of this week’s closely watched economic events, major assets were trading in lower ranges. What are the headlines that caught traders’ attention in the past trading sessions? Titles: Bank of Japan meeting minutes “Some members” indicated that…