On Friday, U.S. stocks halted their dramatic ascent after a deceleration in CPI inflation data sparked the most intense rally on Wall Street since the start of 2020. The S&P 500 (^GSPC) rose 0.1% in turbulent afternoon trading, while the Dow Jones Industrial Average (^DJI) slipped 240 points, or about 0.7%. The Nasdaq Composite (^IXIC) …
smart ideas Rising customer disposable income, growing adoption of IIoT, and the need to manage the growing volume of data created by IIoT deployments are driving the growth of the distributed cloud market over the forecast period . North America has emerged as the largest market in the global distributed cloud market, with a 44.32% …
Earnings preview: Softbank to post net profit after posting earlier losses Softbank is expected to post a net profit in upcoming quarterly results. A median forecast predicts the Japanese conglomerate will post annualized net profit of 2.769 billion yen ($19.5 billion) for its second quarter ending September 30, according to a Refinitiv survey. The company …
Hong Kong stocks gain more than 5% as Asian markets rise after US inflation report Read More »
Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as chief executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been rocked by a rush of customer withdrawals. Bankman-Fried discussed raising $1 billion each from Justin Sun, the founder of …
FTX Seeks $9.4 Billion in Rescue Funds, Bahamas Freezes Some Assets Read More »
How interest rates affect the housing market Jon Grauman, founder and agent of the Grauman Rosenfeld Group discusses the impact of interest rates on the housing market. He also talks about his role in the new Netflix series “Buying Beverly Hills”. ANGELS – At the height of the COVID-19 pandemic, the Federal Reserve kept interest …
How will rising interest rates affect the housing market in 2023? Experts weigh Read More »
