October 2024 - Page 141 of 244 -

Results Are In: ‘Easy’ Money Policies Build Debt, Hurt Productivity And Affordability

Oct 15, 2024 Jeremy Parkinson Finance 0

The results of the easy money experiments from 2009 to 2022 are widely evident: they yielded record indebtedness and unaffordable housing. This was especially true in Canada, where the median household debt to income was 175% in the second quarter of 2024 from 156% in the fourth quarter of 2008. At the same time, the […]

Goldman Q3 Profit Jumps 45% On Surge In Equity-Trading Revenue As Earnings Beat Across The Board

Oct 15, 2024 Jeremy Parkinson Finance 0

Goldman extended the banks’ solid results this morning when it reported a 45% jump in profit to $3bn in the third quarter, boosted by its equity trading business, while beating solidly on revenues even as the investment bank took another hit from its retreat from retail banking. Goldman’s net income of $2.99bn compared with $2.1bn […]

AI Unicorns: Mistral AI Brings Stiff Competition To Other LLMs

Oct 15, 2024 Jeremy Parkinson Finance 0

Photo Credit: Alexandra_Koch from Pixabay In a market where Open AI and Anthropic remain the giants, there is a relatively new entrant in the space, that is causing quite a stir. Paris-based Mistral AI has been building an alternative to the large language models, and it is being rewarded with a significant market valuation. Mistral AI’s OfferingsMistral AI […]

S&P 500 Hits New Record High

Oct 15, 2024 Jeremy Parkinson Finance 0

S&P has reached a new milestone! S&P500 gained 68% since October 2022 low Nvidia saw a staggering 1,000%+ return (since October 2022) Goldman Sachs predicts S&P 500 to hit 6,000 Overall market outlook remains positive despite dips The US stock market marked a significant milestone on Monday, as the S&P 500 reached a new record high, capping off a remarkable […]

Citigroup Earnings Top Estimates, Boosted By Investment Banking

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash CNBC’s Leslie Picker joins ‘Squawk Box’ to report on the bank’s quarterly earnings results.Video Length: 00:01:43More By This Author:Moderna CEO Stephane Bancel On Q2 Results, Slashing Its Full-Year Sales Guidance Comcast Posts Mixed Results, Weighed Down By Film Studio, Theme Parks Major Global Cyber Outage Hits Airlines, Banks And Media Outlets, Impacting Millions

Persistent Core Inflation In Poland Limits Scope For 2025 Rate Cuts

Oct 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels September’s final CPI reading confirmed that Polish headline inflation rose to 4.9% YoY and points to a sharp increase in core inflation, which made a return back above 4% YoY on soaring services prices. In our view, persistent core inflation means that the scope for NBP rate cuts in 2025 will be limited to 100bp in cautious 25bp movesThe […]

SingularityDAO, Cogito Finance, and SelfKey unite to launch Singularity Finance, an EVM L2 for AI economy

Oct 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Singularity Finance aims to tokenize AI assets to enhance DeFi applications. The merger includes a token conversion with SDAO, CGV, and KEY into SFI. Share this article Three blockchain projects—SingularityDAO, Cogito Finance, and SelfKey—have joined forces to launch Singularity Finance, a new EVM layer 2 platform designed to tokenize real-world assets in the […]

Futures Flat At All Time High As Oil Tumbles, Bank Earnings Shine

Oct 15, 2024 Jeremy Parkinson Finance 0

US equity futures pointed to an unchanged open as earnings from Bank of America and Goldman Sachs beat expectations while megacap tech stocks showed modest moves. As of 8:00am ET, S&P futures were unchanged after closing at a 46th record high on Monday, while Nasdaq futures dipped 0.1% as Nvidia shares fell 1% in premarket […]

Asian Stock: Santen Pharmaceutical

Oct 15, 2024 Jeremy Parkinson Finance 0

Company: Santen Pharmaceutical Company LimitedBloomberg ticker: 4536 JPMarket cap: US$4,532mBackground: Santen Pharmaceutical Company Limited is a Japanese pharmaceutical company, specializing in ophthalmology. With its ophthalmic products Santen holds the top share within the Japanese market and is one of the leading ophthalmic companies worldwide, with its products being sold in over 50 countries. World Class Benchmarking of Santen Pharmaceutical […]

What Would Trump’s Mass Deportation Of Immigrants Cost?

Oct 15, 2024 Jeremy Parkinson Finance 0

Trump promises the largest deportation project in history. The crowd cheers. But what does it mean? Data from Homeland Security via Statista download, chart by Mish Missing Data ExtrapolatedData between 1990 and 1995, 1995 and 2000, and 2000 and 2005 are extrapolated linearly. 2021 is the average of 2020 and 2022.The Center for Migration Studies estimates US […]