Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. In the years after it was acquired by eBay in 2002, PayPal became famous for an exodus of founders and early employees who went on to launch many of the world’s most transformative companies. Including…
By Heekyong Yang and Heejin Kim SEOUL, July 16 (Reuters) – Hyundai Motor Group on Thursday disclosed that it would make U.S. robotics company Boston Dynamics a wholly owned subsidiary by acquiring SoftBank Group’s stake of around 10%, a move it said would help it deploy advanced robotics across its operations. Terms of the deal…
By Heejin Kim, Sherin Sunny and Cynthia Kim SEOUL, July 16 (Reuters) – South Korea said on Thursday it will temporarily ban new listings of exchange-traded funds (ETFs) that are tied to certain major technology firms, while raising minimum required deposits for retail investors to invest in such products, in an effort to curb market…
The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.28%. September E-mini S&P futures (ESU26) rose +0.35%, and September E-mini Nasdaq futures (NQU26) fell -0.30%. Stock indexes settled mixed on Wednesday, with the S&P 500 posting a 6-week…
Maersk in late August will open a 617,000-square foot fulfillment center in a Boston suburb to support a single, large-scale e-commerce customer, the integrated logistics and container shipping giant announced on Wednesday. Maersk said it invested $100 million to outfit the facility with advanced conveyor and sortation technology, and other features,enabling it to process up…
Should you prioritize the stable, high-margin profitability of a logistics leader or the growth potential of a banking software specialist? Choosing between Descartes Systems Group (NASDAQ:DSGX) and nCino (NASDAQ:NCNO) requires weighing reliability against potential. Descartes provides the digital backbone for global trade, while nCino streamlines the workflows for financial institutions. Both companies operate in specialized…
I called Steve Hanke on the afternoon of July 14, days after he’d flagged something he called a dual bubble forming in AI markets, and one day after IBM suffered the worst single-day stock crash in its 115-year history. The “money doctor” has been advising governments—including the Treasury Department and the White House—for decades and…
is trading in the low $60,000s this week, roughly half of the all-time high near $128,000 it set last October [1]. U.S. spot Bitcoin ETFs just posted their worst monthly outflow since they launched — around $4.5 billion left the category in June alone [2]. By most measures, that should read as capitulation. It isn’t…
Summary The major indices are higher at midday. More big banks reported this morning, and overall results remain good. Inflation on the wholesale side slowed more than expected last month following good news on the consumer side yesterday. Crude oil is at $78 per barrel. The yield on
Stephen Biggar Director of Financial Institutions Research Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and…
End of content
End of content