The Dow Jones Industrial Average has made headlines by breaking above the 40,000 mark, a feat that seemed unimaginable just a year ago. This remarkable achievement has been driven by investor optimism surrounding the potential for artificial intelligence to boost corporate profits and the likelihood of the Federal Reserve cutting rates as inflation eases post-pandemic.
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Imax is gearing up for its largest “filmed for Imax” slate in 2025, with at least 14 titles currently in production using Imax film or Imax-certified digital cameras. This represents a significant increase from previous years, showcasing the growing interest from Hollywood and international filmmakers in creating content specifically for the Imax platform. Despite Imax
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The recent announcement of the European Union launching an investigation into Meta, the parent company of Facebook, has raised critical concerns over the child safety risks associated with its platforms. The European Commission highlighted issues such as the stimulation of behavioral addictions in children and the creation of ‘rabbit-hole effects’ on platforms like Facebook and
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Investment bank Wells Fargo believes that the US Federal Reserve is unlikely to make aggressive moves on interest rates, despite the expectation of rate cuts this year. The current mindset of “higher for longer” rates would have posed significant challenges for stocks in the past, but market participants are holding onto the belief that inflation
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Walmart has recently shown exceptional performance, surpassing quarterly earnings and revenue expectations with its innovative strategies. The retail giant’s success can be attributed to its significant e-commerce gains, profit-driving businesses such as advertising, and its ability to attract more high-income shoppers. The company has now revised its full-year guidance, aiming to exceed its initial projections
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Asian stock markets have been on a rollercoaster ride recently, influenced by various economic data releases and geopolitical tensions. The recent soft consumer inflation readings in the US have led to speculation about interest rate cuts in 2024, creating a sense of optimism among investors. However, challenges from countries like China and Japan, coupled with
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As tensions between the U.S. and China continue to rise, many investors are turning to a “China Plus One” strategy, seeking opportunities in other countries such as India and Southeast Asia. According to Shailendra Singh, managing director of Peak XV Partners, this diversification strategy is benefiting markets outside of China in the short term. However,
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Netflix, the streaming giant, made a groundbreaking announcement on Wednesday, revealing that its cheaper, ad-supported tier has now surpassed a whopping 40 million global monthly active users. This astonishing figure represents a significant leap from the 23 million users reported earlier this year in January. The company’s decision to introduce this more affordable subscription plan
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