Billionaire investor Ken Griffin made headlines recently by purchasing a late-Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. This acquisition marked the most valuable fossil ever sold at auction, surpassing all previous records in the paleontology world. The 150 million-year-old stegosaurus, named “Apex,” stands tall at 11 feet and measures nearly
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The recent reports of the U.S. considering tighter export restrictions have sent shockwaves through the chip stocks in Asia. This news has led to a tech selloff on Wall Street, resulting in a significant drop in the share prices of major chip companies in the region. Taiwan Semiconductor Manufacturing Company, the world’s largest chip supplier,
Recently, it has been reported that GitLab, a cloud-based software development tools provider in the U.S., is considering a sale after receiving acquisition interest. This move has attracted attention from various industry peers, including Datadog, a cloud monitoring firm. This potential sale process, which is being handled by investment bankers, is still in its early
Former U.S. President Donald Trump recently made headlines with his statement suggesting that Taiwan should pay the U.S. for defense, citing that the country “doesn’t give us anything.” This statement came amid ongoing tensions between Taiwan and China, with Beijing claiming Taiwan as part of its territory. Trump’s comparison of the U.S. to an insurance
The market saw a notable decline in chip stocks in premarket trading, with some of the largest semiconductor companies like Nvidia, Taiwan Semiconductor, and AMD all experiencing drops in their stock prices. This was attributed to a Bloomberg News report suggesting that the Biden Administration is considering imposing stricter trade restrictions due to concerns about
The International Monetary Fund (IMF) has issued a warning about the increasing risks of inflation, which may impact the Federal Reserve’s decision on interest rate cuts. In the latest World Economic Outlook update, the IMF noted that global disinflation is slowing down, indicating potential obstacles ahead. Despite the initial slow inflation growth in the U.S.
The International Monetary Fund’s chief economist, Pierre-Olivier Gourinchas, recently spoke with Reuters about the Federal Reserve’s shift towards easing rates. He noted that the cooling inflation data is allowing the Fed to make a “very reasonable” decision in this regard. Gourinchas mentioned that while the U.S. labor market remains strong, there is no rush for
IMAX has recently announced a new partnership with Muvi Cinemas, Saudi Arabia’s largest exhibitor, to open four new IMAX With Laser locations in the country. These new locations will be strategically placed in some of the biggest commercial centers, with two in Riyadh, one in Jeddah’s Mall of Arabia, and the first IMAX system in
The Asian stock markets saw a mixed response on Tuesday, with most stocks rising except for Chinese markets. This can be attributed to concerns over a cooling economy and headwinds from U.S. politics. The Shanghai Shenzhen CSI 300 and Shanghai Composite indexes remained flat to low, while Hong Kong’s Hang Seng index slid 1.5%. Speculation
The health care insurance sector saw a positive uptick in midday trading, with companies like Humana and UnitedHealth Group gaining around 1% each. The increased likelihood of a Donald Trump victory in the upcoming presidential election has raised hopes of fewer cost pressures in the industry. Wolfe Research has also identified Humana as a potential
RBC Capital analysts are expressing caution in light of the weak CPI print from last week. They believe that this could have negative implications for stocks moving forward. The upcoming 2Q24 reporting season is seen as a critical test for the market, especially in relation to the rotation trade that appeared to gain traction in
France’s public finances are in dire straits, according to the national public audit office, Cour des Comptes. The staggering deficit figure of 154 billion euros has left the country dangerously exposed to potential economic shocks. This financial crisis comes at a delicate time for President Emmanuel Macron’s government, following a parliamentary election that resulted in
The recent attack on U.S. presidential candidate Donald Trump has sent shockwaves through global markets, with investors adjusting their strategies in response to the increased likelihood of his victory. U.S. bond futures have slipped, while the dollar has strengthened, reflecting a growing concern over the potential implications of a Trump presidency. The market has historically
In the world of investing, dividend-paying stocks can be a valuable asset to enhance your portfolio returns, especially during uncertain and shaky markets. One such dividend stock that has caught the attention of Wall Street experts is Northern Oil and Gas (NOG). This company is involved in the acquisition, exploration, and production of oil and