Baupost’s Seth Klarman is known for his keen eye for opportunities in the market, and the first quarter of this year was no exception. Klarman made strategic moves by adding several artificial intelligence-linked stocks to his portfolio. One notable addition was Outbrain, a web recommendation platform that utilizes AI predictions to enhance web services for
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Netflix, the streaming giant, has recently announced that its cheaper, ad-supported tier has seen a massive growth, amassing 40 million global monthly active users. This figure is almost double the 23 million users the company had shared earlier this year. The company’s decision to enter the ad-supported market marks a significant shift in its revenue
The House Committee on Transportation and Infrastructure is facing uncertainty regarding how much the federal government can contribute to the reconstruction of the Francis Scott Key Bridge, originally financed by bonds. Following the collapse of the bridge, President Biden expressed his intention for the federal government to cover the entire cost of the reconstruction. This
Interactive Brokers (Nasdaq: NASDAQ:IBKR) has recently expanded its offerings in the United Kingdom by introducing cryptocurrency trading to its platform. This new addition allows both individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK) to trade a variety of crypto assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). With
The recent drop in mortgage rates to the lowest level since April has not made it any easier for buyers to afford homes in today’s housing market. Despite this drop, mortgage demand has only seen a marginal increase. According to the Mortgage Bankers Association, total mortgage application volume went up by a mere 0.5% from
Many state and local governments are currently facing a legal battle regarding the redemption or refunding of their Build America Bonds (BABs). These bonds, which were authorized as part of a stimulus program during the Obama administration, allowed issuers to sell taxable bonds and receive a subsidy from the federal government on the interest rates
In a surprising turn of events, AMC Entertainment, alongside GameStop, experienced a surge in its stock price following a post by “Roaring Kitty,” also known as Keith Gill, who inspired the massive short squeeze of 2021. This online activity led to AMC shares more than doubling since Friday’s close, reaching above $6 in afternoon trading
The Colorado Legislature has concluded its session with accomplishments that lawmakers have deemed “nothing short of transformational.” Governor Jared Polis praised the magnitude of achievements made during this session, emphasizing that it has been the most significant since he took office in 2019. The session included the passing of a fiscal 2025 budget, school funding
The U.S. dollar held steady on Tuesday, as investors eagerly awaited the release of crucial inflation data that could influence future interest rate decisions. The Dollar Index, which measures the greenback against a basket of other major currencies, inched up by 0.1% to 105.250 during early trading hours. With traders adopting a cautious approach, the
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