Asian currencies showed signs of resilience against a weaker dollar on Wednesday, buoyed by market expectations regarding interest rates and key economic data. The Federal Reserve’s stance on interest rates, as articulated by Chair Jerome Powell, played a significant role in shaping market sentiment. While the dollar weakened in Asian trade, the overall outlook for
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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 real estate market has seen a shift in the average down payment amounts for homebuyers. According to a recent report by Realtor.com, the average down payment in the first quarter of 2024 was 13.6%, with a median amount of $26,000. While these figures are higher compared to the previous year, they are still below
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
In a recent analyst call, Jefferies upgraded Boston Beer, the owner of Samuel Adams and Truly hard seltzer, to a buy rating. Analyst Kaumil Gajrawala cited potential multiple expansion opportunities for the company. Gajrawala highlighted the growth potential in flavored malt beverages and ready-to-drink cocktails, predicting a 4% to 5% increase in sales. One particular
Novavax, a struggling vaccine maker, experienced a significant boost in its stock prices following a new multibillion-dollar deal with French drugmaker Sanofi. The announcement of the licensing agreement resulted in Novavax’s shares nearly doubling, as Wall Street celebrated the partnership that allowed the company to remove its “going concern” warning. Key Details of the Agreement
The once mundane utilities sector, traditionally known for its stability and consistent dividends, is now experiencing a resurgence in interest as the wave of artificial intelligence (AI) innovation sweeps across industries. Wells Fargo recently highlighted the potential for certain utility companies to capitalize on the growing excitement around AI and data centers. In the first
As the value of homes continues to rise, more and more Americans are finding themselves facing capital gains taxes when selling their property. The Section 121 exclusion provides a shield of up to $250,000 for single filers and $500,000 for married couples filing jointly. However, recent data indicates that a growing number of home sales
The Municipal Securities Rulemaking Board (MSRB) has recently sought approval from the Securities and Exchange Commission (SEC) to amend Rule G-27 on supervision to adapt to the remote work environment that has become increasingly prevalent in the financial industry. This move comes as a response to the shifting landscape that dealers have been navigating for
The recent rebound in Bitcoin price on Monday has sparked optimism among investors, as they eagerly await the upcoming United States inflation data for April. This data could potentially influence the Federal Reserve’s decision on future borrowing costs in 2024. The slight fall in the dollar on the same day has also provided some relief