May 18, 2024
Funds

China stocks rally after government fund says it will increase stock buys

NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S. futures were mixed. China’s Central Huijin Investment, a sovereign fund

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Crypto

Why crypto exchange Kraken’s security team lives in the shadows

Kraken’s chief security officer wants his 400-member team to stay away from social media as he believes their presence on platforms like Twitter and LinkedIn can create security risks for the crypto exchange. Nick Percoco has allowed only a handful of people from his team to publicly confirm their roles and has instructed the rest to work

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Loans

Digital nano-loans as enablers of financial empowerment

Chik Shampoo’s case study on sachets in the 70s often serves as a playbook to tap into India’s billion people-strong potential. What started as a revolution in FMCG has now transcended industries, even reaching financial services. And one such space in the BFSI subset has managed to gain significant momentum: lending. Sachetised loans, also called

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Loans

Cherokees receive $500K for small business loans

Cherokees receive $500K grant to create small business loans The Cherokee Nation was recently awarded a $500,000 Rural Business Grant from the U.S. Department of Agriculture to create small business loans that support Cherokee citizen-owned businesses and create community-based jobs. Deputy Chief Bryan Warner accepted the donation during the Oklahoma Tribal Opportunity Partnership Summit in

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Investors

Apple Stock Is Resilient Despite Weak Guidance as Investors Refocus on AI

The biggest bombshell in Apple ’s December quarter earnings report came on the company’s conference call, when CFO Luca Maestri provided a hugely disappointing forecast for the March quarter. Management’s guidance, implying overall quarterly revenue will fall 5% from a year earlier to about $90 billion, with a drop of nearly 10% in iPhone sales,

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Investors

Meta shares surge 17% in premarket trade as investors cheer first-ever dividend

Sopa Images | Lightrocket | Getty Images Revenue jumped 25% in the fourth quarter for Meta, from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and comes amid a rebound in the online ad market. Meta’s net income more than tripled, to $14 billion from $4.65 billion

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Investors

Opinion: Is Nvidia today’s Cisco? Here’s what Ed Yardeni thinks.

“Is Nvidia today’s Cisco? It’s possible. If so, then it has a lot more upside before it crashes — if it crashes.” Is it possible that the meltup phase of the bull market (which started on Oct. 12, 2022) has begun already — having started following the correction low on Oct. 27, 2023? Yes, it

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Investment

Trimble announces share buyback, two new directors after Jana stake

The Trimble logo is displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Industrial technology company Trimble announced on Tuesday it would buy back up to $800 million worth of shares and add two directors to its board, just a few weeks after activist investor Jana Partners disclosed a stake

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Funds

Cambria County police departments get digital cameras through drug forfeiture funds | News

EBENSBURG, Pa. – When law enforcement officers arrive at the scene of a crime, physical evidence is not all that’s important, Cambria County District Attorney Gregory Neugebauer said on Thursday. To successfully prosecute a case, investigators often have to provide crucial context – not just testimony about an assault or a back-alley drug deal, but

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Crypto

Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world January 22, 2024, 10:30 AM ET • 2 min read NEW YORK — Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of

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