On Wednesday, the U.S. stocks showed a mixed trend as Wall Street eagerly awaited the Federal Reserve’s next policy decision in the afternoon. Fed chief Jerome Powell was scheduled to deliver remarks during a press conference at 2:30 pm ET. Despite the expectations for the central bank to keep interest rates steady, traders were looking
Investment
In a recent announcement, Microsoft revealed a groundbreaking deal with Brookfield Asset Management, involving an investment of over $10 billion in renewable energy projects. This strategic partnership aims to meet the increasing demand for artificial intelligence and data center operations by providing 10.5 gigawatts of renewable energy between 2026 and 2030 in the U.S. and
Bitcoin, the world’s leading digital currency, experienced a significant drop on Wednesday, reaching its lowest level in over two months. This decline in price, with Bitcoin falling below $57,000 for the first time since February 28, was attributed to broader risk-off sentiment in markets. Investors were closely monitoring the upcoming interest rate decision by the
After beating both top and bottom-line expectations, Amazon’s shares rose by nearly 2% in extended trading. The company posted earnings of 98 cents per share on $143.31 billion in revenue, surpassing the forecasted earnings of 83 cents per share on $142.5 billion. However, Amazon’s second-quarter revenue forecast fell short of estimates, signaling a potential slowdown
As inflation continues to persist, there is a growing possibility that higher interest rates will remain in place. This is actually good news for individuals looking to earn returns on their cash, as they now have the best opportunity to do so in the last 15 years. In fact, potential yields on investments such as
The U.S. Department of the Treasury has just released an announcement stating that Series I bonds will now pay an annual interest rate of 4.28% from May 1 through October 2024. This rate, which is linked to inflation, represents a decrease from the previous 5.27% rate that was in effect since November. It is also
In light of the recent bond rout and ongoing market volatility, it has become increasingly important for investors to have a well-diversified portfolio that includes a significant portion of fixed income assets. Bonds not only provide a level of protection against market fluctuations but also offer a source of income. The 10-year Treasury yield crossing
Recent studies have revealed that large family offices are significantly moving away from traditional stock market investments in favor of alternative options. A new report by the JPMorgan Private Bank Global Family Office Report highlights that family offices now have 46% of their total portfolio allocated to alternative investments. These alternative choices encompass a diverse
The economy minister of Saudi Arabia, Faisal Al Ibrahim, has vehemently rejected recent reports suggesting that the $1.5 trillion NEOM megaproject is scaling back some of its ambitious plans. Despite initial reports indicating a significant reduction in the scale and scope of the project, Al Ibrahim stated that all projects are moving forward at full
In a move that could have come straight out of a high-stakes drama on HBO, Paramount Global is gearing up to announce a significant leadership change that will see the current Chief Executive Officer, Bob Bakish, being replaced by a group of division heads within the company. This strategic maneuver is aimed at driving the