Author: News Room
The decisions by President Joe Biden and former President Donald Trump on Wednesday to agree to two presidential debates will ensure the continuation of a tradition that dates back to 1960. But it might look a little different this year: the candidates will first debate on June 27 on CNN, months ahead of the usual fall matchups, in events that will not be organized by the Commission on Presidential Debates, which has overseen debates in every US presidential election cycle since 1988. It’s just the latest evolution in the history of US presidential debates. The first televised presidential debates, between…
Stay informed with free updatesSimply sign up to the US inflation myFT Digest — delivered directly to your inbox.US inflation fell to 3.4 per cent in April, in line with economists’ expectations, prompting investors to increase their bets on Federal Reserve interest rate cuts this year and sending Wall Street equities indices to record highs.The consumer price index data released by the US labour department on Wednesday compared with March’s rate of 3.5 per cent and ended a four-month streak in which inflation outstripped expectations.“It is something of a relief that for the first time this year, CPI did not…
One of the names we have traded in the specialty retail space for gains is Boot Barn Holdings, Inc. (NYSE:BOOT). That said, now we are waiting for a pullback. The company just reported earnings, and while the initial reaction was negative, shares are about flat. In this column, we discuss the company and the just-reported fiscal Q3 earnings and why we think a neutral rating makes sense here. We would be bullish on a retracement into the low $90s based on the growth and valuation combination here. Let us discuss. What is Boot Barn all about? This company has been…
Last updated: May 15, 2024 14:24 EDT | 2 min read Huobi HK pulls its HTX Hong Kong License application, raising questions about the company’s future in the region. Huobi Global (HGBL) Hong Kong Limited, a subsidiary of HTX, withdrew its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC) for the second time on May 14.HTX’s Huobi HK Withdraws Hong Kong License Bid AgainHuobi HK is no longer on the SFC’s list of virtual asset trading platform applicants, indicating it has withdrawn its application again. This decision came just two months after Huobi HK…
OpenAI’s chief scientist and cofounder, who played an instrumental role in CEO Sam Altman’s short-lived ouster from OpenAI in November, announced that he was leaving the company on Tuesday. “After almost a decade, I have made the decision to leave OpenAI,” Ilya Sutskever said in a social media post. “I am excited for what comes next — a project that is very personally meaningful to me about which I will share details in due time.” Sutskever played a central role in the dramatic firing – and return – of OpenAI CEO Sam Altman last year, a management crisis that ultimately…
Michael Burry, known for calling the subprime mortgage crisis, piled into a physical gold trust in the first quarter, making it his biggest bet, according to a new regulatory filing. Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS), worth more than $10 million in the first quarter. The closed-end fund holds its assets in physical gold bullion. The gold trust is trading at a discount to its net asset value. PHYS sells at a 1.67% discount to its net asset value compared with its 52-week average discount of 1.57%,…
McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time.The promotion will include four items for $5 — a McChicken or McDouble, four-piece chicken nuggets, fries and a drink — and will run for roughly a month, beginning on June 25, according to a person familiar with the offering who was not authorized to speak about it publicly.”We know how much it means to our customers when McDonald’s offers meaningful value and communicates it through national advertising. That’s been true since our very beginning and never more important than it is today,”…
Household debt levels in the U.S. increased in the first quarter of 2024, which created new challenges for already stressed credit card borrowers, according to a new report from the Federal Reserve Bank of New York released Tuesday. The report found that overall debt levels rose by $184 billion, or 1.1%, in the first quarter to a total of $17.69 trillion. Overall borrowing levels are $3.5 trillion higher than they were at the end of 2019 prior to the onset of the COVID pandemic.Of the total, mortgage balances rose by $190 billion to $12.44 trillion while overall outstanding credit card…
Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive. The New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit, slated for release on Tuesday morning, is expected to show that credit card debt hit a new record during the three-month period from January to March, smashing a previous high of $1.13 trillion, according to Matt Schulz, chief credit analyst LendingTree.”Credit card balances have never risen from the fourth quarter of one year to the first quarter of the following year. I…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. During the week of May 6, 2024, average private student loan rates increased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and decreased for 5-year variable-rate loans. 10-year fixed rate: 8.14%, up from 7.32% the week before, +0.825-year variable…
