Author: News Room
Introduction AirBnb (NASDAQ:NASDAQ:ABNB) has always been a unicorn in the accommodation sector, paving the way with its first mover advantage into the peer-to-peer accommodation sharing industry in 2009. Since then, it has opened up opportunities for homeowners who want to interact with travelers of various walks of life via subletting, to homeowners that own multiple properties and rent them out frequently to travelers for profit generating. With such a decentralized, authentic and versatile value proposition, it was no surprise that it entered the S&P 500 (SP500) within 3 years of its IPO (Dec 10, 2020). As 1 out of 4…
Right-wing media mogul Rupert Murdoch tied the knot Saturday for the fifth time, according to British tabloid newspaper the Sun. The Sun, which is owned by Murdoch, released photos of the 93-year-old Australian billionaire alongside his 67-year-old wife, retired molecular biologist Elena Zhukova, at his vineyard in Bel-Air, California, where the ceremony took place. Zhukova is the mother of Russian American art collector Dasha Zhukova, the former wife of Russian oligarch Roman Abramovich. Murdoch sat for decades at the helm of Fox Corporation and News Corp, two media companies with outlets that include the Wall Street Journal, the New York…
Did you have your finances totally figured out when you were 18?Almost no one does. But at 18, Darren Thedieck had some ideas about where he wanted to be, and he ended up getting a few crucial things right.Thedieck started nerding out over investing in high school, reading the likes of Benjamin Graham and Warren Buffett alongside “Stock Investing for Dummies.” By the time he joined the Air Force in 2012 at age 18, he was determined to start investing right away.As a result of steadily contributing to retirement and brokerage accounts over the years, the now 31-year-old has more…
Nvidia on Sunday unveiled its next generation of artificial intelligence chips to succeed the previous model, which was announced just months earlier in March.Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed “Rubin,” ahead of the COMPUTEX tech conference in Taipei.Rubin comes months after the March announcement of the upcoming “Blackwell” model, which is still in production and expected to ship to customers later in 2024.Huang’s announcement of Rubin appears to quicken the company’s already-accelerated pace of AI chip advancement.Nvidia has pledged to release new AI chip models on a “one-year rhythm,” as Huang put it on Sunday.…
As we embark on the spring homebuying season, the market might seem a bit chilly at first glance. Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory, and escalating home prices. Compounding the situation, recent data from Freddie Mac reveals that in April, the average rate for a 30-year fixed mortgage surged back above 7%, adding further pressure. However, despite the recent spike in mortgage rates, it’s important to keep historical context in mind. While these rates may seem high compared to recent years, they are still considerably lower than rates seen in previous decades. For…
As folks approach retirement, they often start mentioning their “bucket list” more frequently. The bucket list is generally an itemized agenda of experiences or achievements that a person hopes to accomplish during their lifetime before they “kick the bucket” or die. This concept brings to mind the 2007 film “The Bucket List”. In the movie, fate lands complete strangers Jack Nicholson and Morgan Freeman in the same hospital room. They decide to complete a list of things they want to see and do before they die. They go skydiving, drive luxury cars, fly over the North Pole, visit the Taj…
Former President Donald Trump was convicted this week of 34 counts of felony business fraud in connection with hush money payments to adult film star Stormy Daniels before the 2016 presidential election. Trump will be sentenced on July 11 and has pledged to appeal the conviction. The guilty verdict, while a major political moment, does not prevent Trump from continuing his presidential campaign nor from serving should he win the White House. Here’s how we got here and what’s next: Trump was indicted in March 2023 by Manhattan District Attorney Alvin Bragg, a Democrat, on 34 charges tied to the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Narendra Modi is poised to return for a third five-year term as India’s prime minister, according to exit polls published on Saturday that projected a clear victory for his Bharatiya Janata party and its smaller allies.Polls conducted by six Indian TV stations and agencies all showed the Modi-led National Democratic Alliance winning a comfortable majority of between 353 and 401 seats in India’s 543-seat Lok Sabha, or lower house. That leaves Modi with a strong mandate to form the next government, taking him…
The ARK Innovation ETF (NYSEARCA:ARKK) has been around since 2014. I wasn’t aware of the fund until Cathie Wood, the CEO and CIO of Ark Invest, started showing up on CNBC touting the results of her fund. As you can see below, ARKK’s results were stellar in the early 2020’s but have substantially lagged in recent years as the ETF’s price has fallen: Data by YChartsI’m not as negative on Woods and ARKK as many other analysts but I do believe investors would be better suited allocating funds elsewhere. Let’s dig into the details of the ETF and I’ll explain…
June 1 marks the official start of hurricane season in the Atlantic Ocean, and meteorologists predict it will be “extremely active,” with the potential for seven major hurricanes – the most destructive categories. And as insurance companies struggle to stay afloat, battered by elevated inflation and the growing frequency of catastrophic storms made worse by climate change, it’s become even tougher for homeowners to find affordable insurance options. Just last year, rates jumped 11.3% nationwide, according to S&P Global, and experts don’t expect a reprieve this year. And while there are ways to try and save money on insurance costs, moving to…
