Interest Rates - CybAI news

19 Aug

As Tech Stocks Rebound, High Hedging Costs Indicate Skepticism

stp2y0 CommentsRAG modelsartificial intelligence, BCA RESEARCH INC, Earnings, environment, ETF, Interest Rates, JULY SARL/CAEN, Markets, NVIDIA CORP, S&P 500 INDEX, stocks, Technology

The recent rebound in US tech stocks isn’t convincing options traders just yet. While the shares have led market gains since a meltdown earlier this month, the cost of contracts hedging against volatility in the largest exchange-traded fund tracking the Nasdaq 100 Index remains high relative to contracts on the SPDR S&P 500 ETF Trust. Source link lol

18 Aug

Political Turmoil Threatens Baht Resurgence as Traders Await BOT

stp2y0 CommentsRAG modelsCREDIT AGRICOLE SA, Currency, Emerging Markets, Interest Rates, JULY SARL/CAEN, policy, Technology, Thai Baht Spot, Thailand, Tourism, US Dollar Spot

The Thai baht’s recent rally is under threat as markets digest the nation’s latest political drama ahead of this week’s central bank policy meeting.The baht has been one of the region’s top performing currencies since the start of July - aided partly by a reboundBloomberg Terminal in tourism - after hitting a near two-year low against the dollar in May. The resurgence may be derailed however, following a tumultuous period that included Paetongtarn Shinawatra winning a parliamentary vote to become the new prime minister, while a court ousted her predecessor. Source link lol

15 Aug

Grab Revenue Misses Estimates in Sign Turnaround Still Fragile

stp2y0 CommentsRAG modelsAsia, Earnings, Indonesia, Interest Rates, new york, Peter Oey, Southeast Asia, startups, Taxes, Technology, UBER TECHNOLOGIES INC

Grab Holdings Ltd. shares slumped after the ride-hailing company reported quarterly revenue growth that trailed estimates, highlighting intense competition in the Southeast Asian market.The stock slid 10% in pre-market trading in New York after the company said revenue rose 17% to $664 million in the three months through June, missing the $676.9 million analysts predicted on average. Adjusted earnings before interest, taxes, depreciation and amortization were $64 million, roughly in line with estimates. Source link lol

14 Aug

Dip Buyers Plow Record Cash Into Megacap Fund Dominated by Tech

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, ETF, Interest Rates, INVESCO LTD, Markets, META PLATFORMS INC-CLASS A, NVIDIA CORP, PLOW, S&P 500 INDEX, stocks, Technology

Investors are back lavishing millions onto megacaps as the high-flying tech stocks resume their climb, shrugging off the vestiges of last week’s market meltdown.Traders poured a net $210 million into the Invesco S&P 500 Top 50 ETF (ticker XLG) on Monday, the biggest one-day influx in the fund’s nearly 20-year history, data compiled by Bloomberg show. The record inflow — and fourth straight one — pushed the ETF’s assets up by 4% to $5.3 billion, with nearly half of that attracted in the past year alone. Source link lol

07 Aug

Rich Barton Departs as Zillow CEO, Passing Reins to Top Deputy

stp2y0 CommentsRAG modelsEXPEDIA GROUP INC, Interest Rates, Jeremy Wacksman, Lloyd D Frink, MICROSOFT CORP, Real Estate, Rich Barton, SATURDAY NIGHT LIVE, Technology, travel, Wealth, ZILLOW GROUP INC - A

Zillow Group Inc. Chief Executive Officer Rich Barton is stepping down from the top job at the home listings company for the second time — with his latest tenure defined by a ill-fated attempt to reinvent the company, and more recently, his efforts to grow the business despite a historically sluggish housing market. Jeremy Wacksman, a longtime Zillow executive who was chief operating officer, was named to the position, according to a statement Wednesday. Barton will become co-executive chair, a title he will share with co-founder Lloyd Frink. Source link lol

07 Aug

South Korea Logs Biggest Current Account Since 2017 on AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, Economic Growth, Exports, Imports, Interest Rates, JULY SARL/CAEN, Raw Materials, SAMSUNG ELECTRONICS CO LTD, South Korea, Technology

South Korea’s current account recorded the biggest surplus in more than six years, boosted by global demand for chips used in artificial intelligence and other technology exports that have underpinned the nation’s economic growth.South Korea logged a net $12.3 billion current account surplus in June, the most since September 2017, with semiconductors and communications devices leading the export growth while imports of raw materials and capital goods fell, according to balance of payments data released Wednesday by the Bank of Korea. Net assets in the financial account also increased by $12.2 billion, the most since October 2020. Source link lol