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The Day the Earth Stood Still – Fat Tail Daily
Source: New York Fed Quarterly Report on Household Debt and Credit Yesterday, we raised a provocative issue. If a foreign power — or space aliens — wanted to wreck our economy, why waste time and money on firepower? All they would have to do is cut off our access to funny-money credit. Auto sales would…
Wall Street Rally Driven by Positive Inflation Data and Earnings Reports
Wall Street rallied on Wednesday, driven by positive inflationInflation refers to the rate at which the overall price levels of goods and services increase, gradually reducing purchasing power over time. It is commonly measured using indices … reports and robust bank earnings, with varying impacts on different investor segments. Retail investors likely responded to the…
Apollo eyes $5 billion investment in Intel, Bloomberg News reports By Reuters
(Reuters) -U.S.-based asset management company Apollo Global Management (NYSE:) has offered to make an investment of as much as $5 billion in Intel (NASDAQ:), Bloomberg News reported on Sunday. Apollo has indicated in recent days it would be willing to make an equity-like investment of billions of dollars in Intel, the report said, citing a…
Spiking & ATV Partner to Expand AI Finance in Greater China
Spiking, the award-winning AI-powered investment platform based in Singapore, has officially entered into a strategic partnership with Asia Television Digital Media (Malaysia) Sdn Bhd (ATV), marking a significant milestone in its mission to transform the future of finance. This groundbreaking collaboration combines Spiking’s cutting-edge AI trading technology with ATV’s influential media platform, creating a powerful…
India, Namibia to Deepen Ties in Health and Entrepreneurship
July 10, 2025July 10, 2025 India and Namibia have agreed to strengthen ties in health and entrepreneurship during Prime Minister Narendra Modi’s visit to the African nation on 9th July. PM Modi and Namibian President Netumbo Nandi-Ndaitwah signed two MoUs—one to set up an Entrepreneurship…
The FOMC Decision Means Higher Prices for Stocks This Summer
SPY SPDR S&P 500 ETF Trust $542.45 +1.09 (+0.20%) (As of 06/13/2024 ET) 52-Week Range $409.21 ▼ $544.12 Dividend Yield 1.24% Assets Under Management $535.92 billion The Federal Open Market Committee (FOMC) didn’t exactly give the market what it wanted, but the policy statement and outlook have the S&P 500 NYSEARCA: SPY on track to hit…
