DIRS.INFO The most relevant business & tech news

☆ Quant prop-trading firm Hudson River Trading hopes to supercharge its trading power by partnering with Google Cloud
▼ + stars: | 2024-07-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

New York-based Hudson River Trading is best known for its market-making capabilities. Hudson River Trading winning any trade over its competitors, like Citadel Securities, Virtu, and Jane Street, comes down to its pricing engine. To help it get there, Hudson River Trading turned to Google Cloud, where its quants have been conducting their research for several months without the constraints of an on-premise environment. "Google Cloud allows us to do that without limits to computing power." Advertisement"In other words, what I'm saying is that we need to predict the future of the stock market," Dunning said.

Persons: —, Jane Street, Iain Dunning, Kevin Lee, Dunning, Ken Griffin's, Italo Brito, Brito Organizations: Service, Hudson, Hudson River Trading, Citadel Securities, Virtu, Business, Trading, Google, Nvidia, HRT, Sigma Locations: New York, Hudson

☆ Here's why international buyers are pulling way back from the U.S. housing market
▼ + stars: | 2024-07-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

As a result, international buyers are pulling out. This comes as both the average ($780,300) and median ($475,000) purchase prices were the highest the NAR ever recorded for foreign buyers. "Therefore, it's not surprising to see a pullback in U.S. home sales from foreign buyers." International buyers tend to pull back during times of political uncertainty. It is unlikely sales from foreign buyers will improve in the coming year unless several factors, both economic and political, improve.

Persons: they're, Lawrence Yun, it's, Yuval Golan, Golan, Waltz Organizations: National Association of Realtors, NAR, FDIC Locations: Canada, China, Mexico, India, Florida , Texas , California, Arizona

☆ King’s Speech: Charles unveils Keir Starmer’s plans for Britain, in state opening of parliament
▼ + stars: | 2024-07-17 | by ( Rob Picheta | ) edition.cnn.com time to read: +8 min

The speech sets out the agenda of Keir Starmer, who defeated Rishi Sunak's Conservatives in this month's election. Starmer also formalized plans to renationalize Britain’s rail network in the coming years, and to create a publicly-owned renewable energy company. At home, a number of institutions were targeted for modernization – most awkwardly, the very room in which Charles gave his speech. “The party opposite has successfully tapped into the public’s desire for change, but they must now deliver change,” Sunak said. Those arguments will intensify in the coming weeks, as Labour introduces its first bills to Parliament – beginning with three priority measures from the speech later this week.

Persons: CNN — Keir Starmer, ”, King Charles III, ” Starmer, Starmer, Keir Starmer, Rishi Sunak's, Dan Kitwood, Camilla, Black Rod –, Rishi Sunak, Kirsty Wigglesworth, Charles, Bill, –, Theresa May, ” Sunak, Sunak Organizations: CNN, Commons, Labour, Tory, Conservative, Reform UK, Getty, Border Security Command, National Health Service, NATO, – Locations: nationalize, Britain, Europe, Buckingham Palace, Westminster, Rwanda

☆ Wimbledon final analysis: Carlos Alcaraz beats Novak Djokovic for second Wimbledon title
▼ + stars: | 2024-07-14 | by ( Matthew Futterman | Charlie Eccleshare | ) www.nytimes.com time to read: +17 min

Follow live coverage of the 2024 Wimbledon men’s final and mixed doubles final hereWIMBLEDON — Carlos Alcaraz beat Novak Djokovic in the Wimbledon final at the All England Club 6-2, 6-2, 7-6 on Sunday. That’s any match, against any ailing opponent — let alone a Wimbledon final against a 24-time Grand Slam champion. By the time he had raised his level to where it needed to be to hang with Alcaraz, Djokovic was down two sets. In Sunday’s final, Wimbledon got a glimpse of how irresistible he is when this area of his game clicks. As they were watching my final, I have to watch their final and support them.”What did Novak Djokovic say after the final?

Persons: Carlos Alcaraz, Novak Djokovic, Djokovic’s, Roger Federer, Rafael Nadal, Bjorn Borg, Rod Laver, Alexander Zverev, Roland Garros, Andy Murray, Charlie Eccleshare, Matt Futterman, Djokovic, Alcaraz, Djokovic didn’t, Clive Brunskill, It’s, —, John Walton, Alex de Minaur, Doctors, Novak, Frances Tiafoe, Daniil Medvedev, Alexei Popyrin, Holger Rune, De Minaur, Arthur Fils, Lorenzo Musetti, Carlos, it’s, ” Alexander Zverev, Henry Nicholls, bamboozled Djokovic, volleyed, Max Purcell, Jordan Thompson, ”, “, I’m, “ I’ve, Daniil, Medvedev, I’ve, …, Alcaraz “ Organizations: Wimbledon, WIMBLEDON, All England, Djokovic, Alcaraz, Court, Getty, England, “ Locations: Wimbledon, Spain

☆ Opinion: I’m a daughter of Holocaust survivors. These German students and I are learning about the power of listening
▼ + stars: | 2024-07-13 | by ( Opinion Elizabeth Rosner | ) edition.cnn.com time to read: +6 min

CNN —Sometime in late April, the Jewish cemetery in upstate New York where both of my parents are buried was vandalized. For now, the perpetrators remain unknown, though their motivation seems obvious to everyone in the Jewish community, near and far. Elizabeth Rosner Tora SmartRecently, CNN reported that nearly 180 gravestones at two Jewish cemeteries in Cincinnati were vandalized. Having been immersed in my highly autobiographical pages for two semesters, the students ask me questions that are respectful yet probingly intimate. For now, I sit with the German translation students in silence.

Persons: Elizabeth Rosner, CNN —, Elizabeth Rosner Tora Smart, I’ve, Robert Frost, Gustav Klimt, —, General George Patton’s Organizations: Art, CNN, General George Patton’s Third Army Locations: New York, Cincinnati, Germany, Buchenwald, Hamburg, Vietnam, Israel

☆ Opinion | Biden Has an Inner Circle Problem. He’s Not the Only One.
▼ + stars: | 2024-07-11 | by ( David French | ) www.nytimes.com time to read: +1 min

Those in our inner circle not only know us the best, they should also have our best interests at heart. The family members and close advisers of politicians and celebrities often depend on the politician or celebrity’s wealth and power for their own power and prestige. As age takes its toll, he’s isolating himself from everyone but those closest to him. On Monday, The Wall Street Journal published a disturbing report that described the way in which his “inner circle” had limited access to the president and concealed his true condition from the public. “The White House has limited Biden’s daily itinerary and shielded him from impromptu exchanges,” The Journal reported.

Persons: Biden, —, ” Organizations: “, Super

☆ Germany moves to ban China’s Huawei, ZTE from its 5G network
▼ + stars: | 2024-07-11 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London/Berlin CNN —Germany will phase out components made by China’s Huawei and ZTE from its 5G wireless network over the next five years, a move that risks worsening its already strained relations with the world’s second-largest economy. By the end of 2029, these components must also be purged from “access and transport networks,” which include the physical parts of the 5G network such as transmission lines and towers. Last week, Berlin blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, drawing a rebuke from Beijing. China is also locked in a trade spat with the European Union, which hiked tariffs on Chinese electric cars last month. The US also placed Huawei on a trade restriction list in 2019, which made it harder for the company to obtain semiconductor chips from American suppliers.

Persons: China’s, Nancy Faeser, “ Organizations: Berlin CNN —, China’s Huawei, ZTE, Mobile, Vodafone, Deutsche Telekom, Telefonica, CNN, Huawei, Volkswagen, European Union, China’s Ministry of Foreign Affairs Locations: Berlin, Berlin CNN — Germany, Germany, China, Beijing, United States, United Kingdom, Australia, Japan, Europe, East, Africa

☆ My partner and I opened our relationship, and I was surprised by how close I became with his girlfriend
▼ + stars: | 2024-07-11 | by ( Rachel Krantz | ) www.businessinsider.com time to read: +7 min

She did this by sometimes saying so directly, but also demonstrated it by rarely referencing her relationship with Adam at all. The same unspoken code didn't apply to me, with her making generous references to admiring our "primary relationship." AdvertisementI became close to my partner's girlfriend, LeahWhen it came to everything but the man we "shared," we were almost compulsively forthcoming. We dished about sex (except sex with Adam) in the kind of detail I'd seen on "Sex and the City." It remained easy for me to find dates or sex as a woman in an open relationship.

Persons: Adam, Leah, pragmatically, deferential, I'd, didn't, he'd, wasn't, Rachel Krantz Organizations: Service, Harmony Books, Random, Penguin Random Locations: United States, New York

☆ These bank stocks yield more than 5% — and they are ‘poised to thrive,’ Piper Sandler says
▼ + stars: | 2024-07-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Regional bank stocks are having an underwhelming year, but investors who are on the hunt for good dividend payers might find a few gems, according to Piper Sandler. "Given the recent pullback in bank stock prices, we are finding lots of regional and community bank stocks that have eye-catching dividend yields," wrote Mark Fitzgibbon, managing director at Piper Sandler, in a Thursday report. There is more to picking solid dividend stocks than just going by the yield. Piper Sandler further whittled down the list by eliminating companies that had cut their dividends over the past decade. Piper Sandler called out Heritage Commerce of San Jose, California, as a bank worth snapping up.

Persons: Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Andrew Liesch, Matthew Clark, Clark Organizations: Regional Banking, Brookline Bancorp, Heritage Commerce, Pacific Premier Bancorp Locations: Boston, Brookline, San Jose , California, Irvine , California

☆ The 4 Apple suppliers set to pop on iPhone 16 series launch: BofA
▼ + stars: | 2024-07-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

"A solid iPhone replacement cycle and spec upgrade should help HH's better sales/earnings in 2025-26," the investment bank's analysts wrote. The bank expects the China-based design and manufacturing giant to see strong margins as demand for its casings increases in tandem with better iPhone shipment cycles between 2025 and 2026. "We lift Foxconn Industrial Internet (FII)'s 2024-26E earnings by 2-6% on potentially better iPhone casing sales and strong AI server contribution," the analysts wrote. "We expect BYDE's casing profitability to gradually improve on better operation efficiency (higher automation rate, improving yield)," the analysts wrote. They have lifted the company's 2025-2026 earnings expectations by 2% to "reflect potentially better iPhone volume, robust auto expansion as well as rising AI-related contribution (server, robot)."

Persons: Ming, Chi Kuo, Ross Young, Hai, BofA, Foxconn, — CNBC's Michael Bloom Organizations: Tech, Apple, Bank of America, Hai Precision Industry, Taiwan Stock Exchange, American Depository, New, Industrial, Taiwan Stock Exchanges, U.S . Its, Shenzhen Stock Exchange, China 5G, Semiconductor, Hong Kong Exchange, Hong Locations: U.S, New Taiwan, China, Shanghai, Taiwan, U.S . Its Shanghai, Hong Kong

☆ Why June CPI is going to be a big moment for stock market bulls, according to Fundstrat's Tom Lee
▼ + stars: | 2024-07-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The June CPI report will show a continued drop in inflation, according to Fundstrat's Tom Lee. Lee expects a soft June CPI report will push the Fed to cut rates more than two times this year. "It's going to be a week of reckoning, and I mean a reckoning of how people view inflation and the state of the economy." Lee is also bullish on small-cap stocks, which have badly lagged the broader stock market rally so far this year. AdvertisementJPMorgan's trading desk also expects a light June CPI report will boost stock prices.

Persons: Tom Lee, Lee, —, it's, What's, JPMorgan's Andrew Tyler Organizations: Service, Federal Reserve, CPI

☆ 3 reasons why bitcoin could soar to $100,000 this year, according to Anthony Scaramucci
▼ + stars: | 2024-07-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Bitcoin is still on track to see a major rally by the end of the year, Anthony Scaramucci said. Those catalysts include waning selling pressure, crypto repayments, and promising crypto legislation. Around 40%-50% of payouts could end up being reinvested in crypto, Scaramucci estimated, based on the loyalty many "hardcore" early bitcoin investors have. That's one promising sign bitcoin is becoming a more widely accepted storage of value, which is bullish for its long-term trajectory, Scaramucci said. Bitcoin's price has been depressed partly due to temporary selling pressure, Scaramucci said.

Persons: Bitcoin, Anthony Scaramucci, —, Scaramucci, That's Organizations: Service, Skyridge, bitcoin, CNBC, GOP, Intelligence Locations: bitcoin, United States

☆ Joe Arden's voice made him the hottest narrator in romance. Then, a sexting scandal turned BookTok against him.
▼ + stars: | 2024-07-09 | by ( Anna Merlan | ) www.businessinsider.com time to read: +34 min

But there's no denying that a large number of people, mostly women, found Joe Arden's voice to be exceedingly hot: smooth, insistent, husky, occasionally dropping to a seductive growl. Arden's voice made him one of the most popular romance audiobook narrators of his generation. Last year, a promising new romance author reached out to Blue Nose Audio and received a reply from Joe Arden. "My working name of 'Joe Arden,' has always been just that, a professional persona that labeled my career," he added. For good measure, they dug up Cronin's abandoned trademark application for the Joe Arden moniker, first filed in 2020.

Persons: Joe Arden's, Men's, I've, Joe Arden, Joey, Arden, He's, Lauren Blakely, Vi Keeland, Meghan March, Blakely, BookTok, TikTok, Joe, Ardenmania, —, BookTok influencers, who'd, Brynne Weaver, they'd, wasn't, quizzing, Arden she'd, didn't, she'd, Arden's, sexting, he'd, Angela, Aiden Snow, Julie McKay, Blue, James Patrick Cronin, Rice, Cronin, Beatrice Colen, Patrick Cronin, manny, Max Thomas, McKay, Maxine Mitchell, Sean Zanni, Patrick McMullan, Sarah J, Brittanée Nicole, Nicole, Teddy Hamilton, Hamilton, Brynne Weaver's, it's, Brittany Lowry, Kate Stewart's, Arden isn't, pant, Shane East, Paige Reisenfeld, he's, Tor, influencer, you'd, Sean Crisden, Crisden, Maas, Craig Barritt, Arden blowup, voEROS, Arden —, who've, Kathy Haan, Patreon Organizations: Men's Health, Audio Publishers Association, Society of Voice Arts and Sciences, Arden, BI, East Tennessee State University, University of Louisville, Getty, SAG, Texas, GQ, Wired, Yorker, The New York Times Magazine, Times, Publishers, TikTok, Tantor Media, The New York Times, New York Comic Con, Communications Locations: Arden, sexting, gaslighting, TikTok, Los Angeles, East, New York City, York, LA, Audm, Ghostface Gulf, masturbate, Romanceland

☆ The German government owns around $2 billion in bitcoin — and it's freaking out crypto investors
▼ + stars: | 2024-07-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Bitcoin has also been under selling pressure from the German government as well as collapsed bitcoin exchange Mt. Last month, the German government began selling bitcoin from a wallet operated by the country's Federal Criminal Police Office, referred to locally as the Bundeskriminalamt, or BKA. Bitcoin price reactionIn tandem with these sales, bitcoin has seen its price fall dramatically. At one point in the day, the entire crypto market had shed more than $170 billion in combined market capitalization in a 24-hour period, CoinGecko's data showed. Germany's bitcoin sales aren't the only concern for crypto investors.

Persons: Bitcoin, it's, wasn't, bitcoin, —, Nobuaki Kobayashi, James Butterfill, CoinShares, Germany's BKA, Joana Cotar, Cotar, Olaf Scholz, Christian Lindner, Michael Kretschmer, she's, Samson Mow Organizations: Federal Criminal Police, Arkham Intelligence, CNBC, Saxony, Federal Criminal Police Office, German Bundestag Locations: Gox, bitcoin, Germany, Saxony, Federal Republic of Germany, German, Berlin

☆ Inside a despondent White House: Aides gripped by unease as Biden’s political future remains uncertain
▼ + stars: | 2024-07-08 | by ( Mj Lee | ) edition.cnn.com time to read: +3 min

CNN —As President Joe Biden’s political future hangs in the balance, many inside the White House – still rattled by the president’s disastrous debate performance last month – are now gripped with anxiety and unease about whether Biden will continue his reelection campaign. Inside the White House, where TV screens are always on and set to four cable news channels – CNN, MSNBC, Fox and CNBC – the devastating headlines casting doubt on Biden’s political future have been unavoidable. In the tumultuous days since the debate, many senior administration officials have had check-ins with their teams and individual direct reports, sources said. Over the weekend, there was one widely discussed topic of intrigue: the identity of one “senior White House official” who anonymously told The New York Times that they do not believe the president should continue to seek reelection. When asked about that person, one senior White House official gave CNN a brusque response: “They shouldn’t be in the White House.

Persons: Joe Biden’s, Biden, Hakeem Jeffries, ”, “, ‘, ’ They’re, Jeff Zients, ” Zients Organizations: CNN, MSNBC, Fox, CNBC, Democratic, Biden, White House, New York Times, White Locations: Pennsylvania

☆ Columbia removes three deans from power for ‘very troubling’ antisemitic text messages
▼ + stars: | 2024-07-08 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —Columbia University announced Monday it has permanently removed three deans from their posts after finding they engaged in “very troubling” text messages that touched on antisemitic tropes. “The incident revealed behavior and sentiments that were not only unprofessional, but also, disturbingly touched on ancient antisemitic tropes,” Shafik said in the Monday statement. However, Columbia signaled that a fourth official involved in the text messages, Josef Sorett, the dean of Columbia College, is staying in power after apologizing and taking responsibility. On Monday Sorett sent a message to Columbia College students apologizing for his actions. Last week, Rep. Virginia Foxx, the Republican chairwoman of the House Education and the Workforce Committee, demanded Columbia hold the three officials accountable and revealed images of the group text exchange.

Persons: Minouche Shafik, disturbingly, ” Shafik, Angela Olinto, ”, ” “, ” Olinto, Josef Sorett, Monday Sorett, “, Virginia Foxx, ” Foxx Organizations: CNN — Columbia University, Columbia, CNN, Columbia College, House Education, Workforce Committee

☆ Jiang Ping: Rural Chinese student sparks awe and suspicion after beating math elites in global contest
▼ + stars: | 2024-07-08 | by ( Yuxuan Jiang | Joyce Jiang | ) edition.cnn.com time to read: +8 min

Launched in 2018 by Chinese e-commerce behemoth Alibaba, the free online contest is open to math enthusiasts worldwide, though Chinese math majors typically dominate the top places. She was later trained by math teacher Wang Runqiu at Lianshu Secondary Vocational School, where she studies fashion design. Social stigma for vocational studentsAmong the cacophony of commentary, some suspect the harsh public scrutiny of Jiang is rooted in social prejudice against vocational students. But structural discrimination in China’s schools, universities and workplaces means society still favors academic degrees over trades. Jiang considers math her “Plan B,” prioritizing fashion design for future study, according to The Beijing News.

Persons: Jiang Ping, Alibaba, –, Wang Runqiu, Wang, Jiang, Richard Xu, China’s, Yin Wotao, ”, Yin, there’s, “, Zhao Yong, ” China’s, Einstein, Zhao Organizations: Hong Kong CNN, Harvard, Oxford, MIT –, DAMO Academy, Xinhua, Secondary Vocational School, Weibo, Harvard Business School, CNN, University of Kansas, Beijing, Communist Party, Zhejiang University Locations: Hong Kong, China, China’s Jiangsu, Xinhua, Lianshui, Beijing, Hangzhou, Jiangsu, Germany, Finland

☆ Soaring U.S. stocks make China’s market look worse than it is. Names to watch
▼ + stars: | 2024-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays. Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June. The broad mainland China stock market, measured in Class A shares, has underperformed over the past two years, said Wanda Wang, a research manager at Morningstar.

Persons: BofA, Nomura, Wanda Wang, That's, Invesco's, — CNBC's Michael Bloom Organizations: Nvidia, CSI, Apple, Foxconn, Bank of America Securities, Industrial, FII, Avary Holding, Avary, Chartered Bank, HSBC, JPMorgan, Nomura, Nasdaq, U.S, Morningstar, Capital, Shenzhen Stock Exchange Locations: China, Shanghai, Shenzhen, Avary Holding Shenzhen, Hong Kong

☆ Trying a taste of camper van life
▼ + stars: | 2024-07-05 | by ( Casey Barber | ) edition.cnn.com time to read: +6 min

When I tried camper van life for the first time, I went all in. The benefits of camper van travelNow, I’m not saying you must spend weeks on an epic road trip to fully experience the joy of a camper van. We had exactly everything we needed — everything except, well, a bathroom, which brings me to the next life-changing aspect of a camper van. Camper van life makes you brave and gets you out there, interacting with others and connecting with the world. Tips for trying the van lifeReady to try camper van travel?

Persons: can’t, Ford Econoline, we’d, Camper, Dan Cichalski We’d, I’m, van, —, wasn’t, Camper van, You’re, Zackary, Joshua, “ It’s, you’ll, Casey Barber Organizations: CNN, Los Angeles International Airport, Boots, El, Oklahoma City National Locations: North America, New Jersey, Los Angeles, Bloomington , Illinois, Los, Carthage , Missouri, Gallup , New Mexico, Arcadia , Oklahoma, Joshua Tree, California

Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said that the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors. After declaring bankruptcy, 140,000 of the missing bitcoin were recovered — which means that roughly $9 billion worth of bitcoin will be returned to owners, in today's prices. Gox, Arkham Intelligence said Friday. Gox users, according to Arkham. A further $63.6 million of bitcoin was sent to an unknown counterparty, which Arkham said was "likely a listed repayments exchange."

Persons: Thomas Trutschel, Gox, bitcoin, Arkham Organizations: Photothek, Arkham Intelligence Locations: Mt, Gox, bitcoin, Tokyo, Arkham

☆ I'm a boomer traveling the world. I choose to swap houses with strangers instead of staying in Airbnbs.
▼ + stars: | 2024-07-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

I was raised in a military family, so I've lived in a few different places around the world. I have always had a passion for traveling, and buying this round-the-world ticket was a dream of mine. With Home Exchange, you're not — you just pay an annual membership fee. I tend to get the feeling that home-exchange people are more into traveling the world and being open to meeting other people. The couple is staying in strangers' homes around the world and making friendships along the way.

Persons: —, Dorine Olive, I've, Chuck, Olive, we're, It's, We've, He'd, they've Organizations: Service, Business, Star Alliance, Home Exchange, Exchange Locations: Orlando, Croatia, Hungary, Turkey, Uganda, Malaysia, Singapore, Indonesia, Australia, France, Ohio, Olive, New York

☆ Bitcoin plummets as $9 billion Mt. Gox payout begins and government selling adds pressure
▼ + stars: | 2024-07-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Gox bitcoin recipients and government wallets. Gox still holds about 140,000 bitcoin and has started to repay creditors and former customers. The sharp decline has been accompanied by a wave of selling by notable bitcoin holders, including the defunct Mt. Fairlead Strategies highlighted $60,000 as a key support level that has since been broken. The decisive breakdown puts bitcoin's next support level target at around $51,500.

Persons: Bitcoin, Gox, —, Blockworks Organizations: Service, Bitcoin, Arkham Intelligence Locations: Mt, Gox, bitcoin, Germany

☆ Hong Kong's IPO market is finally starting to turn around, consulting firm EY says
▼ + stars: | 2024-07-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Hong Kong Exchanges and Clearing celebrates the 24th anniversary of its listing on June 21, 2024. "We are seeing more of these [U.S. dollar] funds, they are moving back to Hong Kong. "I would say if the interest rate can be further cut down, 1% maybe, that would have a significant effect on the IPO market," Chan said. Hong Kong IPO returns are improving. "These things added together are projecting an upward trend for the Hong Kong market [in the] next 5 years."

Persons: George Chan, Chan, EY, Hong Kong, Marcia Ellis, Morrison Foerster, Hong Kong IPOs, China IPOs, Bonnie Chan, EY's George Chan, EY's Chan Organizations: Hong Kong Exchanges, China News Service, Getty, CNBC, Information, HK, China Securities Regulatory, Hong Kong . Investors, U.S . Federal Reserve, Hong Kong Stock Exchange, Hong, Hong Kong Locations: BEIJING, Hong Kong, China, U.S, Shanghai, Hong, Greater China

☆ Israel Kills a Top Commander of Hezbollah, Which Replies With a Rocket Barrage
▼ + stars: | 2024-07-03 | by ( Euan Ward | Thomas Fuller | ) www.nytimes.com time to read: +1 min

Israeli forces killed a senior Hezbollah commander on Wednesday in a drone strike in southern Lebanon, prompting the Lebanese militia to retaliate with a heavy rocket barrage across the border. The flare-up came as Western diplomats worked to avoid a full-scale war between Israel and Hezbollah, a danger that appears to have grown in recent weeks. Cross-border exchanges of fire have intensified, and Israeli officials have publicly spoken of shifting their military focus from Hamas in the Gaza Strip to Hezbollah, a far more advanced and potent threat. Jean-Yves Le Drian, President Emmanuel Macron’s special envoy to Lebanon, was among the people with whom he met, according to a person close to the talks, who spoke on the condition of anonymity to discuss sensitive diplomacy. He said Mr. Nasser had led Hezbollah’s Aziz unit, one of the group’s main fighting forces along the Lebanese border.

Persons: Amos Hochstein, Jean, Yves Le Drian, Emmanuel Macron’s, Mohammad Naameh Nasser, Abu Naameh, Mr, Nasser, Hezbollah’s Aziz Organizations: Hezbollah, White, U.S, French Locations: Lebanon, Western, Israel, Gaza, tamping, Paris, Lebanese

☆ Tom Lee stands by $150,000 bitcoin forecast, says 10-year Mt. Gox overhang should disappear in second half
▼ + stars: | 2024-07-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Fundstrat's Tom Lee is standing by his $150,000 forecast for bitcoin despite recent weakness in the cryptocurrency. Bitcoin has been stuck in a tight trading range between $60,000 and $70,000 since it touched an all-time high of about $73,000 in March. Gox starting distributions in July – that was a huge overhang for many years," Lee told CNBC's " Squawk Box " Monday morning. BTC.CM= 1M mountain Bitcoin's recent weakness On June 24, the trustee of the now defunct Mt. Additionally, the U.S. and German governments sent large amounts of previously seized bitcoin to exchanges at the end of June, further driving the coin's recent weakness.

Persons: Fundstrat's Tom Lee, Bitcoin, Bitcoin's, Lee, CNBC's, I'd, bitcoin Locations: Mt, U.S

Search resuls for: "Exchanges"

25 mentions found