South Korea’s chip giants just logged their biggest rally ever. What it means for the global AI trade.
The Kospi saw its best-ever day on Friday, as the index came roaring back thanks to historical jumps in its big tech names.
How a Professor Reached Lean FI Using the Permanent Portfolio Strategy
Moving abroad and investing consistently helped Miguel Marquez reach “Lean FI,” a variation of financial independence in which your investments can cover your basic necessities, but not much else. Sometimes described as “the minimalist’s way to retire early,” Lean FI is often a stepping stone to traditional financial independence, when a portfolio can support both […]
Skip the Penalty: 3 Smart Ways to Reduce or Eliminate RMDs Without Getting Burned
Key Points While moving funds from your retirement account into a Roth IRA may save you money, it can be complicated and require professional assistance. Qualified charitable distributions allow you to do two things at once: save money on taxes and do something good for a worthy charity. The “still working” exception can help postpone […]
Philly’s Big-Box Warehouse Owners Subdivide Spaces After Developing ‘The Wrong-Size Buildings’
The post-pandemic industrial boom brought a wave of speculative big-box construction to Philadelphia proper, a market with little precedent for that type of product. Owners are now breaking up those buildings to accommodate the smaller footprints of the tenants that actually want space in the city. Courtesy of Greek Real Estate Partners Greek Real Estate Partners’ […]
Aave Proposal Targets 50 Reserves in Six-Market Wind-Down
An Aave governance proposal would wind down the lending protocol’s V3 markets on six blockchains and retire dozens of low-use token listings, a cleanup covering $98.1 million in supplied assets and $15.6 million in debt. Risk service provider LlamaRisk, working with other Aave service providers, recommended offboarding 50 low-use reserves and 21 matured Pendle principal […]
CSA, CIRO warn dealers: foreign ETF marketing can trigger prospectus rules
For wealth managers and fund managers, the notice’s central message is about marketing. Staff wrote that actively promoting a foreign ETF in Canada – through wholesaling to dealers, paid incentives, advertising in Canadian or social media, listing the fund on a Canadian affiliate’s research tools, or cross-listing it on a Canadian exchange – could count as a distribution and trigger the […]
Thermax shares crash 16% after firm expects weak quarters ahead after muted Q1 results
Shares of Thermax tumbled as much as 16% to an intraday low of Rs 3,567 on the BSE on Friday after the company reported an 86% year-on-year decline in net profit to Rs 22 crore for the first quarter of FY27. The sharp drop in earnings was largely due to a one-time project cost overrun […]
Apple drops 7%, Amazon surges 12% after earnings
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings […]
XTB Shares Jump 8.6% to Record as Q2 Profit Beats Analyst Forecast
Shares in Warsaw-listed XTB jumped almost 9% yesterday (Thursday) after the online broker’s preliminary first-half figures showed that earnings remained close to the record level reached in the first quarter, even as client trading volumes declined. The stock closed 8.6% higher at PLN 147.68, setting a new all-time closing high. It traded at PLN 75.00 […]
IG Group Might Pay Over $2.1B for Prediction Markets Deal, but Its Only a “Funnel”
IG Group (LON: IGG) has entered the prediction markets. The Underdog deal did not come out of the blue. The broker’s CEO, Breon Corcoran, already revealed on the last earnings call that it was actively looking into prediction markets. But apart from the $1.3 billion headline of the Underdog buyout, IG mentioned the real purpose […]