Reshoring Global Wealth: The Macro Case For Tesla Optimus

The rupee snapped a five-session losing streak on Tuesday, aided by easing crude oil prices and stronger-than-expected foreign exchange inflows under the Reserve Bank of India’s (RBI’s) recent measures to shore up the country’s foreign exchange reserves.   The domestic currency settled at 96.24 per US dollar against the previous close of 96.45…

Bonds are starting the day just a hair stronger versus yesterday’s close and there are three ways to look at it. At the most basic level, the move is so small that it doesn’t deserve any explanation (i.e. we’re close enough to unchanged to say “nothing new is happening”). But given the recent resurgence of…

The Nagaland state is running three bumper lotteries on Saturday, July 18th, which are part of sambad lottery. Nagaland’s lotteries are divided into three parts: the 1 PM, the 6PM, and the 8PM bumper draw. The first prize winner will get Rs 1 crore on each of the lotteries, while the second and third prize…

Key insight: Use of Block’s Cash App Borrow has expanded in the year since the company received FDIC approval to directly originate loans.  What’s at stake: Block is leaning on Cash App to build a financial services business in competition with PayPal, other fintechs and banks.  Expert quote: “We’ve been able to reach younger demographics…

Key Points Cathie Wood is known for ignoring short-term obstacles and instead focusing on a company’s long-term picture. That has allowed her to get in on some of the world’s most exciting and innovative companies at fantastic prices. The chief executive officer of Ark Invest doesn’t wait for everyone else to get excited about a…

The Bank of Canada is widely expected to hold its policy rate at 2.25% this week, but economists remain divided over how soon the central bank may need to begin raising rates.