• Oct 08, 2024

FirstRand Turns More Bullish on South Africa’s Economy, Rand

(Bloomberg) -- FirstRand Ltd. has turned more bullish on South Africa’s economy, and now sees a greater chance of economic growth accelerating to 2% and the rand strengthening to below 16 per dollar next year.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesWhat Do US Vehicle Regulators Have Against Tiny Cars?For a Master of Bru

• Oct 08, 2024

Morning Bid: Stocks stall, Hang Seng decimated, oil ebbs

World markets painted a messy picture on Tuesday, with recently pumped-up crude oil prices retreating sharply and disappointment surrounding China's economic stimulus already setting in - knocking Hong Kong shares back almost 10%. The return of mainland Chinese markets after a week's holiday there did see the CSI300 index play catch-up with another jump of about 6%. Chinese officials said they were fully confident of achieving this year's 5% GDP growth target.

• Oct 08, 2024

In the Market: Fed may struggle to rid backstops of stigma amid new push

The U.S. Federal Reserve is encouraging banks to count on its long-shunned cash backstops in a bid to support its monetary policy and financial stability goals. The Fed’s discount window and the Standing Repo Facility (SRF) are credit backstops where lenders can get cash against collateral such as Treasury bonds.

• Oct 08, 2024

Everything to know about Nvidia, from the stock to its AI chips

Nvidia has emerged as one of the hottest artificial intelligence stocks on the market. The 31-year-old company’s meteoric rise is largely due to the recent AI boom, which revealed the unexpected potential of its core product, the graphics processing units (GPUs), for AI development.

• Oct 08, 2024

California home made from wine barrels, 'rustic charm' hits market: See inside

"The Barrel House," a homemade of reclaimed redwood wine barrels in Big Sur, California has hit the market and is available for purchase purchase.

• Oct 07, 2024

AAFA Calls Out Facebook and Instagram as Counterfeit-Laden ‘Notorious Markets’

The Washington, D.C.-based trade group has recommended for the fifth year in a row that the Meta-owned platforms be added to USTR's growing list of Notorious Markets.

• Oct 07, 2024

FTX shareholders could get $1 billion after crypto firm is cleared to fully repay customers

A judge has reportedly approved payments to customers of collapsed crypto exchange FTX — and its shareholders could get $1 billion in seized assets.

• Oct 07, 2024

Who really created Bitcoin? A new HBO documentary claims it has the answer

“Money Electric: The Bitcoin Mystery,” a new documentary from HBO (WBD) debuting Tuesday, promises to unmask one of the richest and most mysterious figures on the planet: the creator of Bitcoin.

• Oct 07, 2024

FTX token, Sui, Aptos, Popcat, and more: Cryptocurrencies to watch this week

The crypto market is closely tracking the stock market’s movements, reflecting broader economic trends. After a surge on Friday, spurred by a strong jobs report, cryptocurrencies saw a downturn on Monday morning as escalating tensions in the Middle East weighed on investor sentiment. However, Nvidia’s (NVDA) AI summit this week has somewhat provided a boost to certain AI-driven tokens, offering investors a glimpse of upward momentum in a market otherwise under pressure.

• Oct 07, 2024

Goldman Sachs says the S&P 500 could hit 6,000 this year

Goldman Sachs (GS) raised it forecast for the S&P 500 by year-end as the U.S. economy shows increasing signs of resilience.