News
Investment in Passenger Rail Projects to Boost Travel in the American West
President Biden announces $8.2 billion funding allocation for ten major passenger rail projects across the United States. Investment aims to develop high-speed, electric train routes, connecting Nevada, California, Los Angeles, and San Francisco.
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Stellantis to Cut Jobs at Two Jeep Plants in the U.S.
Stellantis will implement job cuts at two Jeep plants in the U.S. as a result of California emissions regulations, affecting over 10,000 workers. This move aligns with cost-cutting measures in the automotive industry.
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WTI Crude Rebounds as Dollar Weakens
WTI crude futures stabilize as US dollar weakens, recovering from a multi-day pullback and hitting a six-month low. Market participants remain skeptical about OPEC's ability to uphold promised production cuts.
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Overcoming Bias: A Path to Investment Success
As investors, we must overcome bias and strive for an open mindset to achieve success. New research reveals the detrimental effects of political polarization on investment professionals. Engaging with opposing viewpoints is crucial for optimal investment performance.
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PayPal Stock Drops as Amazon Ends Venmo Payment Option
Amazon's decision to end Venmo as a payment method for Prime users has led to a decline in PayPal stock. Analysts speculate on the impact on PayPal's ability to monetize partnerships with other online retailers.
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Mortgage Rates Drop to Lowest Level Since Mid-August
Mortgage rates hit their lowest point since mid-August, generating interest in applications. Home builders remain positive about the market.
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TechyBird Acquisition Corp. Files for IPO
TechyBird Acquisition Corp. files for an IPO with a focus on biotech and pharma, targeting growth companies in the $100M-$2B range. Proceeds will fund trust account and operational needs.
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Malaysian stocks decline for the third consecutive session
The Malaysian stock market experienced its third consecutive session of decline, with Axiata Group and Sime Darby being the biggest decliners. Other Southeast Asian and Asia-Pacific markets also saw varied performance.
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Market Update
U.S. futures point to a positive start, European markets have mixed performance, dollar index retreats, commodities and bond yields update
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The Case for Active Investing in 2024
BlackRock believes that 2024 presents an ideal opportunity for active investors. Quality companies, stability, and price sensitivity are key strategies for success.
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