Why do share prices fall after an interest rate cut? This is what the experts think
The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices…
Factsheet: Instagram accounts for teens, Uber badges, Apple Watch Series 10
Good morning Alarming news from the Middle East yesterday: Hundreds of pagers exploded almost simultaneously in Lebanon and Syria, killing several people and injuring thousands. If you’re like me, your second thought after “Gosh, what a crazy headline” is… wait,…
OpenAI introduces new technology that can supposedly “think”
Good morning, Quartz readers! WHAT YOU NEED TO KNOW OpenAI says its products will soon start thinking. The company’s latest models will pause for a while to spit out answers to increasingly complex queries. Trump Media shares on a losing…
Viral “Chase Bank Glitch” promised people free money
In a not-so-shocking development, a viral TikTok trend once again turned out to be little more than a silly stunt that ruined the lives of those influenced. The trend involved exploiting a bug in JPMorgan Chase ATMs that allowed users…
Why JD.com shares rose nearly 9% on Friday
At the end of a good week on the stock market JD.com (NASDAQ:JD) The price of its U.S.-listed American Depositary Receipts (ADRs) rose nearly 9% on Friday. The major Chinese e-retailer was still riding the glow of a strong second…
Why JD.com shares rose nearly 9% on Friday
At the end of a good week on the stock market JD.com (NASDAQ:JD) The price of its U.S.-listed American Depositary Receipts (ADRs) rose nearly 9% on Friday. The major Chinese e-retailer was still riding the glow of a strong second…
Jamie Dimon calls for introduction of the “Buffett Rule” to tax millionaires
Jamie Dimon is reviving a ten-year-old tax rule proposed by Warren Buffett. Donald Bowers/Getty Images for Fortune Last month, the U.S. national debt surpassed a record $35 trillion for the first time, fueling economists’ fears that the country is heading…
Boston Celtics hire several companies to assist in the sale of the franchise
September 25, 2015; Waltham, MA, USA; Wyc Grousbeck, managing partner and co-owner of the Boston Celtics during media day at the Boston Celtic Practice Facility. Mandatory Photo Credit: David Butler II-USA TODAY Sports The Boston Celtics have reportedly retained the…
75% of the carry trades blamed for the recent stock market crash have been unwound
Three-quarters of the world’s carry trade business has now been eliminated, according to JPMorgan Chase & Co., and recent sell-offs have wiped out this year’s gains. Yields on the bank’s G10, emerging market and global carry trade baskets have fallen…
