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Financial News Around the World

Manhattan is now a ‘buyer’s market’ as real estate prices fall and inventory rises

The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel.

Published 2 July 2024
Categorised as Finance News

Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

Revolut’s CEO Nikolay Storonsky said he is optimistic about the fintech firm’s chances of being granted a U.K. banking license.

Published 1 July 2024
Categorised as Finance News

Citadel’s Ken Griffin says he’s not convinced that AI will replace human jobs in the near future

Griffin, whose firm has been at the forefront of automation, said machine-learning tools have their limits when it comes to adapting to changes.

Published 1 July 2024
Categorised as Finance News

A new index is using AI tools to measure U.S. economic growth in a broader way

The Zeta Economic Index, launched Monday, uses generative artificial intelligence to analyze what its developers call “trillions of behavioral signals.”

Published 1 July 2024
Categorised as Finance News

Stocks making the biggest moves midday: Chewy, GameStop, Boeing, Norwegian Cruise Line and more

These are the stocks posting the largest moves in midday trading.

Published 1 July 2024
Categorised as Finance News

Branding Chewy a meme stock is bad for the pet retailer, according to Wall Street analysts

Analysts said elevated volatility and potential meme status could hurt the retailer.

Published 1 July 2024
Categorised as Finance News

Is the U.S. stock market too ‘concentrated’? Here’s what to know

Just a handful of large U.S. companies account for a third of the S&P 500 stock index. Some experts fear investors are at risk.

Published 1 July 2024
Categorised as Finance News

Stocks making the biggest moves premarket: Chewy, Birkenstock, GameStop and more

These are the stocks posting the largest moves in premarket trading.

Published 1 July 2024
Categorised as Finance News

Chewy shares rally 20% after SEC filing reveals ‘Roaring Kitty’ Keith Gill has 6.6% stake

The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company.

Published 1 July 2024
Categorised as Finance News

Millennials are ‘very ill-prepared’ to be the richest generation in history, wealth manager says

Millennials are purportedly poised to be the wealthiest generation in history, but are they ready to handle the vast inflow of money?

Published 1 July 2024
Categorised as Finance News

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