CashNews.co There are no two ways about it: The dawn of the artificial intelligence (AI) revolution in early 2023 has been a windfall for chipmaker Nvidia (NASDAQ: NVDA). The company pioneered the graphics processing units (GPUs) that have become the gold standard for a variety of use cases by providing the computational horsepower needed to […]
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CashNews.co In July 2024, Elisa de Anda Madrazo assumed the presidency of the Financial Action Task Force (FATF), the global financial crime standard setter, setting out her priorities for her presidency. Her presidency comes at a pivotal moment, as the FATF embarks on a new series of mutual evaluations – the fifth since its inception […]
CashNews.co Brian R. Hole, President at Willis Lease Finance WLFC, disclosed an insider purchase on October 10, based on a new SEC filing. What Happened: Hole’s recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, involves purchasing 11,066 shares of Willis Lease Finance. The total transaction […]
CashNews.co Mortgage rates rose sharply last week, a new challenge for beleaguered house hunters and potential refinancing candidates. The average rate on a 30-year fixed-rate loan jumped to 6.32% for the week through Wednesday, according to Freddie Mac, up from 6.12% a week earlier. It’s the biggest week-over-week increase since April. Average 15-year loans rose […]
CashNews.co One of the best aspects of putting your money to work on Wall Street is that most online brokers have eliminated barriers that had previously kept retail investors on the sideline. Minimum deposit requirements and commission fees for common stock trades on major U.S. exchanges are predominantly a thing of the past. For everyday […]
CashNews.co Getty Images China has cracked down on businesses including real estate, technology and finance “Now I think about it, I definitely chose the wrong industry.” Xiao Chen*, who works in a private equity firm in China’s financial hub, Shanghai, says he is having a rough year. For his first year in the job, he […]
CashNews.co SEOUL, South Korea (AP) — South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt. The Bank of Korea lowered its key interest rate by a quarter percentage point […]
CashNews.co Chinese stocks fell, with a key benchmark on course for a weekly loss, as caution prevailed before a high-stakes government press conference where a major fiscal stimulus package could be announced. The CSI 300 Index slid 1.9 per cent to 3,922.80 at the break, taking the five-day loss to 2.4 per cent. If the […]