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United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann reports USD/CNH slipped to 6.7459 after failing to extend a modest bounce, with limited downside momentum. Intraday, they see potential to test last week’s 6.7420 low but doubt a sustained break below. On a 1–3 week horizon, they expect the pair to continue edging lower toward 6.7300 as long as 6.7640 strong resistance holds, while a move above 6.7550 would ease current pressure.Soft downside bias with nearby supports”24-HOUR VIEW: We indicated yesterday that USD “is likely to trade between 6.7500 and 6.7620.” However, after edging to a high of…

L’optimisme des marchés américains est au plus haut, porté par la géopolitique et les résultats exceptionnels des grandes entreprises de l’IA. Celles-ci ont connu des envolées boursières ébouriffantes, après plusieurs trimestres de contre-performance.

Flutter shares faltered Wednesday after the company slashed its full-year U.S. profit guidance by 22% and announced the departure of CEO Peter Jackson at the end of the quarter. The current CEO of Flutter’s international business, Dan Taylor, will take the reins, effective Oct. 1. The company reported earnings per share of 49 cents for its second quarter, falling below Wall Street expectations of 60 cents per share, according to LSEG. Revenue narrowly beat analysts’ estimates, at $4.33 billion versus the $4.26 billion expected by LSEG. For its full-year, Flutter now expects adjusted earnings before interest, taxes, depreciation and amortization…

If you’re buying an index fund or exchange-traded fund (ETF) that tracks a particular index, there are two main options you can choose.An equal-weighted index fund is exactly that – a fund where all components (shares or bonds) are the same size.Conversely, a market cap-weighted index fund allocates proportionately, so the larger companies’ stock or bonds make up a higher share of the index and the smaller companies’ stock or bonds comprise a smaller amount. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to…

Hit TBS drama “Vivant” is one of five titles having new episodes broadcast in Thailand within days of airing in Japan. (Source photos by Nikkei and TBS) TOKYO — The Japanese government is expanding a pilot project aimed at promoting the country’s TV dramas in Thailand, in an effort to gauge overseas demand as it considers extending distribution to other Asian markets.

Market Update: FIS, HIG, HON, TT, SON, BUD, ABBV, ANET

It has been over three-and-a-half years since the debut of OpenAI’s ChatGPT spurred booming corporate interest in generative artificial intelligence tools to remake work. And yet Hitachi, which employs nearly 290,000 globally, still hasn’t deployed a single, enterprise-wide AI tool for all workers across the Japanese conglomerate. This more cautious approach may prove to be prudent for Hitachi, given that research has shown a high number of enterprise AI pilots fail and a debate that’s intensified regarding the cost of AI, leading most large employers like Hitachi to closely track workplace AI usage as costs rise. Bala Krishnapillai, the senior…

Revolut cofounder and CEO Nik Storonsky is in talks for a new share deal that would up his stake in the fintech giant if it hits a valuation of about $500bn, according to reports.People familiar with the matter told the Financial Times that Storonsky would be granted a stock windfall if the company hits its new target.This follows reports of the previous deal Storonsky signed to increase his ownership by “several percentage points” if Revolut hit a $150bn valuation.In a Russian language interview published in December last year, Storonsky confirmed a 29% stake in the company, saying it would increase…

SpaceX shares sank 12% on Wednesday after a surge in artificial intelligence spending rattled investors and clouded an otherwise expectation-beating quarter.In SpaceX’s first earnings report as a public company on Tuesday, Elon Musk’s space firm said its capital expenditures jumped sixfold to $18.4 billion in the second quarter. This figure was ahead of analyst expectations, with the majority of the spending going toward AI.The company’s stock closed at just over $125 on Tuesday, sitting below its $135 initial public offering price. It is well off its more than $200 all-time high that was hit shortly after it began trading on…

I write before my kids wake up and after they go to sleep. That’s the arrangement. It means I’m free during summer, winter, and spring breaks, along with weekends, which is the whole point of building a lifestyle business in the first place. I gave up a handsome paycheck for the ability to always be the one at pickup. I’d probably be far richer if I had kept grinding in finance after the kids were born. I’d also be more tired, more stressed, less healthy, and less happy. Their first five years flew by. Now I’m trying to bank as much time…