Author: Jordan

After falling into correction territory in March, the Nasdaq index has come roaring back to hit all-time highs. However, don’t expect this momentum to stop. The spending on artificial intelligence (AI) infrastructure is just massive, expected to reach over $700 billion this year. To put that into context, that is more than the gross domestic product (GDP) of all but two dozen countries last year. Image source: Getty Images. However, AI still appears to be in the early innings. Many of the largest tech companies have expressed that AI is a once-in-a-generation opportunity and that winning the AI race is…

Shocking information has come to light about a data breach involving Yes Bank prepaid forex cards. While the IDFC First Bank fraud case is still fresh, Yes Bank consumers have now become victims of cyber fraud. The bank’s Fraud Monitoring System detected a sudden spike in declines or rejections on multi-currency prepaid forex cards issued with BookMyForex. Investigation revealed that hackers had used the Bank Identification Number (BIN) to carry out transactions without customer authorisation.The illegal transactions took place between 3.30 am and 8.30 am (IST) on February 24. These transactions were routed through 15 merchants in Latin American countries.…

Tributes have been paid to the co-founder of the think tank NPC after his death at the age of 68. Peter Wheeler helped set up the charity in 2002 and had remained on its board since, chairing the organisation 2009 and 2012. The former partner and managing director of the investment bank Goldman Sachs was a founding director of the social investment body Social Finance and spent 15 years on its board until 2023. He chaired the former social investment body Futurebuilders England for four years until 2008 and spent almost six years as executive vice-president of The Nature Conservancy. He also chaired the…

Paul Tudor Jones calls Bitcoin the “best inflation hedge that there is.”The billionaire hedge fund manager isn’t the only one to make that case.Jones also highlighted risks to investing in the top cryptocurrency.Paul Tudor Jones is heaping praise on Bitcoin.In a Wednesday appearance of the Invest Like The Best podcast, the billionaire hedge fund manager, who was one of several traders to capitalise on Bitcoin’s near 900% rise in 2020, lauded the top cryptocurrency for its ability to counter inflation.“Bitcoin is, unequivocally, the best inflation hedge that there is,” he said. “There’s only so much Bitcoin that can be mined.”Jones’…

Investing.com — Global equities have staged an impressive V-shaped recovery, but investor positioning has yet to catch up, and Barclays says that gap could fuel further upside. Analyst Emmanuel Cau wrote in a note on Wednesday that despite broad re-risking across markets, hedge fund and CTA exposure remains “some way off from pre-war levels,” while retail investors have made only a slow comeback with moderate ETF inflows. Long-only funds kept pace with $86 billion of inflows in April, but the overall positioning picture suggests, in Barclays’ view, that “there is still room for more chasing.” The bank sees liquidity and…

Jason Harris, Managing Director of professional property purchasing specialists, Open Property Group offers his thoughts ahead on the Renters’ Rights Act.From 1st May, the Renters’ Rights Act marks one of the most significant overhauls of the private rental sector in decades. Designed to strengthen tenant protections and create a fairer housing system, the legislation introduces sweeping changes – including the abolition of Section 21 ‘no-fault’ evictions and tighter controls on how landlords manage tenancies. While the intention behind the Act is clear, the reality on the ground is already beginning to tell a more complex story.At Open Property Group, we’ve…

“It changes the rules of the trade and strengthens China’s pricing influence in the iron ore market,” Xu added.Under the deal, more than half of the pricing formula for some cargoes will be linked to yuan-denominated portside transactions before being converted into dollars, according to people familiar with the negotiations. The traditional Platts benchmark, long central to global iron ore pricing, has reportedly been excluded from covered shipments.The Growing InfluenceHowever, the implications stretch far beyond iron ore.Global commodities are priced overwhelmingly in U.S. dollars, reinforcing the U.S. dollar’s status as a reserve currency. By accepting Chinese pricing benchmarks, BHP has…

NatWest has announced the closure of more of its branches (Image: Getty)NatWest is to close 32 branches across the UK from May 12. These include some closings in the same month, as well as in June, August, September and February 2027. The bank told customers, “Banking has changed dramatically in recent years. There’s more demand for mobile and online services, allowing you to benefit from a faster and easier way to bank.”We understand the closure of your local branch will bring some changes, and we want to make sure you are fully informed and supported every step of the way.”High…

Suffolk Building Society is reintroducing four five-year fixed rate mortgage products after withdrawing them last month because of market volatility. The products will be available from tomorrow, 30 April, for purchase and remortgage. They include a five-year fixed rate residential mortgage at 5.75%, available up to 90% loan-to-value. The mutual is also bringing back a five-year fixed rate buy-to-let mortgage at 5.79%, available up to 80% LTV, and a five-year fixed rate buy-to-let light refurb mortgage at 5.89%, also available up to 80% LTV. A five-year fixed rate holiday let mortgage will be available at 5.85%, up to 80% LTV.…

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. The Morning Bull – US Market Morning Update Wednesday, Apr, 29 2026 E-mini S&P 500 futures are little changed, with a gain of about 0.01%, as investors weigh steady interest rates against rising costs and geopolitical risks. The US Federal Reserve is expected to keep its key rate on hold, while the 10 year Treasury yield sits near 4.35%, a level that keeps borrowing costs for mortgages, credit cards, and…