Author: Jordan

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…

Trader sitting in front of screens ©Shutterstock Crowded US positioning may create opportunities abroad Barclays believes the dominance of US equities remains firmly in place, but says market conditions are beginning to favour a gradual shift toward international markets as investor positioning becomes increasingly stretched. Writing on Wednesday, strategist Emmanuel Cau noted that US equity funds attracted approximately $150 billion in June, the largest monthly inflow on record, while non-US markets “remained largely for sale.” The bank added that improved confidence in the US economy and easing concerns over Federal Reserve independence have pushed bullish dollar positioning back to its…

The personal information and property addresses of an estimated 70,000 people have been affected by a data security incident at the Singapore Land Authority (SLA), following unauthorised access to an IBM-managed cloud environment.In a statement on Friday (July 3) afternoon, SLA said the unauthorised access involved a data set created for the purpose of vendor development and testing.The data set, which was created in 1998 and updated periodically over the years, was intended to only contain mock and anonymised testing data based on property ownership and lodgement records.However, it has since been found to contain the names, NRIC numbers, and…

Thomas Cook India expands prepaid Forex Card to 28 currencies, adding 16 new ones. Seamless global transactions & cost efficiency for travelers.Mumbai, Apr 30 (PTI) Omnichannel foreign exchange services and travel company Thomas Cook (India) on Thursday announced the expansion of its prepaid Forex Card portfolio to 28 currencies, adding 16 new global currencies.The newly added currencies include Chinese Yuan, Swedish Krona, Vietnamese Dong, Malaysian Ringgit, Indonesian Rupiah, Danish Krone, Hong Kong Dollar, Qatari Riyal, Norwegian Krone, Omani Riyal, Kuwaiti Dinar, Bahraini Dinar, Bangladeshi Taka, South African Rand, South Korean Won and Philippine Peso.This complements the company’s existing suite of…

Introduction On 18 March 2026 the FCA, PRA and Bank of England (Bank) published policy statements introducing new requirements and expectations for the reporting of certain operational incidents, and expanding the scope of existing data collections on third-party arrangements.1 These measures, which follow a package of consultation papers published back in December 2024, are the latest in a series of initiatives to support the operational resilience of the UK financial sector. In particular, they are hot on the heels of the introduction of a new oversight regime for critical third parties to the financial sector (CTPs) in January 2025, which…

Investing.com — Siemens stock rose 2.2% to reach €283.03 during today’s session after brokerage Kepler Cheuvreux reversed its negative stance on the German industrial giant, upgrading the stock to “Hold” from “Reduce” and lifting its price target to €280 from €255. The firm flagged the upcoming third-quarter earnings release on August 6 as a pivotal moment, and simultaneously raised its fiscal 2026–2028 revenue and profit forecasts above the market consensus, giving investors a fresh reason to reassess the stock’s near-term trajectory. Siemens was the biggest individual boost to the DAX on the day, a distinction that underscores how directly the…

Gold (XAU/USD) extends gains on Friday as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday batters the US Dollar (USD) and cools expectations of an imminent Federal Reserve (Fed) interest rate hike.At the time of writing, XAU/USD is trading around $4,185, up about 1.50% on the day. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.76, near two-week lows.The US economy added just 57K jobs in June, nearly half the market expectation of 110K. Following the data, markets shifted expectations for a Fed interest rate hike from…

ModaMortgages has repriced its limited-edition buy-to-let range, cutting rates across several of its most popular two- and five-year fixed-rate products for landlords. Five-year fixed rates at 75% LTV have been reduced by 10 basis points, while five-year 80% LTV standard products have been cut by 5 basis points. Rates now start from 4.84% for standard properties and 4.94% for small HMOs and MUFBs. Across the two-year range, rates at 75% LTV for both standard properties and small HMOs and MUFBs have also come down by 5 basis points, starting from 3.29% and 3.39% respectively. The lender continues to…

The gap points to two shifts underway in the business development company sector. Retail investors are increasingly realizing that exiting these vehicles takes far longer than getting into them, pushing more to request withdrawals. Meanwhile, fund managers are preparing for an extended stretch of heavy redemptions. Blackstone, which met all redemption requests in the first quarter, has since capped withdrawals at 5% to protect capital for future demand. Requests jumped across most major managers, including Apollo Global Management, Ares Management and BlackRock’s HPS credit arm, all of which had been relatively insulated earlier in the year. Blue Owl, long the…