Author: Jordan

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:…

Brokers can choose between a lower initial rate with a higher reversion rate, or a higher initial rate with a lower reversion rate. Both options sit either side of the core range reversion rate.The lender has also reduced rates across its BTL and limited company BTL ranges, as part of its re-entry into the sector.  Paul Adams, sales director at Pepper Money, said: “Affordability is still one of the biggest challenges brokers are navigating for their customers, especially when rates are moving as quickly as they have been. “Often, 2-year affordability can be difficult to make work. But at the same…

Synergy One Lending is merging into American Pacific Mortgage in a move the companies say makes them one of the largest retail lenders in the country. Processing ContentThe companies announced the deal Friday, which will keep the Synergy One Lending brand as a division of the Northern California-based APM. The combination is expected to increase combined production to around $14 billion a year. Terms of the deal were undisclosed, although the move is one of the larger deals between industry players so far this year. APM CEO Dustin Sheppard lauded Synergy One’s culture and leadership, and praised CEO Steve Majerus will join…

New lending dipped by close to $1 billion in the month of April but was still higher by almost $2 billion compared to the same period last year. The Reserve Bank’s new lending fully secured by residential mortgage data series shows $14.2 billion of new lending during April, down 6.4% from $15.1 billion in March. Compared to April 2025, total new lending was up 15.5% from $12.3 billion. Total monthly new residential lending edged down from $8.7 billion in March to $8.3 billion in April. On a yearly basis, the total monthly new residential lending was up just 3.5% from…

When advisors and investors think about cryptocurrency, “volatility” is typically the first word that comes to mind. However, the digital asset space has also delivered notable bright spots recently, including the expansion into AI infrastructure and a strong performance throughout the month of May. For instance, take a look at the (BLOK A). As of May 31, 2026, the fund’s NAV has risen 14.49% over the past month and 41.69% over the past 12 months.  As one would expect from its name, BLOK invests in companies that are engaged in blockchain innovation or crypto infrastructure, and may also allocate to…

(Kitco NewsWire) – Spot gold and silver prices are sharply lower in late-afternoon U.S. trading Friday, after a stronger-than-expected May jobs report lifted Treasury yields, firmed the U.S. dollar and triggered heavy selling across precious metals. At the time of writing, spot gold was trading near $4,323.70 an ounce, down 3.39%, while spot silver was trading at $67.895, down 8.12% on the session.U.S. employers added 172,000 jobs in May, while the unemployment rate held at 4.3%. Leisure and hospitality added 70,000 jobs, local government added 55,000 and health care also gained, while financial activities employment declined by 22,000. The payrolls…

LUSAIL CITY, QATAR – DECEMBER 18: Gonzalo Montiel of Argentina scores the winning penalty during the penalty shoot out to win the FIFA World Cup for Argentina during the FIFA World Cup Qatar 2022 Final match between Argentina and France at Lusail Stadium on December 18, 2022 in Lusail City, Qatar. (Photo by James Williamson – AMA/Getty Images)Getty ImagesThe 2026 FIFA World Cup championship, along with the 104 matches leading up to it, promises to be the most-watched sporting event the world has ever seen—far surpassing the 2022 Qatar final between Argentina and France, which drew 1.5 billion viewers and…

The sharp rise in oil prices and heightened market volatility stemming from the Iran war have produced an unexpected group of winners this year: quantitative hedge funds that use computer-driven models to identify and trade market trends.The conflict has fueled major moves across commodity, currency and futures markets. Those conditions have created a favorable environment for commodity trading advisors, or CTAs, which rely on systematic strategies rather than discretionary investment decisions.Many of these funds have posted double-digit returns in 2026 after successfully capturing rallies in crude oil, gasoline and diesel markets during the early months of the conflict, according to…

Big Battlemage goes single-slot with SPARKLE Arc Pro B70 and MAXSUN Arc Pro B65Intel’s Arc Pro B70 and Arc Pro B65 are getting more compact partner designs at Computex. SPARKLE is showing an Arc Pro B70 32GB Blower 1S, while MAXSUN has displayed Arc Pro B65 32G Turbo and Fanless cards.These are workstation cards, but the layout is the main detail here. Both vendors are using single-slot designs, which makes them suitable for dense multi-GPU systems. With 32GB per card, an eight-card setup would provide 256GB of combined VRAM, assuming the platform and chassis support such a layout.Source: SparkleSPARKLE’s Arc…

The Central Bank of Kenya (CBK) is preparing to broaden its definition of money. Under a new proposal, the CBK may begin holding silver and platinum as part of its official reserve assets. This shift would expand the composition of Kenya’s monetary backstop beyond traditional foreign-currency holdings and gold.   With global currencies fluctuating and growing interest in commodity-backed reserves, this move signals a clear strategy. For years, central banks have mostly held foreign currencies, especially the US dollar, as well as government bonds and, more recently, gold. Adding silver and platinum would be an unusual step for an African country.   The question…