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According to experts, the Federal Reserve’s handling of rate cuts will greatly impact the affordability of housing in 2024. Mortgage rates are currently hovering above 7% for 30-year, fixed rate loans, which is higher than the historically low rates seen during the pandemic. Economists predict that rates will remain higher in 2024 and will…
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Based on the latest information provided, there are some risks associated with investing in Super Micro Computer (SMCI) beyond the competition faced as an IT architecture solutions provider. Firstly, IT architecture is a low-margin hardware business, and rising investments in capital expenditures are currently weighing down Supermicro’s operating margins. This trend could potentially continue,…
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In order to create a retirement budget, there are several factors to consider beyond just income and expenses. Some of these factors include: 1. Investment strategy and market performance – The amount of money in a retirement account can vary greatly based on investment choices and market performance, particularly during the years leading up…
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The recent surge in meme stocks, including GameStop and AMC Entertainment, has drawn comparisons to the 2021 phenomenon driven by social media discussions. However, there are significant differences in 2024. While both stocks saw dramatic gains of 74% and 32% on Tuesday, they also experienced significant sell-offs throughout the day. Other familiar meme stocks…
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Circle, the creator of the second-largest stablecoin, USDC, is planning to relocate to the United States before potentially going public there. The firm, which recently submitted court documents for the move, is currently headquartered in the Republic of Ireland. Circle announced its intention to list shares publicly in the US in January, having previously…
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On Wednesday, stock index futures remained mostly unchanged in anticipation of the crucial consumer price index (CPI) data, which will determine the impact of rising inflation on the Federal Reserve’s potential interest rate cuts. The tech-heavy Nasdaq reached a new record closing high on Tuesday following optimistic statements from Fed Chair Jerome Powell regarding…
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In response to the ongoing supply concerns in the global wheat market, the CME Group and Euronext exchanges have announced plans to launch dual futures contracts. These contracts will focus on tracking the price differential between wheat futures listed on the Chicago Board of Trade (CBOT) and Euronext’s milling wheat futures. Two versions of…
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According to the latest information, SoundHound AI (SOUN) is a specialist in conversational AI technologies that has caught the attention of Nvidia. Nvidia disclosed in a recent SEC filing that it purchased stakes in several AI-related companies, with SoundHound AI being the most successful investment so far. SoundHound AI’s stock has risen by 160%…
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Based on the provided article and updated information, it is not recommended to buy Plug Power stock due to several factors. While the company is exposed to a potentially massive growth market in hydrogen demand, its ability to benefit from this market is uncertain. The company has a history of missing financial targets, has…
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Heavy machinery, including the largest crane on the Eastern Seaboard, is being assembled at the site of the collapsed Francis Scott Key Bridge in Baltimore to begin removing the wreckage caused by the collision between the cargo ship, the Dali, and the bridge. The Dali, weighing 213 million pounds, veered off course on March…