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The carry trade is one of the most popular trading strategies in the currency market. Putting on a carry trade involves nothing more than buying a high-yielding currency and funding it with a low-yielding currency. It’s similar to the adage, “Buy low, sell high.” Key Takeaways A currency carry trade is a strategy that involves borrowing from a lower interest rate currency to fund the purchase of a currency that provides a rate.A trader uses this strategy in an attempt to capture the difference between the rates, which can be substantial depending on the amount of leverage used.The carry trade is…
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Recently beaten-down China online gaming stocks rebounded on Wednesday as Hong Kong markets reopened after a holiday to news of a more conciliatory tone on the sector by the top gaming regulator. Shares of NetEase Inc. NTES, +5.21% and Tencent Holdings Ltd. 700, +4.01% climbed 10% and 4.8%, respectively. NetEase stock lost 24% of its value on Friday, with Tencent sinking 12% and U.S.-listed but China-based gaming group Huya Inc. HUYA, +3.70% dropping 10% after China’s National Press and Publication Administration proposed curbing excessive spending on games by consumers, specifically younger players, and bans on rewards. The draft rules also…
The United States Securities and Exchange Commission (SEC) has revealed a crucial date for the process of approving Bitcoin Spot Exchange-Traded Funds (ETFs) for applicants which are anticipated to launch in January 2024. Deadline For Bitcoin Spot ETF Applicants Eleanor Terrett, a Fox Business journalist and producer recently took to X (formerly Twitter) to share the date on the Bitcoin Spot ETF approval process provided by the US regulator, which is December 29, 2023. However, the deadline given by the US regulator is for all the S-1 Bitcoin Spot ETFs. Terrett also highlighted a first-wave process of approval by the…
Londoners spent £28.7bn on homes outside the capital this year, 29% or £11.7bn less than in 2022 and £20.1bn down on 2021 when outmigration peaked, Hamptons research has found. First-time buyers made up a record 30% of Londoners buying outside the, up from 12% a decade ago. London leavers are increasingly downsizing in both value and space. A record 77% of movers spent less on their new home outside the capital this year, up from 60% in 2022. Aneisha Beveridge, head of research at Hamptons, said: “With only around a million homes changing hands across Great Britain this year, fewer…
Small-caps, a long-suffering section of the stock market, are ending the year on a high note and could rally hard in 2024 if the Federal Reserve cuts rates, especially if the sector’s stellar performance in December has legs in the new year, analysts and investors said. The Russell 2000 RUT, made up of the 2,000 smallest companies by market capitalization in the Russell 3000 RUA, has soared 12.4% in December, outpacing a 4.1% rise by the large-cap benchmark S&P 500 SPX, through Friday’s close. But… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from…
Key Takeaways The “Magnificent 7” refers to a group of high-performing U.S. stocks including Microsoft, Amazon, Meta, Apple, Google parent Alphabet, Nvidia, and Tesla.Several of the Magnificent 7 saw substantial gains in 2023 fueled by artificial intelligence (AI) advancements.Experts say they anticipate continued growth for Microsoft, Amazon, Google, Meta, and Nvidia, driven by ongoing and future AI projects. The “Magnificent 7” stocks had an exciting 2023, significantly outperforming the major U.S. indexes as several got a boost from developments related to artificial intelligence (AI), but experts suggest many of these market leaders’ AI journey has just begun, with more innovation…
The rules that keep American housing expensive. Subscribe and turn on notifications (🔔) so you don’t miss any videos: http://goo.gl/0bsAjO Over the past year, housing prices in the US rose precipitously. Low interest rates and millennials’ entry into the market spiked demand across the nation, leading housing prices in some cities to increase by more than 20 percent in one year, and crushing the dreams of many would-be homeowners. But housing prices in the US were a problem long before 2020 — and while demand is a big part of the story, there’s an even bigger reason it’s increasingly difficult…
A CURIOUS LETTER sent on November 6th recently surfaced in Washington, DC. On that day, nearly a dozen American senators sent a stern note to Janet Yellen, America’s treasury secretary, Jennifer Granholm, its energy secretary, and John Podesta, the senior adviser to the White House on clean energy. It was about the legal guidance they expected from the Internal Revenue Service (IRS) on tax rules governing a generous new subsidy for “green” hydrogen. They insisted that the rules for this clean fuel, that can replace fossil fuels in hard-to-decarbonise industrial sectors like steel and chemicals, must be “a robust and…
A development of 450 homes will be delivered in South Wootton, on the outskirts of King’s Lynn. The development is designed and built by regional housebuilder Allison Homes East, while it will be completed in 2030. The marketing suite and show homes are set to open next year, with the first phase of homes being available around the same time Glyn Mabey, managing director at Allison Homes East, said: “We are very excited to launch our Wootton Grange development and to be furthering our investment in Norfolk. “Wootton Grange forms an important part of our growth plans at Allison Homes…