In the ongoing evolution of global finance, the role of sovereign wealth funds (SWFs) remains paramount, reflecting the economic ambitions of nations. Notably, Abu Dhabi’s Mubadala Investment Company has emerged as a formidable player, accounting for an impressive 20% of the total $136.1 billion disbursed by SWFs worldwide in 2024. This represents a significant escalation
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The holiday season is a pivotal time for Broadway productions, often leading to a surge in ticket sales and heightened audience attendance. This past Christmas week brought both remarkable successes and notable disappointments to the Great White Way. In what can be described as a paradox of thriving productions and significant challenges, the box office
In a dramatic display of leadership under duress, Israeli Prime Minister Benjamin Netanyahu made a noteworthy decision to leave his hospital bed after undergoing prostate surgery to address a growing crisis within his coalition government. The escalating tensions among coalition partners, notably the hardline factions, have threatened the viability of his government as they voiced
As 2024 draws to a close, the housing market presents a mixed bag of news. While it’s encouraging to note a significant uptick in supply—active listings were up by 12.1% in November 2024 compared to the same month the previous year, marking the highest level seen since 2020—this cannibalization of inventory comes with its own
As the trading year comes to a close, U.S. stock market indices opened with enthusiasm, indicating a notable end to a fluctuating year. On the final trading day of the year, the benchmarks such as the S&P 500 experienced a significant increase of over 1%, while the Dow Jones Industrial Average (DJIA) rose by approximately
Amidst a challenging landscape for tech stocks, Intel’s performance is drawing attention. The chipmaker has experienced a significant decline of over 60% throughout 2024, making it the second-worst performer in the S&P 500 index. However, in midday trading, there was a glimmer of positivity, with the stock bouncing back by approximately 1.2%. This brief resurgence
In a notable move that underscores the intensifying competition within the artificial intelligence (AI) sector, Alibaba has announced significant price cuts on its large language models (LLMs) by up to 85%. This decision was publicized by Alibaba Cloud, the tech giant’s cloud computing arm, via a WeChat post earlier this week. Although the news barely
This year, the world of finance faced a profound loss with the passing of Arthur Cashin, often simply referred to as “Art.” As the director of floor operations at the New York Stock Exchange (NYSE) for decades, Cashin was not only a guiding figure within the financial arena, but he also brought creativity and warmth
As Wall Street heads into the final trading day of 2024, there’s palpable optimism in the air. For more than two years now, the market indices have steadily climbed, buoyed by signs of post-pandemic resilience in the economy. The S&P 500, Dow, and Nasdaq are nearing record highs, with projections indicating that they will conclude
As the year draws to a close, European stock markets faced downward pressure on Monday, mirroring declines seen across Wall Street. The pan-European STOXX 600 index witnessed a decrease of 0.6%, with technology and healthcare sectors leading the retreat. This downturn signals a cautious sentiment among investors, especially as many European exchanges anticipate a quieter