Bonds are starting to look more appealing than equities to Australian Retirement Trust, one of the country’s largest pension funds, which is betting that stocks’ ability to deliver surprising returns is fading. https://www.wsj.com/articles/australian-pension-fund-cuts-equities-exposure-favors-bonds-4250f092
History may favor Biden, but bettors are putting the former president’s election chances above 50% for the first time. from Bloomberg Markets https://ift.tt/QZAYEtc
Citi MD AND Chief India Economist Samiran Chakraborty believes despite favorable macro data, the Reserve Bank of India is unlikely to signal monetary easing at its June meeting. He speaks with Haslinda Amin on “Bloomberg Markets: Asia.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/8dglyvh
UK assets have mostly traded sideways since the announcement of the July 4 election, but that hasn’t stopped market participants from becoming more positive, with the opposition Labour Party far ahead in the polls. from Bloomberg Markets https://ift.tt/YQBAn56
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on…
Short-term implied volatility in the rupee has spiraled to the highest in nine months, suggesting mounting nervousness as India’s weeks-long election enters its final stretch. from Bloomberg Markets https://ift.tt/aoprhYm
The U.S. District Court for the District of Utah has dismissed the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. The judge has also ordered the SEC to pay approximately $1.8 million in attorney and receivership fees. SEC Ordered to Pay $1.8 Million in Fees In a post…
Technological devices and the human body are no strangers. From glasses to hearing aids to pacemakers, we’ve been wearing, ingesting and implanting technology for decades. But soon, these devices will have the capacity to completely merge with the body while maintaining a real-time connection to an external machine. CNBC explains the “Internet of Bodies.” https://www.cnbc.com/video/2024/05/31/what-is-the-internet-of-bodies.html
On this episode of Voternomics, we discuss the potential outcomes of the country’s election and what they would mean for its economy. from Bloomberg Politics https://ift.tt/pm2us0A
The internet search giant says strange and incorrect answers have prompted more than a dozen technical improvements so far. https://www.wsj.com/articles/google-refines-ai-search-overviews-after-odd-results-38ad78e3