Singapore, Singapore, October 15th, 2024, Chainwire Gomble Games, the blockchain division of 111%, today announced Launchpool #2, an immersive gaming experience that blends...
U.Today - Larry Fink, the CEO of BlackRock (NYSE:BLK), has once again stoked interest in Bitcoin, predicting that its market capitalization may eventually match that of the United...
TORONTO (Reuters) - Canadian home sales rose 1.9% in September from the previous month and were up 6.9% on an annual basis, data from the Canadian Real Estate Association showed...
(Reuters) - Crypto firm Ripple launched a stablecoin pegged to the U.S. dollar on Tuesday, looking to disrupt a market in which the top two incumbents account for nearly 90% of...
While Nvidia's (NVDA) record high on Monday — the stock has since retreated in Tuesday trading — pushes the tech sector and hopes for the AI chip industry higher, perhaps there are still some opportunities for investors that lie outside of artificial intelligence. Alger Director of Market Strategy Brad Neuman sits down with the Catalysts team in-studio to talk about the three categories or investment themes he is seeing outside of AI: homebuilders, drug developers, and alternative asset managers. "Structurally, we're short homes in America... maybe 2 million homes. So there's a supply-demand imbalance," Neuman tells Seana Smith. "So it's an attractive market from that perspective. And cyclically mortgage rates are kind of elevated relative to the general interest rate picture." In the homebuilder category, Neuman names Builders FirstSource (BLDR), NVR, Inc. (NVR), and Trex Company (TREX). Neuman also makes the case for structural-cyclical dynamics in the biotech and pharmaceutical space: "The pipeline is growing, so it's a growth industry. That said there was an inventory overhang after COVID and the volumes have waned over the past couple of years. But we think they're on the upswing. And next year is setting up to be a normal year, or perhaps even better than that." He names Repligen (RGEN) and Danaher (DHR) for this category. Lastly, Neuman turns to alternative asset management firms, and lists Blue Owl Capital (OWL), StepStone Group (STEP), and Hamilton Lane (HLNE) among potential opportunities. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
-- Bitcoin’s price climbed on Tuesday after Democratic presidential candidate Kamala Harris pledged to support a regulatory framework for crypto, while the prospect of...
The NY Empire State Manufacturing Index, a key indicator of the health of New York's manufacturing sector, has taken a significant downturn. The latest data shows the index at...
By Elisha Bala-Gbogbo ABUJA (Reuters) -Nigeria's inflation rate rose in September for the first time in three months, advancing to 32.70% in annual terms from 32.15% in August,...
According to BlockBeats, on October 15, Federal Reserve's Daly stated that the Fed's monetary policy remains restrictive as efforts continue to reduce inflation. Daly emphasized that the progress towards the Fed's goals is uncertain and vigilance is necessary. The Federal Reserve aims to achieve a 2% inflation target while maintaining full employment in the job market.
According to Odaily, market sources indicate that the New York Federal Reserve's one-year inflation expectation for September stands at 3%, unchanged from the previous value of 3.00%. Data from the New York Fed reveals that consumers' inflation expectations for the next three years have risen to 2.7%, up from the previous 2.5%. Additionally, consumers' inflation expectations for the next five years have increased to 2.9%, compared to the prior 2.8%.