reAlpha Tech Corp. (NASDAQ:AIRE – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 356,300 shares, an increase of 6.1% from the August 15th total of 335,800 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 145,800 shares, the days-to-cover ratio is presently 2.4 days. Hedge Funds Weigh In On reAlpha Tech A hedge fund recently bought a new stake in reAlpha Tech stock. Sequoia Financial Advisors LLC purchased a new position in reAlpha…
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Looking for the most recent Wordle answer? Click here for today’s Wordle hints, as well as our daily answers and hints for The New York Times Mini Crossword, Connections and Strands puzzles.There are plenty of other online word games now, but I still play the New York Times Wordle game every day. These days, it’s not only an old friend, it’s also a nice warm-up for Connections, Strands and the rest. Also, we’ve ranked all the letters in the alphabet by popularity, if you want to use this list to decide on your best start words.Everyday Wordle tipsI’ve written a lot about Wordle — from covering its…
By Saqib Iqbal Ahmed, Suzanne McGee and Carolina MandlNEW YORK (Reuters) – Investors who anticipated furious market swings following the U.S. Federal Reserve’s bumper rate cut saw more of a muted reaction. That may be fleeting.Traders had been facing high uncertainty as they awaited the expected rate cut on Wednesday, with a split between those expecting 50 basis points and 25 basis points. The Fed cut rates by an unusually large half-percentage-point.But while market reaction was muted, with stocks and the dollar reversing positions to mostly come full circle, there could be another wave of action. Some referred specifically to…
Gary and I, along with our friends Gary and Marie, recently took a trip to northwestern New York to bike some of the Erie Canal Trail. As we were driving along Interstate 90, Pennsylvania and New York seemed a lot like the areas you might see in Ohio along Lake Erie. There were a lot of grapes, corn, soybeans and the occasional farmstead. But once we got further into New York and especially once we got northeast of Buffalo, we saw more and more apple orchards. Agriculture is a big part of the economy in New York, contributing more than…
High interest rates have begun their initial descent.The Federal Reserve on Wednesday announced it would cut its key overnight lending rate by half a percentage point — aka 50 basis points — marking the first time the US central bank has lowered rates since March 2020.It is expected to continue cutting rates over the next year or two. But Federal Reserve Chairman Jerome Powell said Wednesday the board will “make decisions meeting by meeting based on incoming economic data.” Barring a big economic slowdown, however, further cuts may be smaller (e.g.., a quarter point). Of today’s cut, Powell said, “We…
More deals under 4% are coming on to the market, ahead the Bank of England’s (BoE) interest rate decision, with another mortgage war looming that is set to benefit those trying to get on the property ladder.The average rate on a two-year fixed deal this week stood at 5.74%, while average rates for a five-year deal came in at 5.24%, according to figures from Uswitch.The Bank of England cut interest rates to 5% at its August Monetary Policy Committee (MPC) meeting — the first reduction of the UK’s base rate in four years. It is set to keep interest rates…
Asian markets forged higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the… Asian markets forged higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates. In Tokyo, the Nikkei 225 index jumped 2.5% to 37,284.43. Hong Kong’s Hang Seng gained 1% to 17,840.93. The Shanghai Composite index climbed 0.8% to 2,738.19, while Taiwan’s Taiex was up 1%. South Korea’s index was an outlier, losing 0.3% to 2,566.65. The Bank of Japan and the Bank of England are…
The Bank of England is set to hold its interest rate at 5.0% on Thursday. United Kingdom’s annual inflation was stable at 2.2% in August. BoE policy announcements are likely to rock the Pound Sterling. After a close call in August, the Bank of England’s (BoE) September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales. Thursday’s meeting is not a “Super Thursday” – there won’t be any Monetary Policy Report (MPR) or a press conference from Governor Andrew Bailey –, but the United Kingdom (UK) central…
GBP/USD registers gains of over 0.80% following Fed’s cut. The Fed delivers a 50 bps rate cut as it grows confident that inflation will reach its 2% target. The Fed’s dot-plot projects the fed funds rate to end 2024 at approximately 4.4%. The GBP/USD hit a new yearly high of 1.3286 during the North American session after the Fed surprised the markets with a 50 bps rate cut. At the time of writing, the pair trades volatile within the 1.3200-1.3300 range as traders await Fed Chair Jerome Powell’s press conference. Fed cuts rates by 50 bps, not unanimously, as Bowman…
Image source: Getty Images I first purchased FTSE 250 investment manager abrdn (LSE: ABDN) shortly after it was demoted from the FTSE 100 last year. I did so for two key reasons that I think are still in play. The first is the huge yield on the stock, which is one of the highest in any major FTSE index. The second is what i see as the overdone fall in the share price. Are the shares undervalued? A wave of selling follows the demotion of a stock from the FTSE 100, regardless of any fundamental quality in the shares. This…