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By Elle Caruso Fitzgerald
The global video gaming ecosystem is gaining upward momentum in the fourth quarter, fueled by strong enterprise demand for artificial intelligence (AI) tools, cloud infrastructure expansion, and direct-to-consumer mobile monetization strategies.
Concurrent Investment Advisors, a Tampa, Fla.-based hybrid registered investment advisor that operates a 1099 independent contractor platform, is significantly boosting its assets under management with its first acquisition of another RIA platform, the $5.4 billion Spire Investment Partners. Concurrent now has $28.6 billion in AUM, up from $16.8 billion at the start of the year,…
Transportation stocks fell, with the Dow Jones Transportation Average down more than 2% and J.B. Hunt plunging over 13% after warning of weaker third-quarter earnings. Advisers recalibrate for “higher for longer” The 12-0 vote marked a shift from July, when the committee held rates steady in a 9-3 split, Yahoo Finance reported. David Krakauer, vice…
Key insights: OpenUSD, a new stablecoin from a consortium of more than 140 banks, fintechs, payments companies and crypto firms, is now live. What’s at stake: The stablecoin’s shared-economics model gives banks a financial incentive to use the stablecoin, and OpenUSD’s success would pressure existing issuer models. Forward look: Companies are able to build on…
Twelve months used to be enough time for a thesis to play out. That is changing. Strengthening mega forces are putting sustained pressure on labor, energy, infrastructure, capital and materials all at once. These supply side constraints are shaping growth, inflation and the price of risk in ways that do not resolve on a calendar…
We are at an inflection point, a moment when AI-driven mega IPOs are flooding the market—from SpaceX to the frenzy surrounding OpenAI’s and Anthropic’s upcoming initial public offerings. Meanwhile, smaller micro-cap IPOs are vanishing. Micro-cap IPOs are initial public offerings of a company with a market capitalization, or “market cap” (total value of a company’s…
A job switch during the financial year can lead to an unexpected tax liability, even if both employers have deducted TDS correctly. This happens because each employer calculates TDS only on the salary it pays, while your final tax is computed on your total annual income. Dev Patel, Financial Advisor at 1 Finance, highlights a…