Deira Trading Company

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Here’s how people are building their nest eggs using ‘rent and invest’ strategies

Also in Weekend Reads: The disrupted bond market, a warning for traders who borrow money, and advice from the Moneyist.

The wealth of the world's billionaires reached $15.1 trillion last year, per a new report

The global billionaire count hit a record of 3,795 people last year, with the biggest wealth gains for the richest of the rich, per a recent Altrata report.
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Adobe just announced its next CEO. Here’s why its stock is dropping.

Incoming CEO Anil Chakravarthy is a company veteran. But another longtime business head will be departing Adobe, potentially foreshadowing further turnover in leadership.

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Automakers urge Congress to permanently ban Chinese connected vehicles in U.S.

Major automakers in the U.S. are urging Congress to ban the domestic sale, import and manufacturing of Chinese connected vehicles, hardware and software.

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How to invest in a booming stock market that’s way cheaper than the S&P 500

Poland’s reclassification as a developed economy from an emerging market opens it up for investment by many more investors.

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There’s a new record number of 401(k) millionaires as retirement savings hold at all-time highs

Retirement savings hovered at record highs in the second quarter, pushing the number of 401(k) millionaires to a record as investors focused on their long-term goals despite persistent anxiety about…

Southwest to debut airport lounges in four cities, with more to come

The airline is partnering with Chase on the effort, saying it wants to build on that company's Sapphire Reserve Lounge Network.

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Broadcom’s stock falls despite upbeat earnings, extending a frustrating stretch for investors

Broadcom topped expectations with its latest quarterly financial results, but that wasn’t enough to send its stock higher.

American Airlines continues premium push with redesigned Boeing planes

American Airlines is adding its most premium seats to its largest planes, which it uses for its most popular long international flights.

Ford's production of highly profitable Super Duty trucks hits 20-year high as it recovers from supplier fires

Ford reported its eighth consecutive month of year-over-year U.S. new vehicle sales declines in August.
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Businesses created the fewest new jobs in 7 months, ADP says. Hiring slowed in the summer.

U.S. businesses created just 38,000 new jobs in August, ADP said, the second small increase in a row, pointing to a slowdown in hiring during the summer.
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AI capital expenditure forecast to exceed the cost of building railways in both the U.S. and the U.K. — with the internet added on top

The accounting giant says the buildout of artificial intelligence differs from the development of railways and the internet because of its scale and spending growth.
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Dell’s AI servers drive a stellar earnings performance, and a raised outlook

The company’s backlog has reached $95 billion as demand accelerates for its AI servers

OneRail launches AI platform with Nvidia for retailers to make faster delivery decisions

Last-mile delivery company OneRail is launching a new platform with Nvidia to use AI to help retailers make faster and more efficient delivery decisions.

Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot

Whatnot and TikTok are tapping into its potential livestream shopping in the U.S. after a decade of massive success in China.
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Dow drops below a key chart level, warning of more trouble ahead

The index last closed below its 50-day moving average on April 10, which marked the end of a correction phase that included a 5,000-point drop at its low point.

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Global oil prices surge above $94 a barrel after the U.S. strikes Iranian targets

Oil prices on Tuesday extended their increase from morning action after the U.S. military said it struck Iranian targets in the Strait of Hormuz in response to Tehran’s overnight attacks…

How one of the largest investors in student housing is playing this school year

Mike Gordon of Harrison Street Asset Management said funding cuts and enrollment trends are making specialization more vital than ever.

Toyota's hybrid RAV4 is in demand as dealers wait for more supply

When Toyota announced the new version of its SUV, it said the RAV4 would only be available as a hybrid and that production would be limited at first.
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Lake America? Trump’s Lake Ontario name change creates map mayhem for Apple and Google.

Google Maps now shows different names depending on a user’s country, while a Trump administration official says Apple has been “directly” contacted by the president about making changes.
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Amazon’s stock slips as the FTC alleges billions of dollars in hidden ad fees

Regulators claim Amazon artificially bumped up floor prices during peak shopping periods, adding surcharges to merchants’ ad spending.

Trump strikes new drug pricing deals with nine midsized drugmakers

The string of deals builds on the Trump administration's push to link the nation's drug prices to cheaper ones abroad.
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Tesla’s stock among S&P 500’s top gainers as investors prepare for a Cybercab launch

The company is seemingly getting closer to rolling out a vehicle that comes without a steering wheel or pedals.

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Manhattan's luxury rental market is booming, with units reaching $100,000 a month

New York City brokers said they've seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.
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Historic $7.5 million L.A. home restored by ‘Rocky Horror’ actor Tim Curry finds a buyer just hours after his death

The late actor’s former Los Feliz home was later owned by a host of other famous faces, including “Twilight” star Robert Pattinson, “The Pitt” actor Noah Wyle, and “The Big…
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U.S. stock futures slip as chances of rate hike rise after Warsh’s Jackson Hole comments

U.S. stock-index futures declined on Sunday, as investors ponder the likelihood of a fresh interest-rate hike and look ahead to fresh labor data and tech earnings this week.
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These charts show how leverage-happy investors are transforming the stock market

A rush of retail investors and quant funds has caused a shift toward more borrowed money and more short-term trading.

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Tim Cook wasn’t a ‘product guy’ — so he re-engineered Apple instead

Dismissed as “not a product guy,” the outgoing CEO proved that supply-chain mastery could take Apple to new heights.
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5 affordable cities to retire in the U.S. right now

You don’t have to leave the country to find an affordable place that matches your retirement vision.
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‘I feel shoehorned’: My father funded my $800,000 Roth IRA. Does that give him the right to say how I invest it?

“His argument is essentially that, since my parents provided the money for the Roth, they have a say in how I invest it.”
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Am I too old for Roth conversions? I’m 84 and my wife is 77. We have $8 million saved.

“We are reluctant to pay a financial adviser 2% of assets — roughly $160,000 per year.”
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Ether Options Market Shows Bias for Price Weakness Over Next 6 Months

Ether's price appears overvalued compared to Ethereum's dwindling revenues, one analyst said.   Ethereum's native token Ether (ETH) fell to a six-week low on Tuesday, with traders in the options…
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MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July

Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month. MakerDAO’s MKR was the leading gainer among the constituents of the Coindesk Market Index (CMI) in July, advancing 47%. The native…
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ApeMax and Dogecoin: Battle of the Meme Coins

  In the volatile world of cryptocurrency, meme coins have carved out their own niche. These internet-inspired coins, often humorously named and themed, have a unique appeal to a wide…
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Ripple (XRP) Price Prediction: Is It Time To Invest in XRP?

Recently, a judge in the United States made a ruling in favour of Ripple (XRP) and this news sent a ripple effect to the entire crypto market with XRP price…
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Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?

BTC slipped below $26,000 amid the crypto market mayhem. BTC’s fall below $26,000 is poised to be the worst weekly decline since the collapse of FTX. Absence of a decision…
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FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled. Newly filed court documents introduced last week (March 2) reveal what John J. Ray III, FTX’s current CEO, has called…
Source: CurrencyRate