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![A mum who felt \ A mum who felt \](https://cdn5.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFHD_ZQSwEl16DJcaZTAdLF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_92.jpg)
⏲ 3:8 👁 7.4M
![Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \ Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \](https://cdn1.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFJDlnGSwFSILHKMhDKSDqv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.jpg)
⏲ 1:30 👁 1.3M
![Cathie Wood's ARK Invest has been buying shares of Recursion Pharmaceuticals, a biotech company using AI to speed up drug discovery. It is now the third-largest holding in her ARK Genomic Revolution ETF. Recursion has developed an AI-powered operating system that conducts up to 2.2 million weekly experiments to test drug candidates in an automated laboratory, advancing only the most promising compounds to clinical trials. Using AI this way could allow Recursion to launch drugs faster than competitors and license its OS to other companies, building a network effect that improves its algorithm over time. Cathie Wood's ARK Invest has been buying shares of Recursion Pharmaceuticals, a biotech company using AI to speed up drug discovery. It is now the third-largest holding in her ARK Genomic Revolution ETF. Recursion has developed an AI-powered operating system that conducts up to 2.2 million weekly experiments to test drug candidates in an automated laboratory, advancing only the most promising compounds to clinical trials. Using AI this way could allow Recursion to launch drugs faster than competitors and license its OS to other companies, building a network effect that improves its algorithm over time.](https://cdn10.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFGWkBQSwE_-kpmuIZQRjnv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_cathie-wood39s-ark-invest39s-third-largest-holding-is-this-little-known-biotech-company-harnessing-ai-for-drug-treatment.jpg)
⏲ 0:40 👁 710K
![Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations. Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations.](https://cdn2.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFxcTrGSwFUciGz9nBS9REv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_hsbc-shares-drop-3-in-hong-kong-amid-reports-of-ping-an-insurance-considering-stake-reduction.jpg)
⏲ 0:39 👁 315K
![The popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users could not access Coinbase and received a \ The popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users could not access Coinbase and received a \](https://cdn6.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFHkAomSwE3yQAJgLGHWXZF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_coinbase-faces-major-outage-as-users-locked-out-as-cryptocurrency-exchange-goes-offline.jpg)
⏲ 0:34 👁 225K
![Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday. GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary. Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday. GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary.](https://cdn6.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFxcTqmSwFUt-MIWaqISvGP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_gamestop-and-amc-shares-plummet-over-15-amidst-return-of-influential-reddit-trader.jpg)
⏲ 0:35 👁 315K
![WATCH: Zane Herrera from the Lighthouse community kitchen shares a memory of Raymond McCormack at his vigil. WATCH: Zane Herrera from the Lighthouse community kitchen shares a memory of Raymond McCormack at his vigil.](https://cdn2.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFJ9lAwSwFSIXGTMHFHIDLF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_vigil-for-raymond-mccormack-124-may-16-2024-124-illawarra-mercury.jpg)
⏲ 0:47 👁 9.3M
![A man bought a $410 abandoned storage unit at auction - and found it contained $70,000 worth of designer clothes.<br/><br/>Wade Venture, 37, snapped up the storage unit at auction with little idea what it contained.<br/><br/>The treasure trove contained over 400 pairs of footwear - including brands such as Gucci and Coach.<br/><br/>Along with that, the content creator from Portland, Oregon, found $8,000 worth of fur coats and other items still with the tags on.<br/><br/>Wade, who shares his finds online @wadesventures, estimated the haul was worth around $70,000 in total. A man bought a $410 abandoned storage unit at auction - and found it contained $70,000 worth of designer clothes.<br/><br/>Wade Venture, 37, snapped up the storage unit at auction with little idea what it contained.<br/><br/>The treasure trove contained over 400 pairs of footwear - including brands such as Gucci and Coach.<br/><br/>Along with that, the content creator from Portland, Oregon, found $8,000 worth of fur coats and other items still with the tags on.<br/><br/>Wade, who shares his finds online @wadesventures, estimated the haul was worth around $70,000 in total.](https://cdn8.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFGtkZwSwE3OyM_MQoQIJHv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_i-bought-a-36410-mystery-storage-unit-it-contained-3670k-of-designer-clothes.jpg)
⏲ 1:1 👁 14.9M
![Warren Buffett, the chairman of Berkshire Hathaway (BRK.A), is the most successful investor of our time. His daughter, Susan, worked as my assistant when I was the publisher of a magazine 40 years ago. Just before she got married, Susie told me she worried that her fiancé’s parents had bought a couple of shares of Berkshire stock — and what if it tanked? At the time, the price was about $1,000 a share. Today, it’s $507,000 a share. I hope the in-laws hung on. Warren Buffett, the chairman of Berkshire Hathaway (BRK.A), is the most successful investor of our time. His daughter, Susan, worked as my assistant when I was the publisher of a magazine 40 years ago. Just before she got married, Susie told me she worried that her fiancé’s parents had bought a couple of shares of Berkshire stock — and what if it tanked? At the time, the price was about $1,000 a share. Today, it’s $507,000 a share. I hope the in-laws hung on.](https://cdn3.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFx1aMGSwFUcvD3qXnQyJpv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_american-businessman-warren-buffett39s-advice-on-investments.jpg)
⏲ 1:15 👁 290K
![A TV Travel expert shares the industry secrets he uses to save money on cheap hotel deals without compromising quality. A TV Travel expert shares the industry secrets he uses to save money on cheap hotel deals without compromising quality.](https://cdn8.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFzWeEGSwFHq3MmWBpHWgZl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_how-to-find-cheap-hotel-deals.jpg)
⏲ 1:33 👁 210K
![Harshaali Malhotra, renowned for her role alongside Salman Khan in ‘Bajrangi Bhaijaan,’ recently showcased her talent in a video featuring the track from Sanjay Leela Bhansali's ‘Heeramandi.’ Fans were thoroughly impressed by her captivating expressions in the video.<br/><br/>#BajrangiBhaijaan #HarshaaliMalhotra #heeramandi #Alamzeb #fans #viralvideo #fansreact #harshaali #sanjayleelabhansali #trending #bollywood #entertainment Harshaali Malhotra, renowned for her role alongside Salman Khan in ‘Bajrangi Bhaijaan,’ recently showcased her talent in a video featuring the track from Sanjay Leela Bhansali's ‘Heeramandi.’ Fans were thoroughly impressed by her captivating expressions in the video.<br/><br/>#BajrangiBhaijaan #HarshaaliMalhotra #heeramandi #Alamzeb #fans #viralvideo #fansreact #harshaali #sanjayleelabhansali #trending #bollywood #entertainment](https://cdn5.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFUELImSwE1MZJRf-JzqeEF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_viral-video-harshaali-malhotra-shares-heeramandi-inspired-video.jpg)
⏲ 1:56 👁 24.8M
![Reddit signed a data-sharing deal with OpenAI that provides the AI company access to Reddit's API, allowing OpenAI tools to understand Reddit content better. In exchange, OpenAI will provide Reddit with new AI-powered features and tools to strengthen user engagement and become an advertising partner for Reddit. OpenAI and other AI firms face increasing legal issues over data collection methods used to train models. Reddit shares jumped 11% in after-hours trading following the announcement. Reddit signed a data-sharing deal with OpenAI that provides the AI company access to Reddit's API, allowing OpenAI tools to understand Reddit content better. In exchange, OpenAI will provide Reddit with new AI-powered features and tools to strengthen user engagement and become an advertising partner for Reddit. OpenAI and other AI firms face increasing legal issues over data collection methods used to train models. Reddit shares jumped 11% in after-hours trading following the announcement.](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFxcTYGSwFUt5ImHkDaSAMP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_reddit-shares-soar-11-after-announcing-partnership-with-openai.jpg)
⏲ 0:33 👁 280K
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