In investment, the Sharpe Ratio is used to measure the performance of a strategy. But how do you know if your strategy is the best among many options? Enter the Intersection-Union Test. This test is like a competition where you compare the Sharpe Ratio of your benchmark strategy with others. The coo
Indonesia sees more small businesses every year, but Sharia banks aren't keeping up. They're financing fewer small businesses, even though total deposits are growing. This study looks into how much money comes from outsiders (third parties) affects how much Sharia banks lend to small businesses. It
Imagine you're walking through a park, but the path you take isn't just random—it's determined by a series of independent probabilities. This is the essence of a random walk in a Dirichlet environment. In this environment, the chances of moving from one spot to another are not fixed but are themselv
You might be surprised to hear that certain pesticides could raise your risk of getting prostate cancer. A team from Stanford University looked into this over many years, as prostate cancer takes a long time to develop. They found that 22 specific pesticides were linked to a higher chance of getting
Mariah Carey, the queen of holiday tunes, is celebrating 30 years of her classic hit "All I Want for Christmas is You" with a special collection on Amazon. This isn't just any holiday lineup; it's packed with items that any Carey fan would love. Think festive decor, cozy apparel, and even tour merch
The Syariah court tackles cryptocurrencies, like Bitcoin, by setting clear rules for trading and owning them. In one case, a wife sued her husband for Bitcoin he bought. The court said she didn't follow the rules, so she lost. In another case, a crypto exchange had to pay a user for losing his Bitco
Mariah the Scientist, the girlfriend of rapper Young Thug, has expressed gratitude after he was released from prison. "This is more than we could have hoped for, " she said. "We're so grateful. This is a huge opportunity for both of us. " Young Thug was granted parole for 15 years after accepting a
Imagine sinking into a cozy, private suite on your next flight. That's just what Cathay Pacific is offering with their revamped Boeing 777 business class, known as Aria Suites. After six years of work, including a pandemic pause, these suites are finally taking flight. By the end of 2027, all 30 pla
The flow of aid into Gaza has hit an all-time low since the recent conflict began, according to UN data. Only 836 aid trucks have managed to enter the strip this month. Before the war, around 500 trucks filled with aid and trade goods would enter daily. Israel's COGAT agency reports that while dozen
Have you ever thought about what it would be like if reality stars stepped into the fiction world? Well, ABC's crime drama Will Trent is making this happen in season 3! Remember Ariana Madix from Vanderpump Rules and Love Island USA? She's joining the show as herself in a guest star role, shaking th
