Home Depot recently announced its third-quarter earnings, showing a solid 6% increase in sales compared to last year. This boost was due to the acquisition of a new business and higher demand for home improvement supplies spurred by better weather and hurricane-related repairs. The company even rais
Tencent Music Entertainment, the biggest digital music company in China, saw its revenue grow by nearly 7% in the third quarter of 2023. This growth was largely thanks to its streaming services, which managed to increase the number of paying subscribers and the average revenue per subscriber. The co
Have you ever wondered how well stock prices and trading volume can be analyzed together? Scientists have come up with a tweaked version of an existing model, called the Barndorff-Nielsen and Shephard stochastic volatility model. Instead of trying to figure out instantaneous variance, which is hard
Binance, one of the world's largest cryptocurrency exchanges, and its former CEO, Changpeng Zhao (CZ), are being sued by FTX for a staggering $1. 8 billion. This legal battle comes after FTX filed a lawsuit claiming that Binance and CZ played a significant role in FTX's collapse last year. The lawsu
Deep learning has made waves in various fields by handling complex data with ease. One such area is financial time-series prediction, specifically predicting stock price volatility. This involves forecasting if the prices will go up, down, or stay stable. Researchers have been digging into this for
Let's talk about a new way to figure out if a business idea is worth the money. This method brings together two important perspectives: the business model and the processes that make it happen. First, we use a tool called the Service-Dominant Business Model Radar. This tool helps us break down a bu
Ever wondered if your investment strategy is truly the best among many options? A clever test, called the intersection-union test, helps answer this question. This test compares the Sharpe ratio of your chosen investment strategy with others. Unlike other tests, it considers the fact that investment
Ever wondered how British investments fared in Argentina and Uruguay from the late 1800s to the mid-1900s? The River Plate Trust Group, also known as Morris or Morrison, was a big player in this story. They controlled lots of public utilities and financial firms. Many people thought British investme
Sony Pictures Entertainment had a tough Q2, with profits dipping to $124 million. This is a slide of 39% from the same period last year. Adjusted operating income was also down, coming in at $218 million, a decrease of 26%. Revenue took a 14% hit, landing at $2. 385 billion. Why the drop? Fewer T
Nobel laureate Paul Krugman was not a fan of cryptocurrencies back in 2019. He saw their future as dim. But even he couldn't deny that cryptocurrencies are big players today. They've changed how we think about money and finance. Governments are watching closely, trying to keep up with these digital
