New York mayor, ‘C-list rapper’ who went by Mr Cardamon and Young Cardamon, collected $1,643 in royalties last year The New York mayor Zohran Mamdani is still making money from his short-lived career as a multilingual rapper, tax filings show. But the 34-year-old Democrat’s meteoric rise as a celebrity politician has brought only a modest increase in hip-hop profits: he took home $1,643 in music r...
New York mayor, ‘C-list rapper’ who went by Mr Cardamon and Young Cardamon, collected $1,643 in royalties last year The New York mayor Zohran Mamdani is still making money from his short-lived career as a multilingual rapper, tax filings show. But the 34-year-old Democrat’s meteoric rise as a celebrity politician has brought only a modest increase in hip-hop profits: he took home $1,643 in music royalties last year, up only slightly from $1,267 in 2024, according to the filings. Continue reading...
As the war on Iran continues to command global attention, North Korean leader Kim Jong-un has stepped up his appearances at military events, using drills and missile tests to project confidence at home and defiance abroad. His heightened visibility suggests that Kim feels more secure in his country’s nuclear deterrence as Washington’s focus is pulled in several directions, analysts say. Kim has ca...
As the war on Iran continues to command global attention, North Korean leader Kim Jong-un has stepped up his appearances at military events, using drills and missile tests to project confidence at home and defiance abroad. His heightened visibility suggests that Kim feels more secure in his country’s nuclear deterrence as Washington’s focus is pulled in several directions, analysts say. Kim has cast himself as increasingly assertive and is distancing himself from the symbolic rituals observed by...
Deutsche Bank AG and Wells Fargo & Co. are among banks declaring the dollar’s war-driven haven rally is likely over as the fragile ceasefire between the US and Iran prompts investors to seek riskier assets. The banks are arguing it’s time to embrace bets against the greenback, and global investors seem to be doing just that. They’ve boosted dollar hedging ratios to a two-year high, according to St...
Deutsche Bank AG and Wells Fargo & Co. are among banks declaring the dollar’s war-driven haven rally is likely over as the fragile ceasefire between the US and Iran prompts investors to seek riskier assets. The banks are arguing it’s time to embrace bets against the greenback, and global investors seem to be doing just that. They’ve boosted dollar hedging ratios to a two-year high, according to State Street Corp. In the options market, meanwhile, confidence in the dollar has faded, with positioning the least bullish in weeks. The Bloomberg Dollar Spot Index surged in March as the war roiled global markets, drawing investors to the world’s primary reserve currency, traditionally seen as an oasis during times of crisis. The greenback has surrendered most of that advance over the past week, and is almost back where it was before the fighting erupted at the end of February. The upshot is that with the haven aura fading, investors are once again focusing on the headwinds that drove the dollar down 8% last year — its worst performance since 2017 — including the prospect of Federal Reserve interest-rate cuts. “There is clear rotation out of safe havens like the dollar back into risky assets,” Kathleen Brooks , research director at broker XTB in London, wrote in an email. “If the US-Iran conflict does come to a resolution soon, I see a longer period of weakness for the dollar ahead.” The Bloomberg dollar gauge is down about 1.4% since the US and Iran agreed to a truce on April 7. Risk-sensitive currencies, led by those from Scandinavia, New Zealand and Australia, are up roughly 3% versus the greenback in that period, while the S&P 500 Index has recovered to set new record highs this week. Pakistan is trying to mediate an extension to the truce beyond its official expiry date next week, but the situation remains fraught. The fragility of the truce underscores the peril of getting bearish on the dollar too quickly, especially if a breakdown in talks sparks a fresh rally in oi...
The arrival of artificial intelligence (AI) supercharged technology stocks in recent years, but the situation changed in 2026. Wall Street's "great rotation" away from tech stocks caused a sharp drop in the share prices of cybersecurity companies. Now, investors have an opportunity to scoop up stocks in the sector at attractive valuations. Buying the dip makes sense because cybersecurity is a nece...
The arrival of artificial intelligence (AI) supercharged technology stocks in recent years, but the situation changed in 2026. Wall Street's "great rotation" away from tech stocks caused a sharp drop in the share prices of cybersecurity companies. Now, investors have an opportunity to scoop up stocks in the sector at attractive valuations. Buying the dip makes sense because cybersecurity is a necessity to safely navigate online. That's why the industry is forecast to grow from $248 billion in 2026 to $699 billion by 2034. In fact, Palo Alto Networks (NASDAQ: PANW) CEO Nikesh Arora took advantage of the situation to buy company shares worth about $10 million in March. This was his first buy since 2019. Here's a look at this situation and why it makes sense to buy cybersecurity stocks now. Continue reading
Hive Digital Technologies (NASDAQ: HIVE) , one of several cryptocurrency miners pushing deeper into data center operations, had a forgettable Thursday on the stock exchange. After the company announced a new round of financing, investors sold out of its shares, leaving them with a nearly 12% loss that trading session. After market close on Wednesday, Hive announced that one of its wholly owned sub...
Hive Digital Technologies (NASDAQ: HIVE) , one of several cryptocurrency miners pushing deeper into data center operations, had a forgettable Thursday on the stock exchange. After the company announced a new round of financing, investors sold out of its shares, leaving them with a nearly 12% loss that trading session. After market close on Wednesday, Hive announced that one of its wholly owned subsidiaries plans to issue $75 million in exchangeable senior notes in a private offering. The company added that the target investors are institutional buyers. Image source: Getty Images. Continue reading