Nvidia set the market alight last quarter. Can it repeat the trick?
Artificial intelligence darling Nvidia's upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.
2023-08-23 19:59
BRICS leaders to debate expanding membership at summit
BRICS leaders on Wednesday will debate admitting new members to their five-nation bloc as it pursues a bigger role in shaping world affairs it sees...
2023-08-23 19:24
Fyre Festival guy has launched a new festival and tickets sold out in minutes
Fyre Festival founder Billy McFarland has announced that the first round of tickets for Fyre Festival II has sold out. Described by McFarland as the “adventure of a lifetime”, Fyre Festival II is an attempt to shift the narrative around McFarland and the original 2017 Fyre Festival that was riddled with scandals and resulted in McFarland spending four years in federal prison for wire fraud. McFarland took to social media to talk about Fyre Festival II after it was announced the first round of tickets sold out: “The first FYRE Festival II drop has sold out. Since 2016 FYRE has been the most talked about festival in the world. We now saw this convert to one of the highest priced GA pre-sales in the industry. FYRE is about people from around the world coming together to pull off the impossible. “This time we have incredible support. I’ll be doing what I love while working with the best logistical and infrastructure partners. In addition, all ticket sale revenue will be held in escrow until the final date is announced. We look forward to surprising the world alongside our partners as we build FYRE and FYRE Festival II into the island adventure of a lifetime,” he added. The initial tickets for Fyre Festival II went on sale for $499 (£390), with later releases set to cost up to $7,999 (£6,250). The original festival was promoted by multiple popular celebrities including Kendall Jenner, Bella Hadid, and Hailey Bieber. Fyre Festival was promised to contain an array of musical performances, as well as other attractions. It was to be hosted on an island in the Bahamas that was claimed to have been previously owned by Pablo Escobar. Despite the hype surrounding the festival, it ultimately resulted in a disaster. So much so that both Netflix and Hulu released shows documenting the festival and how it concluded with McFarland in jail. In 2018, McFarland pleaded guilty to two counts of wire fraud and admitted to lying to investors that funded the first Fyre Festival. He was released from prison early in March 2022, and required to return $26 million to investors of the event. Speaking in a YouTube video uploaded on Monday, McFarland spoke about Fyre Festivall II: “It has been the absolutely wildest journey to get here and it really all started during the seven-month stint in solitary confinement. I wrote out this 50-page plan of how it would take this overall interest and demand in Fyre and how it would take this overall interest and demand in Fyre and how it would take my ability to bring people from around the world together to make the impossible happen.” He added: “we decided that Fyre Festival is coming back to the Caribbean. We are targeting Fyre Festival II for the end of next year.” Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-23 19:19
US SEC readies vote on regulatory overhaul for private funds
NEW YORK The U.S. Securities and Exchange Commission is expected on Wednesday to finalize rules overhauling private fund
2023-08-23 18:15
China, Russia and other emerging economies turn to main summit agenda in South Africa
Leaders of some of the developing world’s most important economies are turning to the main business of their summit in South Africa after a speech by Russian President Vladimir Putin gave the gathering an anti-Western tinge
2023-08-23 17:50
Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?
A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth
2023-08-23 17:20
DeSantis Faces Make-or-Break Moment at First GOP Debate
Ron DeSantis has a golden opportunity to revive his presidential bid at tonight’s Republican debate. But he’ll need
2023-08-23 16:56
Column-A US-China detente to avoid 'fiscally assured destruction?': Mike Dolan
By Mike Dolan LONDON The United States and China may feel some financial detente is wise at this
2023-08-23 16:48
Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earnings
Asian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week
2023-08-23 15:20
Investors Say They’ll Stick With Gold as Fed Cycle Nears End
Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect
2023-08-23 14:45
Singapore Core Inflation Rate Drops Further to 3.8% in July
Singapore’s core inflation eased last month as forecast, allowing central bankers room to keep monetary policy steady to
2023-08-23 14:22
Four years into crisis, Lebanon's leaders hope tourism boom will help bypass reforms in IMF bailout
Lebanon's political elites are pushing a recovery plan for the country's financial collapse that would allow them to sidestep tough reforms demanded by the International Monetary Fund
2023-08-23 13:57