Czechs Set to Hold Rates With End of Easing Seen: Decision Guide
The Czech National Bank will keep the benchmark at 3.5% on Thursday, according to all analysts in a Bloomberg survey. That decision would break the stop-and-go pattern of easing which saw rate cuts in February and May.
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Yahoo
an hour ago
- Yahoo
Sui Jumps 4% as Swiss Banks Expand Regulated Access for Institutional Clients
Sui's (SUI) price rose 4% in the past 24 hours to $3.82 as Swiss digital asset bank Sygnum expanded its offerings to include custody, trading and lending products tied to the blockchain for its institutional clients. The move means regulated investors in Switzerland can now hold, trade and borrow against SUI through Sygnum's platform, broadening access to the layer-1 blockchain's ecosystem. The bank's services are aimed at professional and institutional investors seeking exposure under Swiss financial regulations. Earlier this week, another Swiss institution, Amina Bank, said it had started offering both trading and custodial services for SUI. Amina described the step as making it the first regulated bank globally to support the blockchain's native asset. The announcements appear to have spurred market activity. CoinDesk Analytics data shows trading volume spiked to 36.45 million tokens over midnight, more than double the 14.31 million daily average, as buyers stepped in to defend a support zone between $3.72 and $3.74. That level has held since mid-July, suggesting short-term traders see it as a key price floor. SUI's daily gains track closely with the broader crypto market, as measured by the CoinDesk 20 Index (CD20), which climbed 4.5% in the past day. The token's monthly performance is also positive, up 7% over the past 30 days, but significantly lower than the broader market, with the CD20 up 24%. For institutional clients, the expansion of regulated access to newer blockchain projects like Sui represents more than just another trading option. It signals growing comfort among banks with integrating blockchain networks beyond the largest, most established assets. In practice, this could mean asset managers, corporate treasuries and high-net-worth clients have more ways to diversify holdings without leaving regulated frameworks. Sui, developed by Mysten Labs, aims to offer high-speed, low-cost transactions using a novel data structure called 'objects' to improve scalability. Wider access through banks like Sygnum and Amina could help it compete for developer attention and real-world applications. If demand for bank-mediated blockchain exposure continues to grow, Sui may find itself in a stronger position to attract not only speculative traders but also enterprise adoption. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Motor 1
an hour ago
- Motor 1
‘I'll Keep My 4Runner:' Expert Says Millionaires Don't Buy Cars. Here's Why—And What They Do Instead
A property investment enthusiast claims that millionaires exclusively lease cars because they're depreciating assets. Abi Hookway ( @abihookwayproperty ) claims that if you're buying a car, you're missing out on building wealth via assets. She breaks down her logic in a viral TikTok that's accrued over 6.8 million views. The clip begins with her standing in front of a parking lot with myriad vehicles before launching into a monologue urging folks to always lease their rides. Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . 'Rich people do not buy cars. This is my staff car park. And I guarantee 90% of the cars in this car park are owned,' she says at the top of her clip. Hookway continues, 'They've been bought with money or loans and they're owned. Millionaires don't do that. Millionaires lease cars. So what millionaires do is they go and they buy assets. Assets that give them passive income.' Lease Cars With Your Investment Capital According to her, appreciating assets will offset the cost of a new car lease. 'And with the passive income they use it to lease a brand new nice car,' she says. 'Why are they leasing instead of buying? Because a car is a depreciating asset—it goes down in value. So why would they invest in something going down in value?' Following this, she explains what the uber-wealthy do for their transportation needs. 'What they do instead is they invest in things going up in value that give them a passive income and lease the car,' Hookway says. 'Say it with me: We lease liabilities, we buy assets.' 'Now rich people won't tell you this stuff because they keep it hidden. But I will,' she says at the end of her video. Never Buy a New Car Trending Now 'Worst Feature Ever:' Houston Woman Buys F-150. Then She Tries to Return it 30 Minutes Later After Discovering Annoying Feature 'I Got Home Around 7pm:' Woman Gets Her Truck Towed. Then She Claims the Tow Truck Company Stole Her Car Outright Other financial analysts do seem to echo some of the points made in Hookway's social media post. CNBC reports that self-made millionaire David Bach said that purchasing a brand new vehicle 'is the single worst financial decision millennials will ever make.' This same logic is echoed by GoBankingRates in a separate article from 2024. The piece touches on the same fundamental downside of car purchasing: depreciation. However, the level of depreciation depends somewhat on how new the car is. For instance, if you buy a car right when it comes out, it can lose as much as 20% of its value within the first 12 months of purchase. And depending on the make and model of the vehicle one buys, depreciation rates can hit as high as 60% after just five years. Bach recommends that those shopping for a new car should consider looking for used models between 3-5 years old. Often, these models will still have some of their original manufacturer's warranty. It's also true that recalls may have already been issued for a vehicle that's been around for a few years. More importantly, however, is that in buying a lightly used car, drivers can bypass eating the cost of its heftiest depreciation years. Lease or Buy? Some financial experts swear by the ' one-percent rule ' when it comes to leasing a vehicle. Basically, this car leasing strategy works as follows: Take the monthly payment then divide it by the total cost of the vehicle, including applicable taxes. If the monthly lease payment is equal to or close to 1% or less of the total cost, it's considered a great lease deal. But there are other factors to consider with leasing a vehicle. First: Mileage. Many leases come with a standard 12,000-mile per year limit, with more miles incurring greater costs. Road warriors may need additional breathing room on their odometers, so this option could end up costing them more money down the road. Moreover, if one purchases a lightly used car from a manufacturer renowned for its reliability, then that could ultimately be a more cost-effective solution. However, others may want to consistently have the newest vehicles with the latest features, so they may prefer a lease. Motor1 has reached out to Hookway via email for further comment. We'll update this if she responds. More From Motor1 duPont Registry Launches New Car Leasing Platform for Luxury & Exotic Vehicles Tesla Prevented Lease Buy Outs to Sell Used Cars at a Profit Dodge Is Already Pushing Cheap Charger Lease Deals The $0-a-Month Fiat 500e Lease Deal Is Real, But There's a Catch Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
an hour ago
- Yahoo
Why MP Materials Stock Popped Friday
Key Points MP Materials lost less money than expected last quarter, and collected more revenue than expected. Sales surged 84% year over year, but MP is still losing money and burning cash. The government has offered MP financial support in the form of a $400 million investment. 10 stocks we like better than MP Materials › Shares of MP Materials (NYSE: MP), America's biggest pure play on mining rare earths, soared nearly 12% in early trading Friday after beating earnings (sort of) last night. It's since given back much of its gains, but as of 2:25 p.m. ET is still up 4.1%. Analysts forecast MP would lose $0.20 per share on second-quarter sales of $45.6 million. In fact, the company lost only $0.13 per share (hence "beating" earnings), and reported $57.4 million in sales. MP Materials' Q2 earnings Sales surged 84% year over year, with rare-earth oxide production up 45% and NdPr production more than doubling. MP is still selling off most of the rare earths it mines -- 74%. But the company's keeping more for itself, and used it to create and sell $19.9 million worth of magnets. One unhappy note worth highlighting: MP lost only $0.13 after backing out one-time costs. With costs included, the company's loss as calculated according to generally accepted accounting principles (GAAP) was much closer to analysts' forecast: $0.19 per share. Still, this was less than MP lost in last year's Q2. Is MP stock a buy? MP Materials stock skyrocketed in July after the Department of Defense invested $400 million in company stock in order to boost the magnets business and secure U.S. supply chain access to these invaluable components. Investors seemed to think that if the government was investing in MP stock, then it must be a sure thing. I'm not so sure about that. MP has lost $53.5 million so far this year, and burned through more than $126 million in cash. Even with sales surging, I'm going to want to see the company prove it can generate consistent, solid profits before buying into MP. Should you buy stock in MP Materials right now? Before you buy stock in MP Materials, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and MP Materials wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,563!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,108,033!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends MP Materials. The Motley Fool has a disclosure policy. Why MP Materials Stock Popped Friday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
