AI technology could boost S&P 500 profits by 30% or more over the next decade, a Goldman strategist said. “The real source of optimism now is productivity enhancements through artificial intelligence,” Ben Snider said. Artificial-intelligence technology has boomed in 2023 thanks to the debut of large language tools. Loading Something is loading. Thanks for signing… Continue reading AI could boost S&P 500 profits by 30% or more over the next decade, Goldman Sachs’ strategist says
Big-name investors are going all-in on AI
George Glover Bill Ackman recently revealed a $1.1 billion stake in Google parent Alphabet. Richard Drew/AP Some of the best-known names in investing are betting big on artificial intelligence stocks. Bill Ackman recently revealed a $1 billion bet on Google parent Alphabet, while Stanley Druckenmiller pumped a combined $430 million into Microsoft and Nvidia. Tiger… Continue reading Big-name investors are going all-in on AI
Mohamed El-Erian says the discord between Fed signals and investors’ interest-rate expectations could ignite market turbulence
The persistent discord between the Fed’s policy signals and investors’ interest-rate expectations is unusual and unsettling, Mohamed El-Erian said. It could lead to a surge in market volatility or end up eroding the central bank’s credibility, the top economist said on Twitter. Money-market prices reflect expectations for lower borrowing costs by year-end, but the Fed… Continue reading Mohamed El-Erian says the discord between Fed signals and investors’ interest-rate expectations could ignite market turbulence
TikTok is a swamp of bad financial advice, and experts are fighting back
Kids are interested, but not educated The strong stock market of the past few years has led to a surge of young people interested in stocks and making fast profits. The GameStop fiasco in early 2021 is just one example of the stock-buying frenzies that have been triggered by “memestocks,” corporate shares that suddenly become… Continue reading TikTok is a swamp of bad financial advice, and experts are fighting back
During Market Volatility, Avoid These Common Investing Pitfalls
It’s no secret the stock market can be very unpredictable. However, by avoiding these common investing pitfalls, you can better protect your portfolio from market volatility. DO NOT take unnecessary risks.Risk tolerance and risk capacity are two ways to view risk. Your risk tolerance is dictated by what you’re comfortable with. Risk capacity, on the… Continue reading During Market Volatility, Avoid These Common Investing Pitfalls
How to Invest in ETFs for Beginners
A decade ago, younger investors would have to wait to accumulate sufficient capital to build an investment portfolio. Today, it’s much easier to learn on the fly between smartphone apps and low- or no-cost investment platforms without losing your shirt. One of the best and simplest ways to build a diversified portfolio is through using… Continue reading How to Invest in ETFs for Beginners
Stock Market Today: Markets Waver on Debt Default Jitters
Stocks wavered Tuesday as Washington resumed negotiations over raising the debt ceiling in order to avoid a historic default on U.S government borrowings. A disappointing quarterly earnings report from Dow stock Home Depot (HD (opens in new tab)), a mixed reading on retail sales and the disclosure of some big changes in Berkshire Hathaway’s (BRK.B… Continue reading Stock Market Today: Markets Waver on Debt Default Jitters
Mohamed El-Erian says the debt-cap deadlock threatens Americans’ economic well-being and the US’s international reputation
Mohamed El-Erian said the US debt-ceiling deadlock threatens more than Americans’ economic well-being. “It also risks undermining further the country’s international reputation for sound economic management,” he said in a tweet. Lawmakers have been sparring over the debt ceiling for months, despite the risk that the government could run out of money. Loading Something is… Continue reading Mohamed El-Erian says the debt-cap deadlock threatens Americans’ economic well-being and the US’s international reputation
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