Markets

Gautam Adani was the world’s third richest person at the end of 2022, but that has changed.Adani lost $60 billion after a scathing short-report from Hindenburg Research last month targeted his companies.These are the new top five wealthiest people after Adani fell to the world’s 21st richest person. Loading Something is loading. Thanks for signing… Continue reading Gautam Adani went from Asia’s richest man to losing $60 billion after a scathing short-seller report. Here are the new top 5 wealthiest people on earth.

ChatGPT has excited investors’ imagination on AI, according to Ark Invest’s Cathie Wood.  But Tesla and Exact Sciences are poised to become big winners from artificial intelligence, she said.  “We believe that the hidden gems that will benefit the most from artificial intelligence are those companies with proprietary datasets.” Loading Something is loading. Thanks for… Continue reading ChatGPT has captured investors’ imagination, but Tesla is among the ‘hidden gems’ of artificial intelligence, Cathie Wood says

MicroStrategy founder Michael Saylor says FTX’s downfall helped root out crypto’s bad actors.  Saylor called for more regulation in the space during an interview with CNBC last week. The bitcoin bull says crypto “needs clear guidelines from Congress” and “rules of the road from the SEC.” Loading Something is loading. Thanks for signing up! Access… Continue reading FTX’s meltdown was painful but necessary for the industry to grow up, bitcoin bull and Microstrategy CEO Michael Saylor says

Fed Chair Jerome Powell mentioned disinflation 15 times in a Q&A with reporters this week. The Fed raised interest rates by 25 basis points Wednesday, in its latest tightening move. Powell’s nod to slowing price increases has added to market speculation that rates may start falling this year. Loading Something is loading. Thanks for signing… Continue reading Jerome Powell mentioned ‘disinflation’ 15 times in his Fed Q&A this week. Here’s how that could guide markets.

Earnings are front and center for some of the largest US companies right now. Bank of America strategist Jill Carey Hall suggests investing in high-quality companies. She names a group of “Buy”-rated companies that look likely to report better-than-expected earnings. Earnings reports are driving some of the biggest moves on the stock market right now… Continue reading BANK OF AMERICA: Buy these 15 stocks that can give portfolios an extra boost when they beat earnings and sales expectations

The US stock market could face collapse by 2050, according to new research by a Finnish economist. That’s because US stock growth is unsustainable, and a crash is bound to happen in the coming decades.  The findings of the study mirror recent commentary from Wall Street legends, who are warning of an epic wipeout. Loading… Continue reading An economics researcher is warning that the next few decades could bring a massive stock market collapse

ChatGPT has lit up interest in artificial intelligence on the internet and among investors.  Insider’s Carla Mozée asked OpenAI’s buzzy chatbot how to get in on the AI craze.  Some mega-cap tech names like Google and ETFs were on its list of ideas.  Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Here’s how to invest in the AI craze, according to ChatGPT

Elon Musk, Michael Burry, and Jeremy Grantham foresee potential pain for stocks and the economy. “Black Swan” specialists Nassim Taleb and Mark Spitznagel also see a tough road ahead for investors. Rising interest rates are exerting pressure on US asset prices and the economy. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Elon Musk, Michael Burry, and Jeremy Grantham warn stocks may slump and the economy could suffer. Here are 5 experts’ warnings of what lies ahead.