Billionaire investor Ray Dalio said he has a little bitcoin but prefers gold. On a recent podcast, he said bitcoin is volatile and has a smaller valuation than mega-cap stocks like Microsoft. “I don’t understand why people are more inclined to go to bitcoin than gold.” Loading Something is loading. Thanks for signing up! Access… Continue reading Ray Dalio says he has a little bitcoin but prefers gold, calling it ‘timeless and universal’
JPMorgan debuts AI model used to decipher Fed speeches for potential trading signals
JPMorgan unveiled a new AI tool that can potentially uncover trading signals. The model does this by assessing 25 years worth of Federal Reserve speeches. The tool can also be used in predicting changes in monetary policy as well. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading JPMorgan debuts AI model used to decipher Fed speeches for potential trading signals
Russia is using its ‘dark fleet’ of ships to skirt oil sanctions, raising the risk of tanker collisions, insurance firms say
Russia is using a “dark fleet” of ships to transport its oil, but that’s raising the risk of ship collisions, insurance firms say. Russia began assembling the tankers last year to skirt Western sanctions on its oil exports. But other tankers could easily collide with shadow ships. Loading Something is loading. Thanks for signing up!… Continue reading Russia is using its ‘dark fleet’ of ships to skirt oil sanctions, raising the risk of tanker collisions, insurance firms say
Meta stock is a ‘top pick’ and could soar 20% as the social media giant leans into the AI hype, analysts say
Meta is now a “top pick” among internet stocks as the company leans into the AI hype, analysts say. Shares of Meta jumped 14% on Thursday, with the stock now up 92% from the beginning of the year. The company reported better-than-expected quarterly earnings, reversing the past three quarters of revenue decline. Loading Something is… Continue reading Meta stock is a ‘top pick’ and could soar 20% as the social media giant leans into the AI hype, analysts say
Stock Market Today: Nasdaq Outperforms on Microsoft Earnings
It was a mixed session for stocks Wednesday as investors mulled over the latest round of corporate earnings. Tech stocks handily outperformed thanks to solid earnings reports from blue chip stocks Alphabet (GOOGL (opens in new tab)) and Microsoft (MSFT (opens in new tab)), though a hurdle in the latter’s merger plans with Activision Blizzard… Continue reading Stock Market Today: Nasdaq Outperforms on Microsoft Earnings
Bitcoin Mining: How Does it Work and Is It Worth It?
Bitcoin has been one of the hottest topics of conversation in the world of investing over recent years with many desperate to understand what it is all about and whether you can make money from Bitcoin. However, it’s not just about investing in the cryptocurrency – there’s also the option of mining Bitcoin. Money.com (opens… Continue reading Bitcoin Mining: How Does it Work and Is It Worth It?
US stocks trade mixed as investors weigh solid earnings against continued bank stress
Matthew Fox Traders look on after trading was halted on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020 Lucas Jackson/Reuters US stocks were mixed on Wednesday after strong earnings from Microsoft boosted tech shares.Microsoft surged 7% after it reported solid growth in its cloud division and talked… Continue reading US stocks trade mixed as investors weigh solid earnings against continued bank stress
First Republic Bank turmoil pushes stock to plunge 95% this year as the lender seeks another lifeline from big US banks
First Republic shares extended this week’s losses, driving the stock down 95% so far in 2023. The bank centered on wealthy clients was set to ask its larger rivals for more financial aid. First Republic’s market cap fell below $1 billion for the first time during the session. Loading Something is loading. Thanks for signing… Continue reading First Republic Bank turmoil pushes stock to plunge 95% this year as the lender seeks another lifeline from big US banks
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