Artificial intelligence has become the new “shiny thing” that attracts investors’ attention. The eruption began last November when OpenAI’s ChatGPT appeared, showing in the clearest way possible how artificial intelligence can change the ways computers use the data it collects and the ways we interact with it. The sudden interest in artificial intelligence has had … Read more
Federal Reserve Governor Jerome Powell delivers remarks during a conference at the Brookings Institution in Washington.Reuters/Carlos Barrea Stocks could be exposed to more Fed-induced turmoil, according to DataTrek Research. This is partly because the Fed is unlikely to stop the quantitative tightening regime. The Fed has slashed its balance sheet significantly over the past year, … Read more
Bitcoin fell Thursday night after news broke that Elon Musk’s SpaceX had sold all of its cryptocurrency holdings. X Bitcoin related stocks Coinbase (currency), Digital Marathon (Mara) And Riot pads (riot) also blinked. SpaceX docs were shown by The Wall Street Journal It showed that the private space company sold all of its bitcoins, after … Read more
(Bloomberg) — Applied Materials Inc., the largest U.S. maker of chip making machinery, offered a bullish forecast for the current quarter, suggesting the industry’s downturn may be fading. Most Read from Bloomberg The company said in a statement on Thursday that fiscal fourth-quarter sales will be approximately $6.51 billion. That compares to the average analyst … Read more
(Bloomberg) — China’s Evergrande Group filed for Chapter 15 bankruptcy protection in New York on Thursday, in a move that shields its US assets from creditors while it works on a restructuring deal elsewhere. Most Read from Bloomberg The China Homebuilder’s Chapter 15 petition cites restructuring actions being carried out in Hong Kong and the … Read more
Financial advisor and columnist Matt Baker I am selling my house and the price is $504,999. After this house is paid off, I will have $400,000. Do I have to pay capital gains tax because I plan to pay off my retirement home with the money I raised? – Thomas The answer is solidly “it … Read more
On Thursday, US stocks closed sharply lower for the third consecutive session as the August gloom continued on Wall Street. The leading Dow Jones Industrial Average (^DJI) is down about 0.8%, while the S&P 500 (^GSPC) is down about the same amount. The technology-heavy Nasdaq Composite (^IXIC) lost more than 1% for the third day … Read more
Written by Ben Kleiman (Reuters) – Vietnamese electric car maker VinFast, which made a huge splash this week when its shares debuted on the Nasdaq stock exchange, has sparked a mixture of caution and interest among traders with a recent change in how its vehicles are distributed in the U.S. market. . The automaker, which … Read more
Ask an Advisor: I’m 61 and have $900K in my 401(k) account and $800K “sitting in a money market account”. How do I invest? I have $800,000 in a money market account because I don’t know what to do with it. I was hoping I could put it into something that could generate 4-5% growth. … Read more
Empty nester not saving enough for retirement Saving for retirement It is a lifetime pledge. It involves taking into account your retirement goals as you have kids, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College shows that many parents may not … Read more