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AI-Driven Biotech Stocks Surge Amid Mergers and Acquisitions Frenzy

Biotech

The biotechnology sector is experiencing a remarkable resurgence, marked by a significant uptick in investor interest and activity. After enduring a challenging period characterized by market volatility and reduced investor confidence, biotech stocks are once again in the spotlight, driven by promising advancements in artificial intelligence (AI) and a resurgence in mergers and acquisitions (M&A) […]

AI Stocks and TSMC Rally in Taiwan Amidst Global Market Uncertainty

AI Stocks

Despite heavy losses in the U.S. markets overnight, Taiwan’s stock market rebounded as investors rallied behind contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) and select companies involved in artificial intelligence (AI) development. The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), defied initial losses to close slightly higher, demonstrating resilience amidst global market […]

AI Potential Doubts Cast Shadow on Arm’s Stock Performance

AI Potential

Arm Holdings Plc, the nascent player on the Nasdaq exchange, witnessed a substantial decline in its stock value on Monday, prompted by a less-than-optimistic assessment from financial analysis firm Bernstein. In an initial coverage report, Bernstein assigned an underperform rating to Arm, hinting at potential overestimations surrounding the company’s significance in the realm of artificial […]

How Do AI Growth Stocks Dominate Berkshire Hathaway’s Holdings? Warren Buffett’s Bold Stance

AI Growth Stocks

In a surprising twist, renowned value investor Warren Buffett has unveiled a significant strategic move within Berkshire Hathaway’s massive $353 billion stock portfolio. The Oracle of Omaha, widely known for his traditional investment principles, has placed a substantial bet on the future of artificial intelligence (AI) growth stocks. A staggering 46.1% of Berkshire Hathaway’s holdings […]

How Much Value Can Dojo AI Supercomputer Add to Tesla’s Stock?

AI Supercomputer

In a groundbreaking development, Morgan Stanley analysts, led by Adam Jonas, have unveiled a remarkable prediction regarding Tesla’s Dojo supercomputer. According to their analysis, the AI supercomputer could propel Tesla’s market value to unprecedented heights, potentially adding a staggering $777 billion to the company’s worth. This transformative projection underscores Dojo’s pivotal role in accelerating the […]

U.S. debt ceiling suspension spurs upward trend in global market

stock market

The agreement to suspend the U.S. government’s debt ceiling has sent ripples across the global market. Asian shares and U.S. stock futures saw a positive jolt on Monday in light of the deal struck between U.S. President Joe Biden and House Speaker Kevin McCarthy over the weekend. The crucial agreement ends a lengthy deadlock and […]

Decoding J.P. Morgan’s 2023 crypto outlook

J.P. Morgan

What began as a prosperous year for world markets concluded in a bear market. The Russo-Ukrainian War, record-high inflation, and rising global interest rates wreaked havoc on financial portfolios in 2022. In 2023, J.P. Morgan market strategists foresee developed economies entering a modest recession. As we examine the markets for 2023, the most crucial question […]

End of stock tokens: A popular feature comes to an end on Binance

end to stock tokens

TL;DR Breakdown Binance has declared that it will put an end to stock tokens immediately. The reason is still not clear, and it seems that the exchange won’t hold them anymore. According to Binance, by October 14th this year, at precisely 7:55 pm UTC, these tokens will be unavailable. Binance is planning to remove a […]

Nomura launches crypto custody service Komainu

Nomura launches crypto custody service Komainu

Global financial services company Nomura has launched a crypto custody service for institutional investors called Komainu, which means “guardian lion” in Chinese. Together with a digital asset management company called CoinShares and a hardware wallet firm Ledger, Nomura’s Komainu will provide premium grade crypto custody services that boast highest-quality security features, regulatory compliance, and a […]

Western Union may soon acquire MoneyGram

Western Union may soon acquire MoneyGram

According to Monday’s report by Bloomberg global remittance giant Western Union has offered to buy its competitor MoneyGram. Although there has been no final decision made in this regard, if the acquisition does go through, it would bring United States’ two largest money wiring service companies together. Notable takeover offers of 2020 So far, 2020 […]

Will plunging oil prices take agriculture sector down with it?

Will plunging oil prices take agriculture sector down with it

A much-discussed Twitter thread from Monday discusses whether or not the collapsing oil prices will have a domino effect on the soft commodities market as producers struggle to get the right prices for their crops.  It was just a few months ago when the American oil industry was in its full glory as it emerged […]

Oil price collapses highlighting vulnerability of tangible asset prices

Oil price collapses highlighting vulnerability of tangible asset prices

US crude oil price fell to negative levels as a huge oversupply of the asset tanked the markets. In the shocking move that occurred yesterday, US crude oil futures plunged to negative levels. The main cause of the collapse was due to an oversupply of oil during a period of record-low demand for oil. This […]

Bitcoin critic Mark Cuban goes bullish on Amazon stock

Bitcoin critic Mark Cuban goes bullish on Amazon stock

Bitcoin critic and renowned technology entrepreneur Mark Cuban may have serious concerns with Bitcoin, but when it comes to Amazon stock, he becomes an outspoken staunch supporter. The Dallas Mavericks owner and billionaire investor Mark Cuban has been a known Bitcoin critic for a while, joining the likes of other sought-after entrepreneurs and world leaders […]

Will the Bitcoin stock-to-flow model stand its first test?

stock to flow model

Bitcoin priced in Gold (BTCXAU) is currently at its lowest point in four years according to Plan B’s stock-to-flow model creator. This is not entirely good news for Gold if BTC doesn’t see a post-halving price rally. The statement reads: bitcoin priced in gold (BTCXAU) …at its lowest level in 4 years. Stock-to-flow suggests BTC […]

Are Wall Street banks getting too bullish too soon?

Are Wall Street banks getting too bullish too soon

As per major Wall Street banks, which include the likes of Goldman Sachs, JPMorgan, and Morgan Stanley, the stock markets have already witnessed the worst and will soon be on the road to recovery, thus encouraging investors to make the most of the stock market bottom prices. “Bulls will be picking up anytime soon,” “the […]

Bitcoin price rise to $6,700 against a falling stock market, a bull trap?

Bitcoin price rise to against a falling stock market a bull trap

The US benchmark indices, Dow Jones and S&P 500 lost more than 4% yesterday. Along with this, prices of gold also went down. However, Bitcoin rose from $6200 mark to $6700 mark. The sudden bitcoin price rise, when the market is falling down rapidly, could very well be a bull trap.  As the COVID-19 pandemic […]

Stock markets could recover by early 2021, JPMorgan

Stock markets could recover by early JPMorgan

According to Dubravko Lakos-Bujas from JPMorgan the stock markets could regain strength and get back to breaking record highs by as early as Q1 of 2021 if the US can put a stop to the rapidly spreading coronavirus pandemic. The stomach-churning pace at which the stock markets are plunging is often hard to look at. […]

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