Federal Reserve Chair of the United States Jerome Powell continues to sound a hawkish tone, saying that inflation remains “too high” and warning markets that “we are prepared to raise rates further.” Powell reiterated that the Fed remains focused solely on lowering the U.S. inflation rate back down to its 2% annualized target. Currently, inflation
In an era of AI advancements, industry leaders have emerged in data analytics and cybersecurity. They are harnessing the power of artificial intelligence (AI) to reshape the landscape of enterprise solutions. The article explores how these companies have transcended the boundaries of convention, propelling innovation to unprecedented heights. They can take fundamental advantage of their
The Fed has already pushed CD rates to record levels—as high as 5.85%. But it still has three 2023 meetings to go. Will it nudge interest rates even higher this year?
ChatGPT Enterprise offers faster performance and uncapped data usage and has already been deployed by companies including Block, Canva, and Estee Lauder.
U.S. equities added to last week’s gains, with the S&P 500 closing up 0.6% on Monday, Aug. 28, 2023, following Fed Chair Powell’s interest rate hike comments.
Novocure shares plunged after the provider of cancer-fighting treatments reported a Phase 3 trial of its Tumor Treating Fields (TTFields) therapy for ovarian cancer patients failed to meet its goal.
Today’s best CD rates are 5.85% from One America Bank, 5.75% from Abound Credit Union, MapleMark Bank, and BluPeak Credit Union, and 5.70% from Langley Federal Credit Union.
Learn about the fundamental concept of supply and demand and how it relates to individual daily purchases.
Inflation and the value of money have an inverse relationship. Inflation decreases the value of a dollar, making what you have today worth less tomorrow.
Medical tool supplier Danaher moved to expand its product offerings by purchasing British biotech firm Abcam Plc for $5.7 billion, including debt.
The stock market has experienced its fair share of peaks and troughs in the past year. Amidst this vast expanse is a select group of promising S&P 500 stocks effectively carving out an impressive niche and offering strong upside. As summer’s heat and humidity descended upon us, the resilient bull market didn’t break a sweat,
Whether you agree or not, electric vehicles (EV) are the future, and they are going to make a place for themselves on the road. China accounts for more than half of the total EV sales across the world, and the government aims to achieve carbon neutrality by 2060. Several other countries, including the United Kingdom
The gaming industry may seem stagnant lately, but don’t be fooled – there are still plenty of gaming cryptos with huge upside potential in the years ahead. While short-term sentiment has been depressed, I believe the long-term outlook remains bullish. Despite industry consolidation and studio closures, gaming continues to gain momentum globally, especially amongst digitally
The Federal Reserve continues its war on inflation. In a widely watched speech Friday at Jackson Hole, Fed chair Jerome Powell warned viewers that there was still far more work to do. Astute investors are picking up these soft landing telecom stocks as a result. That’s because as the Fed continues to make credit more
Gold mining stocks are back in demand. As a classic hedge against market downturns, these companies are time-tested safe havens. We’re heading into unfamiliar territory, with historically high-interest rates and signs of structural weakness in the economy. Now might be a good time to consider these gold mining stocks as hedges against a potential recession.
Learn about the strong correlation between gold’s value and the strength of currencies trading on foreign exchanges.
Editor’s note: “The ‘Millionaire Playbook’ for Easy Profits in the AI Boom” was previously published in June 2023. It has since been updated to include the most relevant information available. At this point, it’s quickly becoming clear that AI is the real deal. And over the next few years, as it continues its ascent and
Employers having a hard time filling jobs could get some help from a source that’s traditionally boosted the U.S. economy—immigration.
Four long months. That’s the amount of time since the initial strikes by Hollywood writers and actors began. Not only is it hurting workers in the industry, but it’s also taking a toll on the media production companies. Additionally, they are the ones that market films and television shows. Production on new content remains at
Grocery delivery app Instacart filed its application for an Initial Public Offering (IPO) on Friday after the easing pandemic cut its valuation before a previous attempt late last year.