In the tech industry, the acquisitions of AI startups by giant corporations have become a common occurrence. One such recent deal was announced by startup Character.AI, which signed an agreement with Alphabet’s Google to license its large language model technology. This move reflects a growing trend in the industry, where tech giants like Microsoft and
Art
Gold prices have been on the rise, surpassing the $2,440 resistance level. The price found support near the $2,320 zone and has been steadily increasing. A key bullish trend line has formed with support near $2,440, indicating a positive trend for gold. The price has moved above the $2,435 and $2,440 resistance levels, testing the
The cryptocurrency market experienced a 0.75% loss in the past 24 hours, bringing the total market capitalization to $2.29 trillion. This decline comes after a period of optimism in equities, with synchronized selling dominating the market sentiment. The current sentiment index rests at 57, indicating greed among investors. This shift from fear to greed could
Warren Buffett’s Berkshire Hathaway has been actively reducing its holdings in Bank of America, shedding a total of 19.2 million BofA shares over the course of three days. This selling spree, totaling almost $779 million, has been ongoing for the past 12 consecutive days, resulting in total sales exceeding $3.8 billion. As a result of
PortfolioPilot, an automated financial advisor, has managed to amass a staggering $20 billion in assets within just two years of its launch. This rapid rise symbolizes the potential impact of artificial intelligence on the wealth management sector. The co-founder of Global Predictions, Alexander Harmsen, revealed that PortfolioPilot has attracted over 22,000 users since its inception.
Singapore’s stock market has been facing challenges such as thin trading volumes and more delistings than listings, leading to a lackluster reputation in the eyes of investors. The turnover velocity at the SGX has been considerably lower compared to other major exchanges like Hong Kong and Japan, indicating a lack of market liquidity. To address
As major share indices plunged deep into the red in Asia on Monday, it became increasingly evident that fears of a potential recession in the United States were triggering mass risk aversion among investors. This resulted in significant sell-offs and a sharp decline in market confidence. The prevailing sentiment indicated that interest rates would have
As global markets gear up for another potentially turbulent week, investors are grappling with concerns about overpriced stocks and the implications of central banks cutting interest rates. While expectations of rate cuts have driven rallies in stocks, cryptocurrencies, and bonds, the fear of assets being “priced to perfection” looms large. The recent solid earnings season
As recent market sell-offs continued to rock equity markets around the world, investors are left pondering the future outlook for stocks. With concerns over the U.S. economy and disappointing tech earnings looming large, the bullish sentiment that has defined the market in recent years is starting to wane. The S&P 500 saw a steep decline
Warren Buffett’s Berkshire Hathaway has seen its cash pile swell to a record $276.9 billion last quarter, a significant increase from the previous record of $189 billion set in the first quarter of 2024. This increase came as Buffett sold big chunks of stock holdings, including nearly half of his stake in tech giant Apple.
The decision by the U.S. Commerce Department to continue classifying Vietnam as a non-market economy country has been met with disappointment in Hanoi. This classification, which puts Vietnam in the company of only 12 other economies marked by heavy state influence, means that punitive anti-dumping duties will continue to be levied on imports from Vietnam.
Berkshire Hathaway, the conglomerate led by CEO Warren Buffett, is expected to announce a cash pile exceeding $200 billion in its second-quarter earnings report. Buffett’s recent sale of some of his favorite stocks, including Apple and Bank of America, has raised eyebrows among investors. Some speculate that Buffett is looking to de-risk the portfolio amidst
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