Michael Saylor, the chairman of MicroStrategy and a staunch Bitcoin advocate, recently made a bold statement declaring Bitcoin as the “Godzilla” set to revolutionize and potentially dismantle the existing fiat financial models. This assertion signifies a monumental shift in the perception of Bitcoin and its role in the global economy. Saylor’s passionate support for the
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AI investing models have been gaining significant attention in the financial world, with promises of accurate predictions and profitable outcomes. The iFi AI model, powered by IBM’s Watsonx, is one such example that has shown impressive results in projecting potential upsides for various stocks, including bitcoin miner Marathon Digital. Decoding the Algorithm The iFi AI
Financial educator and author Robert Kiyosaki recently made a bullish price prediction about Bitcoin in a tweet. He expressed frustration at the excuses people give for not investing in Bitcoin, particularly citing its high price as a common deterrent. Despite Bitcoin’s current high valuation, Kiyosaki firmly believes that its price will continue to surge even
Investing in artificial intelligence (AI) has proven to be a winning strategy for T. Rowe Price’s Global Technology Fund (PRGTX), outperforming the market for the second consecutive year. Portfolio manager Dominic Rizzo attributed the fund’s success to a four-step investing framework that led them to early positions in AI stocks and semiconductor companies like Nvidia.
The housing market is experiencing a shift with more homeowners listing their properties for sale. However, the increase in new listings is not being met with a corresponding increase in sales. According to the latest market report by Zillow, new listings were up 13% in May compared to the previous year. Despite the surge in
Municipal bonds have experienced firmness in the market recently, with U.S. Treasury yields seeing a slight decrease and equities displaying a mixed performance. The rally in USTs has been fueled by softer economic data, leading to a drop in yields over the past week. Barclays strategists, Mikhail Foux and Clare Pickering, highlighted a shift in
Loretta Mester, President of the Federal Reserve Bank of Cleveland, recently expressed her view that inflation risks are still tilted to the upside despite some positive data. She stated that although the median projection of policymakers forecasts only one interest-rate cut this year, she believes the risks to inflation are still leaning towards the upside.
Boeing’s Starliner capsule, named “Calypso,” is set to remain at the International Space Station for an extended period due to a developmental mission announced by NASA on Friday. Originally planned for a nine-day stay in space, the mission will now last at least 17 days, doubling the duration for further spacecraft testing. This mission, known
Climate change has become a formidable force affecting coastal real estate across the United States. With rising sea levels and more intense storms, areas like Dana Point, California, Long Island, New York, and Nantucket, Massachusetts are experiencing unprecedented flooding and erosion. The National Oceanic and Atmospheric Administration (NOAA) has already predicted an “above-normal” hurricane season
In recent times, the rise in interest rates has brought about a significant opportunity for Americans who are holding cash. Many individuals have opted to invest in cash vehicles such as money market funds and certificates of deposit due to the attractive yields that have been made available. According to the Investment Company Institute, total