Investing in AI stocks can indeed be a lucrative opportunity. Here are three AI stocks that have shown promise: 1. Microsoft Microsoft (NASDAQ: MSFT) stands tall at the forefront of the AI revolution, reclaiming its position as the world’s largest company with a market cap surpassing $3 trillion. Behind this…
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, and Goldman Sachs have announced a $1 billion partnership aimed at pursuing private credit opportunities in Asia. The agreement focuses on investing in private credit deals across the Asia Pacific region, particularly in India. Managed by Goldman Sachs Alternatives’ Private Credit division,…
In 2018, Microsoft made an offer to sell its Bing search engine to Apple, as revealed in a recent court filing by Google. This document, part of Google’s antitrust case against the U.S. Justice Department, was unsealed last Friday. The legal dispute, centered around whether Alphabet holds a monopoly in…
Simon Hankinson, a senior research fellow at The Heritage Foundation, a conservative think tank based in Washington, D.C., commented, “I believe it’s become politically unsustainable for the Biden administration to continue allowing this unrestricted influx into what essentially functions as a network of welfare state cities like New York, Denver,…
The US and China are in discussions to proactively address the potential wave of sovereign defaults in emerging markets, sources familiar with the matter revealed. This marks a significant effort in economic collaboration between the two rival superpowers. The discussions encompass various strategies, including extending loan repayment periods before countries…
The substantial civil fraud ruling against Donald Trump was officially confirmed in New York on Friday, solidifying a decision that imposes over $454 million in fines and interest on the former president. This procedural milestone, handled by the New York county clerk, initiates Trump’s appeals process. Concurrently, it triggers the…
HIGHLIGHTS Altman’s stake in Reddit, totaling at least $60 million, grants him 9.2% of the voting power within the online forum platform. Altman’s connection with Reddit dates back to 2014 when he revealed his nine-year tenure as a daily user. Although he served on Reddit’s board in 2021, he has…
On Thursday (Feb 22), the US Energy Department announced preliminary approval for nearly $710 million in loans toward electric vehicle (EV) technology manufacturing endeavors. Despite this allocation, the Biden administration still has $221.8 billion in loan capacity available for funding clean-energy projects. SK Siltron, a South Korean company, is slated…
The European Central Bank revealed a significant annual deficit for 2023, marking its largest loss to date. This trend is expected to continue due to its aggressive interest rate hikes, necessitating substantial payouts to banks. This monetary institution, which has swiftly increased rates over the past couple of years, finds…
President Joe Biden and his administration have initiated the clearance of $1.2 billion in student debt balances for 153,000 borrowers. Under the Saving on a Valuable Education (SAVE) income-driven repayment plan, borrowers who initially borrowed $12,000 or less at least 10 years ago have begun receiving notifications of debt forgiveness,…