A groundbreaking new company, iFi AI, is set to revolutionize the way individual traders approach investing by harnessing the power of artificial intelligence. Unlike traditional investment strategies, iFi AI will utilize AI models to generate projected returns for stocks over various time frames. This cutting-edge approach aims to provide traders with valuable insights to help
When considering the purchase of cryptocurrency, such as bitcoin, Katherine Dowling compares it to cayenne pepper – a little goes a long way. In a portfolio, cryptocurrencies should be treated as an alternative investment, alongside private equity, hedge funds, and venture capital. Allocating a small percentage, around 2% to 3%, of an investment portfolio to
Winning the $1.128 billion Mega Millions jackpot is a dream come true for many, but the excitement might be short-lived once the taxman comes knocking. Experts warn that the winner will face significant tax implications, regardless of whether they choose the annuitized prize or the lump-sum payout. Before the lucky winner receives a penny of
The exorbitant prices of blockbuster drugs like Ozempic, used for diabetes treatment, have been a point of contention across the pharmaceutical industry. A recent study conducted by researchers at Yale University, King’s College Hospital in London, and Doctors Without Borders has shed light on the manufacturing cost of Ozempic, suggesting that it could be produced
Mumbai has emerged as the Asian capital with the highest number of billionaires, surpassing Beijing and Shanghai, according to the latest Hurun Research Institute global rich list. This marks a significant shift in the balance of wealth in Asia, with Mumbai now boasting 92 billionaires, putting it ahead of other major Asian cities. The global
The recent surge in H&M’s shares by 14% following the release of its first quarter results highlights the company’s ability to surpass profit expectations. With an operating profit of 2.08 billion Swedish kronor, exceeding the forecasted 1.43 billion kronor, H&M showcased a significant improvement in its operating margin, which rose from 1.3% to 3.9%. Despite
BJ’s Wholesale Club recently announced its plans to open four new clubs in the Southeast and one in the Midwest. This decision comes as the company aims to expand its reach and attract more members in a competitive membership warehouse market. The new stores are set to open in Maryville, Tennessee; Myrtle Beach, South Carolina;
In response to a surge in scams related to cryptocurrencies and other investments, Britain’s financial services regulator, the Financial Conduct Authority (FCA), has introduced new guidelines for financial services companies and social media influencers. These guidelines aim to ensure that any marketing, including memes, for financial products is fair, clear, and not misleading. The FCA
The spring housing market is typically a busy time for real estate, with buyers and sellers eager to make moves. However, this year, mortgage demand has hit a standstill. According to the Mortgage Bankers Association, application volume remained flat last week, dropping by a mere 0.7% compared to the previous week. This lack of movement
Federal prosecutors have taken legal action to seize two luxurious New York City apartments worth $14 million that are believed to have been purchased with funds derived from a corrupt scheme involving Mongolia’s substantial copper mine, a former prime minister, and his Harvard Business School graduate son. The lawsuit, filed in U.S. District Court in
