Author: Anthony M. Orbison

One of the great questions about artificial intelligence is if or when the people running these organizations can show profits from their efforts and products. It’s an important challenge for the AI world. Billions are being spent on AI development and products around the world. The technology is touted as the most important development in technology since the Internet emerged in the 1990s.The short answer may be: Not many, at least not yet. Related: Veteran fund manager highlights lurking stock market riskTake Open AI, the San Francisco-based startup behind ChatGPT. The organization is slowly transforming itself from a non-profit into a for-profit…

In January of this year, the US Securities and Exchange Commission (SEC) approved the first crypto-based ETF in the United States. With a plethora of issuers for the inaugural Spot Bitcoin ETF, BlackRock was among the most notable, with many pondering just how much BTC the asset manager holds in 2024.JUST IN: BlackRock has purchased 359,279 #Bitcoin worth over $23 billion since January 2024.— Watcher.Guru (@WatcherGuru) September 25, 2024BlackRock stands alone in regard to traditional finance firms that have turned to Bitcoin this year. Indeed, the $10 trillion asset manager’s CEO, Larry Fink, went as far as to call the…

(Bloomberg) — Chinese stocks extended one of their most remarkable turnarounds in history, soaring for a ninth straight day as government stimulus entices investors back to one of the most beaten-down markets worldwide.Most Read from BloombergThe CSI 300 Index jumped as much as 9.1% on Monday, the most since 2008, as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% — heading for a technical bull market. Its rally last week was the biggest…

Investing.com – European stock markets retreated Monday, the last day of September, as investors digested a series of local economic releases as well as the differing performances of the major Asian indices.  At 03:05 ET (07:05 GMT), the in Germany traded 0.3% lower, the in France fell 0.5% and the in the U.K. dropped 0.12%. Differing Asian influences The tepid start to the week comes after the benchmark pan-European index closed at a fresh record high on Friday, boosted by China’s announcement last week of a range of stimulus measures that aim to boost the world’s second-largest economy, also a…

. In the dynamic world of cryptocurrency, where meme coins have carved out a significant niche, Floki, the popular meme coin project, has just announced a groundbreaking collaboration with Binance, the global crypto exchange behemoth. This partnership will enable Floki token holders to receive a highly anticipated airdrop of Simon’s Cat tokens directly into their Binance accounts. The news, which was shared in a recent blog post by the Floki team, has generated considerable excitement within the crypto community. The airdrop, scheduled for August 29, 2024, will see Binance taking a snapshot of FLOKI holdings on its platform, with eligible…

Sep. 30, 2024 1:26 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets trade mixed on Monday; stocks in mainland China spiked over 6% on mixed PMI data, while Japan’s Nikkei tumbled 4.64% on Monday on Ishiba’s dovish remarks and as investors assessed key economic data from the two countries. The Japan (NKY:IND) down -4.97% to around Source link

Consumer attitudes toward spending were beginning to improve over the summer, despite concerns about elevated prices and interest rates and uncertainty about the future.Consumer confidence increased in both July and August, according to the Conference Board’s Consumer Confidence Index, and consumers were less pessimistic about the future. The index in July rose to 101.9 from 97.8 in June, and then continued rising to 105.6 in August.Related: Legendary pop band returns for Las Vegas Strip casino residencyConsumers in August were more positive about business conditions, both current and future, but also concerned about the labor market, the survey said.Attitudes changed in…

Bitcoin popularity is a small fraction of what it was in March 2024. The market capitalization charts gave bullish signals for the long-term. Bitcoin [BTC] market sentiment was starting to turn bullish. The Crypto Fear and Greed Index stood at 63 to show greed was predominant in the market after BTC raced past the $64k resistance zone. In a post on X, user Alex Becker noted that despite the excitement within the crypto community, the interest from the wider market was minimal. It was only a fraction of the frenzy seen during the 2020 run. Source: Google Trends A look…

In the heart of the Indian megacity Kolkata, a makeshift protest camp has formed outside one of its most overburdened hospitals. The walls of RG Kar Medical College Hospital are covered with angry slogans: “Stop rape”, “We want justice”, “Staying silent when the fire is raging is siding with the ones who lit it”. The demonstrations, which spread into a national strike, have come in response to the rape and murder of a female trainee doctor who was attacked at the hospital in early August. The 31-year-old lay down to sleep in a seminar room at the end of a…

By Sophie Yu and Casey Hall BEIJING/SHANGHAI (Reuters) – Chinese tourists are expected to take longer trips than last year during the Golden Week holiday that kicks off on Tuesday, but that will not necessarily lead to a bump in spending, travel industry experts said. With the economy slowing and consumer confidence hovering just above historic lows, they expect many travellers over the week-long National Day break will opt for cheaper domestic or short-haul overseas destinations and take advantage of a decline in airfares. The holiday period has traditionally produced peak numbers of Chinese travelling, especially abroad given the length…