In an announcement Monday 30th October 2023, the U.S. Treasury Department said it will be looking to borrow $776 billion. The Treasury said it expects to borrow $816 billion between January and March 2024. The announcement comes 10 days after the government said the fiscal 2023 budget deficit would beRead More →
The White House has announced what it is calling ‘the most significant actions ever taken by any government to advance the field of AI safety’. Oh really! Coincidence or deliberate attempt to undermine the UK AI safety drive? This news comes as the UK draws attention hosting a UK ledRead More →
If the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian reportedly said Monday 30th October 2023. The impact on global markets was initially limited, as investors viewed the conflict as contained. However, the prospect of a regional spillover has added to a senseRead More →
The UK government said it intends to bring a number of crypto asset activities under the same regulations that govern banks and other financial services firms. The U.K. government has recently announced its plans to regulate the crypto industry with formal legislation by 2024. The government aims to protect consumers and growRead More →
John Lennon. 1940 – 1980 John Lennon was an English songwriter, singer, musician and peace activist who gained worldwide fame as the founder, co-songwriter, co-lead vocalist and rhythm guitarist of the Beatles.Read More →
According to the latest data from the U.S. Bureau of Economic Analysis, the U.S. GDP grew at a 4.9% annual pace in Q3 of 2023, better than expected. This was the fastest quarterly advance in nearly two years, driven by robust consumer spending, increased inventories, exports, residential investment and government spending.Read More →
The Nasdaq is a stock market index that tracks the performance of over 3,000 companies, mostly in the technology sector. Correction A correction is a term used to describe a decline of 10% or more from a recent peak in the price of an asset. The Nasdaq entered correction territory onRead More →
The idea is simple – pick good companies and hold them for the long-term. Every time you buy shares in a company, you have purchased a piece of that company. And as a share owner, you are entitled to a ‘share’ of the profits. When it comes to investing, theRead More →
The inflation rate in Argentina is extremely high and has surpassed 100% for the first time since the early 1990’s. The inflation rate for consumer prices in Argentina was 138.28% in September 2023, based on the CPI values for the last 12 months. This means that the prices of many goodsRead More →
Central banks, 18 months ago got it fundamentally wrong and they got it wrong on many other occasions too. So why take any notice? The Fed and other central banks insisted that inflation would be ‘transitory’ – it wasn’t. It reached 7%. That’s 5% above the target of 2%. Along withRead More →
The amount of U.S. debt is a complex and controversial topic that has different perspectives, implications and opinion. According to the U.S. Treasury Fiscal Data, the national debt of the United States was $33.52 trillion as of 23rd October 2023. This includes both the debt held by the public, which is the amountRead More →
Apple and generative AI technology is a topic that has been generating a lot of interest and speculation lately. According to various reports, Apple is working on developing its own large language model and chatbot, which could potentially enhance its products and services with new features and capabilities. However, someRead More →
The price of Bitcoin breached the $34,000 level to hit its highest value since May 2022, encouraged by optimism around the possibility of a Bitcoin ETF. Bitcoin was trading at one point on Tuesday morning, 23rd October 2023 touched $34,940 before pulling back. Bitcoin one month chart October 2023 AnticipationRead More →
The U.S. Treasury yields are the interest rates that the U.S. government pays to borrow money for different periods of time. The 10-year Treasury yield is one of the most important indicators of the state of the economy and the expectations of inflation and growth. On 23rd October 2023, the 10-yearRead More →
Warren Buffet Warren Edward Buffett is an American businessman, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. As a result of his immense investment success, Buffett is one of the best-known fundamental investors in the world. As of October 2023, he possessed a net worth of $117 billion making him the seventh-richest person in theRead More →
Warren Buffett is one of the most successful investors in the world, but he is also one of the most vocal critics of Bitcoin. Opinion not all agree These are some of the opinions that Warren Buffett has expressed about Bitcoin over the years. However, not everyone agrees with him,Read More →
The stock dropped more than 15% over the last few days after the company posted third-quarter earnings on Wednesday 20th October 2023. The earnings report showed that Tesla missed analysts’ expectations on revenue and earnings per share. Tesla also announced a recall of 475,000 vehicles in the US due to aRead More →
Moody’s is a credit rating agency that evaluates the creditworthiness of countries, companies, and other entities. It recently upgraded the UK’s credit outlook from negative to stable, citing policy predictability, softer EU trade stance, and tax reversals. This means that Moody’s expects the UK to have a lower risk ofRead More →
Stocks retreated Friday as a surge in the 10-year Treasury yield prompted broader concerns about the state of the economy. The Dow Jones Industrial Average (DJIA) is one of the most widely followed stock market indices in the world. It tracks the performance of 30 large U.S. companies from various sectors, suchRead More →
Roman Payne Roman Payne – born 1977 is a novelist and poet currently living in political exile in Morocco. ‘The book, Wanderess’ – since its publication in 2013, has influenced art and cultures the world over according to a Goodreads review. See other quotesRead More →
Nokia is planning to cut up to 14,000 jobs worldwide, or some16% of its workforce, as part of a cost-cutting plan following a 69% plunge in third-quarter profits. The Finnish technology company said the planned measures are aimed at reducing its cost base by between €800 million and €1.2 billionRead More →
London has regained its status as Europe’s largest stock market from Paris, boosted by rising crude oil prices. The combined market capitalization of primary listings in London but excluding ETFs and ADRs, is now $2,888.4 billion versus Paris’s $2,887.5 billion, as of 19th October, 2023. London had lost its positionRead More →
The average rate on the U.S. 30-year fixed mortgage rate hit 8% on Wednesday 18th October 2023, according recently released data. That is the highest level since 2000. The unwelcome milestone came as bond yields soared to levels not seen since 2007. Mortgage rates follow the yield of the 10-year U.S. Treasury.Read More →
Bitcoin ETF approval? The price of Bitcoin is influenced by many factors, such as supply and demand, market sentiment, news events, regulations, and technical analysis. One of the recent news events that affected the price of Bitcoin was the speculation about the approval of a Bitcoin ETF by the U.S.Read More →
Shares of Chinese electric vehicle manufacturers took a hit on Thursday 18th October 2023 after Tesla reported disappointing 3Q results on Wednesday 17th October 2023. It was the first time Tesla, co-founded by Elon Musk, missed on both earnings and revenue since Q2 2019. On Thursday morning, Hong Kong-listed shares of Chinese EV makers BYD and Xpeng fellRead More →
‘Technology is a friend who will not be a friend’. Isaac Asimov 1920 – 1992 This quote suggests that technology can be helpful and convenient, but also dangerous and unpredictable. It warns us to be careful and responsible with how we use and create technology, as it may have unintended consequencesRead More →