Market news, minus the noise.
Weekly recaps, market analysis, broker comparisons and education, from the Bullwaves desk.
More from the desk.
EU fines Apple and Meta for breaking Europe’s digital rules
The European Commission has fined Apple €500m and Meta €200m for violating fair competition and user choice regulations under the EU's Digital Markets Act (DMA).
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Gold reaches a new record high, surpassing $3,400/oz
Gold prices surged above $3,400, setting a new all-time high on Monday, as the dollar weakened and rising concerns over the U.S.-China trade conflict increased demand for safe-haven assets.
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Chatgpt can now remember everything you ever told it
OpenAI has released a new memory feature for ChatGPT that allows it to retain information from past conversations, making its responses more personalized and efficient.
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Nvidia to produce AI servers worth up to $500 billion in US
Nvidia has announced plans to build AI servers worth up to $500 billion in the U.S. over the next four years, in collaboration with partners like TSMC.
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Schiff Calls For Insider Trading Investigation into Trump
Senator Adam Schiff called for a congressional investigation into whether President Donald Trump engaged in insider trading or market manipulation following his decision to pause a set of tariffs, which caused stock prices to surge.
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The World's First Space Hotel to Open in 2027
If you're looking for an exciting way to enhance your post-pandemic travel plans, why not consider space travel? By 2027, Voyager Station, the first luxury space hotel, will be open for business.
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BlackRock CEO Larry Fink Says Further 20% Market Drop Is Possible
BlackRock CEO Larry Fink stated that the market could experience a further 20% decline, but emphasized that the current downturn presents a long-term buying opportunity, as the situation doesn't pose a systemic risk.
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Report: Apple avoid Trump's tariffs by shipping 5 planes full of iphones
Apple transported five planes full of iPhones and other products to meet the soaring demand during the festive season, ensuring that consumers around the world could get their hands on the latest devices. The company's logistical efforts have been aimed at addressing the challenge of maintaining a smooth supply chain during a period when demand for its products is at its peak.
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China announces 84% tariffs on US goods
China introduced retaliatory tariffs of 84% on US imports, matching the additional tariffs announced by US President Donald Trump earlier in the day, escalating the trade conflict between the two largest economies.
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Global brokerages raise recession odds; J.P.Morgan sees 60% chance
J.P.Morgan has increased its odds of a U.S. and global recession to 60%, as brokerages updated their forecast models amid concerns that tariff-related issues could undermine business confidence and slow down global growth.
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Billionaire numbers hit record high: Over 3,000 globally
The number of billionaires worldwide reached a record high this year, with Forbes magazine's annual list surpassing 3,000 billionaires for the first time. Their combined wealth has now reached an astonishing $16.1 trillion.
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OpenAI raises $40B at $300B post-money valuation
OpenAI has secured $40 billion in one of the largest private funding rounds to date, bringing its valuation to $300 billion post-money.
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BYD new mega factory will be the size of san francisco
In 2024, Chinese automaker BYD once again surpassed Tesla not only in production but also in revenue. BYD reported earnings of $107 billion, outpacing Tesla’s $97.7 billion for the year.
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Stocks see second-worst day of the year
Stocks suffered one of their worst days of the year amid renewed concerns about inflation, declining consumer confidence, and increasing skepticism regarding returns from artificial intelligence investments.
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Apple Enters the AI Data Center Race
In a significant strategic shift, Apple Inc. has embarked on a $1 billion investment to enhance its artificial intelligence (AI) capabilities, marking its entry into the AI data center arena.
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Elon Musk Gets Ready to Enter the Restaurant Business
A groundbreaking new diner is set to open in Los Angeles, bringing a blend of classic Americana and futuristic innovation to Santa Monica Boulevard. Designed to be more than just a restaurant, the venue will feature an all-night diner, a movie theater, and a high-speed electric vehicle charging station.
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China become the world's largest exporter
China exported 1.07 million vehicles between January and March, marking a 58% year-on-year increase, according to the China Association of Automobile Manufacturers. In comparison, Japanese auto exports reached 954,185 units, reflecting a 6% increase.
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Gucci now accepts crypto payment at all stores
Italian luxury brand Gucci is set to begin accepting cryptocurrency payments at select stores in the United States.
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The united states sold 1,000 gold card visas worth $5m each in a single day
U.S. Commerce Secretary Howard Lutnick announced on the All In podcast Thursday that he had sold 1,000 Gold Cards in a single day.
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Around 88% of U.S. millionaires are self-made
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
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