President Vladimir Putin recently emphasized the importance of Russia cutting imports and increasing the use of non-Western currencies in trade settlements. He highlighted the significance of expanding the country’s domestic financial markets during his speech at the St Petersburg International Economic Forum. Putin pointed out that the trade with Asia has been on the rise,
investment
In today’s rapidly evolving market, investing in stocks with a growing exposure to artificial intelligence (AI) is seen by many as a strategic move that could potentially lead to outperformance. According to analysts at Morgan Stanley, the AI revolution has been a key driver behind the current bull market rally, with companies like Nvidia at
Chair Gary Gensler of the U.S. Securities and Exchange Commission (SEC) recently stated that the fate of exchange-traded funds (ETFs) linked to the cryptocurrency ether rests heavily on the responsiveness of issuers to the SEC’s inquiries. Although the SEC greenlit applications from Nasdaq, CBOE, and NYSE to list spot ether ETFs last month, the issuers
Investing in real estate has long been considered one of the best ways to secure long-term financial stability. According to recent surveys, a significant percentage of Americans believe that real estate is a top long-term investment option. Among the various ways to invest in real estate, real estate investment trusts (REITs) are gaining popularity due
The U.S. Department of Transportation recently made significant amendments to the Transportation Infrastructure Finance and Innovation Act (TIFIA) program. These changes, outlined in the 2021 Infrastructure Investment and Jobs Act (IIJA), aim to provide clarity on interest rates for longer-term loans and expand eligibility criteria for projects. The TIFIA program, established in 1998, plays a
Nvidia, despite reaching a new record high, continues to be considered inexpensive due to the rapid pace of its earnings growth. Eric Jackson from EMJ Capital believes that there is no artificial intelligence bubble in sight and that Nvidia’s massive quarters are likely to continue. With earnings per share increasing nearly 600% in the latest
The New York Stock Exchange experienced a technical issue on Monday, June 3, causing A-class shares of Warren Buffet’s Berkshire Hathaway to appear to be down by nearly 100%. This glitch also impacted trading in Barrick Gold and Nuscale Power, leading to trading halts in these stocks. Despite the quick resolution of the problem and
Michael Saylor, known for his role as the cofounder of MicroStrategy and a strong supporter of Bitcoin, has been actively sharing his thoughts on the future of cryptocurrency through a series of daily tweets. Recently, one of his tweets coincided with Bitcoin’s price surpassing the $71,000 mark, reflecting the growing interest in digital currencies. Saylor
The Dubai Mall, known as one of the largest malls in the world, is gearing up for a major expansion project that is estimated to cost around 1.5 billion dirhams ($408 million). This extravagant shopping complex in the heart of Dubai is already home to an impressive array of amenities, including 1,200 stores, 200 food
The recent surge in account hacks targeting Binance users has raised significant concerns about the security measures employed by the platform. Wu Blockchain reported on multiple cases where users lost millions of dollars due to hackers exploiting hijacked cookies to bypass password and two-factor authentication verification. These incidents, such as the case of Chinese user