Will AI Become The Next Gold? Big Investor Start To Hunting
Big investors at Abu Dhabi Finance Week expressed concern over AI-related businesses’ high valuations but said infrastructure investment is important to the sector’s long-term development. In recent months, tech giants including Alphabet (GOOGL.O), Meta (META.O), and Oracle (ORCL.N) have rushed to debt markets to keep up with AI, raising concerns about an AI bubble. “We…
Silver Touch New All Time High On This Years
Gold held steady on Thursday as the U.S. Federal Reserve agreed to lower borrowing costs by a quarter-percentage point but paused further rate reduction, while silver hit another new high. Spot gold rose 0.1% to $4,233.39 per ounce at 10:05 a.m. ET (1505 GMT), while February U.S. gold futures rose 0.1% to $4,262.60. As they…
FED May Cut Rates With FOMC Coming
The U.S. Federal Reserve is anticipated to decrease interest rates on Wednesday as officials work through economic data gaps caused by the government shutdown and competing economic risk assessments. The anticipated quarter-percentage-point cut may come with a non-committal or even hawkish approach to next year’s rate path due to policymakers’ division between those skeptical about…
China’s Annual Car Sales Drop 8.5% This Year
On Monday, data indicated that China’s annual car sales fell 8.5% in November, a second straight monthly dip and the worst drop in 10 months, amid a decline in vehicle purchases before government incentives expire.After October’s 0.8% drop, China Passenger Car Association figures showed 2.24 million car sales last month. Cui Dongshu, the industry body’s…
Fed’s Rate Assumed Between 3.25% and 3.50% Next Week
This week’s Federal Reserve meeting will establish expectations for President Donald Trump’s candidate to run the central bank, potentially putting members in a bind between inflation concerns and Trump’s interest rate reduction. At the two-day meeting that ends on Wednesday, a quarter-percentage-point rate cut seems likely, but language and economic projections will show whether the…
Bank Of America Believe In Crypto Investment
Bank of America (BAC.N), opens new tab will allow its financial advisers to recommend crypto allocations in client portfolios next month, a milestone for the digital assets sector. The bank stated clients with certain assets might buy bitcoin ETFs since early 2024. The latest change elevates advisors from crypto order executors to advisers. Numerous investors…
Jeffrey Wallis Launch Cryptocurrency named N3XT
Former executives are creating a blockchain-based bank to transfer U.S. dollars instantly, 24/7, nearly three years after Signature Bank, a New York bitcoin bank, folded.Signature Bank founder and former chairman Scott Shay founded N3XT. Signature’s digital asset and Web3 strategy director Jeffrey Wallis became N3XT CEO. N3XT will operate globally without lending under a Wyoming…
AI Investment Will Be Big Next Year
AI investments by tech giants bank executives expected increased investment-grade debt issuance next year due to M&A activity. The top five U.S. technology firms may need over $100 billion in finance by 2026, says Meghan Graper, Barclays global head of debt capital markets. Debt markets are helping Silicon Valley corporations build AI-ready data centers.Four “hyperscalers”…