and stock gains disappear. While AI is undoubtedly a huge growth opportunity and a theme that investors should take seriously, buyers should beware, said Michael O’Rourke of Jonestrading.
The massive popularity of OpenAI’s ChatGPT tool has generated a lot of excitement about the potential use cases for AI since it debuted late last year. Microsoft Corp. is
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Bitcoin Barrels Toward Historic January as Crypto Market Jumps by $280 BillionBitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. Those who bought at $16,000 should bank profits now, rather than later🤔 Fool's gold
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Ford Slashes Electric Mustang’s Price in Response to TeslaFord Motor Co. is slashing the price of its electric Mustang Mach-E by an average of $4,500 in response to Tesla Inc.’s own recent cuts, stepping up the price wars in a slowing EV market.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Alibaba loses $23bn in one day in sign rally is easing offA market-beating rally by Alibaba Group Holding, a bellwether for a recovery in Chinese consumer spending, is fuelling doubts that the long positions are starting to get too crowded.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: UK to be the only G7 economy in recession this year, IMF saysBritain faces the bleakest two years of any major industrial nation with a recession in 2023 and the slowest growth of peers in 2024, the International Monetary Fund predicts. Lockdowns will do that When it comes to stirring in other countries' business the Brits are first in. Now they're paying the price. IMF predictions are notoriously inaccurate.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Global stocks hold monthly gain before Fed, ECB: markets wrapA gauge of global stocks held to a monthly gain of more than 6% amid mixed trading in Asia on Tuesday as investors positioned for interest-rate hikes this week from the Federal Reserve and the European Central Bank.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: IMF Eyes ‘Turning Point’ for World Economy as Growth BottomsThe International Monetary Fund sees a “turning point” for the global economy as it raised its growth outlook for the first time in a year, with resilient US spending and China’s reopening buttressing demand against a litany of risks. Meanwhile....back in South Africa....we decided to go the other direction cause we don't quit, we haven't reached the real bottom yet 🤦♀️
Source: dailymaverick - 🏆 3. / 84 Read more »