Apollo, a major investment firm, has shifted its view on technology companies. It now sees risks, especially for those in software. The firm is betting against loans from companies like Internet Brands, SonicWall, and Perforce. Why? Apollo thinks AI is a big threat. It can do many jobs that people
On a recent Friday, the stock market saw a significant drop, but something unusual happened. Retail traders, or regular people trading stocks, showed up in force. They bought a ton of options, making it the busiest day ever for options trading. Over 108 million contracts were traded, which is a huge
Bitcoin's world is turning things on its head. Despite all the excitement and big moves, the price keeps dropping. This was super clear at the recent Bitcoin Asia event in Hong Kong. The big money people are now the main attraction, not the tech geeks who started it all. It's like the party has cha
Cryptocurrencies took a nosedive on Thursday, with Bitcoin leading the pack. The drop came after news that wholesale inflation was higher than expected, making investors nervous. Bitcoin, which had hit a new high of $124, 000 the day before, fell below $118, 000. It later bounced back a bit but stil
The weekend box office saw a mix of new and old faces. The latest "Karate Kid" movie, "Legends, " made a decent debut with $21 million. This was a bit less than expected, but still a solid start. The film, directed by Jonathan Entwistle, brought back Ralph Macchio and Jackie Chan, who first teame
Bitcoin is making waves, climbing towards $70, 000, while gold hit a record $2, 733 per ounce. Investors are flocking to these assets due to global uncertainty, like the Fed’s rate cuts and tensions in the Middle East. But which one is a better investment? Matthew Hougan, Chief Investment Officer at
