The U. S. relationship with Saudi Arabia has seen a major shift in recent years. Once criticized for its actions in Yemen and the murder of journalist Jamal Khashoggi, Saudi Crown Prince Mohammed bin Salman (MBS) is now a key partner. This change is clear in the growing business ties between the two countries. Under President Biden, the U. S. initially took a tough ...
Investors are on edge about tech stocks, especially those tied to artificial intelligence. The excitement around AI has pushed up stock prices, but now people are wondering if this is sustainable. Nvidia, a major player in AI chips, is at the heart of this trend. Its performance is crucial not just for tech, but also for other sectors like industrials and utilities....
Russia is making a lot of glide bombs. A high-ranking Ukrainian intelligence officer said they plan to make up to 120, 000 this year. This includes 500 new types that can go really far, up to 200 kilometers. That's a big deal because these bombs are cheap and can cause a lot of damage. These glide bombs are different from regular bombs. They have wings and sometimes...
Janney Montgomery Scott, a firm owned by KKR & Co. , is making some big changes. They're in talks to sell off parts of their business. Specifically, they're looking to sell their division that advises banks and their institutional equities business. This sale is part of a larger plan to focus more on wealth management. The potential buyer is Brean Capital. This deal...
Bay City is known for its lively spirit, and this weekend was no exception. Instead of the usual downtown festivities, the town engaged in two unique events that combined fun with a sense of community. The first event was the Bay City Noon Optimist Club's annual fundraiser, held at the Kawkawlin Township Hall. This event featured camel races, which, despite being on...
Cash App has just rolled out a cool new feature called Moneybot. It's an AI assistant designed to help users handle their money more wisely. This update also includes a new benefits program and enhanced crypto features, like finding places that take Bitcoin and making Bitcoin transactions using USD. Moneybot is all about giving you personalized advice. It looks at y...
Crypto investors have not been great at paying taxes on time. A 2023 IRS review showed that only about 25% of crypto investors are likely to pay their taxes on time. But things are about to change in 2025. Starting in 2025, investors with accounts on centralized crypto exchanges will have their transactions reported to the IRS. This means that if you sold or exchang...
A major Canadian pension fund has made a significant investment in Strive, a company focused on Bitcoin. The Healthcare of Ontario Pension Plan Trust Fund now owns over 5% of Strive's shares, worth about $37 million. This investment shows growing interest in Bitcoin from big institutions. Strive is a unique company. It holds a large amount of Bitcoin, making it one ...
Kevin O'Leary, the famous investor from Shark Tank, has been talking a lot about gold lately. He's not just saying it's a good investment. He's saying it's a classic, a symbol of value that has stood the test of time. Unlike cryptocurrencies, gold has been around for thousands of years. It's accepted everywhere, and people trust it. O'Leary even owns some old gold co...
Crypto holding companies, also known as digital asset treasuries (DATs), have been making waves in the financial world. These companies focus on buying and holding digital assets, which can be a big draw for investors. But before jumping in, it's important to understand how they work and what risks they carry. One of the most well-known DATs is MicroStrategy, a comp...