Financial News

Summary: According to a poll conducted by Reuters, Thailand’s economy is expected to have grown 3.1% in the second quarter of this year compared to the same period last year, driven by an increase in foreign tourist arrivals. However, on a quarterly basis, the growth is predicted to have slowed down to 1.2%. Despite the […]

Summary UBS, the Swiss multinational investment bank, has announced that it is terminating a 9 billion Swiss franc loss protection agreement and a 100 billion Swiss franc public liquidity backstop that were put in place by the Swiss government to support its struggling rival, Credit Suisse. UBS stated that this decision follows a comprehensive assessment

Gold Stays Near 1-Month Lows as US Dollar and Yields Hold Ground Published Aug 10, 2023 10:26PM ET Summary: Gold prices held near one-month lows as the US dollar and bond yields remained strong, disregarding the cooler-than-expected US inflation figures for last month. Despite a 0.1% increase, gold was still trading near its lowest level

AI Takes Center Stage: Insights from Meta, Amazon, Google, Apple, and AMD In the ever-evolving landscape of technology, artificial intelligence (AI) has emerged as the next battleground for major tech players. Top executives at Meta, Amazon, Google, Apple, and AMD have all acknowledged the significance of AI in their latest quarterly earnings calls, signaling a

Summary: Israeli AI startup, Vesttoo, has allegedly sparked a global insurance scandal, according to a recent article in the Wall Street Journal. The company, which uses artificial intelligence to analyze insurance risks and provide risk management solutions, is accused of manipulating data and misleading investors. This has raised concerns and cast a shadow over the

Summary: Israeli AI startup, Vesttoo, has allegedly sparked a global insurance scandal, according to a recent article in the Wall Street Journal. The company, which uses artificial intelligence to analyze insurance risks and provide risk management solutions, is accused of manipulating data and misleading investors. This has raised concerns and cast a shadow over the

Summary: Israeli AI startup, Vesttoo, has allegedly sparked a global insurance scandal, according to a recent article in the Wall Street Journal. The company, which uses artificial intelligence to analyze insurance risks and provide risk management solutions, is accused of manipulating data and misleading investors. This has raised concerns and cast a shadow over the

Summary: According to MicroStrategy chairman, Michael Saylor, his software company will continue to be the top choice for investors looking to gain exposure to bitcoin, even if a spot bitcoin exchange-traded fund (ETF) gets approved. Saylor believes that an ETF would bring billions of dollars into the market, benefiting companies like MicroStrategy that have significant

Summary: According to MicroStrategy chairman, Michael Saylor, his software company will continue to be the top choice for investors looking to gain exposure to bitcoin, even if a spot bitcoin exchange-traded fund (ETF) gets approved. Saylor believes that an ETF would bring billions of dollars into the market, benefiting companies like MicroStrategy that have significant

Summary of the Article: 5 Stocks I’m Buying in August The original article discusses the author’s investment strategy for the month of August. The author shares that they are allocating cash in their brokerage account to both existing positions and new positions. The article provides a rundown of the five stocks the author is buying