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AI-Focused Drug Discovery Stocks Portfolio Down 4% W/e June 14th

AI-Focused Drug Discovery Stocks Portfolio Down 4% W/e June 14th

Photo by Mohamed Nohassi on Unsplash An IntroductionThe major expense of developing new drugs costs about $900 million, on average, per discovery and 13.5 years, on average, to do so the conventional way and has created a huge shortage in drug candidates and programs. That being said, the advent of AI has significantly shortened and cheapened this process by […]
There Is A Divergence In The Market

There Is A Divergence In The Market

Image Source: Pexels What Is Money?Money is not a real “thing”. A US dollar-bill represents a dollar, but it is not a dollar, in the same way that the deed to your house is not a house. Money is whatever we collectively agree can release real-resources like goods and services (materials and labour).The US dollar is […]
TSMC Vs Samsung: Who’s Leading The Semiconductor Race?

TSMC Vs Samsung: Who’s Leading The Semiconductor Race?

Image Source: Unsplash The AI revolution of the 21st century hinges on a tiny yet crucial innovation — semiconductors.Playing a pivotal role in modern technology, semiconductors are essential in the manufacturing of electronic chips that power smartphones, computers, cars, and industrial machinery. Two giants dominate the semiconductor industry Taiwan Semiconductor Manufacturing Company (TSM) and Samsung Electronics are the two […]
Autodesk Stock Gains After Activist Hedge Fund’s $500 Million Stake Revealed

Autodesk Stock Gains After Activist Hedge Fund’s $500 Million Stake Revealed

Image courtesy of 123rf.com Activist hedge fund Starboard Value has taken a significant stake in software maker Autodesk (Nasdaq: ADSK) amid concerns over the company’s handling of a recent accounting scandal. The firm, led by Jeff Smith, invested approximately $500 million in Autodesk and is considering legal action to address issues related to corporate governance and financial disclosures. Starboard […]
Analytical Overview Of The Main Currency Pairs – Monday, June 17

Analytical Overview Of The Main Currency Pairs – Monday, June 17

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0740 Prev Close: 1.0701 % chg. over the last day: -0.36% The Dollar Index rose by 0.33% on Friday and reached a 6-week high. Increased political uncertainty in France is weighing on the euro and supporting the dollar. In addition, hawkish comments from Fed Chair Cleveland Mester […]
USD/JPY Price Analysis: Trades Close To Seven-Week High Near 158.00 
                    
USD/JPY four-hour chart

USD/JPY Price Analysis: Trades Close To Seven-Week High Near 158.00 USD/JPY four-hour chart

The USD/JPY pair jumps to near 158.00 in Monday’s American session. The asset extends its upside as Federal Reserve’s (Fed) hawkish narrative on the interest rate outlook has strengthened the US Dollar (USD) and the postponement of taper tantrum plans by the Bank of Japan (BoJ) has weakened the Japanese Yen.The US Dollar Index (DXY), which tracks […]
SEC crypto watchdog resigns after nearly a decade

SEC crypto watchdog resigns after nearly a decade

David Hirsch, the chief of the Crypto Assets and Cyber Unit for the US Securities and Exchange Commission (SEC), announced he’s leaving his role after almost nine years in a LinkedIn post.  “During that time I had the opportunity to work on more complex, challenging investigations and issues than I ever imagined when I joined […]
China’s Real Estate Sees Steepest Price Drop Since 2014

China’s Real Estate Sees Steepest Price Drop Since 2014

 Image Source: Pexels   New home prices in China fell by 0.7% month-on-month in May, marking the fastest decline since October 2014. The real estate sector has faced severe issues since mid-2021, including developer defaults and halted construction projects. Measures like a 300 billion yuan fund and eased mortgage rules provided some relief but failed to […]
Biden Administration Runs Biggest Deficit Of The Year In May

Biden Administration Runs Biggest Deficit Of The Year In May

By Mike Maharrey, Money Metals ExchangeThe Biden administration ran the biggest monthly budget deficit of the year in May as it continues to spend money hand over fist.Federal spending overshot receipts by $347.13 billion last month, despite a 5 percent increase in revenues, according to the Monthly Treasury Statement. The deficit was the largest ever recorded […]
99 Outperformers And The Dow Ain’t One

99 Outperformers And The Dow Ain’t One

S&P 500 and Nasdaq futures are off to an ever so slightly positive start to the week as the Dow underperforms with modest declines, and in other news, the sun also came up this morning. The underperformance of the Dow and smaller cap stocks relative to Nvidia (NVDA) the S&P 500 won’t last forever, but it hasn’t […]