Artificial Intelligence (AI) integration across diverse industries is already paying off for businesses worldwide. Last year’s bullish US stock market rally led by the “magnificent seven” stocks was rewarding for investors who bet heavily on the AI hype. As investments in AI continue to grow, Wall Street is analysing its impact on economies, labour, and … Read more
Tesla (NASDAQ: TSLA) stock price fell by over 6% on 2nd January to close at £305.67 ($379.28) as the Elon Musk-owned EV company’s 2024 deliveries declined to 1.78 million units from 1.8 million in the year prior. Yesterday, Tesla disclosed that it delivered 495,570 EVs in Q4, a quarterly record for the company, but it … Read more
Tesla (NASDAQ: TSLA) share prices fell 3.25% to £323.13 ($403.84) on 31st December 2024, a day before a Tesla Cybertruck burst into flames in front of the Las Vegas Trump Hotel entrance at approximately 8:40 am local time. The TSLA stock price fell by over 5.5% to £307.18 ($380.81) on 2nd January, 2025. The Federal … Read more
A recent US Securities and Exchange Commission (SEC) filing revealed that Elon Musk’s AI company, xAI, raised £4.78 billion ($6 billion) from 97 investors in exchange for equity. The funds will be used to expedite training its powerful AI model, Grok 3, alongside enhancing technology across SpaceX and Tesla. The Grok AI model will likely … Read more
401(k) retirement accounts are among the most powerful investment tools for US workers, given the high annual contribution limits, tax benefits, and free money from employer-matching options. More millennials are tapping into the potential of 401(k) accounts. Fidelity Investments data show that the number of millennials with 401(k) account balances above £798,170 ($1 million) increased … Read more
According to court records filed on Thursday, investors who cumulatively lost £120,676 ($151,000) in the HAWK meme coin, inspired by Haliey Welch’s Hawk Tuah trend, filed a lawsuit in the first US District Court in New York against the crypto team and its business partners. The lawsuit alleged that the Hawk Tuah team failed to … Read more
US-based investment firm Azoria plans to launch an ETF, Azoria 500 Meritocracy ETF (SPXM), which will include all S&P 500 stocks except 36 companies that hire based on diversity, equity and inclusion (DEI) targets rather than employee metrics. The philosophy behind this move is that companies that hire based on race and gender but not … Read more
According to Form 4 filings with the US Securities and Exchange Commission (SEC), Amazon (NASDAQ: AMZN) founder Jeff Bezos offloaded 16.35 million company shares with an aggregate market value of £2.41 billion ($3.048 billion) between 1st and 13th November 2024. Bezos notified the SEC of the massive Amazon share sale on 1st November via a … Read more
According to a 13F filing with the US Securities and Exchange Commission, the Bill & Melinda Gates Foundation Trust reduced its stake in Microsoft (NASDAQ: MSFT) by 17% or 5.93 million shares to 28.957 million shares worth £9.82 billion ($12.46 billion) in Q3. During the same quarter, the Microsoft co-founder also sold 2.48 million Berkshire … Read more
Haliey Welch, who shot to overnight internet fame this summer for her quirky ‘hawk tuah’ intimacy advice on TikTok, is now under fire after her meme coin, HAWK, left investors facing devastating financial losses. Welch, who promoted the cryptocurrency as a way to reward her dedicated fanbase, now finds herself at the centre of a … Read more
