Gold has once again taken center stage in global financial markets. Since late 2023, the precious metal has been on an upward trajectory, reaching unprecedented heights. What’s behind this new gold rush? Historically, It’s no secret that gold tends to perform well in uncertainty and economic recession periods. With wars raging, political upheavals, and countries’…
Cathie Wood is the CEO of ARK Investment Management LLC, renowned for prioritizing investments in groundbreaking technologies such as AI, genomics, electric vehicles, and blockchain. ARK’s ETFs particularly popular among investors interested in technology-driven growth. Here’s What Cathie Wood Means About the Future of the Economy in Her Letter to Investors. 1 – Monetary Policy…
Are we at the verge of a potential bull cycle if the 2017-2021 resistance becomes a support line in 2024? I’ll keep an eye for higher highs! Be aware of the U.S. record-high 2023 corn production and the inter-commodity competition with soybeans which can pressure the corn price down. U.S. agricultural surplus, especially corn surplus,…
OpenAI, Inc., best known for developing ChatGPT, has a board of directors who oversee its nonprofit entity. They represent shareholders’ interests when making pivotal decisions regarding an organization’s policy, strategy, and finances. Nonprofit organizations such as OpenAI, Inc. operate for charitable, educational, or similar purposes, with any profits reinvested to advance the organization’s mission. OpenAI,…
The economy always finds a way of adapting. The same pattern of reshaping and transformation of the economy happened throughout history. The Agricultural Revolution allowed the domestication of animals and farming. The Industrial Revolution started the mass production of goods and the rise of factories. The Printing Revolution led to the proliferation of books and…
Navigating the Complex Landscape of Citigroup’s 1.5 Year Autocallable Contingent Coupon Securities – An Investment Tied to the Pulse of the Nasdaq-100 and S&P 500 Indices”
According to an SEC filing, Rumble Inc., an industry leader in video-sharing platforms, recently secured $100 million in equity financing. The Form D document filed on June 11, 2023, indicates that the company still needs to disclose the names of investors participating in its financing round. Typically this filing occurs when raising capital through private…
Cocoa farmers continue to face difficulties as global demand weakens and the conflict between Russia and Ukraine limits exports of fertilizers. Cocoa prices have dropped moderately in recent weeks, with both NY and London cocoa posting 2-week and 1-month lows, respectively. According to the European Cocoa Association, Q4 cocoa grindings in Europe fell by 1.7%…
According to Gita Gopinath, the Deputy Managing Director of the International Monetary Fund (IMF), China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most health restrictions. Speaking on the sidelines of the World Economic Forum in Davos, Gopinath stated that “They…
Hedge fund wizard Michael Burry, CEO of Scion Asset Management, has warned that a recession is already underway in the United States and that another spike in inflation is likely in the near future. Burry, who rose to national prominence after being featured in the 2015 film “The Big Short,” has repeatedly cautioned about lingering…
