A stock market crash is coming. The eye-watering sums invested in artificial intelligence (AI) can’t be justified. The return on investment companies are getting out of AI doesn’t match reality. A correction’s inevitable sooner or later. That’s what the talking heads are saying, at least. Let’s assume a crash is…
Algoma expects 65% drop in Q3 steel shipments after turbine outage (ASTL:NASDAQ)
zhaojiankang/iStock via Getty Images Algoma Steel (ASTL) fell 2.4% post-market Thursday after warning it expects to report a sharp decline in Q3 steel shipments due to the impact on production caused by a turbine outage. The Canadian steel producer guided for Q3 steel shipments of ~145K Source link
SEC maps out crypto custody in new proposal that furthers its digital assets agenda
According to the 760-page proposal, the SEC will allow for self-custody by advisers seeking to hold their clients’ funds. The agency is using the term “self-custody” as an asset management firm practice, not how crypto companies typically use the term. It would first require that an adviser can’t find a…
Edwards gains FDA approval of AUTUS pulmonary valve for pediatric patients
JHVEPhoto The US FDA approved Edwards Lifesciences (EW) AUTUS surgical pulmonary valve for pediatric patients with congenital heart disease. AUTUS can be expanded as a child grows and is the first such pulmonary valve approved with that feature for children. The expansion Source link
Another Trump memecoin dinner advertised for token’s top investors
That had been a point of disappointment for some participants in past events: While Trump briefly appeared, they didn’t get a chance to meet him. Since his memecoin’s launch in the days before he took office again, investors have lost billions of dollars, and those losses have occupied the spotlight…
BP shares smashed the FTSE 100 in September – can they do it again this month?
Image source: Getty Images You may not be totally shocked to discover that BP (LSE: BP) shares outpaced every UK blue-chip in September, rising around 10%. The month’s second-best performer? Fellow FTSE 100 oil and gas giant Shell. The fact that Brent crude spiked to $107 a barrel last month…
What the heck’s going on with Aviva shares?
Aviva (LSE: AV.) shares have fallen around 9% in little more than a month. That’s hard to square with a business that’s just delivered a 24% jump in operating profit and raised its dividend 7%. So what’s going on? Should investors be worried about rising bond yields and the stock’s…
Microsoft unveils new transcription, voice models (MSFT:NASDAQ)
Microsoft (MSFT) unveiled three new artificial intelligence models on Thursday, aimed at transcription and voice. The MAI-Transcribe-2-Streaming model is aimed at transcription, turning live speech into text as it arrives, Microsoft said in a blog post. “Instead of waiting for Source link
Twelfth Magpie | Share Tips, Investing and Stock Market News
Our flagship share-tipping service offers two recommendations each month from the UK or US markets, one of which is growth-orientated while the other is income-orientated. You’ll also get ongoing coverage of each recommendation, plus a whole host of additional content, designed to make you a better investor Source link
The CLARITY Act failed, but the rules came anyway
There is nothing so powerful as an idea whose time has come. For now, that time has not arrived. But as Congress closed a door, regulators opened a window. Both the SEC and CFTC moved with remarkable speed. Just two days after CLARITY failed, the SEC issued an “Innovation Exemption”…