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Rising electricity demands are pushing Nuclear stocks higher
Ever since the sudden emergence of generative AI, an arms race has been underway to lock in a leadership position. In this frantic winner-takes-all quest, Google (GOOG), Microsoft (MSFT) and Meta (META) are spending billions to buy the newest hardware equipment – specifically, Nvidia’s chips – to build their ever-advancing AI models. OpenAI’s lates… To
Bank of England holds Base Rate; Nvidia dethrones Microsoft as the largest company
The Bank of England held the policy interest rate unchanged today. 7-2 was the voting result of the Monetary Policy Committee (MPC) that concluded on 19 June. Thus, the Base Rate is held at 5.25 percent. In doing so, many are wondering why the central bank did not follow the European Central Bank (ECB) in
How to Buy Shein Shares in the IPO
In recent months, it has come to light that Shein is considering an Initial Public Offering (IPO) on the London Stock Exchange. If it goes ahead, it could be the UK’s largest IPO ever. Looking for more information on the Shein IPO? Here’s everything you need to know. What is Shein? Shein is a Chinese online
Lower Inflation Diminishes Bitcoin’s Hedge Appeal Amid AI Stock Surge
The decline in inflation in the UK and Europe reduces the immediate need for inflation-hedging assets like Bitcoin, though consumer sentiment remains mixed. Bitcoin is trading in a narrow range near its historical highs, unusual for its typically volatile nature, suggesting a digestion phase after significant rallies. Interest rates are not fallin… To read this
Hopes of multiple Fed rate cuts diminish; Nasdaq at fresh highs
No change, for the Federal Reserve told the market yesterday. On balance, the monetary committee noted that “…economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low.” More importantly, the Fed statement noted that “inflation has eased over the past year but remains el…
Raspberry Pi Rallies, The French CAC Themselves & Bonds Struggle
France sent shockwaves through the market on Monday when president Macron called a snap legislative election the previous evening. “France,” he asserted boldly, “needs a clear majority in serenity and harmony. To be French, at heart, is about choosing to write history, not being driven by it.” The reason for this sudden political decision was to