Author: arthursheikin@gmail.com

[ad_1] Turn to crypto-related stocks for gains as the long-awaited altcoin rally shows no sign of hope, according to Wolfe Research. Seasoned crypto investors have become used to a shift in market sentiment that usually follows new bitcoin all-time highs: Capital flows out of the flagship coin and into smaller, higher-risk cryptocurrencies known as altcoins. There have been two runups to new bitcoin records this year, but “alt season,” or altcoin season as the trend has become known, has not followed and isn’t likely to this year, Wolfe found. “It has been our call for months that investors should stick…

[ad_1] Some tennis players are not happy with Wimbledon’s new AI line judges, as reported by The Telegraph.  This is the first year the prestigious tennis tournament, which is still ongoing, replaced human line judges, who determine if a ball is in or out, with an electronic line calling system (ELC). Numerous players criticized the AI technology, mostly for making incorrect calls, leading to them losing points. Notably, British tennis star Emma Raducanu called out the technology for missing a ball that her opponent hit out, but instead had to be played as if it were in. On a television…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A maternity wear group that was part of the 2021 rush of London stock market listings has collapsed into administration, two years after being taken private by its former backers at a 90 per cent discount.Seraphine Group, whose clothes were worn by Catherine, Princess of Wales, during her pregnancies, ceased trading on Monday. Administrators from Interpath Advisory were appointed to take control of the business shortly after the Financial Times revealed it was filing for administration. Seraphine floated in July 2021…

[ad_1] The Invesco QQQ ETF , which provides a way to invest in the Nasdaq-100 Index, confirmed a breakout to new all-time highs with last week’s close above the December and February peaks (~$539). The breakout is associated with renewed long-term momentum indicated by a whipsaw in the monthly MACD, marking a resumption of a multi-year secular uptrend. The breakout allows for a measured move projection of $602, which is approximately 9% above current levels as a reasonable objective looking out six-to-12 months. Since the April low, QQQ has outpaced SPY by approximately 7%, fueled by its heavier weighting in technology…

[ad_1] This as-told-to essay is based on a conversation with Katie Bunton. It has been edited for length and clarity.Since I gave birth to our now-4-year-old twin boys, my husband has always been the breadwinner. He worked his way up to a leadership position in a finance company, complete with having a high salary.Still, he felt high levels of burnout, and we only saw him on the weekends. We fantasized about him leaving his intense career, but our lifestyle was dependent on his salary, making it hard to take a step back. We wanted “out” but weren’t sure how to…

[ad_1] The ghost of Jeffrey Epstein is haunting the Trump administration.Among his many campaign promises, President Donald Trump said he would make government files related to the now-dead financier and sex trafficker public.Now, the Trump administration is changing its tune.In a memo published Sunday night, the Justice Department and FBI now say they won’t disclose anything else.”While we have labored to provide the public with maximum information regarding Epstein and ensured examination of any evidence in the government’s possession, it is the determination of the Department of Justice and the Federal Bureau of Investigation that no further disclosure would be…

[ad_1] AGI is a pretty silly debate. It’s only really important in one way: It governs how the world’s most important AI partnership will change in the coming months. That’s the deal between OpenAI and Microsoft.This is the situation right now: Until OpenAI achieves Artificial General Intelligence — where AI capabilities surpass those of humans — Microsoft gets a lot of valuable technological and financial benefits from the startup. For instance, OpenAI must share a significant portion of its revenue with Microsoft. That’s billions of dollars.One could reasonably argue that this might be why Sam Altman bangs on about OpenAI…

[ad_1] Disruptive space and defense tech company Voyager Technologies has quickly captured the eye of several Wall Street firms. Analysts from big-name firms, such JPMorgan and Morgan Stanley, initiated coverage of the stock this week with bullish ratings and price targets that suggest substantial upside ahead for the newly public company. Voyager is a risky but fruitful investment into a huge growth market, according to many analysts, who are counting on the company’s Starlab commercial space station as the ultimate upside opportunity for the firm. Voyager owns 67% of the Starlab joint venture, which is planned to replace the International…

[ad_1] CNN  —  The brief détente between Elon Musk and President Donald Trump took its last breath over the weekend, as the billionaire and once top Republican donor announced he would form a new political party. Musk distanced himself from his former role as “first buddy” to the president, spending much of Independence Day weekend and Monday promoting his new “America” party, while bashing both Republicans and Democrats. He even resurfaced unfounded conspiracy theories, accusing the Trump administration of misleading the public about disgraced financier and convicted pedophile Jeffrey Epstein. The breakup came after Trump signed his massive domestic policy…

[ad_1] The data industry is on the verge of a drastic transformation. The market is consolidating. And if the deal flow in the past two months is any indicator — with Databricks buying Neon for $1 billion and Salesforce snapping up cloud management firm Informatica for $8 billion — momentum is building for more. The acquired companies may range in size, age, and focus area within the data stack, but they all have one thing in common. These companies are being bought in hopes the acquired technology will be the missing piece needed to get enterprises to adopt AI. On…