Musk tops Fortune list of most powerful in business
Fortune magazine on Tuesday named billionaire technology mogul Elon Musk the most powerful person in business in 2024. Musk topped the media's list of the 100 most influential people in business, followed by NVIDIA CEO Jensen Huang, Microsoft Chairman and CEO Satya Nadella, and Berkshire Hathaway Chairman and CEO Warren.・Followed by Buffett and JPMorgan Chase […]
‘Roaring 20s’ on Wall Street could extend into the 2030s after likely Republican sweep, market veteran says – Fortune
Ever since the U.S. economy began to recover from the pandemic, market veteran Ed Yardeni has been touting a new Roaring Twenties to drive Wall Street. Now, with Donald Trump back in the White House, Republicans retaking the Senate, and the House likely to remain in the Republican majority, a 10-year bullish return looks more […]
Frenchman who saw through pollsters’ failure and media’s skew makes fortune betting on Trump
A mysterious trader who only introduced himself as having been secured by Theo. Estimation He made a profit of $48 million by betting that the 45th president would be elected the 47th president. A French trader with a background in financial services dubbed the “Trump Whale” used four anonymous accounts (Theo4, Fredi9999, Princess Caro and […]
The relentless stock market rally could pull off another shocker – Fortune
The stock market surprised Wall Street with a big rally last year, but it could surpass that with an even bigger rally this year. The S&P 500 rose 24% in 2023, buoyed by a strong U.S. economy despite widespread recession predictions and a dovish shift in tone from the Federal Reserve last fall. Only a […]
Bitcoin ETF rush has made North America the dominant player in the global crypto market, report says – Fortune
The biggest story in the crypto industry this year is the approval of the highly successful Spot Bitcoin ETF, which entered the market in January. Almost a year later, these products have helped push the once-fringe cryptocurrency industry into the mainstream and expand global adoption, says a new report from blockchain data analysis firm Chainaries. […]
The FBI created its own crypto token called ‘NexFundAI’ to take down market manipulators – Fortune
A judge on Wednesday unsealed a wide-ranging criminal case brought by the Justice Department against 18 individuals and companies accused of manipulating cryptocurrency markets and artificially inflating tokens. The operation targeted a multibillion-dollar cryptocurrency company and relied on a new FBI-created cryptocurrency scheme, according to the complaint. The indictment marks the first time the Justice […]
Meet the man who sold Donald Trump a burger using Bitcoin – Fortune
When Thomas Pacchia first suggested Donald Trump's campaign visit to Pubkey as a campaign hub, their reaction was exactly what he expected: “What's a Bitcoin Bar?” On Wednesday, the whole world, or at least the Twitter-addicted demographic, got a chance to find out. Trump stopped by Pubkey on his way to a rally in Long […]
‘Wheel of Fortune’ star Vanna White admits ‘they could do it without me’ but shares why fans need her
Legendary “Wheel of Fortune” host Vanna White knows the wheel will keep spinning without her, but she believes there's a reason the acclaimed game show still needs her. White recently reminisced fondly and described the environment as “very energetic” as the game show enters a new era with Ryan Seacrest at the helm. “And my […]
This ETF uses ChatGPT to invest like Warren Buffett – Fortune
The new fund aims to use AI to replicate some of the best investment minds in history, significantly enhancing clients' portfolios. Intelligent Livermore Exchange-traded funds Developed by fintech startup Intelligent Alpha, LIVR uses OpenAI's ChatGPT, Anthropic's Claude, and Google's Gemini to create a collection of securities with a little human help. To put together a […]
Bank of America is making it harder for junior bankers to lie about their work hours – Fortune
Bank of America is rolling out new tools to more closely monitor the hours worked by junior investment bankers, part of a larger trend by banks to limit the hours of younger employees in the months following the sudden death of a junior associate. Bank of America's new monitoring tools, due to take effect next […]