Sun, Apr 28, 2024 10:43 AM
Shakti Pumps India Q4 Results Live : profit rise by 3888.17% YOY
A Flip by Avya Verma
At any given time, there is likely a hot story in the world of investing. Right now, that hot story is undoubtedly artificial intelligence (AI). Companies of all kinds are scrambling to present themselves as being in on AI, whether it's core to their business or not. That being said, because computers, automation, and technology generally drive much of modern society.
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The price of Bitcoin (CRYPTO: BTC) is primarily determined by the law of supply and demand. Since there's a fixed supply of the cryptocurrency, growing demand will lead to a higher price. And demand could be increasing due to a big new buyer. Jack Dorsey, the CEO of fintech Block (NYSE: SQ), devoted his entire first-quarter letter to shareholders to talk about Bitcoin.
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It's a strange time to be investing. Inflation is a big concern, interest rates are still high, and there's worry that we won't see a smooth economic landing and might even hit a recession. On top of that, the S&P 500 has shot up by almost 25% in the past year and is hovering near record highs. While it doesn't mean we should follow their every move, given the complicated investing landscape.
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