Benjamin Chadwick

Benjamin Chadwick graduated from NYU Stern, has been an Associate Professor of Finance at the Kenna Flegler Business School for ten years before switching to a private financial consultancy and correspondent journalism from the Asian stock market. He is focused on the microstructure of securities markets, while he pays special attention to microcap issues.

Crypto , cryptocurrency price, bitcoin

Cryptocurrencies this week: Updates on major players

The world of cryptocurrencies, particularly Ethereum (ETH), is witnessing significant movements and developments that could impact its price trajectory. Here’s an overview of recent events and their potential impact on Ethereum’s price:   Ethereum Whale Accumulation: An Ethereum whale recently made a substantial purchase of 21,353 ETH at an average price of $2,810 per token, …

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The stocks in wall street thrive despite inflation

Albemarle Expects Strong Performance Amid Market Challenges

Albermarle Corporation has disclosed a solid fourth-quarter performance and full-year 2023 earnings amid a challenging market environment. The top lithium producer’s stock closed the session by rising 2.71% to $117.49 per share. Moreover, it surged by 0.86% to $118.50 apiece in after-hours trading. Moreover, Albermarle noticed a 31% climb in net sales, extending $9.6 billion, …

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Apple

Apple to Release GenAI Update for Its Xcode Coding Assistant

On Thursday, insiders reported that Apple is close to completing a slate of generative AI (GenAI) features for the Xcode coding assistant. The new capabilities will mirror Microsoft’s GitHub Copilot, which utilizes OpenAI technology to make real-time suggestions in a code editor. Microsoft released its Copilot artificial intelligence (AI) suite in November 2023 to help …

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Crude

Oil Prices Mixed as IEA Demand Outlook Weighs on Sentiment

Oil prices traded mixed on Friday as sentiment was curbed due to the International Energy Agency’s (IEA) demand forecast following gains in the previous session on the US’s weaker-than-expected retail sales data for January, reinforcing the possibility of interest rate cuts in the coming months. Brent crude oil futures stumbled 0.02% to $82.84 per barrel, …

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Nvidia Outshines Alphabet as Third Most Valuable Firm

In the wake of tech companies’ artificial intelligence (AI) race, Nvidia surpassed Alphabet as the US’s third most valuable company, a day after exceeding Amazon. In the closed session, the Santa Clara-based firm’s stock surged by 2.46% to $739.00 per share, leading its value at $1.83 trillion. Meanwhile, Alphabet rose by 0.55% to $145.94 apiece, …

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Oil

Oil Prices Fall Following Israeli Attacks on Southern Gaza

Oil prices edged lower in early Asian trade on Monday, with worries on Middle Eastern crude supply slightly abating after the Israeli military said they have ‘concluded’ a ‘series of strikes’ in southern Gaza. Global benchmark Brent crude oil futures fell 0.41% to $81.85 per barrel, while the US West Texas Intermediate crude futures dropped …

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US Economy’s Surprising Strength Sparks Rate Rethink!

At A Glance The US economy’s growth remains robust, surpassing 3% last year, despite significant interest rate hikes. The “neutral rate” concept is central to Federal Reserve policy discussions, influencing decisions on monetary policy’s restrictiveness or accommodation. Recent job data and comments have reignited debates on the appropriate monetary policy stance and the potential need …

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U.S. Senator Introduced a Bill to Counter Expansion of Huawei

Huawei Shift Pivot AI Chips Slows Mate 60’s Output

Huawei has prioritized advancing its artificial intelligence (AI) chips, like the Ascend 910B, while manufacturing Mate 60 phones in at least one factory. However, according to reports, the company’s output at the facility has decreased, prompting it to prioritize the production of AI chips. Meanwhile, demand for Ascend chips, which support training AI models, has …

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