Driven by the wave of the digital economy, AI-powered finance is quietly reshaping the wealth management industry. According to statistical analysis from international wealth management firm AMCAP Group, the number of users experiencing asset growth through AI-driven financial management tools has surged by 217% year-on-year. With "AI wealth management" now trending on social media platforms, one has to ask: Does this phenomenon signal a disruption of traditional wealth management methods? Are ordinary people one step closer to achieving "financial freedom"?
The anchor underpinning trust in the U.S. monetary system, that is the confidence in the Federal Reserve's ability to keep consumer price changes on track, is facing its most severe test in decades, as inflation expectations spiral.
Titan Partners Group, a division of American Capital Partners LLC, is acting as sole bookrunner for an underwritten offering of Genelux Corporation (NASDAQ: GNLX) , a late clinical-stage immuno-oncology company. Genelux recently announced pricing of the offering, which consists of 3,000,000 shares of its common stock, each at an offering price of $3.50. Genelux expects approximately $10.5 million in gross proceeds from the offering, of which it intends to use the net for working capital and general corporate purposes, including the continued clinical development of Olvi-Vec.
As we navigate the economic landscape of 2025, it's akin to steering a ship through both calm seas and unexpected storms. Canada, known for its resilience, faces a year of both challenges and opportunities. Drawing from The Globe and Mail’s business insights, let's delve into the key economic indicators shaping our nation: GDP growth, inflation, employment trends, and the performance of major industries.
Gold has hit a record high above $3,000 amid economic uncertainty. A breakout above $3,100 could push it toward $3,500, while support lies near $2,800. Inflation and Fed policy will decide the next move.
Grayscale, which already operates an Avalanche Trust with a 2.5% management fee, filed for the new ETF as part of a broader push toward regulated investment vehicles for altcoins.
Shares of e-commerce software platform Shopify (NYSE:SHOP) fell 5.6% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN)
fell 3.9% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of exercise equipment company Peloton (NASDAQ:PTON)
fell 6.4% in the afternoon session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of online home goods retailer Wayfair (NYSE:W)
fell 7.3% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of financial services company Robinhood (NASDAQ:HOOD)
fell 7.3% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
Shares of data-mining and analytics company Palantir (NYSE:PLTR)
fell 6% in the morning session after the Bureau of Economic Analysis reported that the Fed's preferred inflation gauge (the Personal Consumption Expenditures (PCE) price index) revealed core inflation came in hotter than expected, fueling fear of stagflation (an economic situation of slow growth and rising prices). Core inflation excludes food and energy prices.
The Federal Reserve's preferred measure of inflation came in hotter than expected on Friday. Experts are weighing in on how the latest data could affect the road ahead.
SQQQ jumped as surging inflation expectations and weak consumer sentiment triggered a Nasdaq selloff. Rising rate fears hurt tech stocks, boosting the inverse ETF, which profits from Nasdaq declines.
