A high school kid from rural Oklahoma just did what Wall Street’s algorithms haven’t: he let ChatGPT run wild with $100 and watched it outperform the market by a massive margin. Nathan Smith’s experiment started four weeks ago with a simple premise—give ChatGPT complete control over a small portfolio of micro-cap stocks and see what
Tech giants Robinhood, Meta, and Microsoft reported second-quarter 2025 earnings on Wednesday, and all four beat analyst expectations. Their stocks reacted immediately, with each company seeing gains in after-hours trading. According to the financial disclosures released July 30, the reports revealed major growth across key metrics like revenue, user activity, cloud sales, and trading volumes,
Fed Chair Jerome Powell has sparked a bearish sentiment among market participants following his FOMC speech. Powell indicated that inflation is likely to rise higher in the coming months thanks to the Trump tariffs. Meanwhile, the Bitcoin price has crashed on the back of this hawkish statement from the Fed Chair.
Following today’s interest rate decision, analysts believe the Fed’s potential rate cuts will be extremely challenging, not only from an economic perspective but also from a communication perspective. Tom Graff, Facet’s Chief Investment Officer, said the Fed faces a complex dilemma. Graff noted that the newly implemented tariffs are expected to increase inflationary pressures, and
US-based financial services company Robinhood outperformed Wall Street expectations in the second quarter of 2025. According to the results announced by the company, significant increases were experienced in revenues and net profit, while remarkable growth was also recorded in the number of users and platform assets. Here are Robinhood’s results, according to LSEG analysts’ estimates:
Markets are reacting to the Fed’s interest rate decision, amid ongoing concerns over trade policy. Summary The Fed will maintain interest rates steady Trump continues to call for lower rates Tariffs remain a concern for inflation Major U.S. stock indices were up after the expected Fed decision on interest rates. On Wednesday, July 30, the
In June of 2023, Prime Trust, a regulated trust company that was widely regarded as a reliable custodian for digital assets, abruptly shut down. Over the following years, thousands of people and companies whose assets were held by Prime Trust were prevented from accessing their property. As the saga unfolded, it became apparent that Prime
After the Fed left interest rates unchanged and two Fed members voted against it, Chairman Jerome Powell made a statement and answered questions live on air. Here are all the highlights from Powell’s speech: The economy is in a solid position. Inflation is slightly above targets. The current policy stance puts us in an advantageous