Author: prosperplanetpulse.com
Destrehan (Louisiana) defensive back Jahseh Thomas is expected to be named Saturday and is close to a decision.The Louisiana native committed on July 13 after considering five schools: LSU, Houston, Ole Miss, Texas Tech and Colorado.LSU wasted no time in impressing Thomas, offering him in June after he dominated the testing department at LSU’s elite camp.The 2025 defensive back has been on the radar of LSU safeties coach Jake Olsen after making a couple of unofficial trips to Baton Rouge in recent months.Heading into the summer, the expectation was that offers would come soon if Thomas showed up during training…
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, USA, on July 3, 2024. Brendan McDiarmid | ReutersAmericans are often accused, especially by people living abroad, of having a rather narrow-minded view of the world.Americans’ preference for the United States also extends to investment, where they tend to be strongly domestically-oriented and reluctant to jump into foreign investment.Despite many experts urging diversification away from the US, Wall Street has been the top destination for traders and investors for several years in a row.of S&P 500 While it will rise by nearly 18%…
Despite many experts urging diversification away from the US, Wall Street has been the top destination for traders and investors for several years in a row.The S&P 500 is expected to rise nearly 18% in 2024, while the Nasdaq Composite Index is expected to rise 22% over the same period.Other major markets aren’t even close.Japan has been one exception after three decades of significant stagnation, with the Nikkei stock average up 23% so far in 2024.There were also sizeable gains in Argentina and Turkey, but both countries are struggling with soaring inflation and currency instability, making them less attractive investments…
Companies and investors have spent billions of dollars building AI. Currently used LLM models such as GPT-4o have already cost hundreds of millions of dollars to train, and the next generation models have already begun to be developed, which will cost as much as $1 billion. However, Goldman Sachs, one of the world’s leading financial institutions, is questioning whether these investments will be profitable.Venture capital firm Sequoia Capital recently looked at AI investments and calculated that the industry as a whole would need $600 billion in annual revenue to recoup its initial investment. So with big companies like NVIDIA, Microsoft,…
The current financial cycle is witnessing a bull market at its climax. The accumulation of “firsts” and “unprecedented extremes” over the past few years is a sign that this bull market has truly left a unique mark. Last Thursday, 87% of S&P 500 stocks outperformed the index itself, which Goldman Sachs called “the largest in the history of our dataset.” This comes six months after the fewest stocks outperformed the S&P 500 in any half-year. Similarly, Strategas Research said that the New York Stock Exchange had the highest percentage gains and losses of any day the S&P 500 was down.…
The dividend is approaching $1,000.Receiving my first four-figure cash payment from an American company was one of my most anticipated milestones since receiving my first dividend 20 months ago.We are expected to arrive there by the end of August.According to the spreadsheet I used to track my 120 dividend payments, I made $987.19. I’m only missing $12.81. The next three dividends will bring me over $1,000.The next milestone is five figures.This first milestone is important because it’s proof that the stock market works. This checkpoint is proof that I’m learning how to play the game. It’s proof that I’m trusting…
OpenAI, the developer of ChatGPT, is developing a secret AI project codenamed “Strawberry” that could significantly enhance AI inference capabilities and lead to breakthroughs in autonomous research and problem-solving. Details are being kept closely guarded, but Reuters has learned, through sources and internal documents, that Strawberry takes a novel approach to training and processing AI models, allowing them to perform tasks that existing systems couldn’t. Unlike current models that focus primarily on generating text-based responses, Strawberry aims to equip AI with the ability to “plan ahead” and navigate the internet autonomously, and to carry out what OpenAI calls “deep research,”…
Potential homebuyers stop by a property for sale during an open house on September 3, 2023, in the Clarksburg, Maryland, residential neighborhood.Robert Schmidt | AFP | Getty ImagesIt’s no secret that the housing market looks very different than it did just a few years ago.High mortgage rates and home prices have robbed consumers of purchasing power, while limited supply has left the market competitive, resulting in dramatically less affordable housing than it was at the start of the pandemic.The six charts below will help explain what this special moment is like and what it means to you.30-year mortgage rates are…
You don’t have to start investing very early to make big savings. Many people can’t afford to start investing when they’re younger. But starting later doesn’t mean it’s too late to invest and save for a nice retirement savings. Also, as you advance in your career, your wages should increase, and you may be able to invest more money (per month) than if you started years earlier. So, it may not be a big disadvantage. Below we show you how much you need to invest each month to build a portfolio worth at least $1 million by the time you’re…
Many people can’t afford to start investing when they’re younger. But starting later doesn’t mean it’s too late to invest and save for a nice retirement savings. Also, as you advance in your career, your wages should increase, and you may be able to invest more money (per month) than if you started years earlier. So, it may not be a big disadvantage.Below we show you how much you need to invest each month to build a portfolio worth at least $1 million by the time you’re 40, or retire, if you invest for 25 years.Investing more money can make…