Artificial intelligence (AI) is rapidly changing the world, and the stock market is no exception. AI is already being used to automate research and trading, and it is likely to have an even greater impact in the future. Here are some of the ways that AI is expected to impact the stock market: Increased automation: AI can automate many of the tasks that are currently done by human traders, such as research, analysis, and trading. This will free up human traders to focus on more strategic tasks, such as portfolio management. Improved decision-making: AI can analyze large amounts of data much faster than humans, and it can identify patterns and trends that humans might miss. This can help investors make better investment decisions. Reduced risk: AI can help investors manage risk by identifyin
The US debt ceiling is the legal limit on how much the federal government can borrow to pay its existing obligations, such as Social Security benefits, military salaries, and interest on the national debt¹. If the debt ceiling is not raised by Congress and the President before the Treasury runs out of cash, the US could default on its debt obligations, which would have severe consequences for the economy and the financial markets². The impact of the debt ceiling on the market depends on several factors, such as the likelihood of a default, the duration of the impasse, the size of the spending cuts, and the market expectations¹. In general, a prolonged debt ceiling standoff could increase market volatility, raise borrowing costs, lower consumer and business confidence, and reduce economic g
GameStop (GME) has reported a surprise profit of **$0.16** per share for the first quarter of fiscal 2023, beating the analysts' expectations of a loss of $0.13 per share²⁴. The company's revenue also exceeded the estimates, reaching **$2.23 billion**, a slight decline of 1.22% from the same period last year⁵. The company attributed its strong performance to its cost-cutting measures, its growth in the collectibles category, and its loyal customer base. GameStop also benefited from the increased demand for video game consoles and accessories amid the pandemic. GameStop's net profit soared by **132.68%** year over year and by **150.9%** quarter over quarter, demonstrating its improved profitability and cash flow⁵. The company also announced that it will invest in its e-commerce capabilities