The Wall Street Journal reported on July 16 that the investment banking revenue of multiple Wall Street banks rose by double-digit percentage levels last quarter. As a result of increased economic stability in the U.S., the firm’s corporate clients utilized more banking services, including deal advisory and debt offerings. Moreover, many firms’ asset-and-wealth management revenue
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Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd, with the ticker PSUS, has
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Leading contract chip manufacturer Taiwan Semiconductor Manufacturing (NYSE:TSM) has undeniably been a market darling so far in 2024. The stock’s ascent to an all-time high of $193.47 on July 11 shows its dominant position in the global chipmaking landscape. TSM stock has surged over 50% year-to-date (YTD). It has significantly outperformed the Philadelphia Stock Exchange
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Tech stocks comprise many of the S&P 500 and the Nasdaq Composite. This sector features many high-growth companies that can scale their revenue and profits over time. Many corporations within the industry have annual recurring revenue models. However, a major weakness of most tech stocks is that they amass high valuations. Many investors get excited
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Semiconductors power many devices that you use every day. You can find this technology in your computer, car, refrigerator, and other everyday items. Chipmakers have reported rising revenue and earnings for years, but artificial intelligence has taken these companies to new heights. Artificial intelligence is a booming industry that’s projected to maintain a 36.6% compound
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When we hear of human augmentation, it’s easy to picture something out of a sci-fi movie. But actually, we interact with human augmentation devices and capabilities on a day-to-day basis without it being apparent. Devices such as smartphones and fitness trackers are examples of such devices. Human augmentation simply means tools that improve our physical,
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Quantum mechanics could very well unlock the next stage of modern computing. Scientists can leverage the complex physics of subatomic particles to develop advanced computing systems. In particular, physical matter has both particle and wave-like qualities. Quantum computing exploits this behavior using specialized hardware. Moreover, unlike in classical computing where there are two states of information
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