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Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
Premarket: U.S. tax cut outlook drives stocks but dents dollar Dec 18th
MSCI World stock index hits record level; tepid debut for CME bitcoin futures
.... More »
Making sense of the markets this week: July 14, 2024 Jul 12th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Are U.S. rate cuts on the way?
While Canada’s inflation rate is obviously at the forefront around decision making.... More »
Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up - WIRED Mar 19th
Apple's MM1 AI Model Shows a Sleeping Giant Is Waking Up WIREDApple Is in Talks to Let Google Gemini Power iPhone AI Features BloombergAlphabet Stock Is Soaring Today: Is It a Buy on Potential Apple News? Yahoo FinanceImpact of Google and Apple's rumored AI partnersh.... More »
Wall St slips with inflation data on deck - Reuters Feb 28th
Wall St slips with inflation data on deck ReutersStock market today: US stocks slip in cautious countdown to PCE print as bitcoin soars past $60,000 Yahoo FinanceStock Market Today: Dow Jones Falls On Surprise GDP Data; Cathie Wood Sells More Nvidia Stock Investor's .... More »
The federal Liberals are expected to use the upcoming federal budget to foster the development of cutting-edge artificial intelligence in the hope it will be a springboard to attracting investment and creating a highly-skilled new sector of jobs.
Times ColonistDow Jones industrial average breaks through 20000 milestoneTimes ColonistA board above the trading floor of the New York Stock Exchange shows the Dow Jones industrial average at the opening bell, Wednesday, Jan. 25, 2017. The DJIA is trading over 20,000 points for the first time, the latest milestone in a record-setting …TSX eases back from record; Dow closes above 20000 milestoneThe Globe and MailDow breaks 20000, but it's where it goes from here that has analysts concernedFinancial PostDow Jones industrial average finishes above 20000 for first timeCBC.caHuffington Post Canada -The Boston Globe -WBUR -Los Angeles Timesall 615 news articles »
Dow at 20,000: What took you so long?
– moneysense.ca
Milestones are always big events and often a good time for reflection. The Dow Jones hitting 20,000 is just such a milestone and certainly worthy of attention.
Considering it would take a portfolio growing at an annual rate of 8% about 9 years to double in size that’s not half bad. That is until you consider how long it took to double in the past. Indeed, as you can see from the chart below it took significantly longer to for the Dow to double to 10,000 than it has historically. More than 40% longer.
The chart below looks at the time it took for the index to double, but it excludes periods where the index may have slipped back below one of the milestone values like 2,500, 5,000 or 10,000. In some cases it could take years before the index permanently stays above a milestone figure.
That was certainly the case after the Dow soared above 10,000 in the late 1990s. After the tech crash the blue-chip index would make several runs at topping the 10,000 point mark before slipping again…
Considering it would take a portfolio growing at an annual rate of 8% about 9 years to double in size that’s not half bad. That is until you consider how long it took to double in the past. Indeed, as you can see from the chart below it took significantly longer to for the Dow to double to 10,000 than it has historically. More than 40% longer.
The chart below looks at the time it took for the index to double, but it excludes periods where the index may have slipped back below one of the milestone values like 2,500, 5,000 or 10,000. In some cases it could take years before the index permanently stays above a milestone figure.
That was certainly the case after the Dow soared above 10,000 in the late 1990s. After the tech crash the blue-chip index would make several runs at topping the 10,000 point mark before slipping again…
Cost-benefit analysis alone shouldn’t guide Olympic bid decision
– theglobeandmail.com
As an economist, perhaps I should find it satisfying that every public-policy decision we make demands an economic justification. What’s the cost-benefit analysis of the project? What’s the return on investment of building a new tunnel or library? …
Liberals see artificial intelligence as a path to reverse stalled growth
– canadianbusiness.com
OTTAWA _ They see it as a way of saying “Hasta la vista, baby” to years of sluggish economic growth.
The federal Liberals are expected to use the upcoming federal budget to foster the development of cutting-edge artificial intelligence in the hope it will be a springboard to attracting investment and creating a highly-skilled new sector of jobs.
Economic Development Minister Navdeep Bains says fostering AI is one of the pillars of the government’s economic growth strategy.
He and others see an opportunity for Canada to exploit its competitive advantage in a technology that is becoming ubiquitous across all sectors _ from major companies such as Google or Microsoft to the banking and automotive sectors.
The government’s vision of AI-enabled growth is not rooted in the apocalyptic science fiction of Terminator movies where robots destroy humanity (Arnold Schwarzenegger appropriated the Spanish phrase “Hasta la vista, baby” in Terminator 2: Judgement Day before sparking some spectacular explosions)…
The federal Liberals are expected to use the upcoming federal budget to foster the development of cutting-edge artificial intelligence in the hope it will be a springboard to attracting investment and creating a highly-skilled new sector of jobs.
Economic Development Minister Navdeep Bains says fostering AI is one of the pillars of the government’s economic growth strategy.
He and others see an opportunity for Canada to exploit its competitive advantage in a technology that is becoming ubiquitous across all sectors _ from major companies such as Google or Microsoft to the banking and automotive sectors.
The government’s vision of AI-enabled growth is not rooted in the apocalyptic science fiction of Terminator movies where robots destroy humanity (Arnold Schwarzenegger appropriated the Spanish phrase “Hasta la vista, baby” in Terminator 2: Judgement Day before sparking some spectacular explosions)…
