Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering mutibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of May 1st – 7th, 2023.
5. Gold v. Bitcoin: Which Asset is Truly the Better Investment? (VIDEO)
As Investors Seek to Diversify Their Portfolios During Times of Uncertainty, Many Turn to Gold or Bitcoin as Alternative Investments and Hedges Against Inflation
While both assets have unique qualities and offer potential returns, they differ significantly in risk, volatility, and fundamental value. This article explores the pros and cons of investing in gold and Bitcoin to help you, wealthy venture capitalists, make informed decisions.
4. Your Job Could Vanish Along with 14 Million Other Jobs Thanks to AI
A New Economic Report Found Within the Next 5 Years, as Economic Conditions Change, and the Adaptation of AI Skyrockets Your Job Could Be on The Line
The new report found that 69 million new jobs are expected to be created while 83 million positions are to be eliminated. The findings are based on surveys conducted with over 800 companies: a net loss of 14 million jobs, or 2% of current employment by 2027.
3. XTM, The Hottest New Fintech on The Block, is Raising Capital at a Premium to Market Price
XTM Announces Convertible Debenture Financing of up to $5,000,000
XTM Inc. (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations specifically for service industries including hospitality, personal care and service staff, announced the company intends to complete a non-brokered private placement of convertible debentures at a price of USD $1,000 per Convertible Debenture Unit for gross proceeds to the Company of up to USD $5,000,000.
2. The Impact of The 0.25 Interest Rate Point Hike – LIVE
Most Economists Surveyed by Reuters Stated That a 25 basis Points Hike Was no Surprise. Watch FED Chair Jerome Speak Live After The Rate Hike Decision
The Federal Reserve’s interest rate decision has been widely anticipated, with the market predicting a near-certain quarter percentage point increase. This marks the 10th hike since March 2022, bringing the benchmark borrowing rate to a target range of 5%-5.25%.
1. U.S. Banking Crisis Could See a Staggering 190 Banks Collapse According to a New Study (VIDEO)
Last Week, First Republic Bank Became the Third Bank This Year to Collapse, and Now PacWest Bancorp is Teetering on the Edge of Becoming the Fourth
With news of a recent study on the fragility of the American banking system reporting that a total of 186 additional banks are at risk of failure, it poses the question, is the United States headed towards a tsunami of bank failures?
READ FULL BANKING CRISIS ARTICLE
Read More:
This 15 Cent Earned, Wage Access Company, is Eating the Lunch of its Much Larger Fintech Competitors
New Safe Supply Narcotics Sector Sees Formation of First Major Player (VIDEO)
Chanson International Holding Announces Pricing of IPO
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