Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Last Updated: 7.9.2023 15:16
Welcome to Wealthy VC’s Capitalist Countdown
The Capitalist Countdown is a weekly series that features the biggest stories from the stock 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 the Capitalist Countdown’s top 5 market-moving investing news stories for the week of August 21st – 27th, 2023.
5. VIDEO: Powell’s Jackson Hole – Market Reacts (Live)
At the Fed’s Annual Economic Symposium in Jackson Hole, Wyoming, the Investment World is Listening to How Fed Chair Jerome Powell Frames the Central Bank’s Ongoing Fight Against Inflation
The Federal Reserve’s economic symposium at Jackson Hole, Wyoming, is here, and options strategists suggest that investors might be underestimating the potential market turbulence that could arise. Here’s what you need to know.
READ FULL JACKSON HOLE ARTICLE
4. Nvidia’s Earnings and Powell’s Speech Set the Stage for Market Moves
The Federal Reserve Chairman Will Speak Friday at the Central Bank’s Summer Symposium in Jackson Hole, Wyoming
Along with Nvidia’s (NASDAQ: NVDA) upcoming earnings, what’s on your radar?
3. Mortgages In The USA Hit Highest Levels Since 2000
An Investor’s Guide to Seizing Opportunity in a Volatile Market
The U.S. mortgage landscape is undergoing a seismic shift. Here’s what you need to know to navigate the surge in mortgage rates.
READ FULL U.S. MORTGAGE ARTICLE
2. XTM Closes Transformational Acquisition of World-Class Earned Wage Access Company QRails
As the First Fully Certified and Vertically Integrated Provider of Earned Wage Access (EWA), QRails’ Flagship Product, AnyDay™, Provides Leading Human Capital Management and Payroll Organizations With White Labelled EWA Solutions For Their Fortune 100 Companies
XTM Inc. (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations, is pleased to announce that it has successfully completed its previously announced acquisition of QRails, under which XTM acquired all of the issued and outstanding shares of QRails.
1. Nvidia Stock Soars as AI Chip Maker’s Q2 Earnings and Guidance Demolish Expectations (VIDEO)
Nvidia’s Exceptional Q2 Earnings Were Bolstered By Strong Demand for the Company’s Data Center Business, Specifically its A100 and H100 AI Chips, Which Leading AI Firms Like OpenAI Require to Build and Run its ChatGPT Application
Nvidia (NASDAQ: NVDA) crushed Wall Street’s expectations in multiple metrics, including Revenue (+101%), Adjusted EPS (+429%) and Forward Guidance.
Read More:
2 AI Stocks With New Bullish Analyst Ratings and Price Targets (VIDEO)
3 AI ETFs to Beat the Market in 2023 (VIDEO)
5 Ultra High-Yield ETFs You’ve Probably Never Heard Of, With Yields as High as 32.35%
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