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 multibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of May 8th – 14th, 2023.
5. Google’s Shocking AI Reveal Set to Rattle Microsoft: Insider Scoop on Cutting-Edge AI Innovations
Alphabet is Set to Reveal Numerous Artificial Intelligence (AI) Product Enhancements at the Upcoming Google I/O Conference
Scheduled to start on May 10th, the company can hardly afford to ignore AI at this year’s event. It also faces the challenge of demonstrating leadership in the field to avoid losing ground to the OpenAI-Microsoft collaboration.
Read the full story here.
4. PEPE Coin Holders Stay Optimistic Amid Price Drop
You May Have Heard of Dogecoin or Shiba Coin, But Have You Heard of the New Craze: Pepecoin (PEPE)?
PepeCoin (PEPEUSD) is a cryptocurrency inspired by the popular internet meme, Pepe the Frog. It operates on blockchain technology, similar to other meme-based digital currencies. Similar to Dogecoin (DOGEUSD), Pepecoin’s value is primarily driven by social media hype, rather than serving a specific utility within the blockchain ecosystem.
Read the full story here.
3. Breaking: U.S. CPI Inflation Dips to 4.9% in April, Beating 5% Forecast
The U.S. Bureau of Labor Statistics (BLS) Announced on Wednesday That U.S. Inflation (CPI) Dropped to 4.9% Year-Over-Year in April From 5% in March, Slightly Below the Anticipated 5%
Additional data showed that Core CPI inflation, which excludes volatile food and energy prices, slipped to 5.5% from the expected 5.6%. In monthly terms, both CPI and Core CPI increased by 0.4%, in line with analysts’ projections. Our live coverage provides more insights into the market’s reaction to US inflation data.
Read the full story here.
2. XTM and CloudMD Join Forces to Offer Virtual Health Care and Mental Health Support to Service Workers in its Today Program™
The Day Following the In-App Notification Saw 5,000 Service Workers From Seventy Different Locations Opt-In to the New On-Demand Health Care Program
XTM Inc. (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations and mobile solutions specifically for service industries, including hospitality, personal care and service staff, today announced that the Company closed a partnership agreement with Virtual Health Care Provider CloudMD (TSXV: DOC) (OTCQX: DOCRF), enabling them to offer on-demand health care and mental health support to their 200,000 Today Program members.
Read the full story here.
1. Why the U.S. Could Soon Default on Its Debt For the First Time Ever
Prominent Wall Street Investors Are Taking Preemptive Measures to Hedge Against This Potential Economic Disaster
If Congress still hasn’t addressed the debt ceiling crisis by June 1, 2023, the United States could be set to default on its debt for the first time in the nation’s history.
Read the full story here.
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Disclaimer: Wealthy VC does not hold a position in any of the stocks, ETFs or cryptocurrencies mentioned in this article.
