Source: PaxForex Premium Analytics Portal, Fundamental Insight In January, Microsoft made waves in the technology sector with the announcement of a substantial $10 billion investment in the prominent artificial intelligence (AI) startup, OpenAI. This marked Microsoft's second significant backing of the venture, following an initial injection of $1 billion in 2019, bringing its total investment in OpenAI to an estimated $13 billion. At the core of any nascent company lies its founding team. In OpenAI's case, 12 individuals,...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The final Singapore GDP for the third quarter increased by 1.4% quarterly and 1.1% annualized. Economists predicted a rise of 1.1% and 0.7%. Forex traders can compare this to the Singapore GDP for the second quarter, which expanded by 0.1% quarterly and 0.5% annualized. The Singapore Current Account for the third quarter came in at S$30.07B. Forex traders can compare this to the Singapore Current Account for the second quarter, reported at S$31.53B. US Preliminary Durable...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Wall Street expressed disappointment with Walmart's latest earnings update, especially given its timing on the verge of the crucial holiday shopping season. Professional traders had anticipated a more optimistic outlook from the management team regarding short-term growth. However, despite the initial market reaction, Walmart's report revealed a positive trajectory by raising its 2023 outlook for a second consecutive quarter. Notably, the company exhibited promising...
Source: PaxForex Premium Analytics Portal, Fundamental Insight The New Zealand Trade Balance for October came in at -NZ$1,709M monthly and at -NZ$14,810M annualized. Forex traders can compare this to the New Zealand Trade Balance for September, reported at -NZ$2,425M monthly and -NZ$15,410M annualized. Exports for October came in at NZ$5.40B, and Imports at NZ$7.11B. Forex traders can compare this to Exports for September, reported at NZ$4.77B, and Imports at NZ$7.19B. New Zealand Credit Card Spending for October decreased by 2.9%...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Investing in dividend stocks presents various advantages for investors. These stocks can offer a source of income, enhance returns through dividend reinvestment plans, serve as a hedge against inflation and economic downturns, and, notably, exhibit the potential to outperform broader markets with relatively low risk and volatility. However, it's crucial to recognize that not all dividend stocks make excellent investments. Companies undergoing strategic shifts may find...