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The Nasdaq took a significant plunge on Wednesday driven by falling tech stocks as fears mounted over potential new restrictions on semiconductor exports to China. The sell-off was triggered by a Bloomberg report suggesting Joe Biden administration is considering implementing sweeping regulations to further limit sales of critical chipmaking equipment to China. The Philadelphia Semiconductor Index experienced its most substantial one-day decline since the COVID-19 pandemic, plummeting 6.8%. One day’s trading saw $500 billion in market value from chip-related stocks wiped out. Yet, despite the setback, the index remains up 30% for the y...... Read Full article on HadNews

Former President Donald Trump's re-election campaign is gaining significant financial support from some of the wealthiest individuals in the country. In a recent report by Forbes, it was revealed that Trump's 10 biggest billionaire donors are pouring millions of dollars into his campaign, despite receiving nothing in return. These billionaire donors, including individuals such as McMahon, Mellon, and Uiehlein, are committed to putting Trump back in the White House, regardless of the cost. Their generous contributions are fueling Trump's campaign and helping to solidify his position as a formidable candidate in the upcoming election. While s...... Read Full article on HadNews

In light of the potential ban on TikTok in the U.S., the popular social media platform's e-commerce feature, TikTok Shop, continues to thrive. The recent signing of a law by the president has raised concerns about the future of TikTok, but the shopping feature remains accessible and in full swing. Despite the uncertainty surrounding TikTok's future, Chinese e-commerce giants like Temu and Shein stand to benefit the most if the app is banned in the U.S. With TikTok Shop's increasing popularity, these companies could potentially fill the gap left by TikTok's absence and capture a larger share of the market. Bytedance, the parent company of Ti...... Read Full article on HadNews

In a world where success and wealth often go hand in hand, it's inspiring to see a new generation of self-made women rising to the top. Forbes recently released a list of the 5 richest self-made women under 40, highlighting entrepreneurs, executives, and entertainers who are breaking barriers in both business and entertainment. Among those featured on the list are household names like Taylor Swift and Kylie Jenner, who have not only achieved immense success in their respective industries but have also managed to build their fortunes from the ground up. These women are not just riding on the coattails of their famous last names, but are carvi...... Read Full article on HadNews

The CEO of OpenAI, Sam Altman, is seeking a $7 trillion investment to overhaul the world’s semiconductor industry, reports The Wall Street Journal. Semiconductor chips are a hugely limiting factor in the world of artificial intelligence (AI) development due to the extremely high computing power needed to train AI models. With this investment, Altman is looking to negate a factor that significantly limits OpenAI’s growth potential. Despite huge investment and strategic focus from the US government, the semiconductor chip industry is complex. Due to its strategic value and the importance of chips to AI development, it is a highly regulat...... Read Full article on HadNews

Investing can seem like a daunting and scary concept, but it doesn't have to be! In the video "How to Invest for Beginners 2024," the host breaks down every step of the investing process so that you can learn how to invest your own money. The video covers important topics such as why you need to invest, what investing actually is, where to invest, when to invest, and how to invest. The host even provides a live example of investing to show viewers how it's done. The video starts by discussing what investing actually is. It's all about making your money work for you and allowing it to grow over time. The host emphasizes the fact that by not i...... Read Full article on HadNews

Microsoft’s market cap briefly exceeded $3 trillion for the first time in its history on Wednesday, positioning it as the world’s second-largest company in terms of market value, following Apple Inc. Since the beginning of the year, the tech giants have been competing for the top spot, with the iPhone maker temporarily capitulating its position to the Washington-based firm on January 12th. Microsoft stocks climbed more than 1% and hit a record high of $405.15 as investors rallied around the company’s expansion into AI. According to CNBC, the shares are reportedly up more than 7% year to date. Apple became the first company to hit $3 tr...... Read Full article on HadNews