Qualcomm has introduced a new smartphone processor designed to enhance mobile capabilities with laptop-level performance, featuring its in-house Oryon design. The latest Snapdragon chip boasts a 45% increase in speed compared to its predecessor while consuming less energy, enabling better utilization of emerging artificial intelligence tools.
One of the four accounts on Polymarket, which has been driving speculation about a Trump election victory, has significantly increased its bets. The potential payout if Trump wins has surged from $30 million on Friday to nearly $43 million by Monday morning, as indicated by Polymarket's activity tracker.
A nonpartisan budget group warns that Donald Trump's campaign proposals could make Social Security insolvent in just six years, accelerating its depletion timeline and increasing its cash shortfall by trillions. While both Trump and Kamala Harris claim to protect the program, Trump's tax cuts and immigration policies may significantly impact its finances. The findings highlight the urgent need for detailed reform plans from both campaigns as the funding depletion dates approach.
Donald Trump's tax reform proposals could exempt approximately 93.2 million Americans from income taxes, including those receiving Social Security benefits, tips, and certain occupations like firefighters and police officers. His plan aims to replace income tax revenue with tariffs, specifically a 20% universal tariff on imports, though experts argue this approach may not generate sufficient revenue. The overall tax changes could reduce federal revenue by an estimated $3 trillion from 2025 to 2034, raising concerns about the feasibility of such a shift away from the income tax system.
As the holiday season approaches, 28% of credit card users are still grappling with last year's debt, highlighting the financial strain of gift-giving and travel. With spending expected to reach nearly $1 trillion, experts advise setting budgets, tracking expenses, and starting shopping early to avoid accumulating new debt. Creative alternatives to traditional gifts, such as homemade items or shared family funds, can also help manage costs effectively.
Family offices are increasingly seeking private, peer-focused gatherings, leading to collaborations with universities like Wharton and Chicago Booth, which are launching initiatives to train future leaders in this growing sector. With over 8,000 family offices managing assets projected to exceed $5.4 trillion by 2030, these programs emphasize rigorous research and address the unique challenges faced by family offices, including the importance of human dynamics over traditional investment strategies.
Health tech companies CopilotIQ and Biofourmis have merged to enhance in-home care solutions, combining CopilotIQ's remote health monitoring for chronic conditions with Biofourmis' virtual and in-person care services. The all-stock deal, supported by significant investment, aims to create an AI-driven platform that streamlines patient care across the continuum, addressing challenges faced by hospitals and payors in managing multiple solutions. The merger positions the new entity for growth and profitability in the expanding market for home-based healthcare.
The "Trump Trade" reflects market optimism with rising equity indices, the dollar, and interest rates, driven by expectations of fiscal stimulus and regulatory relief under Donald Trump. Despite his polling resurgence above 48% in October, Kamala Harris maintains a slight lead, highlighting a potential psychological bias in market behavior.
Microsoft has unveiled a suite of ten autonomous AI agents for its Dynamics 365 platform, intensifying competition with Salesforce's Agentforce. These agents, designed to enhance business processes across various teams, leverage advanced language models and enterprise data, aiming to redefine the future of work while addressing challenges like data privacy and job displacement.
Current market conditions present an attractive opportunity for mezzanine debt investments, particularly given a 20% decline in property values. This unlevered approach offers equity-like returns with reduced credit risk, as traditional lenders become more selective. With over $2 trillion in real estate debt maturing in the next three years, investors can capitalize on the de-leveraging trend without relying on property price appreciation.
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