Stocks Rise to Close Out a Volatile Week. Tech Stocks Lead.
Comments from the Fed chair were a reminder that the central bank is adamant about keeping a lid on inflation—and economic demand. 4 min
Comments from the Fed chair were a reminder that the central bank is adamant about keeping a lid on inflation—and economic demand. 4 min
This week The World Economic Forum are highlighting 4 top stories:
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
UP AND DOWN WALL STREET
Randall W. Forsyth
TECHNOLOGY TRADER
Eric J. Savitz
THE TRADER
Ben Levisohn
STREETWISE
Jack Hough
THE ECONOMY
Lisa Beilfuss
INCOME INVESTING
Lawrence C. Strauss
Khatuna Jakeli loves snowdrops. Not only because they’re pretty, but because they provide her with an income. Every year in April and May, she treks through the Caucasus mountains of Adjara and collects the wildflower bulbs. The bulbs are then sold to the Netherlands, from where they are shipped to flower stores throughout Europe.
The Caucasus delivers 22 million snowdrops to the Netherlands every year, including 15 million wild snowdrops. A lucrative business, from which little remains for Khatuna Jakeli. Yet it is her most important source of income. A report by Juri Rescheto.

Jun 9th 2022ShareGive
Picture a computer that could finish your sentences, using a better turn of phrase; or use a snatch of melody to compose music that sounds as if you wrote it (though you never would have); or solve a problem by creating hundreds of lines of computer code—leaving you to focus on something even harder. In a sense, that computer is merely the descendant of the power looms and steam engines that hastened the Industrial Revolution. But it also belongs to a new class of machine, because it grasps the symbols in language, music and programming and uses them in ways that seem creative. A bit like a human.
The “foundation models” that can do these things represent a breakthrough in artificial intelligence, or ai. They, too, promise a revolution, but this one will affect the high-status brainwork that the Industrial Revolution never touched. There are no guarantees about what lies ahead—after all, ai has stumbled in the past. But it is time to look at the promise and perils of the next big thing in machine intelligence.

Crypto’s Future Is Nothing Like You Imagined. Here’s What Lies Ahead.
Panelists at our inaugural cryptocurrency roundtable offer bold predictions for Bitcoin, stablecoins, blockchain, and more.
The S&P 500 indexrefuses to fall into a bear market—but that doesn’t mean it’s found a bottom just yet.
Not that it wasn’t a painful week. The S&P 500 dropped 3% and has now fallen 18.7% from its Jan. 3 all-time high. A slide of 20%, which it touched Friday before bouncing back, signifies a bear market. The Dow Jones Industrial Average declined 2.9%, its eighth consecutive week of losses, matching its longest losing streak since 1932. The Nasdaq Composite, already in a bear market, slid another 3.8%, and is down 28.2% from…
This week The World Economic Forum are highlighting 4 top stories – green steel that could help save the planet, a device that allows you to feel the Metaverse with your bare hands, a wind turbine that fits in your backpack and jet packs for paramedics on mountains.
Timeline: 00:15 Green Steel 02:09 Feeling the Metaverse 03:10 Backpack Wind Turbines 04:46 Jet Packs for Paramedics
Barron’s Magazine, May 16, 2022 – How Workers Gained Leverage, and Why They Won’t Lose It Soon
Employees in many industries have seized on the pandemic’s upheaval to score higher pay, better benefits, flexible schedules, and more. While some gains will fade, a number of economic and demographic forces suggest workers have the edge.
The aviation industry is keen to reduce its carbon footprint, and big money is being spent developing battery-powered aircraft. Last year, investors poured around $5bn into companies seeking to get manned electric VTOLs – vertical take-off and landing craft – airborne. The technology is improving, but as the FT’s Charlotte Middlehurst reports, there are still major hurdles to overcome.