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Market Analysis - Last 7 days

Markets: Stocks were mixed yesterday as investors looked ahead to what today’s government inflation data will bring. Boeing took a dive following reports that the government has opened a criminal probe into the incident in which a door plug blew off one of its planes mid-flight. The stock is down 24% this year.

In the last week, the market has been flat. Meanwhile, the market is up 25% over the past year. Earnings are forecast to grow by 13% annually.

^{Source - https://www.simplywall.st/markets/us}

Market Trends and Economic Outlook

Stock Market Rallies Amid Presidential Election Drama; 4 Factors May Keep The Bulls Running

Tensions run high in presidential election years. Yet the stock market's impressive uptrend since early November seems to press forward an argument: Investing returns can grow no matter who wins.

The case for positive returns in 2024 rests largely on one key factor: optimism over future earnings. Put another way, strong future profit growth sets up reasonable valuations today.

Apple Stock Teeters On Edge Of Losing More Bragging Rights

Losing its long-standing spot as the most valuable S&P 500 stock was Apple's (AAPL) first indignity. But now it's on the cusp of losing the No. 2 spot, too.

Thanks to a 12% drop in its stock this year and an 87% surge by Nvidia (NVDA), Apple is now worth just $2.6 trillion. That's already 14% behind the $3 trillion value of Microsoft (MSFT), the most valuable company in the S&P 500, according to an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge.

Conferences

Canadian Fintech Summit

April 9-10, 2024 Toronto

The Canadian Fintech Summit is an annual gathering of Fintechs, Investors, Enterprises, Financial Institutions, AI enterprises, and Service providers from around the world to learn, engage and build relationships.

FinTech & Emerging Payment Systems

April 9-10, 2024 New York 

ACI’s 8th Annual Legal, Regulatory, and Compliance Forum on Fintech & Emerging Payment Systems will provide in-depth guidance on the latest regulatory developments at the Federal and State Levels that you need to be aware of. Join senior in-house counsel and seasoned private practitioners to discuss the complex landscape facing banks and fintech companies today.

Communities - Let’s Grow Together🌱

Founders Network

For founders, receiving an exclusive invite to join the Founders Network can be an exciting opportunity. This startup community is made up of over 30 global chapters and hundreds of founders who can answer questions and share entrepreneurship experiences. 

Members also gain opportunities to network with investors and attend skill-building workshops. You can apply for an invite, although any potential members must receive an invite from the network or one of its existing members to join.

StartupNation

Entrepreneurs who are just getting started with their ideas or building their businesses can benefit from StartupNation’s resources, including webinars, podcasts, and blogs about business basics. 

New founders can learn how to find and secure funding, calculate estimated business costs, or learn more about marketing products and services. The organization also has a forum for members to connect.

Emerging Technology Review

Oracle Surges to Record High as AI Demand Helps Reignite Cloud Business Momentum

Oracle's shares soared more than 13% to reach a record high on Tuesday, driven by indications of progress in the company's strategy to capture a share of the cloud-computing market, thanks to its partnership with AI chip giant Nvidia.

The database megacorporation also hinted at forthcoming joint announcements with Nvidia, which are expected next week, potentially during the chip firm's GTC developer conference running from March 18 to 21.

Oracle has positioned itself as a low-cost cloud provider, investing billions of dollars in Nvidia chips to bolster its competitiveness against industry giants like Amazon and Microsoft.

Dozens of Top Scientists Sign Effort to Prevent A.I. Bioweapons

Dario Amodei, chief executive of the high-profile AI startup Anthropic, told Congress last year that new AI technology could soon enable unskilled but malevolent individuals to create large-scale biological attacks, such as releasing viruses or toxic substances that cause widespread disease and death.

Senators from both parties were alarmed, while AI researchers in both industry and academia debated the seriousness of the threat.

Space Out

Rocket Lab launches a commercial radar-imaging satellite in a dramatic night launch

On March 12th, Rocket Lab launched a commercial radar-imaging satellite, continuing to expand a constellation. An Electron rocket, carrying one of the Japanese company Synspective's Strix-3 satellites, lifted off from Rocket Lab's New Zealand launch site. The launch occurred at 11:03 a.m. EDT (1503 GMT; 4:03 a.m. local New Zealand time on March 13), 40 minutes into the previously advertised one-hour launch window.

The boiling surface of giant star Betelgeuse may be creating an illusion

It still feels a bit like a science fiction movie, as if we have traveled there to see it up close, and the results are so exciting.

Recent observations of Betelgeuse, a star located in the constellation Orion, have created a mystery surrounding the red supergiant. They suggest it is spinning much faster than a star of its size should be able to.

Now, a team from the Max Planck Institute for Astrophysics, led by Ph.D. student Jing-Ze Ma, may have an explanation for why Betelgeuse appears to be spinning so rapidly. Perhaps, the researchers suggest, it's actually an illusion created by the star's violently boiling surface.

The Crypto State

DeFi (Decentralized Finance) Innovations and Risks

Decentralized finance (DeFi) continues to revolutionize traditional finance by providing open and permissionless access to financial services such as lending, borrowing, and trading. However, the rapid growth of DeFi protocols also raises concerns about security vulnerabilities, smart contract risks, and regulatory compliance.

Deep Dive Into Ethereum’s Transition to Proof-of-Work (POW)

Ethereum, one of the largest cryptocurrencies by market capitalization, is undergoing a significant upgrade known as Ethereum 2.0. This upgrade aims to transition Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. This transition is expected to enhance the Ethereum network's scalability, security, and sustainability.

Startup Spotlight

Introducing Vibrant Planet and Tonal

Vibrant Planet stands out with its innovative cloud-based ecological restoration platform, designed to blend advanced technology with nature's recovery. It features high-tech analytics and strategic planning tools that monitor ecosystem revitalization in real-time, offering a hopeful vision of environmental stewardship and a sustainable future.

Tonal revolutionizes home fitness with its sleek, wall-mounted smart gym system, providing AI-driven personalized workouts. Its minimalist design incorporates virtual coaching and real-time performance metrics, embodying the future of efficient, space-saving personal fitness.

Station3 NYC, nestled in the heart of New York City’s Financial District, is more than just a coworking space – it's a vibrant community hub for entrepreneurs and startups. Our state-of-the-art facilities offer everything you need to thrive, from high-speed internet to fully equipped meeting rooms and cozy lounges. But it's our dynamic events and networking opportunities that truly set us apart, providing valuable connections and fostering personal and professional growth. At Station3, we believe in the power of collaboration and community to drive innovation and success. Join us and be a part of something extraordinary at Station 3. Click here for upcoming events.

That’s a Wrap Slice

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