Microsoft CEO Satya Nadella has announced AI-powered updates to Bing and Edge, calling them "the biggest thing" to happen
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2023-02-08 | Sign Up | View Online
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Business & Stocks 🏢
Microsoft CEO calls AI-powered search biggest thing for company since cloud 15 years ago (2 min read)

Microsoft CEO Satya Nadella has announced AI-powered updates to Bing and Edge, calling them "the biggest thing" to happen to the company since he became CEO in 2014. Bing, the distant second to Google in the search engine market, will now allow users to chat for more detailed answers. The updates have been influenced by Microsoft's investment in OpenAI and some of its language technologies being incorporated into Bing, presenting a big opportunity in the profitable search business.
Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy (2 min read)

Bed Bath & Beyond is expecting to receive $1 billion in equity and a $100 million loan to help avoid bankruptcy. The cash will be used to pay off debts and for a turnaround attempt. If the deal fails, it will likely file for bankruptcy. Analysts predict the company will still struggle even with the funding, due to its weak balance sheet and "fundamentally broken" business. Shares of Bed Bath & Beyond, a meme stock favorite, fell nearly 50% on Tuesday after surging more than 100% on Monday.
Markets & Economy 📈
Fed Chair Powell says 'disinflationary process has begun' in the US economy (3 min read)

Federal Reserve Chair Jerome Powell says the US economy has begun a disinflationary process, but additional rate hikes will be necessary to bring inflation back to its 2% target. Powell stressed that the strong labor market shows why the disinflation will take a long time and will not be smooth. He emphasized that the 2% target remains firm and reaching it may extend into next year. Despite his dovish comments, US stock markets rallied but gave up some of the gains before the market closed.
Goldman Cuts Recession Odds To 25% (2 min read)

Goldman Sachs economists have reduced their estimate for the risk of a US recession to 25% from 35% due to continued strength in the job market and improvement in business sentiment. The economy is also expected to benefit from a rapid slowdown in inflation, cooling wage growth, and better-than-expected growth in major economies such as the euro area and China. The resilience of the economy is expected to support cyclical assets, but high equity valuations may limit the upside for investors.
Funds & ETFs 📊
4 ETFs For Adding A 10% Yield To Your Portfolio (7 min read)

This article is a follow-up on another article by the same author where he recommended 4 ETFs that yield more than 10% and could potentially fit in a retirement portfolio. The author highlighted another 4 ETFs with yields just as high, but the underlying strategies are mostly targeting narrower markets and niches. They are iShares Emerging Markets Dividend ETF (DVYE), Global X S&P 500 Risk Managed Income ETF (XRMI), Global X SuperDividend ETF (SDIV), and VanEck BDC Income ETF (BIZD).
10 ETF Investment Strategies and How They Work (7 min read)

There are thousands of ETFs in various categories for various investment styles, including dollar-cost averaging, dividend investing, hedging, buy-and-hold investing, asset allocation, sector rotation, swing trading, leveraging, short-selling, and thematic investing. Choosing the appropriate strategy will largely depend on individual investors’ investing goals. Details on how each ETF investment strategy works are available in the article.
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