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Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. One of the Newtonian laws of Big Oil physics is getting flipped on its head. Historically speaking, when oil prices rise, shares of oil majors tend to rise with them. But as oil prices spike amid the US-Israel conflict with Iran, shares of major oil firms have barely budged. Consider it a sign of the sheer disruptive scale of the Middle East war, and the unprecedented coordinated response it has sparked from the world’s energy leaders. Sign up for The…

Stock futures tumbled after hours on Wednesday, building on earlier losses for the S&P 500 and Dow Jones Industrial Average, as crude-oil prices pressed higher.

Presearch (https://presearch.com/), the privacy-centric, non-profiling engine, today announced that its Series II Node NFT Auction sold out, generating more than 8.5 million PRE in total proceeds, which is more than double the nearly 4 million PRE raised in the inaugural auction, marking the largest deflationary event in PRE’s history. The auctions have distributed 418 Node License NFTs, with every node clearing above its reserve price despite reserves being increased by 50% compared with the previous sale. The event also drew 127 unique bidders, doubling participation from the first node auction and signaling accelerating demand for infrastructure supporting the Presearch network.…

After retreating back to the $69,000 area during early U.S. morning hours Wednesday, bitcoin BTC$70,754.92 has quickly spiked to nearly $71,000.Other crypto assets, including ether (ETH), solana (SOL) and XRP, saw the same sharp moves higher.The gains appeared to come as crude oil quickly reversed most of its session’s large gains, dropping $3 per barrel in a matter of minutes. At press time, WTI crude futures for April were at $85, up 2% for the day.Crude’s drop also benefited stocks, with the Nasdaq moving from a small decline to a gain of 0.5% in early U.S. trade.Crypto-related shares were mixed,…

I spend a lot of time talking to retirees about their spending plans. Many of them proudly tell me that they’re spending far less than the 3%-4% initial withdrawal amounts that are often bandied about in the context of safe spending rates. They tell me they’ve been good savers, they’re frugal, they don’t need more. Underspending seems to be part of their identities. Those are all laudable things. But they make me think of the interplay between underspending and the potential for leftover amounts at the end of life. The fact that underspending tends to lead to big residual balances…

Americans are opting out of the Affordable Care Act, and health insurance companies are taking a financial hit.

SquareFi, the financial infrastructure for global business payments, today emerged from stealth to enable Fintechs and global platforms to move money faster, launch financial products quickly, and operate across 150+ countries with support for 25+ currencies.  “Stablecoins will be the backbone of the modern financial system,” said Denis Spasibo, CEO & Co-founder, SquareFi. “In our conversations with businesses, the same challenge kept coming up: they couldn’t easily connect money, stablecoins, and payments, and ensure compliance. We built the infrastructure to make all of these systems work together, and the growth we’ve witnessed proves that this gap is real and urgent.” …

Crypto market strength extended into Tuesday, with bitcoin BTC$70,747.45 gaining by 3.9% since midnight UTC to trade at $71,000 while ether (ETH) is back above $2,000, a level it recently had problems surpassing.Crypto was not alone in its ascent. U.S. equities and precious metals also after U.S. President Donald Trump said the war in Iran would come to an end “very soon.” The dollar and oil gave back much of their gains of the past week.The Dollar Index (DXY) briefly traded as high as 99.7 on Monday, and is now at 98.5. The crypto market is inversely correlated to the…

Oracle’s stock has been pressured over concerns about whether its AI spending will yield the necessary returns.

The U.S. tax code is designed to collect higher taxes from households with higher incomes. With tax brackets ranging from 10% on the lower-income side to 37% for the wealthiest, “higher-income Americans tend to face higher marginal tax rates and pay more in federal income taxes,” the nonprofit Tax Foundation says. So, why do we hear about the wealthy paying less tax? To understand how millionaires often reduce their taxes, it’s helpful to look at the strategies and advice they receive. Here are some of the tax tricks millionaires use to lower their tax burden. Read more: How billionaires get…