Finance

Ray Dalio Unveils Fresh Tips for Aspiring Investors

If you're keeping an eye on the trending stocks, like the Magnificent Seven, you’ve likely seen them surge recently.

However, Ray Dalio, founder of Bridgewater Associates, warned during a conversation with Yahoo Finance Executive Editor Brian Sozzi on the Opening Bid podcast that it’s reminiscent of the internet and dot-com boom. The two spoke at the World Economic Forum in Davos, Switzerland, where Dalio shared insights on everything from leadership to his personal investing principles.

With five decades of market experience, Dalio has a unique perspective. He founded Bridgewater in 1975 and built it from a small operation in a two-bedroom apartment into one of the most influential firms in the U.S., ranked fifth by Fortune.

Known for his steadfast principles, Dalio has written several books on the topic, including his upcoming release, How Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do, due out in September.

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TECH

Tech’s Dilemma: Obey the Law or Side with Trump Over TikTok?

For over six years, Amazon Web Services, the largest cloud computing provider globally, had been supporting the delivery of TikTok videos to millions of Americans.

However, over the weekend, Amazon found itself in a bind. A new law banning TikTok, owned by the Chinese company ByteDance, was set to take effect in the U.S., prohibiting tech companies from distributing or updating the app under threat of financial penalties. At the same time, President-elect Donald J. Trump told tech companies he intended to pause the enforcement of the law with an executive order.

Just hours before the ban was to take effect, Amazon appeared to comply with the law, based on a review by The New York Times of TikTok's web traffic handling. Instead of continuing to provide support, Akamai Technologies, a Massachusetts-based company already assisting with the delivery of TikTok videos, took over more of the technical responsibilities. This shift, identified through digital forensics by The Times, was one of the many behind-the-scenes moves highlighting the differing strategies tech companies were taking in response to the TikTok ban.

CRYPTO

Former Trump Insider Warns: Trump's Crypto Coin Could Threaten U.S. Security

Jack O'Donnell, former President and COO of Trump Plaza and Casino, joined CNN’s Erin Burnett to discuss concerns about former President Donald Trump’s involvement in cryptocurrency. O'Donnell warned that such a move could pose serious risks to national security, highlighting the lack of regulation in the crypto space and the potential for exploitation by bad actors. He stressed that Trump's influence, combined with the volatile nature of cryptocurrency, could lead to unintended consequences for both U.S. financial stability and global security.