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Bridgewater's Ray Dalio: invest in gold and bitcoin rather than debt assets

Billionaire investor Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates, said he would invest in "hard money" like gold and bitcoin while avoiding debt assets, as most major economies face rising indebtedness problems. "I believe that there would likely be a pending debt money problem," he said in a speech at a financial conference in Abu Dhabi on Tuesday. "I want to steer away from debt assets like bonds and debt, and have some hard money like gold and bitcoin." Gold an

Oracle revenue misses Wall Street estimates amid stiff cloud competition

(Reuters) -Oracle's second-quarter revenue grew less than Wall Street expected on Monday, hit by stiff competition among database and cloud services providers, sending its shares down more than 7% in extended trading. While seeing healthy growth in its cloud segment, Oracle competes with cloud heavyweights such as Microsoft and Amazon, which have established a large presence in the field. Wall Street expectations for AI-linked firms have been high as they bet on the technology to be a strong growth driver in the future.