a "picks-and-shovels" business is one that supplies essential equipment to companies in an industry, rather than the industry's end product. The term was coined during the Californian gold rush of ...

“And the shovel makers and the ones that sell us the equipment are still making the most money,” Prebalick added with a chuckle. Like many get-rich-quick quests, the California gold rush ...

Some of the world’s largest banks and fintechs are rushing to launch their own stablecoins, aiming to grab a slice of a cross-border payments market they expect will be redrawn by cryptocurrencies.

What Happened: APART AI is currently favoring the automotive sector, companies providing the “shovels” for the AI gold rush, and capital goods industries as top picks for 2025, suggesting that ...