Author: Press Room
Even with signs that the Federal Reserve’s harsh strategy to combat inflation is beginning to bear fruit, there is a lot to be said for the lessons investors learned in 2022 — especially those investors who didn’t live through the economic turmoil of the 1970s. David Schassler, who manages the VanEck Inflation Allocation ETF RAAX, is understandably dedicated to a strategy that lowers investors’ inflation risk, but he also makes a good case for keeping some of a long-term investment portfolio focused on the types of “real assets”… Read the full article here
The numbers: Total bank lending rose to $12.09 trillion in the seven days ended April 12 from $12.08 trillion in the prior week, the Federal Reserve reported Friday. This is the second straight weekly increase. Deposits at banks fell to $17.18 trillion from $17.26 trillion in the prior week. They are down from $17.43 billion over the past month. All… Read the full article here
© Reuters. FILE PHOTO: A security guard stands watch by the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva By Katie Paul and Yuvraj Malik (Reuters) – Meta Platforms Inc (NASDAQ:) on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark Zuckerberg further moved to streamline the business in a bid to make 2023 a “year of efficiency.” Meta in March became the first Big Tech company to announce a second round of mass layoffs,…
By Sabrina Valle HOUSTON (Reuters) – The two largest U.S. oil companies are road testing renewable gasoline blends that they say could bring down emissions from conventional autos to levels competitive with electric vehicles (EVs). The fuels being promoted by Chevron Corp (NYSE:) and Exxon Mobil Corp (NYSE:), if made commercially available, potentially would extend the life of the gasoline market as part of the world’s transition to cleaner fuels and electric vehicles. “We really believe there has to be alternatives for the light duty vehicle,” Chevron President of Americas Products Andy Walz said at an event on Wednesday to…
A Utah CEO who is demanding that many of his remote employees start working in the company’s offices says staff members must make sacrifices, and questions whether people who serve as primary caregivers for their children, specifically working mothers and single mothers, are doing right by both their employers and their children. The remarks at a company town hall by James Clarke, CEO of digital marketing and technology company Clearlink, have gone viral with posts of an edited version of the comments on Reddit and YouTube. In his remarks, Clarke also mentioned an unnamed employee who he said decided to…
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The metaverse represents a digital realm meticulously designed to fuse our physical existence with the virtual world, fostering a vibrant community where individuals can engage, collaborate, transact, and unwind.Even in its infancy, the digital cosmos has experienced remarkable expansion, with projections estimating its value at a staggering $996.42 billion by 2030. This meteoric rise has catalyzed the integration of the metaverse into numerous cryptocurrency ventures, one of which is RobotEra. This trailblazing gaming platform combines the metaverse landscape with a play-to-earn (P2E) model, delivering a truly immersive experience for players worldwide.With its enthralling sandbox-style environment and vast potential capabilities, RobotEra has piqued…
Elon Musk’s new AI researcher Igor Babuschkin was arrested in March in a domestic violence case. Musk reportedly hired Babuschkin as part of a push to develop a competitor to OpenAI’s ChatGPT. Twitter brought on Babuschkin, a DeepMind alum, as senior director of engineering, Insider previously reported. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Igor Babuschkin, one of Twitter’s engineering hires who Elon Musk is reportedly hoping can help him build a competitor to OpenAI’s ChatGPT, was arrested in March in what police…
Mike Lynch, the billionaire founder of software maker Autonomy, on Friday lost a High Court fight to appeal against his extradition to the US where he faces a trial on criminal charges linked to the $11bn takeover of the company by Hewlett-Packard more than a decade ago. Lynch had applied to the English court as part of his fight to overturn a 2021 ruling in relation to the extradition, which has already been approved by the home secretary. However, two judges in London rejected his arguments and upheld the earlier decision.The ruling will come as a blow to Lynch, who…
The Supreme Court that erased a constitutional right to abortion 10 months ago took a breath on Friday. In a brief order, over only two publicly dissenting justices, the majority preserved the current law and present-day access to medication abortion. That is the predominant method, in contrast to surgical abortion, used by women in the US seeking to end a pregnancy in the early stages. The majority separated itself from individual lower court judges – all appointees of former President Donald Trump – who this month had demonstrated a zeal to further reduce access to abortion across the country. The…
