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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The MEWS – the most prestigious metaverse event in the world is set to host the most prestigious B2B event of the year for the international Metaverse & Web3 community as the second MEWS takes place from May 3rd-5th 2023. It will kick off this year’s season of sports, entertainment & philanthropy events on the Cote d’Azur, including Monaco’s Formula E and Grand Prix Formula 1, ATP Rolex Tennis Masters, the Cannes Film Festival and AmFar Gala, and set the eyes of the world upon the Principality…
VCs and private equity have poured millions into startups bringing AI tech to film and TV production. They’re using AI to reduce the cost and time to create special effects like de-aging and film restoration. AI startups disrupting Hollywood include MARZ and Wonder Dynamics, cofounded by “X Men” star Tye Sheridan. Generative AI has spawned a raft of tools with real-life applications to Hollywood — and VCs are getting in on the action.Startups focused on filmed entertainment have raised millions in funding in the past couple of years as investors see the potential for AI tech to dramatically change how TV…
Brooks Scott is a former executive protection manager at Meta (then Facebook) who used to work as a state trooper. As a member of Zuckerberg’s security detail, he’d reached a top position in his industry but knew it wasn’t a good fit. He now loves his executive coaching career and regularly uses wisdom gained in his protection management days. 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 This as-told-to essay is based on a conversation with Brooks E. Scott, founder of Merging Path Coaching…
‘Banking crisis!’ is back in the headlines, and with it a debate about what role banks should really play in an economy, and what should be left to markets. With that in mind, the New York Federal Reserve’s economists have trawled through the history books to find evidence of why they say a “narrow banking” model — where banks play a far more limited role in an economy — is no panacea against periodic bouts of financial turbulence. Specifically, they go back to the failure of Dutch merchant banker Clifford & Sons around Christmas 1772, after it had financed a…
Lawmakers face a lengthy to-do list as they return to the Capitol after a two-week recess to confront a series of critical issues ranging from a looming debt limit crisis to the fallout from a leak of highly classified Pentagon documents. There is still no agreement in sight to raise the debt ceiling despite the threat of economic catastrophe if the issue is not resolved in a matter of months and Republicans are eying passing their own debt ceiling increase paired with spending cuts in an effort to pressure the Biden administration to the negotiating table. House Speaker Kevin McCarthy…
Who are you going to believe, me or your own eyes? The ghost of Chico Marx seems to live on among bond traders, who continue to doubt the Federal Reserve’s resolve to continue its inflation fight into 2024. While the odds of one more quarter-point increase in the federal-funds target at the Fed’s policy meeting on May 2-3 have become a near lock, markets keep pricing in rate reductions in 2023’s second half. That’s contrary to the best guesses of Fed Chairman Jerome Powell and his colleagues that the key policy rate will end the year at 5.1%, which implies…
Oil futures climbed on Wednesday, with a smaller-than-expected rise in the March consumer-price index reading and a potential refill of the U.S. Strategic Petroleum Reserve helping to lift U.S. prices to their highest settlement since November. Oil traders also digested weekly data showing a gain in U.S. crude and declines in gasoline and distillate inventories. Price action West Texas Intermediate crude for May delivery CL.1, -0.64% CL00, -0.64% CLK23, -0.64% rose $1.73, or 2.1%, to settle at $83.26 a barrel on the New York Mercantile Exchange, the highest front-month contract finish since Nov. 16, according to Dow Jones Market Data.…
Nobody fires their financial adviser when the stock market is up. But when times get tough, no adviser does their job well enough.Consumers are as fickle over the managers of their money as the owners of pro sports teams are about the coaches they employ, but the big difference is that in sports there is always a winning team whereas a bad market can make everyone a loser. Warren Buffett has famously said that “only when the tide goes out do you learn who has been swimming naked.” In the world of consumer-adviser relationships, when the tide runs out, the…
U.S. financial regulators appear set to tighten the screws further on the digital asset industry, with Securities and Exchange Commission Chairman Gary Gensler taking the lead in an ongoing crackdown on illegal crypto activities. The SEC voted Friday to issue supplemental guidelines on how a proposed update of securities-exchange regulations would impact crypto markets broadly and decentralized finance (DeFi) applications in particular. Gensler said that the supplemental release seeks to answer questions crypto market participants have about the rule proposal, but he also stressed that many crypto companies are already breaking securities laws, regardless of whether the rule under consideration…
