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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.Revuto, a crypto-based fintech company, has announced its plan to raise $1.75 million for 8% of the equity with a company valuation of $20 million by selling Ordinals on the Bitcoin network. The company offers an ecosystem of products that enables seamless transactions between crypto liquidity and real-world economic transactions. Revuto is designed to provide users with active subscription management using virtual debit cards.According to the Revuto team, the upcoming seed round aims to sell Ordinals exclusively for equity to retail investors who believe in the vision…

JPMorgan’s operating committee says it will mandate MDs come to the office five days a week. JPMorgan CEO Jamie Dimon has been outspoken in his criticism of work-from-home policies. The nation’s largest bank is currently constructing a new headquarters in midtown Manhattan. JPMorgan Chase is abandoning a hybrid attendance policy it adopted during the pandemic and requiring executives to return to the office. It’s a move that could shape the rest of Wall Street’s work-from-home rules. On Wednesday, JPMorgan, the nation’s largest bank by assets, said it will now mandate that all managing directors come to the office five days a…

Elon Musk’s reign of chaos at Twitter may have saved it from collapse, but there’s a long way to go. The Twitter boss said on Tuesday the company is roughly breaking even after drastic cost cutting. But the same aggressive strategy won’t work if he wants to turn a long-term profit. 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 In the nearly six months since Elon Musk’s takeover of Twitter, its employees might be forgiven for feeling like they’re being ruled by a chaos…

JPMorgan Chase was aware by 2006 that Jeffrey Epstein had been accused of paying cash to have “underage girls and young women” brought to his home — seven years before the bank dropped him as a client, legal filings in New York on Wednesday alleged.Mary Erdoes, now head of asset management at the US bank, said under oath in a recent deposition that JPMorgan knew about the accusations by 2006, lawyers wrote in newly unredacted portions of a lawsuit filed against the bank by the US Virgin Islands, where Epstein had a home. “In 2010, JPMorgan compliance officials decided that…

California Democratic Rep. Ro Khanna is calling for California Democratic Sen. Dianne Feinstein to resign – a rare instance of a lawmaker urging a member of their own party to step down from Congress. “It’s time for @SenFeinstein to resign. We need to put the country ahead of personal loyalty. While she has had a lifetime of public service, it is obvious she can no longer fulfill her duties. Not speaking out undermines our credibility as elected representatives of the people,” Khanna said Wednesday on Twitter. The 89-year-old Feinstein announced in early March that she had been hospitalized and was…

Mega retailer Walmart borrowed $5 billion in the corporate bond market on Wednesday, with strong investor demand dialing back borrowing costs for the national chain. Walmart WMT, a big-box retailer with AA credit ratings, was initially expected to raise about $4 billion, but increased its borrowing size and trimmed pricing after order books shaped up to around $20.5 billion, according to Informa Global Markets. “If… Read the full article here

Talk about taking away the punch bowl just as party gets going. Alibaba Group Holding had only just unveiled its new artificial-intelligence product when the Chinese government swooped in to dampen the mood. Alibaba (ticker: BABA) on Tuesday officially announced its long-awaited ChatGPT-style AI system. On the same day, Chinese regulators detailed draft measures for managing generative AI products, including requiring security assessments. Alibaba said it was launching its generative AI system, to be named “Tongyi Qianwen,” which roughly translates as “truth from a thousand questions.”  Alibaba said the system has English and Chinese language capabilities and will initially be…

The numbers: Consumer prices rose a scant 0.1% in March largely because of lower energy costs, but U.S. inflation more broadly was still high and showed little sign of quickly subsiding. Economists polled by the Wall Street Journal had forecast a 0.2% increase in the consumer price index. It was the smallest uptick in three months. The yearly… Read the full article here

© Reuters By Yasin Ebrahim Investing.com — The S&P 500 cut losses Monday as a surge in chip stocks helped offset an Apple-infused stumble in big tech and jitters about further Federal Reserve tightening following a strong March jobs report. The was up 0.1%, the added 0.3%, or 101 points, and the ended flat after falling more than 1% intraday.  Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory. Apple Inc (NASDAQ:) fell more than 1%, with Alphabet Inc (NASDAQ:) and Microsoft Corporation (NASDAQ:) also…