Author: Press Room
Watch full video on YouTube
The cryptocurrency market has been factoring in the recently released US CPI figures, which have underperformed expectations. Many speculate on how this crucial economic indicator will impact Bitcoin’s price trajectory.In this article, we will delve into the potential implications of the inflation report on Bitcoin’s price, evaluating various factors that may contribute to an upswing or a continued downturn in the digital currency’s value.Slowing Inflation: US Consumer Price Increases Ease in MarchUS consumer price increases slowed down in March compared to the high levels seen last summer. According to the Bureau of Labor Statistics, annual inflation measured by the Consumer…
Hiya! Dan DeFrancesco in NYC. We’re still taking nominations for our 2023 rising stars of equity research, but time is running out. Click here to learn more about how to nominate someone. And check out last year’s list here.Today, we’ve got stories on a bootcamp for aspiring buy-side analysts, JPMorgan’s Jamie Dimon is reportedly getting deposed, and one food reviewer ate every burger on the Wendy’s menu. But first, who are you?If this was forwarded to you, sign up here. Download Insider’s app here.1. Fintech’s fraud misfortune. Move fast and break things.It’s a phrase you’ve probably heard if you’ve spent time with…
Legal generative AI startup Harvey has raised a funding round from Sequoia, Insider has learned. This funding round landed the startup a $150 million post-money valuation. Despite its rich price tag, the startup serves relatively few customers, one source told Insider. Industry-specific generative AI startups have emerged in nearly every industry, from healthcare to gaming, to offer specialized services beyond the capabilities of general models like OpenAI’s GPT-4.One of the buzziest verticals for this technology has been law, which has seen the rise of up-and-comers like EvenUp, whose mission to offer AI to personal injury lawyers recently landed it a…
By Breakingviews Gary Nagle is sugaring the pill. The boss of $74 billion Swiss trader-miner Glencore (OTCPK:GLCNF)(OTCPK:GLNCY) on Tuesday tangibly sweetened the terms of his $22.5 billion deal to acquire Canada’s Teck Resources (TECK)(TECK.B:CA). The shareholders he’s trying to win over may still find the overall taste too bitter, though. Nagle’s initial plan, outlined on April 3, would give Teck investors 24% of a huge miner focused on energy transition metals like copper, and a similar proportion of the two companies’ merged coal operations, which would later be spun off. Teck, meanwhile, has a pre-existing scheme to split its own…
Goldman Sachs has made several leadership changes in its global equities trading business following the departure of one of the division’s biggest money spinners last month, the bank told employees in an internal memo on Wednesday. The staffing changes include Dmitri Potishko and Erdit Hoxha becoming co-heads of Goldman’s global flow derivatives and emerging markets trading, the bank said in the memo, a copy of which was seen by the Financial Times. The bank confirmed the contents of the memo. The purpose of the reshuffle is to replace the hole left by the departure of Joe Montesano, formerly Goldman’s head…
US forces captured an ISIS operative and two of his associates in eastern Syria on Saturday evening, the US military announced on Wednesday. The operative, Hudayfah al Yemeni, is an “ISIS attack facilitator,” a news release from US Central Command said. He and his associates were captured by US forces during a helicopter raid on Saturday. Their capture will “disrupt” ISIS’ “ability to plot and carry out operations,” according to the release. “Operations against ISIS are important for the security and stability of the region,” Col. Joe Buccino, a CENTCOM spokesperson, said in the release on Wednesday. “ISIS remains a…
BlackRock has upped its overweight of inflation-linked bonds, a move the giant asset manager said it made in March to “quickly take advantage” of the market pricing in a lower cost of living despite persistent price pressures. Last month bond yields dropped after the sudden failure of Silicon Valley Bank and Signature Bank, as investors bet the fallout would lead the Federal Reserve to pivot from interest rate hikes and battling inflation to rate cuts in an anticipated recession. “U.S…. Read the full article here
Shares of Innovative Eyewear Inc. LUCY blasted 115.8% higher in active premarket trading Tuesday, after the seller of smart eyewear launched a new Lucyd app that enables a voice interface for ChatGPT. Trading volume spiked up to 7.4 million shares ahead of the open, compared with the full-day average of about 56,200 shares. The company said it believes the new app “may generate substantial revenue” from smart eyewear and app sales. “We are excited to be the first company to provide ChatGPT enabled smart eyewear,” said Chief Executive Harrison Gross. “With our new Lucyd app, which is free to our…
This is reprinted by permission from . During the early days of the COVID-19 pandemic, the sudden shift to remote work for many launched a wave of think pieces about whether the trend would keep up once the threat of the coronavirus was less imminent. Now, as the Biden administration plans to end the public health emergency come May, recent federal data has the answer: Sort of. Remote… Read the full article here
