Author: Press Room
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. There’s been a seismic shift in investor perspective: Bad news is no longer good news. For the past year, Wall Street has hoped for cool monthly economic data that would encourage the Federal Reserve to halt its aggressive pace of interest rate hikes to tame inflation. But at its March meeting — just days after a series of bank failures raised concerns about…
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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Investors closely observing the charts over the past year will have been discouraged by the performances of popular altcoins like Chainlink (LINK) and Polkadot (DOT). But with the new utility-based token Collateral Network (COLT), which is set to deliver yields of as high as 3500% to savvy investors, the stage is set for what will clearly be one of the biggest crypto presales of 2023.>>BUY COLT TOKENS NOW<<Chainlink (LINK)The Chainlink (LINK) blockchain uses cryptographic proofs, decentralization, and trusted nodes to connect highly accurate data or APIs to…
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Sam Bankman-Fried and Ye, formerly known as Kanye West, have dropped off Forbes’ billionaire list. Bankman-Fried’s net worth tumbled from $24 billion in 2022 to less than $10 million, per Forbes. Ye’s total wealth dropped to around $400 million from $2 billion. 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 Some notable figures have dropped off Forbes’ annual billionaires list.Failed crypto-founder Sam Bankman-Fried, along with Ye, formerly known as Kanye West, were bumped off the list after a series of public controversies last year. Bankman-Fried’s…
An Australian mayor may sue OpenAI after ChatGPT said he’d been jailed for a bribery scandal. However, Brian Hood had not been charged and was instead a whistleblower. Hood told Australia’s ABC News he was “horrified” that ChatGPT had been saying he’d been convicted. 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 An Australian mayor says he’s preparing to potentially sue OpenAI. The defamation lawsuit, if filed, would likely be the first against the Microsoft-backed tech company over its ChatGPT generative AI platform, which…
~ by Snehasish Chaudhuri, MBA (Finance) Virtus AllianzGI Diversified Income & Convertible Fund (NYSE:ACV) is a closed-ended balanced mutual fund that invests three-fifths of its portfolio in three of the potential high growth sectors of information & communication technology (ICT), healthcare, and financial. Majority of its assets are invested in convertible securities. Currently this proportion is 61.33 percent. ACV aims to generate strong and stable total returns over the long term. It has been able to achieve the desired results through generating a trailing twelve-month yield of 12.6 percent and recorded an annual average total return of 25 percent during…
Tesla has announced plans to build a factory in Shanghai to produce its Megapack energy storage system, as chief executive Elon Musk resists rising opposition in Washington to US technology companies investing in China.Tesla’s Megapack system provides lithium-ion battery packs to help store renewable energy for electricity grids and represents a key driver for its energy storage and generation business. The electric-vehicle maker said at a signing ceremony in the Chinese city, that construction of its new plant was planned for the third quarter of this year, with production scheduled to begin in the second quarter of 2024.Tesla expects the…
Clarence Thomas defends lavish vacations. Hear AOC’s responseRep. Alexandria Ocasio-Cortez (D-NY) joins CNN’s Dana Bash after ProPublica’s report stated that Justice Clarence Thomas and his wife, conservative activist Ginni Thomas, have gone on several luxury trips involving travel subsidized by and stays at properties owned by a GOP megadonor. Read the full article here
With the best-case scenario for bank stocks this earnings season being the proverbial “better than feared,” investors may want to ponder what the industry will look like in the future to find today’s opportunities. Here’s a hint: Expect a wave of consolidation after there’s a bit more distance from last month’s collapse of Silicon Valley Bank and Signature Bank. It’s long been said that the U.S. is overbanked compared with the rest of the world. We lead with 4,135 banking institutions, according to the Federal Deposit Insurance Corp. The United Kingdom comes in a distant second with 311, and the…
