Author: Press Room

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Technology is growing at a blazing pace. In the last decade, we have experienced the rise of artificial intelligence, more conversations and initiatives toward a greener atmosphere, better electoral systems, and several others.However, the one that has seen the most impact has been blockchain technology. Unceremoniously introduced by the Bitcoin network, the decentralized ledger system has gone on to disrupt several key industries beginning with finance, real estate, medicine and healthcare, gaming, entertainment, and the internet.Blockchain technology is now changing the very face of how employers and employees will relate in the coming years. This change is coming into the freelance space…

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Private lenders, Wall Street’s dealmakers du jour, are investing across media and entertainment. Investors said they are cautious about new scripted projects and bullish on tech offerings. Dealmakers are treading carefully as defaults on these types of loans tick up across industries. Flush with cash and buoyed by investors’ growing interest in private debt, asset managers have piled into the business of lending to privately held media companies. Private credit assets under management in media swelled to nearly $80 billion in mid-2022 from some $31 billion in 2018, according to an analysis by the data firm Preqin for Insider.Entertainment and…

Burglars made off with more than 400 iPhones from an Apple store in Washington, police said.  They got into the store by cutting a hole in the bathroom wall of a neighboring store, police said. The National Retail Federation has said organized retail crime is on the rise, growing by more than 26% in 2021.  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 Burglars stole an entire wall of iPhones at an Apple Store outside Seattle after they cut a hole through a bathroom…

Introduction I have been a shareholder of the preferred shares of Seapeak (NYSE:SEAL.PA) (NYSE:SEAL.PB) for several years now. Teekay LNG Partners, the original issuer of the preferred shares, was taken private by Stonepeak, a private equity firm. While I’m usually very cautious when I see a PE firm taking the reins at a company and don’t exercise their right to call the preferred shares, pretty much every single decision made by Stonepeak appears to be in the interest of Seapeak LLC. And much to my surprise, preferred shareholders are now in a better spot than (ever) before as the private…

Iraq has demanded an apology from Turkey over a drone strike that targeted a Syrian Kurdish leader who is a key western ally in the fight against Islamic State.Iraq’s president on Saturday called the attack on Friday a “flagrant aggression on Iraq and its sovereignty”. “In this regard we call on the Turkish government to take responsibility and present an official apology,” Iraq’s presidency said in a statement, adding that Ankara had no legal justification to continue “terrorising civilians under the pretext that forces hostile to it are present on Iraqi soil”.The strike reportedly targeted Mazloum Abdi, the commander-in-chief of…

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. After writing several previous newsletters on the stunning rise in opioid overdoses in the US, including among adolescents, I thought it was worth taking a look at what happens after an overdose, particularly for adolescents. I talked to Dr. Sivabalaji Kaliamurthy about what he’s encountering. A child and adolescent addiction psychiatrist who is board certified in general psychiatry, child psychiatry and addiction psychiatry, Kaliamurthy is also the director of the addiction clinic at Children’s National Hospital in Washington,…

Actively-managed mutual funds in the U.S. weren’t ready for the stock-market’s “big rally” in the first quarter, according to BofA Global Research.   The rally “caught active funds off guard,” with just 33% of large-capitalization funds beating their Russell 1000 benchmarks in the first quarter, BofA equity and quant strategists led by Savita Subramanian said in an April 4 note. That was their “worst quarterly hit rate” since the fourth quarter of 2020, they said.  The U.S. stock market rose in the first three months of 2023, including in March despite the volatility sparked by the sudden collapse of Silicon Valley…

Shares of Netflix Inc. got a boost Thursday, after the streaming video giant’s credit rating was lifted out of “junk” territory at Moody’s Investors Service, matching S&P Global Ratings’s move more than a year ago. The rule of thumb is, if at least two of the major credit-rating agencies rate a company’s credit as investment grade, then that company’s credit is “officially” considered to be investment grade. Moody’s said late Wednesday that it raised the rating on Netflix’s NFLX, -0.88% senior unsecured notes to Baa3, which is the lowest investment-grade rating, from Ba1, which is the highest speculative grade, or…