Microsoft has confirmed a “multibillion-dollar investment” in ChatGPT bot maker OpenAI, making its biggest bet yet that artificial intelligence systems have the power to transform the tech giant’s business model and products. Precise financial details have not been disclosed, though the company on Monday said it was investing billions of dollars in a “multiyear” agreement.
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Axie Infinity (AXS) has rallied 135% month-to-date to reach approximately $14 on Jan. 23, its highest level in two months. Nonetheless, the AXS/USD pair could suffer major losses in the coming weeks owing to a flurry of negative technical and fundamental indicators. Axie Infinity price prints “gravestone” doji The AXS price formed a “gravestone doji”
In this article SPY Follow your favorite stocksCREATE FREE ACCOUNT (An excerpt from the book, “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange,” by Bob Pisani.) Thirty years ago this week, State Street Global Advisors launched the Standard & Poor’s Depositary Receipt (SPY), the first
The eurozone will avoid a recession this year according to a widely-watched survey of economists which illustrates the sharp about-turn in global economic sentiment in the past couple of weeks. As recently as last month, analysts surveyed by Consensus Economics were predicting the bloc would plunge into recession this year. But this month’s survey found
In this article SNX SHAK SPOT CVS AAPL Follow your favorite stocksCREATE FREE ACCOUNT The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists its stock with a direct listing in New York, April 3, 2018. Lucas Jackson | Reuters Coming off
Deep in the heart of Texas, a newly finished residence suffused with boreal light and featuring miles of unobstructed Texas Hill Country views has swaggered onto the Lone Star State market. Located 25 miles west of Austin, the 4,100-square foot home is sited near Dripping Springs––in 2014 named the state’s first International Dark Sky Community.
The philanthropic arm of Binance — Binance Charity — is set to fund 30,65 scholarships to students keen on forging out a career in Web3 in 2023. The Binance Charity Scholar Program (BCSP) will provide free Web3 education and training courses which will enable tech-savvy students to upskill without having to leap-frog any unnecessary financial
Top Stories This Week Crypto lender Genesis files for Chapter 11 bankruptcy FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,”
Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions in cash. US Government Seizes Millions in Cash and Robinhood Shares From
Banks are gearing up for the biggest round of job cuts since the global financial crisis, as executives come under pressure to slash costs following a collapse in investment banking revenues. The lay-offs — which are expected to be in the tens of thousands across the sector — reverse the mass hirings banks made over
In this article BAYRY Follow your favorite stocksCREATE FREE ACCOUNT Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany. Wolfgang Rattay | Reuters Company: Bayer AG (BAYRY) Business: Bayer AG is a 55-billion euro German multinational pharmaceutical and biotechnology company. It operates through
The Puerto Rico Electric Power Authority approved a contract Thursday with a consortium to run its electric generating facilities, despite observers raising some concerns about one member of the group. The consortium, Genera PR, would include New Fortress Energy, the El Nuevo Día and El Vocero web sites reported. New Fortress is a liquified natural
A suburban Chicago hotel and conference center working to get back on track from COVID-19-induced operating struggles made a partial payment on overdue interest owed to some holders of $142 million of restructured bonds. Breathing room still remains through this year for the Westin hotel and conference center complex in Lombard from a bondholder-provided loan
Municipals were weaker in spots Friday, outperforming a U.S. Treasury selloff, while equities ended up. The three-year muni-UST ratio was at 55%, the five-year at 58%, the 10-year at 64% and the 30-year at 87%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the three at 55%, the five at 59%,
In this article GOOGL SIVB PD RL Follow your favorite stocksCREATE FREE ACCOUNT Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant jumped more than 8% after Netflix added 7.66 million net subscribers in the fourth quarter,
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the
Bondholders controlling more than two-thirds of the $180 million outstanding Puerto Rico Industrial Development Co. bonds filed suit against the Puerto Rico Oversight Board and the Fiscal Agency and Financial Advisory Authority seeking full payment. Affiliates of GoldenTree Asset Management LP complained that PRIDCO’s bonds have not paid since the passage of the Puerto Rico
Federal Reserve Governor Christopher Waller said roughly $2 trillion of reserves could be taken out of the banking system without disrupting banks. Waller discussed monetary policy and his views on the economy during an hourlong event Friday afternoon hosted by the Council on Foreign Relations. During the event, he said the Fed could reduce its
The state of California is expected to see more than twice the demand for its private activity bonds than what is available under the $4.7 billion cap allowed by the IRS for 2023, according to the California Debt Limit Allocation Committee. On Wednesday, the committee, chaired by Treasurer Fiona Ma, approved the $4.7 billion PAB
Generally speaking, the higher your credit score, the better off you are when it comes to getting a loan. FICO scores, the most popular scoring model, range from 300 to 850. A “good” score generally is above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.” Once you reach that 800