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admin wrote a new post, California's diesel prices have jumped since the Iran war started, with ripple effects across the country 5 days, 9 hours ago
California is home to the highest fuel prices in the U.S. as well as the busiest containership port complex in the nation. So as the Iran war enters its sixth month and petroleum-product prices remain […]
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admin wrote a new post, Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams 5 days, 11 hours ago
Visa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion in cash, expanding the payment giant’s push into cybersecurity as banks confront a surge in artificial intelligence-powered […]
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admin wrote a new post, Tourism price wars threaten to dim a rare bright spot in China's consumer spending 5 days, 14 hours ago
China’s domestic tourism market is weakening faster than expected, clouding one of the few bright spots in the country’s sluggish consumer economy.
Hilton China said last week it now expects revenue per […] -
admin wrote a new post, Investors may want to focus on front end of yield curve — as Street anticipates next Fed meetings 1 week, 1 day ago
Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise.
The bottom line: Focus exposure on short-term Treasurys […]
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admin wrote a new post, Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks 1 week, 1 day ago
Clear Street, the prime brokerage startup that recently shelved plans for its own IPO, is now aiming to give investors access to some of Silicon Valley’s hottest private companies before they go public.
The […] -
admin wrote a new post, Why Situational Awareness hedge fund imploded, even in a tame stock market 1 week, 1 day ago
The stock market looked unusually tranquil. Beneath the surface, one of Wall Street’s fastest-growing funds devoted to artificial intelligence investments was unraveling.
In a matter of weeks, Leopold […] -
admin wrote a new post, How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days 1 week, 1 day ago
Two years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw the future clearly.
In a sprawling, 165-page essay that became required reading in Silicon Valley, the former OpenAI […]
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admin wrote a new post, New York sues Kalshi, says prediction market is running 'illegal gambling operation' 1 week, 1 day ago
New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an “illegal gambling operation.”
In a case filed in a Manhattan state court, the lawsuit claims that Kalshi […] -
admin wrote a new post, Fed officials who voted to hike rates say action is needed now against inflation 1 week, 1 day ago
Federal Reserve officials who voted this week against the decision to hold interest rates steady said Friday they favor hiking now as a way to stave off inflation.
“In my view, now is the time for the [Federal […] -
admin wrote a new post, More consumer companies are staying private for longer, avoiding the IPO road 1 week, 1 day ago
Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are choosing to stay private for longer.
In 2021, public markets saw a multitude of companies […] -
admin wrote a new post, China’s U.S.-bound shipments fall in July after brief recovery, survey shows 1 week, 2 days ago
BEIJING — One of the Chinese economy’s few growth drivers lost steam in July, according to the latest survey of businesses by China Beige Book.
“U.S.-bound shipments fell outright for the first time in s […] -
admin wrote a new post, China threatens retaliation against U.S. humanoid robot ban, says it 'severely damages' relations 1 week, 2 days ago
BEIJING — The U.S. Federal Communications Commission has repeatedly ignored Beijing’s restrained stance on product bans, China’s commerce ministry said Thursday, threatening retaliation.
The FCC on Tuesday s […] -
admin wrote a new post, The U.S. wants Asia to use its AI — but China dominates cheaper models 1 week, 3 days ago
BEIJING — The artificial intelligence race between the U.S. and China is heating up in the world’s largest continent: Asia.
“The American strategy is to stop China from becoming the leading AI supplier for t […]
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admin wrote a new post, Here are the last times the Dow dropped by 1,000 points and what happened next 1 week, 3 days ago
The Dow Jones Industrial Average fell more than 1,000 points on Wednesday after the Federal Reserve decided to keep interest rates steady while U.S. oil neared $85 per barrel.
In the last five years, the […] -
admin wrote a new post, Here are the five big takeaways from this week's Fed meeting 1 week, 3 days ago
The Federal Reserve on Wednesday followed through on expectations for no interest rate change, and Chairman Kevin Warsh offered little direction in his news conference. The meeting was notable for a surge in […]
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admin wrote a new post, Jeffrey Gundlach says the bond market is telling Warsh the Fed has to start acting on inflation 1 week, 3 days ago
DoubleLine Capital CEO Jeffrey Gundlach said the Treasury market is signaling that the Federal Reserve will need to do more than talk tough if policymakers are serious about reaching their 2% inflation […]
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admin wrote a new post, Here's what changed in the second Fed statement under Warsh 1 week, 3 days ago
Economists and investors got their latest look at the Federal Reserve’s new era of communication with Wednesday’s Federal Open Market Committee statement.
Below is a comparison of Wednesday’s FOMC s […] -
admin wrote a new post, Divided Fed holds interest rates steady, but three members voted to hike 1 week, 3 days ago
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady but not without opposition from three officials who have expressed concern over inflation and wanted to h […]
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admin wrote a new post, 44 states are aligned on one thing in their fight against prediction markets. It's about sports wagering 1 week, 4 days ago
A coalition of 44 state attorneys general wrote in a letter to the Commodity Futures Trading Commission on Monday that the agency doesn’t have the power to regulate sports-related event contracts on prediction […]
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admin wrote a new post, Meta likely to highlight smart glasses, avoid social media policy on upcoming earnings call, Kalshi traders say 1 week, 4 days ago
Meta is set to report earnings after the market close Wednesday, and traders on prediction market platform Kalshi think the Instagram parent will use its conference call to highlight its Ray-Ban Meta smart […]
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