Late last week, the Securities and Exchange Commission somewhat begrudgingly approved a spot bitcoin ETFs. If you’re not up on your finance acronyms, that stands for exchange traded fund — you can think of it as a very easy way to invest in bitcoin from your brokerage account, no blockchain required. A “spot” fund invests
SEC Chair Gensler warns of AI ‘monoculture’ financial risks Securities and Exchange Commission (SEC) Chair Gary Gensler says a centralized artificial intelligence (AI) market with just a handful of models that financial actors rely on could lead to a fragile financial system. Gensler, speaking in a virtual fireside chat hosted by Public Citizen, said he
A Conversation With Impact Investing Visionary Robert Brown Brown Sorenson Impact Institute For more than 30 years, Robert Brown has been recognized as a leading economist and Wall Street investor. In recent years, he has taken his extensive experience in macro research to advance the impact investing sector, most recently as co-founder and senior partner
If 2023 was the year companies poured money into generative AI, 2024 is the year they’re hoping those investments start to pay off. From Microsoft (MSFT) and Google (GOOG, GOOGL) to Samsung and even Volkswagen and Mercedes, businesses are quickly monetizing their generative AI offerings as interest in the technology among consumers and enterprise customers
it’s creating better outcomes for their organizations. VCG via Getty Images What does it mean to be a Modern CFO? Here are a few clues: You notice how employees recognize which metrics matter at your company and they care about meeting them as much as you do. It isn’t uncommon for organizations to provide training
Shriram Finance Ltd (SFL), a retail financing Non-Banking Finance company said it had priced a $750 million Fixed Rate Senior Secured 144A/Reg S Bond for a 3.25 year tenor. “Following a strong book build supported by high quality long only marquee investors, the company was able to achieve highest tightening in the pricing by 37.5
The Senate began the process of averting a partial government shutdown this weekend, but it’s not yet a sure thing that Washington will avoid at least a brief stoppage. Laborious Senate rules and hard-line GOP opposition still stand in the way. “Time is of the essence,” said Senate Majority Leader Chuck Schumer (D-NY) as he
By Rajesh Kumar Singh CHICAGO (Reuters) – Spirit Airlines faces tough choices about its future including looking for another buyer and finding other ways to shore up its finances after a federal judge on Tuesday blocked its $3.8 billion merger deal with JetBlue Airways, industry experts said. The ultra low-cost carrier has been struggling to
A Democratic fundraising machine keeps pumping. The Oakland A’s deliver campaign funds. And cash flows into the Las Vegas mayoral race. Those are just a few takeaways from a year’s worth of campaign finance activity reported on the secretary of state’s website ahead of Tuesday’s reporting deadline. The reports include details of campaign fundraising and
Investors gave Morgan Stanley’s new boss a rough reception Tuesday, pushing down the firm’s stock more than 4% on the day of Ted Pick’s earnings debut. The Wall Street giant announced Tuesday that its profits fell 32% in the fourth quarter when compared with the same year-ago period. The decline was largely due to charges