Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation
Microsoft will reportedly invest $2.9 billion for artificial intelligence projects in Japan. The investment will go toward expanding Microsoft’s cloud and AI infrastructure in the country, training 3 million people in AI and setting up a Microsoft Research Asia lab in Tokyo, Reuters reported Tuesday (April 9). The company will announce this investment Tuesday, while Japanese Prime Minister
Lately, the US Securities and Exchange Commission (SEC) displayed new regulations mandating public companies to disclose climate-related risks and emissions data, the imperativeness that businesses factor climate concerns into their strategies, addressing investor calls for transparent information on managing such risks. Considering this, the obvious question arises: How does this legislation impact Israeli companies?
iPhone | Cryptocurrencies In a recent ruling, a lawsuit accusing Apple of monopolistic practices in its App Store by restricting cryptocurrency transactions was dismissed by a judge in San Francisco. Filed by users of Venmo and Cash App, the lawsuit argued that Apple’s policies forced these payment apps to increase their fees. The plaintiffs contended
The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed
{KXLG – South Dakota} Today, the South Dakota Department of Agriculture and Natural Resources (DANR) announced that the Board of Water and Natural Resources had approved $172,554,815 in grants and loans for drinking water, wastewater, stormwater, and solid waste projects in South Dakota. The $172,554,815 total consists of $20,007,550 in grants and $152,547,265 in low-interest
NEW YORK (AP) — Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world’s most popular platforms for exchanging digital currency. Though he described Bankman-Fried as “extremely smart,” U.S. District Judge
At £12.3bn, the UK’s largest investment company Scottish Mortgage Investment Trust may have been on a rollercoaster over the past few years, with the economic downturn and rally in technology stocks. But following a period of underperformance, the fund has recently drawn the attention of US hedge fund Elliott Advisors, which, it has emerged, took a 5 per cent stake,
Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in September and completes the commitment the company promised at that time to invest up to $4 billion, according to a Wednesday (March 27) press release.
Sometime between FTX’s collapse and Sam Bankman-Fried’s fraud conviction a year later, a consensus formed about the onetime boy genius of cryptocurrency: His wild, curly hair and beanbag chair naps at the office were largely for show, but his company FTX, which had been used by millions of people to buy and sell digital currencies,