Category Archive: Cryptocurrency, No picture
OpenAI to remove nonprofit control as CEO Sam Altman gains first equity stake
Key Takeaways OpenAI is restructuring from a nonprofit to a for-profit benefit corporation. CEO Sam Altman to receive equity in the newly structured OpenAI. Share this article OpenAI, is planning a significant restructuring that will see its nonprofit board relinquish control over its for-profit business, according to Reuters. The restructuring would transform OpenAI into a […]
What’s Changed? What’s Different This Time?
Image Source: Pexels Causes generate effects. As noted in my previous post, if causal conditions have changed, the “guarantee” offered by statistics is empty. This leads to a simple question: what’s changed? Have the causal conditions changed enough to generate different results? The status quo assumes the economy never really changes, and so the stimulus that worked last time […]
OpenAI CTO Mira Murati exits after pivotal role in AI development
Key Takeaways Mira Murati has been a key figure in developing OpenAI’s flagship products like ChatGPT. Murati’s departure is announced just before OpenAI’s major annual developer conference. Share this article OpenAI’s Chief Technology Officer Mira Murati has announced her decision to leave the artificial intelligence company after six and a half years. I shared the […]
Micron Surpasses Q4 Earnings And Revenue Estimates
Image Source: Unsplash Micron (MU Quick QuoteMU – Free Report) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to loss of $1.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it […]
China On The Edge Of Recession
↵Image Source: Unsplash China is on the edge of recession — excluding Covid, for the first time since 2008 — as new data showed all-important manufacturing contracted for the fourth month in a row with particular weakness in new orders.In other words, what they’ve got is a backlog, then it’s a cliff.Manufacturing makes up a third […]
What’s The Bear Argument For The Stock Market?
Image Source: Pexels The bear argument for the stock market is explored and whether traders and investors should expect a stock market crash anytime soon and if so what is the bearish argument for a stock market pullback. I also analyze and provide my technical analysis for the SPY ETF.Video Length: 00:05:38More By This Author:Winning Streaks […]
PayPal enables business accounts to buy, hold, and sell crypto
Key Takeaways PayPal has enabled cryptocurrency transactions for US business accounts. PYUSD, PayPal’s stablecoin, is now available on the Solana blockchain. Share this article PayPal, announced today that US merchants can now buy, hold, and sell crypto assets directly from their PayPal business accounts. “Business owners have increasingly expressed a desire for the same cryptocurrency […]
Agency REITs For A Bull Steepener Summary
Image Source: Unsplash In our recent two-part series on the yield curve (Part One Part Two) we discussed the four predominant yield curve shifts and what they imply about economic activity and monetary policy. Additionally, given the current bullish steepening trend of the yield curve, we provided data on how prior bull steepening environments impacted various stock […]
Gold Prices Outlook: $4,000-An-Ounce Gold Could Be In Play Sooner
Image Source: Pexels Why the Price of Gold Could Skyrocket to $4,000 Gold prices could really surprise in the coming years, so gold bugs who own the yellow precious metal could reap immense rewards.There’s still time for investors who haven’t paid much attention until now. But I wouldn’t recommend waiting around too long: $4,000-an-ounce gold could […]
Do Kwon’s extradition used as pressure in Montenegro-South Korea airport negotiations, claims former justice minister
Key Takeaways Montenegro’s PM allegedly used Do Kwon’s extradition as leverage in an airport deal. Prime Minister linked to Do Kwon through a $75,000 investment in Terra/Luna tokens. Share this article Montenegro’s Prime Minister Milojko Spajić is accused of using Do Kwon’s extradition as leverage in a 30-year airport concession deal with South Korea, according […]
