Author: Investor Empires
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United Airlines Q3 profit outlook disappoints amid industrywide discounting pressure By Reuters
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By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday forecast lower-than-expected profit in the current quarter as the industry grapples with a surplus of seat capacity in the domestic market that has undermined airlines’ pricing power. The Chicago-based airline expects adjusted earnings of $2.75 to $3.25…
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Grayscale Launches New Fund Targeting Decentralized AI Protocols
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The prominent crypto asset manager announced the launch of Grayscale Decentralized AI Fund LLC on July 17, which aims to give investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem. The fund will be rebalanced quarterly and currently includes a basket of AI-powered decentralized…
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Grayscale Launches New Fund Targeting Decentralized AI Protocols
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The prominent crypto asset manager announced the launch of Grayscale Decentralized AI Fund LLC on July 17, which aims to give investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem. The fund will be rebalanced quarterly and currently includes a basket of AI-powered decentralized…
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America’s worst bridges are getting a major modern makeover
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Dozens of aging bridges in 16 states are set to be replaced or improved with the help of $5 billion in federal grants announced Wednesday by President Joe Biden’s administration, the latest recipients of a massive infrastructure bill. The projects range from coast to coast, with the largest providing an…
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Yen jumps on possible intervention, sterling hits one-year high By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The yen rose sharply on Wednesday in a move suspected to be the result of another intervention by Japanese officials to support the currency, which has been battered by a multi-decade low. The yen has made several big moves in recent days, rising…
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Ethereum ETFs May Soon Allow Staking, Suggests SEC Commissioner Peirce
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In a recent interview, SEC Commissioner Hester Peirce reopened the discussion of adding storage features to Ethereum exchange-traded funds (ETFs) after their upcoming launch, possibly on July 23. Initially, ETF issuers like VanEck and Fidelity sought approval to bet on the underlying Ethereum cryptocurrency. productsHowever, there is speculation that they…
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How skills arbitrage can cure global labour woes
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The world today faces a strange dilemma where some countries suffer from a shortage of talent, while others struggle to generate enough jobs for their young people. The solution lies in the economic geography of skill arbitrage. To understand more deeply the geo-economic tool known as “skill arbitrage”, let us…
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U.K. CPI Rate Held Steady in June but Services Price Growth Rate Remains Elevated
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As widely expected, UK annual inflation has decided to take a breather this summer, with the consumer price index (CPI) growth rate remaining unchanged at 2.0% year-on-year in June 2024, according to the latest figures from the Office for National Statistics. Link to UK Consumer Price Inflation: June 2024 the…
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Bitcoin Magazine And Look Into Bitcoin Partner To Launch Enhanced Bitcoin Magazine Pro
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Bitcoin Magazine is pleased to announce the launch of the newly improved version Bitcoin Pro Magazine In partnership with Look Into Bitcoin. This strategic collaboration includes the rebranding and relaunch of Look Into Bitcoin as Bitcoin Magazine Pro, providing real-time data and market-leading intelligence to users while significantly enhancing the…
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Bitcoin Magazine And Look Into Bitcoin Partner To Launch Enhanced Bitcoin Magazine Pro
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Bitcoin Magazine is pleased to announce the launch of the newly improved version Bitcoin Pro Magazine In partnership with Look Into Bitcoin. This strategic collaboration includes the rebranding and relaunch of Look Into Bitcoin as Bitcoin Magazine Pro, providing real-time data and market-leading intelligence to users while significantly enhancing the…
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Universal credit tax rate hindering employment efforts
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The new government must address the 55% effective tax rate on Universal Credit recipients if it aims to reduce unemployment. This is what Robert Salter, technical director at tax and audit consultancy Blake Rothenberg, pointed out, highlighting the issue in light of the recent King’s Speech, in which the government…
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US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%
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High return 4.466% (last month was slightly lower at 4.452%) WI level at auction time 4.467% Tail -0.1 bp vs 6-month average -0.6 bp Coverage offered at 2.68X vs. 6-month average of 2.63X Traders 8.47% vs. 6-month average 12.1% Directed 14.32% vs. 6-month average of 18.2% Indirect 77.2% vs. 6-month…
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Worldcoin Market Manipulation Exposed Before Insider Unlocks
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The cryptocurrency Worldcoin (WLD) has seen a massive price surge, surging 75% over the past five days, with a whopping 38% increase in the last 24 hours. According to DeFi^2 (@DefiSquared), the #1 ranked trader on Bybit and a top 10 wallet on DeBank, this price action is not just…
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Trump Plans Risk Spurring US Inflation That GOP Is Pledging to End
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Breadcrumbs Path Links PMN Business Speaker after speaker at the Republican National Convention this week blamed the Biden administration for rising inflation. Article author: Bloomberg News Christopher Condon Published on July 17, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log…
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Trump Plans Risk Spurring US Inflation That GOP Is Pledging to End
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Breadcrumbs Path Links PMN Business Speaker after speaker at the Republican National Convention this week blamed the Biden administration for rising inflation. Article author: Bloomberg News Christopher Condon Published on July 17, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log…
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Exclusive-Apax, Bain and CVC exploring potential bids for SoftwareOne, sources say By Reuters
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By Amy Jo Crowley and Oliver Hirt LONDON (Reuters) – Apax Partners, Bain Capital and CVC are each considering potential bids for Swiss software company Software One, three months after the company’s board was ousted, two people familiar with the situation said. Talks with interested funds are ongoing, one of…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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Boosted By Trump Election Bets, Polymarket Hits Record $116M Trading Volume In July
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Copyright: thedefiant In the rapidly evolving world of decentralized finance (DeFi), one platform has emerged as a pioneer, capturing the attention of traders, investors, and political enthusiasts alike – PolymarketAs the US presidential election approaches, the innovative blockchain-based prediction market has seen a significant increase in trading activity, cementing its…
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Israeli hybrid data cloud co CTERA raises $80m
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Israeli hybrid cloud data management company CTERA announced today that it has raised $80 million in seed and secondary funding led by PSG Equity. Following the deal, PSG Managing Director Ronen Nir has joined CTERA’s board of directors alongside existing shareholders Benchmark, Bessemer Venture Partners, and Red Dot Capital Partners.…
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Japan’s Kanda says officials need to respond if speculators cause excessive FX moves, Kyodo reports By Reuters
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Written by Satoshi Sugiyama TOKYO (Reuters) – Japan’s top currency diplomat Masato Kanda said on Wednesday he would have to respond if speculators caused excessive moves in the currency market and there was no limit to the number of times authorities could intervene, Kyodo News reported. “I have no choice…