Author: Investor Empires
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Open letter warns about AI — and it should apply to crypto too
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Both AI and cryptocurrencies move very quickly and are highly technical, making them difficult to regulate – but whistleblowers are being silenced. Another week, another warning about artificial intelligence. But this is an open letter — Expressing concerns that it could exacerbate inequality, fuel misinformation, and lead to uncontrollable artificial…
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Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
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British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
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Mike Lynch Acquitted of All Fraud Charges in Hewlett-Packard Case
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British businessman Mike Lynch was acquitted Thursday of all 15 fraud charges in connection with the $11.1 billion sale of his company Autonomy to Hewlett-Packard in 2011. The trial, which began in March in San Francisco, follows a long extradition battle from England to the United States, where Lynch first…
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ANZ expect the first Reserve Bank of New Zealand rate cut in February 2025 (prior May ’25)
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Reserve Bank of New Zealand forecasts from ANZ in New Zealand. Briefly: We have revised our forecast for the official cash rate (OCR) and now expect the first OCR cut to come in February 2025, rather than May. Domestic inflation… We expect that there will be tangible progress around the…
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Charles Hoskinson Blasts Media’s Negative Portrayal of Cardano’s Prospects
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Cardano founder, Charles Hoskinson, denied claims that the network suffers from weak fundamentals. He criticized the media for its continued negative portrayal of the ecosystem, emphasizing the stark contrast between the reality of Cardano’s progress and the media’s portrayal. Cardano founder refutes gloomy media forecasts In a sharp rebuke this…
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Interfield Global Software Inc. Provides Update on Status of Failure-To-File Cease Trade Order
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on June 06, 2024 • 4 minutes…
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World stocks shine after cautious ECB rate cut By Reuters
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Written by Mark Jones and Koh Gui Cheng NEW YORK/LONDON (Reuters) – Global stocks hit all-time highs and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves may take some time. Policymakers at…
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Firm Attacks US Miners, Bitcoin Network Growing Stronger
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Kerrisdale Capital, an investment management firm Launched A scathing attack on the US Bitcoin mining industry, describing it as a haven for “snake oil salesmen” who gobble up investors’ capital and harm the environment. Investment firm attacks Bitcoin, claims mining model is flawed In a post on X, the management…
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US SOCOM to equip with UVision loitering munitions
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Israeli company Euvision AirMistral, based in Zur Yigal, has signed a $73.5 million contract to supply loitering munitions to US Special Operations Command (US SOCOM). The contract, which will be extended until 2029, covers the Hero-120SF loitering ammunition system, spare parts, engineering change proposals and training. The selection of this…
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Goldman Sachs’ Former Executive Nikolay Karpenko Joins B2C2 as Director
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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BitReXe: Enabling Parallel VMs on Bitcoin Network
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Ethereum is still working on a complementary plan to parallel EVM, but Bitcoin could soon expect its own parallel VM layer 2. Let’s first understand why Ethereum cannot achieve parallel EVM. To maintain network consistency and security, EVM has a critical design feature: it executes transactions sequentially. Sequential execution ensures…
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BitReXe: Enabling Parallel VMs on Bitcoin Network
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Ethereum is still working on a complementary plan to parallel EVM, but Bitcoin could soon expect its own parallel VM layer 2. Let’s first understand why Ethereum cannot achieve parallel EVM. To maintain network consistency and security, EVM has a critical design feature: it executes transactions sequentially. Sequential execution ensures…
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Meituan outlines robust Q1 growth with revenue up 75% By Investing.com
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Meituan (3690.HK), the Chinese e-commerce platform specializing in local food delivery, reported a strong start to 2024 with significant year-over-year growth in revenue and profits in the first quarter. The company’s total revenue surged by 75% to RMB 73.3 billion, while adjusted net profit increased by 36.4% to RMB 7.5…
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Dollar steadies, euro edges higher ahead of key ECB meeting By Investing.com
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Investing.com – The US dollar was steady in early European trade on Thursday, while the euro rose ahead of the European Central Bank’s latest policy-setting meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose slightly to 104.265.…
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Rivian updates R1 with new motors, battery packs for improved performance and lower costs
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Rivian (RIVN) has unveiled its updated R1 pickup and SUV, with improved features and new powertrains aimed at making its electric vehicles cheaper to manufacture. The R1T pickup and R1S SUV maintain their distinctive exterior design. Most of the changes are done under the hood as well using software. The…
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What to expect from the US jobs report tomorrow
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The US jobs report will be released at 8:30 AM EST tomorrow. Last month (April), payrolls reached 175,000 which was well below the estimate of 243,000 at the time. The previous month’s revision was -22k. Other details from the April report showed: Unemployment rate 3.9% vs. 3.8% expected (3.8% previously)…
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Dollar Tree’s future just became more complicated with Family Dollar news (DLTR)
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dollar tree (Nasdaq: DTR) faces a more complex future in a still uncertain consumer environment, especially now that the decision to explore Family Dollar options has demonstrated management’s lack of confidence in the struggling business. Paul Lejuez of Citigroup downgraded his rating On the dollar tree (DLTR) to neutral from…