Last Tuesday, a blog post appeared on the OpenAI website that, despite its innocuous title, contained bombshell news. While undergoing internal testing, two of the company’s models had escaped confinement and hacked into the servers of a major artificial intelligence hosting platform, Hugging Face. This marks a turning point — the first time we’ve seen…
ETF managers are racing to position themselves for the Anthropic IPO. Ares Management is in talks to buy Leonard Green & Partners to bolster its private equity platform. These are among the investment must reads for financial advisors this week.
In the early 1970s, bonds were boring. You bought them, filed them away in a drawer, and clipped coupons until maturity. The prevailing wisdom treated fixed income as a static, buy-and-hold asset class. Bill Gross and a small team at Pacific Mutual in Newport Beach saw it differently. They began trading bonds actively, using newly…
Erling Haaland may have been the biggest star to come out of this World Cup as fans all over the world became enamored with the big Norwegian striker as he raced for the Golden Boot and added to his 72 million-plus social media followers with adventures featuring Birkin Bags, Katz’s Deli, and a certain taxidermied…
The Swiss Franc (CHF) steadies against the US Dollar (USD) on Tuesday as the Greenback gives up its early gains, with traders turning cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. At the time of writing, USD/CHF trades flat around 0.8184, retreating from an intraday high of 0.8205, its highest level…
Climate disruption could prolong inflation. Look to refiners, tanker operators and agricultural stocks.
Most people don’t get a break in their tax rate until they retire, but there could be earlier opportunities
Currently, Church’s Texas Chicken has more than 1,500 restaurants across the US and 25 plus international markets The investment will be used by Church’s to accelerate its next phase of its growth In addition to this transaction, Church’s has named Bobby Morena as chief development officer to lead US expansion Golub Capital has made an…
The U.S. Strategic Petroleum Reserve is under strain as massive stockpile releases in response to wars in the Middle East and Europe have stressed old infrastructure in need of repair. The SPR this week fell to its lowest level since March 1983 after the U.S. withdrew 352 million barrels of crude oil in four years…
Big Tech’s binge is draining free cash flow — and the bond markets are taking notice.