Treasury selloff gains momentum as rate expectations rise
On Wednesday, the bond market saw a significant selloff, with yields on 2- through 7-year U.S. Treasury bonds rising by as much as 10 basis points each. The 10-year yield also experienced an increase, reaching 3.99%. This surge in yields was largely driven by two factors. Firstly, data from China revealed an expansion of the […]
How to use ChatGPT: Best free online courses
The recent advancements in artificial intelligence have made it easier than ever to access and use AI technology. However, it can be difficult to know where to start when it comes to learning how to use AI. Fortunately, Udemy has an extensive range of online courses on ChatGPT that can help you get up to […]
Splunk stock sinks after forecasts fall short of estimates
Splunk Inc. shares experienced a significant decline after hours Wednesday, dropping as much as 7% after the cloud-software company reported fourth-quarter earnings that fell short of Wall Street estimates. The company closed the regular session at $102.48, barely budging from the opening price. Splunk Inc. reported net income of $269 million, or $1.44 a share, […]
Binance’s AI-powered NFT generator hits 10K mints in 2.5 hours
On Mar. 1, Binance, the world’s largest crypto exchange, launched an AI-powered nonfungible token (NFT) generator called “Bicasso” in beta. Binance CEO Changpeng Zhao told users “you can turn your creative visions into NFTs with AI,” and the system proved to be a success. Just 2.5 hours after launch, the AI-powered NFT generator had already […]
DoubleVerify stock spikes after strong earnings report
DoubleVerify Holdings Inc. (DV) saw its shares jump more than 14% in after-hours trading on Wednesday, following the company’s release of its fourth-quarter earnings report and forecast. Despite doubts about the online-advertising industry, the ad-tech company reported fourth-quarter earnings of $18.1 million, or 11 cents a share, down from 18 cents a share a year […]
BoJ must re-examine monetary framework, inflation targets
The former Governor of the Bank of Japan (BoJ), Masaaki Shirakawa, has called on policymakers to reconsider the current monetary framework based on inflation targets, in a column published by the International Monetary Fund (IMF) on Wednesday. Inflation targeting has been the basis of monetary policy for the past 30 years, and was a response […]
Effective Altruism? FTX-Linked Charity Org Spent $3.5 Million on Czech Castle
FTX, the now bankrupt crypto exchange founded by Sam Bankman-Fried, has reportedly spent millions of dollars purchasing a luxurious castle in the Czech Republic. This was done through a non-profit with ties to the “effective altruism” movement, stemming from a $4.5 million grant to the European Summer Program on Rationality (ESPR). The grant agreement from […]
Wolfspeed stock falls after Tesla suggests next-gen car will cut silicon-carbide use
Wolfspeed Inc. (previously known as Cree) saw its WOLFshares drop by more than 5% in after-hours trading on Wednesday, following a presentation from Tesla Inc. executives. During the investor day presentation, Tesla executives revealed that their next-generation car would require 75% less silicon carbide. This news had a significant impact on Wolfspeed, a semiconductor company […]
GBP/JPY Price Analysis: Forms a doji, hovers around 163.60
bearish engulfing candlestick pattern still holds. The British pound to Japanese yen exchange rate (GBP/JPY) ended Wednesday’s session with a doji candlestick pattern, suggesting that neither buyers nor sellers had a dominant influence on the market. Despite this neutral result, the bearish engulfing candlestick pattern from Tuesday’s session still remains intact. The doji candlestick is […]