Author: IA PressRoom

NEW YORK, NEW YORK – NOVEMBER 30: Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the … [+] New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. The New York Times held its first in-person DealBook Summit since the start of the coronavirus (COVID-19) pandemic with speakers from the worlds of financial services, technology, consumer goods, private investment, venture capital, banking, media, public relations, policy, government, and academia. (Photo by Michael M. Santiago/Getty Images)Getty Images A 2017 interview with BlackRock BLK CEO Larry Fink…

Apple unveiled its long-awaited “mixed reality” headset on Monday, in its most anticipated hardware product launch since Steve Jobs revealed the iPad in 2010.The gadget, called Vision Pro, will be available “early next year”. It combines virtual reality with augmented reality, which overlays digital images on top of the real world. Apple said it would sell for $3,499, even more than most analysts had expected and nearly 12 times the price of Meta’s Quest 2, the biggest-selling VR headset.The Vision Pro is the biggest gamble on a product yet from chief executive Tim Cook, who took over from Steve Jobs…

© Reuters. FILE PHOTO: Brazil’s Central Bank President Roberto Campos Neto attends a session of the Brazilian Senate in Brasilia, Brazil February 15, 2023. REUTERS/Adriano Machado BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Monday that long-term inflation expectations, which have long concerned policymakers, would start to decline and pointed to a clearer economic environment. “We still have a problem with long-term inflation expectations, which are high. We understand that they should start to fall too,” Campos Neto said at an event hosted by a regional coffee growers cooperative. The central bank has kept Brazil’s Selic benchmark interest rate steady at a cycle-high of 13.75% since…

© Reuters. (Reuters) – Blackstone (NYSE:) Real Estate Income Trust Inc (BREIT) has agreed to sell a Texas-based resort to Ryman (NYSE:) Hospitality Properties Inc for $800 million, as the asset management giant looks to cash in on resurgent demand for leisure travel and retreat. The deal for Texas-based JW Marriott San Antonio Hill Country Resort & Spa is expected to close in the second or third quarter of the year, the companies said on Monday. Ryman is selling 3.5 million of its shares, which would fetch proceeds of $338 million based on Monday’s closing price, to help finance the…

Ron DeSantis: People want a change Florida Governor and Republican presidential candidate Ron DeSantis discusses his campaign and issues including Disney, coronavirus lockdowns, and attacks from Trump and other Republican candidates.Republican Florida Gov. Ron DeSantis’ presidential campaign began the week by taking aim at former President Donald Trump over his decision not to fire Dr. Anthony Fauci amid the coronavirus pandemic in 2020.A video the DeSantis campaign released Monday showed multiple clips from Trump’s days on his reality show, “The Apprentice,” which the former president hosted from 2004 to 2015, and included scenes of him using his signature phrase, “You’re…

The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but the bank’s equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade.” That would be the pain trade inflicted by AI enthusiasm or a potential pause or pivot in the Federal Reserve’s interest-rate hiking cycle, according to a Citi Research note dated June 2. Citi analysts, led by managing director Scott Chronert, currently have a year-end target of 4,000 for the S&P 500. “A combination of artificial intelligence expectations and eventual end to Fed rate hikes have us looking over our shoulder for…

Elon Musk hosted RFK Jr. in a bizarre Twitter Spaces conversation littered with falsehoods and conspiracy theories. Kennedy compared Musk to patriots who died in the Revolutionary War. He also claimed that “prior to the introduction of Prozac” there were no mass shootings in the US. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Robert F. Kennedy Jr. thanked Elon Musk for his service to the nation and compared him to the thousands of patriots who died fighting in the American Revolution today in…

There’s building suspense and then there’s forcing your audience to sit through a two hour presentation before announcing that your hotly anticipated, much-delayed virtual reality headsets won’t go on sale until next year.By the time Apple unveiled its VR goggles on Monday, the share price had lost its intraday record high. Likely culprits include lack of compelling content, a high price tag and the 2024 launch date.Apple is a pro at classy design and quality presentations. But are VR headsets a good use of its $166bn cash and marketable securities pile? Limited battery life and bulky fits still plague the…

© Reuters. FILE PHOTO: The listing of Mobileye Global Inc., the self-driving unit of chip maker Intel Corp, is seen at the Nasdaq MarketSite, at Times Square in New York City, U.S., October 26, 2022. REUTERS/Shannon Stapleton (Reuters) – Intel Corp (NASDAQ:) is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday. After the offering, Intel’s voting share in the self-driving technology company will come down to about 98.7% from the 99.3% it currently holds. Shares of the Jerusalem, Israel-based Mobileye fell over…

© Reuters. FILE PHOTO: A large iceberg drifts off the coast of Triton, Newfoundland, Canada May 21, 2022. Picture taken May 21, 2022. REUTERS/Greg Locke/File Photo By Riham Alkousaa BERLIN (Reuters) – United Nations climate talks in Germany kicked off on Monday without an agreed final agenda for technical discussions, a senior negotiator said, clouding optimism that the 10-day meeting would result in a clear programme for the COP28 conference in Dubai. The Bonn Climate Change Conference, designed to prepare decisions for adoption at COP28 in the United Arab Emirates, is seen as a mid-way check for how ambitious international…