Author: IA PressRoom

Major cryptocurrencies sank on Monday, after the U.S. Securities and Exchange Commission charged the world’s largest crypto exchange Binance Holdings Inc. and its co-founder Changpeng Zhao with 13 securities law violations.  Bitcoin BTCUSD, -5.71% fell 5% Monday to $25,857, the lowest level since March 17, according to CoinDesk data. Ether ETHUSD, -4.83% tumbled 4.4% to about $1,815, and Binance Coin fell 10.7% to around $275.  The SEC on Monday alleged that Binance, the world’s largest cryptocurrency exchange, “secretly allow[ed] high-value U.S. customers” to trade on Binance.com in violation of U.S. securities, laws which bar unregistered exchanges from servicing U.S. customers.…

ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has piqued the interest of insurance industry leaders. But where exactly will ChatGPT, and generative AI broadly, have the greatest impact? And what are its most and least promising use cases? Insider Intelligence Generative AI is set to revolutionize various types of insurance. Based on the impact of the technology in the US, property and casualty insurance will be the most transformed and health insurance will be the second-most impacted. However, life insurance is expected to be least impacted by generative AI, especially…

Mastering the skill of scheduling will change the game on your side hustle.getty A tangible revenue goal that is meaningful to you will help you scale your side hustle without overworking. Here’s the one that worked for me. I started my first business, a retail fashion company, seven years ago while working at a full-time job and going to graduate school on nights and weekends. Thinking You’ll Make As Much As You Can Is A Surefire Way To Burnout On average, 4.4 million businesses are launched each year in the United States. As a financial and business coach, I teach…

The Saudi government has handed ownership of four top domestic football teams to its deep-pocketed sovereign wealth fund, putting increased financial firepower behind the country’s ambitious plans in the sport. The Public Investment Fund said on Monday that Al Ittihad, Al Ahli, Al Hilal and Al Nassr — where Portuguese star Cristiano Ronaldo plays — had been converted into corporate entities, having previously been run by the state. The $600bn fund will own 75 per cent of each of the four clubs, with the remaining shares held by new non-profit foundations.The move to change the ownership structure of the biggest…

© Reuters. FILE PHOTO: Apple logo is seen in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Stephen Nellis CUPERTINO, California (Reuters) -Apple Inc on Monday said it will add a 15-inch MacBook Air to the company’s lineup, powered by an Apple-designed M2 processor chip. The laptop with six speakers will start at $1,299 and be available next week. The 13-inch MacBook Air will drop to $1,099. Apple (NASDAQ:) updated its Mac Studio desktop machine, saying its new M2 Ultra chip can process artificial intelligence work that rival chips do not have enough memory to handle. Apple also…

 Source: Adobe / Koukichi TakahashiCryptocurrency markets just experienced a big intraday drop in response to the US Securities and Exchange Commission (SEC) revealing that it has sued Binance, its US subsidiary Binance.US and the exchange’s founder Changpeng Zhao (CZ).Bitcoin (BTC) was last trading close to 5% lower on the day in the $25,800 area, having just hit its lowest levels since March under $25,500.Ether (ETH), meanwhile, was last down close to 4% on the day and changing hands just above $1,800.The new SEC lawsuit, which is suing Binance, Binance.US and CZ on thirteen charges, accuses the exchange of offering unregistered…

Cornel West, the progressive activist and professor, announced a presidential campaign on Monday with the People’s Party, a third party led by a former campaign staff member for Senator Bernie Sanders.“I enter in the quest for truth, I enter in the quest for justice, and the presidency is just one vehicle to pursue that truth and justice — what I’ve been trying to do all of my life,” Dr. West said in a campaign video posted on Twitter.In the video, Dr. West said he had decided to run as a third-party candidate because “neither political party wants to tell the…

Ciena FQ2 2023 Earnings Preview

Paul Singer sounded recession alarms and warned of a lengthy period of low returns.  The hedge fund manager said the US economy is facing an “extraordinarily dangerous and confusing period,” per the WSJ. Singer previously called the subprime mortgage crisis and warned of the post-Covid inflation spike. 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 Billionaire hedge fund proprietor Paul Singer warned investors of a prolonged market cycle of low returns in financial assets as recession risks continue to mount. In an interview with the…

Prince Harry was subject to unlawful activity “from when he was a young boy”, London’s High Court heard on Monday, after the judge presiding over his civil case against the publisher of the Daily Mirror expressed surprise at the prince’s absence on its first day.The prince and three other claimants allege that Mirror Group Newspapers unlawfully gathered information at its three titles for almost 20 years, including through phone hacking and use of private investigators. MGN denies their claims.David Sherborne, barrister for Prince Harry, who will on Tuesday become the first British royal to give evidence under oath since the…