Author: IA PressRoom

Apple is expected to reveal its long-rumored mixed-reality headset on Monday. It’ll be the company’s first major new product since the first Apple Watch in 2014. Anticipation that the headset will sell for around $3,000 has dampened expectations. 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 Apple appears poised to unveil a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter’s ability to popularize new-fangled devices after others failed to capture the public’s imagination.After…

(Photo by Spencer Platt/Getty Images)Getty Images Every year it’s the same sad story: Social Security’s Trust Fund is running out of money. Spoiler alert: It doesn’t have to be that way if Congress stops kicking the can down the road. What’s missing is the raft of remedies Congress can take now to avoid problems in the future. The Center for Retirement Research at Boston College (CRRC) did a recent analysis of Social Security’s looming shortfall and came up with some common-sense insights. “The fact that in 2033 Social Security would be able to pay only 77% of scheduled benefits should…

Want to know what it takes to make a hit movie? Ask a bank analyst.That’s one of the takeaways from Signal In the Noise, a compendium of deep thoughts released annually by the media and telecoms team at Barclays. The 2023 edition weighs in at 133 pages and includes lots about how artificial intelligence might affect the creative process. Edgar Degas, Vincent van Gogh and Aaron Hertzmann are all quoted within the first few pages of the first essay, which ruminates at length on the nature of art:In some ways, the unpredictability of the experience, the complete surrender to the…

© Reuters. FILE PHOTO: European flags fly outside the European Commission headquarters in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo By Belén Carreño and Philip Blenkinsop MADRID/Brussels (Reuters) -The European Commission has said it is a priority to conclude a long-delayed trade deal with South America’s Mercosur bloc, as the EU seeks new allies to reduce its dependence on China and the United States, according to a document seen by Reuters. The policy paper, due to be presented by the EU’s top diplomat Josep Borrell on Wednesday, sets out the importance of securing priority access to Latin America’s raw…

© Reuters. Investing.com – and are registering rises of between 1% and 1.5% this Monday with OPEC+ extending its agreement on crude supply restrictions through 2024 and Saudi Arabia announcing production cuts of 1 million barrels per day (bpd) to a total of 9 million bpd. In what can be considered the largest output revision in recent years, the cartel now has cuts in place for 3.66 million bpd, equivalent to 3.6% of global demand, including 2 million bpd agreed last year and voluntary cuts of 1.66 million bpd decided in April. Market reaction was initially very positive but then…

Source: Adobe Stock / DanielMendlerUK-based crypto analytics and risk management firm Elliptic has incorporated the popular artificial intelligence (AI) chat bot ChatGPT into its work, with an aim to speed up the tracking of cybercriminals, the firm said in a recent press release.As one of the pioneers in the blockchain intelligence space, Elliptic leverages its proprietary dataset spanning over a decade, and says it can offer coverage of more than 97% of crypto transactions, as well as a large collection of crypto exchange risk profiles.According to the firm, the incorporation of ChatGPT, an AI-based so-called large language model (LLM), means…

The transaction is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other typical closing conditions. MB Aerospace is estimated to generate approximately $330 million of revenue and $65 million of EBITDA in calendar year 2023. Barnes (B) estimated the effective purchase price multiple will be approximately 11.4 times 2023 EBITDA and 8.9 times inclusive of pro forma estimated run-rate cost synergies. Barnes plans to finance the transaction with cash on hand and additional acquisition financing. Upon closing, Barnes estimates net leverage to be between 3.7 times and 3.9 times consolidated EBITDA, with a plan…

CHINA – 2023/02/23: In this photo illustration, a MetLife (MET) logo is displayed on the screen of a … [+] smartphone. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images MetLife stock (NYSE: MET) currently trades around $50 per share, around 30% below (more than 44% upside) its level of approximately $72 on April 20, 2022 (pre-inflation shock high), and has the potential for sizable gains. MetLife MET saw its stock trading at around $63 at the end of June 2022, just before the Fed started increasing rates, and is still 20% below that level. In…

The European Space Agency is drawing up proposals to develop spacecraft over the next decade that could fly ESA astronauts into orbit and to the Moon, according to its director-general Josef Aschbacher.Speaking to the Financial Times ahead of the FT Investing in Space summit in London, Aschbacher said developing an independent human launch capability was crucial for Europe to catch up in a rapidly evolving global race to space. “What is happening in the US, China and India is quite impressive,” he said. “If you step back and see where Europe stands globally, you see that Europe has not engaged at…

© Reuters. A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 22, 2023. REUTERS/Brendan McDermid (Reuters) – Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns after weaker readings from China and major European countries. Investors disposed of a net $4.55 billion of global equity funds during the week, Refinitiv Lipper data showed, compared with a weekly withdrawal of about $3.54 billion a week ago. Data showing a recession in Germany in the first quarter and contracting…