Content
AI And The Economy: What Has Changed?
Article By:
Bill Conerly
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Saturday, June 10, 2023 5:16 PM EDT
The economy will change markedly due to ChatGPT and similar models. After years of gradual advances, the latest tools will lead to a huge shift in the economy.
Week In Review: Shanghai HighTide Therapeutics Files For Hong Kong IPO
Article By:
ChinaBio® Today
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Saturday, June 10, 2023 1:20 PM EDT
HighTide Therapeutics filed for an IPO on the Hong Kong Exchange. Additionally, Shanghai Fosun Pharma will partner with the International Finance Corp to build a pharmaceutical production facility and distribution hub in the Ivory Coast for Africa.
Sequoia Breakup Will Expose Go-Local Consequences
Article By:
Lipper Alpha Insight
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Wednesday, June 7, 2023 8:34 AM EDT
Sequoia is blazing another new trail in venture capital. The firm, started in 1972 by the renowned Don Valentine, plans to separate its geographical teams, rebranding the China and India divisions, which will operate independently from the U.S. one.
BTC/USD Forex Signal: Crypto Regulatory Crackdown Continues
Article By:
Christopher Lewis
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Wednesday, June 7, 2023 6:21 AM EDT
The price of Bitcoin bounced back even as the Securities and Exchange Commission continued its battle against the crypto industry. After dropping to a low of 25,500, it soared to a high of 26,800 as traders assessed the impact of these lawsuits.
In this article: BITCOMP
The Commodities Feed: China’s Imports Recover
Article By:
ING Economics
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Wednesday, June 7, 2023 5:19 AM EDT
China’s crude oil and natural gas imports recovered strongly in May, which could help improve market sentiment. For copper, China’s concentrate imports jumped to a fresh high, while unwrought copper imports remain soft.
In this article: BNO, SOYB, JJC (RETIRED), UNG, GXC, JJU (RETIRED)
OPEC+ Meeting Brings Deeper Saudi Cuts
Article By:
ING Economics
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Monday, June 5, 2023 9:24 AM EDT
It hasn't been an easy OPEC+ meeting for members. The group failed to come to an agreement on deeper cuts, but production targets have been set for 2024 and voluntary cuts were extended. The Saudis have also decided to make further voluntary cuts.
JPMorgan To Work With Indian Banks On Blockchain-Based USD Settlement Platform
Article By:
The Tokenist
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Monday, June 5, 2023 9:10 AM EDT
JPMorgan has formed a partnership with six banks in India to develop a blockchain-based settlement system to facilitate interbank dollar transactions.
In this article: JPM
Bitcoin Miners Generated $916.6M In May
Article By:
Invezz
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Sunday, June 4, 2023 7:12 AM EDT
While the cryptocurrency market saw the usual ups and downs in May, Bitcoin mining computers enjoyed a substantial earnings uptick over the past month. A 13.7% earnings surge saw these miners generating $916.6 million in revenue.
In this article: BITCOMP
Jobs: The Household Survey Tells A Different Story
Article By:
SchiffGold
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Sunday, June 4, 2023 6:29 AM EDT
The BLS reported that a whopping 339k jobs were added in May. This crushed median estimates of 190k jobs added. The Household Survey tells a very different story though, reporting a loss of 310k.
Marathon Digital Reports It Has Mined A Record 1,245 BTC In May
Article By:
The Tokenist
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Sunday, June 4, 2023 5:53 AM EDT
After producing a record 1,245 Bitcoin May, Marathon’s unrestricted BTC holdings now stand at 12,259.
In this article: BITCOMP
This Junior Solar Developer Just Landed A Mega Sale
Article By:
Keith Schaefer
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Saturday, June 3, 2023 2:40 PM EDT
I see solar as the big energy play of 2023. Junior solar developers are often rather cheap, but not because of cash flow multiples. Multiples are much higher than what is seen with oil & gas. But the take-out value of solar projects is huge.
Week In Review: Betta Pharma Enters $392 Million Deal For C4 Therapeutics’ NSCLC Drug
Article By:
ChinaBio® Today
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Saturday, June 3, 2023 1:00 PM EDT
Hangzhou Betta Pharma acquired greater China rights for a novel non-small cell lung cancer drug from Boston’s C4 Therapeutics in a deal worth up to $392 million. Additionally, Lynk Pharma of Hangzhou raised $28 million in a Series C1 financing.
Airline Stock Roundup: American Airlines' Bullish Q2 Forecast, Allegiant's Labor Deal & More
Article By:
Zacks Investment Research
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Friday, June 2, 2023 1:45 PM EDT
In the past week, American Airlines’ management lifted its earnings per share forecast for second-quarter 2023. Allegiant Travel Company was also in the news, courtesy of the ratification of the deal with the International Brotherhood of Teamsters.
Pricing Dilemma: Surcharge Vs. Price Increase - Which Approach Wins Over Customers?
Article By:
Bill Conerly
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Thursday, June 1, 2023 8:15 AM EDT
Surcharge or price increase? When a company needs to cover higher costs, which method is better for customer relations? Transparency must be first priority.
The Masses Remain Very Wrong
Article By:
Paul Schatz
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Thursday, June 1, 2023 4:08 AM EDT
Two days ago, I argued that selling the rally post-debt ceiling agreement was the right strategy. After all, stocks had rallied sharply into the announcement and the underpinnings have not been super solid.
Higher Corporate Profit Margins Aren't Causing Inflation
Article By:
Mises Institute
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Wednesday, May 31, 2023 8:40 AM EDT
It is hard to ignore the headlines about US corporate profits stabilizing at their highest level in decades. This has provided plenty of ammunition for populist commentators and politicians who blame corporate greed for the sharp increase in prices.