As the AI industry continues to boom, it is crucial for startups to secure solid investments to fuel their growth and development. One such startup, Anthropic, is currently in the process of selling off an 8% stake that was previously owned by FTX, a failed cryptocurrency exchange. However, one major player seems to be missing
Finance
In recent times, the United States has experienced a significant increase in immigration, which has had a positive impact on the country’s economy. Joyce Chang, chair of global research at JPMorgan, highlighted the role of immigration in bolstering the economy amid global challenges. The Federal Reserve has raised its GDP growth projection for 2024 to
The trade tensions between Europe and China are reaching new heights, primarily due to China’s increasing ability to manufacture goods more affordably in key strategic industries. Jens Eskelund, the president of the European Union Chamber of Commerce in China, expressed his concerns about the situation, labeling it as a “slow-motion train accident.” Eskelund emphasized that
Hindenburg Research has made a name for itself in the world of public activist short-selling, taking on big-name companies and causing significant disruptions in their share prices. Founded by Nate Anderson, this New York-based firm has gained a reputation for its boldness and fearlessness, going after prominent figures like Carl Icahn and Gautam Adani. Short
China’s economic data for the first two months of the year surpassed analysts’ expectations, indicating a positive start to 2022. Retail sales saw a 5.5% increase, outperforming the forecasted 5.2% rise, while industrial production rose by 7%, compared to estimates of 5% growth. Fixed asset investment also showed growth, with a 4.2% increase exceeding analysts’