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NY Fed President Williams Says Some ‘Technical Factors’ Distorted November’s CPI Reading Downward
NY Fed President John Williams said that “technical factors” likely distorted November’s inflation data, pushing the headline reading lower.
OpenAI Is Reportedly Trying To Raise $100B At An $830B Valuation
OpenAI is in talks to raise up to $100 billion in a funding round that could value the ChatGPT maker at up to $830 billion, the WSJ reported Thursday.
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Cathie Wood Flagship Sees Highest Quarterly Outflow on Record
With markets becoming increasingly risk averse, one of the first places investors are turning their back on is high growth tech stocks.
Cathie Wood’s ARK Departs NYC With Shift to Florida Office
ARK is closing its New York office permanently at the end of October and relocating its corporate headquarters to St. Petersburg, FL
Samsung Has Lost a Fifth of Value And No One Has a Sell Rating
Having lost more than 3% so far this month, the world’s largest memory chipmaker is now down 21% from a Jan. 11 peak.
Unrelenting Political Brinkmanship Edges U.S. Closer to Default
Wall Street taking notice of political turmoil, warning growing danger for financial markets as clock ticks closer to deadlock over U.S. debt limit.