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The ‘Quant King’ who shook the world of hedge funds with his secretive Renaissance Technologies has died at 86
Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine, has died. more
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Real-estate billionaire Barry Sternlicht puts his finger on the ‘impossible’ thing holding Miami back from really becoming Wall Street south: the schools
Sternlicht moved his real estate company Starwood Capital Group to Miami in 2018, but he says a lot more companies want to “move down” and can’t. more
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Philadelphia jury hits Exxon with $725.5 million verdict on mechanic’s claim that he got cancer from benzene exposure
Exxon called the verdict “irrational” and said it would ask the court to reverse it before it becomes final.  more
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After getting billions in federal funding Amtrak is ‘trying to claw 19th century and 20th century assets and pull them into the 21st century,’ CEO says
Rail infrastructure in the U.S. faces a backlog of repairs worth billions of dollars. more
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Supreme Court takes on Flo Rida case, wading into unsettled area of copyright law
The question of how far back damages can go has split appeals courts, and industry groups like the Recording Industry Association of America have called on the Supreme Court to decide. more
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Inside a Harlem charter school's unprecedented plan to give students $10,000 to invest—'the parents will definitely lose their minds'
The goal of Harlem Children's Zone new program is to close the racial wealth gap. more
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Hundreds of Virgin Hotels workers walk off the job as union organizers claim 48-hour strike is under way
The Culinary Union Local 226, the largest in Nevada, said the action marked its first strike in 22 years. more
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Birthing mothers’ near-death experience rates are 100 times higher than maternal mortality—and we don’t even know exactly why
For each death, there are 100 women who come close to dying, which is terrifying and unacceptable in the 21st century. more
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Health system operating across 19 states diverts ambulances, blocks access to medical tests after cyberattack
An Ascension spokesperson said it detected “unusual activity” Wednesday on its computer network systems. more
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Wells Fargo reports exposure to Grayscale and ProShares Bitcoin ETFs
The bank reported holding $143,111 worth of shares of the ProShares Bitcoin Strategy ETF, Grayscale Bitcoin Trust and Bitcoin Depot. more
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Apple teases new AI-focused chip for incoming iPad Pro
Instead of introducing its new line of Mac PCs in line with the firm's tradition, Apple announces a new and powerful chip that is expected to expand AI functionalities on its upgraded iPad Pro. … more
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New bill pushes blockchain use at US borders
Rep. Nancy Mace has proposed a bill that requires Homeland Security to implement blockchain technology on U.S. borders to secure and streamline operations. [...] Read More... The post New bill … more
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Private Jet Charter Service Candy Jets Now Accepts Bitcoin Payments
Customers can now pay for luxury travel using CoinCorner’s Bitcoin payment solution. more
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India’s elections use AI extensively as concerns rise over potential misuse
India is not only using AI to target voters through language translations, but it will also use it to create deepfake videos and conversational bots, raising concerns over the misuse of the tech. … more
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Jack Dorsey criticizes Bluesky for straying from decentralized ethos
Dorsey criticizes Bluesky's move from decentralization, stressing the importance of adhering to a protocol that supports free speech. The post Jack Dorsey criticizes Bluesky for straying from … more
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Jack Dorsey Predicts Over $1 million Bitcoin Price by 2030
Former Twitter CEO Jack Dorsey predicts Bitcoin could reach at least $1 million by 2030, citing Bitcoin's collaborative ecosystem and growing mainstream adoption as key price drivers. more
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Binance denies firing investigators who exposed market-maker’s manipulation
Binance can't run away from its criminal past despite pouring billions to rehabilitate its image, with a recent WSJ report unraveling evidence of market manipulation at the hands of a Web3 investor. … more
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The UK exits the recession
The UK's economy has grown The UK entered a recession in the later months of 2023 as the UK saw a decline in GDP of 0.5% and people across the country felt the effects of rising prices and interest … more
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Philippines’ first retail peso-backed stablecoin to be available in June
Wei Zhou, CEO of Coins.ph, expressed the transformative potential of the PHPC, stating that it "will empower Filipinos to transact seamlessly and securely in the digital economy." [...] Read … more
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No current need for CBDC, Central Bank of Chile finds
Poll respondents say CBDCs could benefit Chile's economy and even promote financial inclusion, but one problem hinders the country from launching one—consumer acceptance. [...] Read … more
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Tether refutes Deutsche Bank research revealing stablecoin solvency risks
Deutsche Bank analysts warn of stablecoin risks, citing Tether's lack of transparency. The post Tether refutes Deutsche Bank research revealing stablecoin solvency risks appeared first on Crypto … more
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Microsoft invests $2.2 billion to fuel Malaysia’s cloud, AI infrastructure
Microsoft will provide artificial intelligence skilling opportunities for up to 200,000 Malaysians to fuel the rising AI drive, relying on key partnerships with civil society organizations in the … more
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Dave Ramsey has new words on employees, time off and consequences
There are certain "dumb mistakes" Ramsey urges people not to make. more
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Canfor to shutter B.C. sawmill, curtail Prince George pulp mill
Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" … more
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Cancer survivor says embryos created with an ex-husband are her last chance to conceive a child. Ex-husband wants to avoid procreating against his will.
A Virginia judge will rule on the treatment of two embryos created by a couple that divorced. more
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