Finance
Banks retreat from climate change commitments – but it’s business more than politics
Banks retreat from climate change commitments – but it’s business more than politics Banks that joined net-zero alliances to combat climate change have largely retreated from their commitments due to business interests over politics, with fossil fuels continuing to be profitable and loans to oil and gas companies surging. The collapse of these alliances was […]
📰 News
OpenAI Reaches a Deal to Settle Financial Issues with Its Partner Microsoft
OpenAI Reaches a Deal to Settle Financial Issues with Its Partner Microsoft OpenAI has reached a deal to settle financial issues with its partner Microsoft, which invested $13 billion in exchange for 49% of OpenAI’s future profits. The deal involves restructuring their relationship and signing a nonbinding memorandum of understanding, with plans to formalize it […]
📰 News
No credit history? No problem − new research suggests shopping data works as a proxy for creditworthiness
No credit history? No problem − new research suggests shopping data works as a proxy for creditworthiness Researchers found that shopping data can be used as a proxy for creditworthiness, particularly for individuals with no credit history. The study, conducted in Peru, linked loyalty-card data from a large retailer with the national credit registry and […]
📰 News
The Google Finance page is getting an AI makeover
The Google Finance page is getting an AI makeover Google is revamping its Google Finance page to include AI-powered features, starting with a chatbot that can answer finance-related questions. The new Google Finance will also feature enhanced charting tools, including technical indicators and candlestick charts, to help users visualize market data. The revamped platform will […]
💻 Technology
When it comes to finance, ‘normal’ data is actually pretty weird
When it comes to finance, ‘normal’ data is actually pretty weird Business researchers often rely on assumptions when analyzing financial data, but these assumptions can be flawed, leading to incorrect conclusions. The normal distribution assumption, a central concept in statistics, may not hold true for real-world financial data, which can lead to distorted results and […]
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Educational Publisher McGraw-Hill Files For an Initial Public Offering
Educational Publisher McGraw-Hill Files For an Initial Public Offering McGraw-Hill, an educational publisher backed by billionaire Tom Gores’ Platinum Equity, has filed for an initial public offering (IPO) to repay debt. The IPO will trade on the NYSE under the symbol MH and is being led by Goldman Sachs as the underwriter. McGraw-Hill has a […]
📰 News
Older adults with dementia misjudge their financial skills – which may make them more vulnerable to fraud, new research finds
Older adults with dementia misjudge their financial skills – which may make them more vulnerable to fraud, new research finds Older adults with dementia often misjudge their financial skills, making them more vulnerable to fraud. A recent study found that people without dementia are generally aware of their financial abilities and this awareness improves over […]
🏥 Health
Anne Wojcicki is taking back control of 23andMe
Anne Wojcicki is taking back control of 23andMe Anne Wojcicki is buying back 23andMe after it filed for Chapter 11 bankruptcy protection earlier this year. The new purchase agreement is worth $305 million, following a final round of bidding between TTAM and Regeneron Pharmaceuticals. Regeneron was initially set to buy 23andMe for $256 million, but […]
💻 Technology
OpenAI Claims It Reached $10 Billion In Annual Revenue
OpenAI Claims It Reached $10 Billion In Annual Revenue OpenAI has reached $10 billion in annual recurring revenue (ARR), up from $5.5 billion last year, driven by its ChatGPT business products and developer API. The company now serves over 500 million weekly active users and aims to achieve $125 billion in revenue by 2029. OpenAI […]
💻 Technology
Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care
Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care Walgreens’ recent acquisition by private equity firm Sycamore Partners for $10 billion marks a significant turning point for the pharmacy chain, which has faced financial pressures and declining sales in recent years. The deal raises questions about Sycamore’s […]
🏥 Health