Apr 12, 2024 | Markets
OpenAI is now 4% of Ark Venture Fund, just behind Anthropic Ark’s Winton calls foundation model progress ‘mind-blowing’ Cathie Wood’s Ark Investment Management has announced that it holds a stake in Silicon Valley artificial intelligence darling OpenAI, a bet that the...
Apr 12, 2024 | Markets
Inflation isn’t falling as rapidly as it did last year, and consumers are taking notice. On Friday, the latest University of Michigan survey showed consumers expect inflation to hit 3.1% in the next year, an increase from expectations of 2.9% seen during March....
Apr 12, 2024 | Markets
New plants opening in the US south struggling to fill openings Workers don’t want to give up low-interest mortgages to move Manager recruits in the industrial Midwest are shunning offers to move to the American south — in part because they’re locked into super-low...
Apr 12, 2024 | Markets
Says L’Oreal is fundamentally ‘good company’ but expensive Carmignac fund is long Adidas, Prada and short Nike, Burberry French cosmetic giant L’Oreal has returned close to 12% annually for the past 20 years, but Malte Heininger, manager of Carmignac’s Long-Short...
Apr 11, 2024 | Markets
New Zealand consumer spending was sluggish in the first three months of the year, indicating the economy remains weak. First-quarter retail purchases on credit and debit cards rose 0.1% from the fourth quarter, when they declined 0.9%, Statistics New Zealand said...
Apr 11, 2024 | Markets
Singapore’s economy expanded slower than economists forecast, as a spending boost from increased tourism spurred by Taylor Swift concerts failed to offset a decline in manufacturing output. Gross domestic product grew 0.1% in the quarter ended March from the prior...
