This article outlines six low-risk investments for individuals seeking yield. The options include certificates of deposit (CDs), money market funds, Treasury securities, agency bonds, bond mutual funds and exchange-traded funds (ETFs), and deferred fixed annuities. CDs offer fixed-rate returns over a fixed period of time, typically requiring a minimum deposit a ...

Summarized By : 10/12/2023         Time Saving: 6 mins;

The UK's data protection watchdog, the Information Commissioner's Office (ICO), has issued a preliminary enforcement notice to Snap over concerns that the company failed to properly assess the privacy risks posed by its AI chatbot called My AI. The ICO's investigation found that Snap's risk assessment before launching the chatbot did not adequately assess the dat ...

Summarized By : 10/6/2023         Time Saving: 5 mins;

Long-term interest rates have surged to 16-year highs, posing a threat to hopes for an economic soft landing. The exact triggers for the move are unclear, but factors such as expectations of better US growth and concern over government debt are likely drivers. The rise in borrowing costs, along with a slump in stock prices and a stronger dollar, could slow the US ...

Summarized By : 10/4/2023         Time Saving: 7 mins;

Berlin-based startup Habyt has raised €40m ($42m) in a Series C funding round to expand its flexible housing platform, which offers six- to nine-month stays in apartments and rooms. Unlike Airbnb, Habyt focuses on medium-term rentals and manages the end-to-end experience through its tech platform, including virtual viewings and online transactions. The funding wi ...

Summarized By : 10/4/2023         Time Saving: 4 mins;

Electric Hydrogen, a clean energy startup, has raised $380 million in funding, making it the first unicorn in the green hydrogen industry. The company aims to overcome past failures in the industry by developing a more efficient electrolyzer to split water molecules and create green hydrogen. Traditional electrolyzers are expensive and consume large amounts of re ...

Summarized By : 10/3/2023         Time Saving: 4 mins;

Bill Ackman, CEO of Pershing Square Capital Management, has received approval from U.S. regulators for his special purpose acquisition company (SPAC) structure, known as Pershing Square Tontine Holdings. The Securities and Exchange Commission has given the green light to what Ackman refers to as a SPARC (special purpose acquisition rights company), which allows i ...

Summarized By : 10/2/2023         Time Saving: 1 mins;

BlackRock Inc, the world's largest asset manager, has launched an actively managed exchange-traded fund (ETF) called the BlackRock Advantage Large Cap Income ETF (BALI) that aims to replicate the success of JPMorgan's Equity Premium Income ETF (JEPI). BALI tracks dividend-paying stocks and sells S&P 500 call options to generate additional income streams. JEPI has ...

Summarized By : 9/28/2023         Time Saving: 9 mins;

Amazon Web Services (AWS) has announced several new generative artificial intelligence (generative AI) innovations that aim to make generative AI accessible to businesses of all sizes. These innovations include the availability of Amazon Bedrock, a fully managed service that provides access to foundation models (FMs) from leading AI companies. FMs are large machi ...

Summarized By : 9/28/2023         Time Saving: 6 mins;

The article discusses the potential for a government shutdown and its impact on the IRS. It recalls the 2018 government shutdown, which resulted from Congress's failure to agree on a budget solution. The shutdown lasted 35 days and caused a backlog of 5 million unanswered pieces of mail, severely impacting IRS operations. The IRS struggled to catch up and was fur ...

Summarized By : 9/28/2023         Time Saving: 8 mins;

Security researcher Sam Curry experienced a chilling effect after being detained by US federal agents, who searched his phone and ordered him to testify to a grand jury, only for prosecutors to drop the investigation later. Curry, a security engineer at blockchain firm Yuga Labs, was questioned at Dulles International Airport in Washington DC about a phishing cam ...

Summarized By : 9/27/2023         Time Saving: 5 mins;

JPMorgan CEO Jamie Dimon has warned that the world is unprepared for the potential stress of interest rates reaching 7%. In an interview with the Times of India, Dimon expressed caution about the uncertain macroeconomic backdrop and the deepening government deficit. He noted that deficits cannot continue forever and that interest rates may need to rise more than ...

Summarized By : 9/27/2023         Time Saving: 10 mins;

According to SimilarWeb, ChatGPT is the leading generative AI (GenAI) product, garnering 1.6 billion monthly visits and 200 million users. However, other GenAI products are also gaining popularity, with 80% of the top 50 GenAI web products being new websites that emerged in the past year. Notably, only five of these products are from big tech companies, while 48% ...

Summarized By : 9/26/2023         Time Saving: 1 mins;

According to SimilarWeb traffic data, ChatGPT is now the leading generative AI (GenAI) product, with 1.6 billion monthly visits and 200 million users. However, other GenAI products are also gaining popularity, with 80% of the top 50 GenAI web products being new websites that emerged in the past year. Out of these, only 5 are products of existing big tech companie ...

Summarized By : 9/26/2023         Time Saving: 1 mins;

According to SimilarWeb traffic data as of June 2023, ChatGPT has become the leading generative AI (GenAI) product with 1.6 billion monthly visits and 200 million users. However, other GenAI products are also gaining traction. Among the top 50 GenAI web products, 80% are new websites that have emerged in the past year. Only 5 of the companies on the list are prod ...

Summarized By : 9/26/2023         Time Saving: 7 mins;

The broken business model in the antibiotic industry is hindering efforts to combat superbugs, as startups struggle to sell their products and turn a profit. While six startups have received FDA approval for new antibiotics since 2017, all of them have either filed for bankruptcy, been acquired, or shut down. The main issue is that the traditional model for produ ...

Summarized By : 9/26/2023         Time Saving: 3 mins;

The office market in Atlanta is struggling despite the city's booming population and job market. Vacancy rates are rising, office values and rents are falling, and developers are delaying new projects. The city's office-vacancy rate has increased to 14.7%, and sublease space stands at a record 9.1 million square feet. Companies like Coca-Cola, NCR, and McKinsey h ...

Summarized By : 9/25/2023         Time Saving: 4 mins;

Anthropic, an AI safety and research company, has selected Amazon Web Services (AWS) as its primary cloud provider and will utilize AWS Trainium and Inferentia chips to train and deploy its future foundation models. The collaboration aims to make Anthropic's models widely accessible to AWS customers and provide early access to unique features for model customizat ...

Summarized By : 9/25/2023         Time Saving: 9 mins;

The U.S. is facing a long-term labor crisis due to a combination of factors such as retirements, low birth rates, changing immigration policies, and worker preferences, according to economists and business leaders. The labor shortages are not expected to change dramatically in the coming years, even as the labor market softens. The baby boomer generation, the lar ...

Summarized By : 9/25/2023         Time Saving: 4 mins;

Bitcoin and other cryptocurrencies experienced a drop in prices, nearing key levels, due to a broader slump in risk-sensitive assets. Bitcoin has fallen 2% in the past 24 hours, trading below $26,100 and approaching the $26,000 level that has provided support for the cryptocurrency over the past month. The failure to maintain recent gains, after trading above $27 ...

Summarized By : 9/25/2023         Time Saving: 3 mins;

Utility stocks have been underperforming this year as investors flock to technology and other growth sectors. However, this presents an opportunity for income-seeking investors to consider utility stocks, as their relative valuation compared to the broader market is at historic lows. Despite their recent poor performance, the fundamental outlook for utilities rem ...

Summarized By : 9/25/2023         Time Saving: 4 mins;