Author: Anthony M. Orbison

(Reuters) – Apple (NASDAQ:) has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street Journal said on Friday. The tech giant recently fell out of the talks for the round, set to close next week, the newspaper said, citing a person familiar with the matter. Other firms, such as Microsoft (NASDAQ:) and Nvidia (NASDAQ:), have also been in talks to participate, the report said, adding that Microsoft was expected to invest about $1 billion after having already poured $13 billion into the company. Last month, the Journal first reported that Apple…

Staking protocol Bedrock confirmed their platform was infiltrated by a bug involving uniBTC, which allowed users to exchange a uniBTC with an ETH token. Bedrock announced through an X post on Sept. 27 that they are aware of the security breach and the issue is currently “handled” by their team. They also assured users that the remaining funds were safe and they plan to launch a reimbursement plan in the near future, estimating the total loss to be approximately $2 million in digital assets. That being said, a user on the platform found that the bug allowed for them to…

The most recent major hurricanes to hit the U.S. left hundreds of people dead and caused billions of dollars worth of damage. HURRICANE BERYL – 2024 Hurricane Beryl was the first of the 2024 Atlantic hurricane season, according to the National Oceanic and Atmospheric Administration. Exceptionally warm ocean temperatures caused it to strengthen into a Category 5 storm rapidly in early July. It’s winds peaked at 165 mph (270 kph) before weakening to a still-destructive Category 4. When hurricane Beryl hit Texas, it had dropped to a Category 1 storm. Beryl has been blamed for at least 36 deaths. The storm caused an estimated…

Working on a cruise ship seems like an adventure, and in many ways it is. But there are sacrifices: Crew members work long hours and get little time off.Their ships may take them to exotic locations, but they may not have time off in many ports so they can explore. And even when crew members have a few free hours, they often need to spend that time completing mundane tasks like doing laundry and cleaning their cabins. Related: Royal Caribbean crew member shows off tiny crew cabinIn addition, while passenger cabins are small, crew cabins are even smaller. They also…

Cardano (ADA) founder Charles Hoskinson has bashed Ethereum in a recent interview, labeling the network a “dictatorship.” Hoskinson bashed the network and its governance structure, saying that Ethereum founder Vitalik Buterin has too much say and power over the direction the network goes.The Cardano founder goes on to compare Ethereum to how his decentralized platform is run. He claims that Cardano avoids this pitfall through its Voltaire-era governance model. This upgrade places decision-making in the hands of the community, thus preventing the concentration of power in any one person’s hands.Cardano Founder Stirs Up Controversy: Bashes Buterin and EthereumSource: UnsplashFurther emphasizing…

Intel (NASDAQ: INTC) has struggled in recent years as Nvidia and longtime rival Advanced Micro Devices began to surpass it technically. So far, efforts to catch up have fallen short, taking its stock to multiyear lows.Its recent performance may make investors forget that it developed the first commercially produced microprocessor and was the world’s largest semiconductor company for most of its history. Since its initial public offering (IPO), the stock has offered massive returns for its investors and a critical lesson for those not around to benefit.Growth and lessons from IntelWhen Intel launched its IPO on Oct. 13, 1971, it…

Investing.com – U.S. stocks were mixed after the close on Friday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in NYSE, the added 0.33% to hit a new all time high, while the index lost 0.13%, and the index declined 0.40%. The best performers of the session on the were Chevron Corp (NYSE:), which rose 2.47% or 3.50 points to trade at 145.49 at the close. Meanwhile, Visa Inc Class A (NYSE:) added 1.28% or 3.48 points to end at 275.17 and Unitedhealth Group (NYSE:)…

Bitcoin (BTC) is currently testing a key resistance level at $65,000 that is “pivotal” to market sentiment, according to a recent report published by Kraken on Sept. 26.The report noted that Bitcoin has reclaimed all its major moving averages, which could lead to continued bullish momentum in the coming days. It added that recent price action shows tight consolidation near the $65,000 area, with trading patterns indicating a state of market indecision at this critical level.However, the report emphasized that a daily close above $65,000 is necessary to confirm a bullish momentum and pave the way for higher levels. In…

Inflation: Economists anticipate the US core personal consumption expenditure price index, an inflation measure closely watched by the Federal Reserve, rose 2.7 per cent year-over-year in August, up from 2.6 per cent. The same PCE report is forecast to show consumer spending moderated to a 0.3 per cent gain on a monthly basis compared with a 0.5 per cent rise in July.US consumer sentiment: The University of Michigan’s consumer sentiment index is expected to show a final reading of 69.3 in September, up from 67.9 in August.Fedspeak: Fed governor Michelle Bowman will participate in a conversation before the Alabama Bankers…

Who is Benjamin Graham? Benjamin Graham, born Benjamin Grossbaum, is one of the most influential figures in 20th-century investing, particularly in the field of value investing. An American professor and economist, Graham and his family felt the effects of stock market crashes in both 1907 and 1929, and he would eventually create a system that determined the intrinsic value of a company through fundamental analysis.Graham was actually born in London; his family emigrated to New York City when he was a baby. The Grossbaums were Jewish and changed their name to Graham in order to avoid antisemitism and other types of…