In 2019, Adam Moelis founded Yotta, a fintech startup with the intention of providing Americans with a novel approach to saving money. However, what began as a venture to help individuals navigate life’s financial ebbs and flows, has now turned into a source of immense anguish for countless customers. The troubles for Yotta commenced on
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Billionaire investor Bill Ackman has taken a major step by selling a 10% stake in Pershing Square, a move aimed at eventually making his investment firm public. The fundraising round saw the company raise $1.05 billion, representing 10% of the management company and suggesting a valuation of $10.5 billion. The investors involved in the deal
France is making its name known in the world of artificial intelligence, positioning itself as the next superpower in this technological field. The Viva Technology conference held in Paris was abuzz with discussions about France’s advancements as an AI leader. One notable highlight was the French AI firm H, previously known as Holistic, which secured
The recent downside correction in USD/JPY from the 157.70 zone is a cause for concern. While there is a major bullish trend line forming with support at 156.00 on the 4-hour chart, the pair started a downside correction and traded below 157.20. The move below the 23.6% Fib retracement level of the upward move raises
Renowned short seller Jim Chanos has vehemently denied the accusations brought against him in a recent lawsuit. He referred to the claims as “false, baseless and defamatory” in a statement given to CNBC. The lawsuit, filed by Conlon Holdings, a Chicago-based firm headed by Sean Conlon, alleged that Chanos had used his company as a
While clean energy stocks may be facing challenges in the public market, the private market is showing a great appetite for companies focused on decarbonization. Clean Energy Ventures recently raised $305 million for its second fund, exceeding the initial target of $200 million. Limited partners like The Grantham Foundation and Builders Vision showed strong interest,
The silver price continues to climb, reaching $32.25 in the European session with a 0.50% increase. This upward trend is largely attributed to the rising industrial demand for silver, particularly in sectors such as photovoltaics. The Silver Institute projects a 9% increase in industrial demand for silver, indicating a positive outlook for the white metal.
The GBP/USD pair is currently experiencing a surge in bullish momentum as it climbs above the 1.2700 zone. This increase is supported by a key rising channel with resistance at 1.2785 on the 4-hour chart. The British Pound has managed to form a base above the 1.2640 zone against the US Dollar, indicating a potential
In the dynamic world of exchange-traded funds (ETFs), one provider is making a bold move by betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments recently introduced the GLP-1 & Weight Loss ETF (OZEM), highlighting prominent players like Eli Lilly and Novo Nordisk, alongside emerging companies in the weight loss and diabetes
In a strategic move to expand its international reach and compete with China-based rivals such as PDD Holdings and Shein, Alibaba’s international e-commerce platform, AliExpress, has announced its biggest global brand ambassador partnership to date with soccer star David Beckham. This partnership comes at a crucial time when competition in the global e-commerce market is
The Euro has managed to maintain its position above the crucial 1.0800 level against the US Dollar, creating a sense of optimism in the market. The recent uptrend has seen the pair break above the 1.0825 resistance level and settle comfortably above the 200 and 100 simple moving averages on the 4-hour chart. This indicates
Argentine President Javier Milei has recently announced plans to implement a “significant” tax reduction in efforts to reduce state intervention in the economy and combat the ongoing economic crisis. However, the road to achieving this goal is not without its challenges. Despite Milei’s ambitions, he faces resistance in Congress, where he only holds a minority