Bitcoin's Coronavirus Selloff Throws Cold Water On Safe-haven Argument
As U.S. stocks tumbled on Monday by the most in six months amid renewed coronavirus fears, bitcoin barely budged - at least in terms of the notoriously volatile cryptocurrency’s trading history.
Jason Kenney Needs To Drum Up A New Reputation For The Oil And Gas Sector
Max Fawcett: Alberta's energy sector should highlight the weaknesses in other market-oriented oil and gas regions like Texas, where gas flaring and water management are more lax The post Jason Kenney needs to drum up a new reputation for the oil and gas sector appeared first on Macleans.ca.
Coronavirus Poses Tough Challenge For Economic Policymakers >> Albuquerque Journal
WASHINGTON -- The fast-moving coronavirus isn't just confounding health officials. It's also bedeviling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that's reached 37 countries and territories, infected 80,000 people and killed 2,700 worldwide. They don't know where or how fast the virus will spread. They can't draw [...]
Self-driving Startup Pony.ai Raises $500M In Toyota-led Funding
Toyota's $400m cheque marks its biggest investment in a self-driving firm with a Chinese background. The post Self-driving startup Pony.ai raises $500m in Toyota-led funding appeared first on DealStreetAsia.
Sambanova Systems Raises $250M For Software-defined Ai Hardware | Venturebeat
SambaNova, which is developing software-defined hardware for AI workloads, has raised $250 million in a series C financing round. : The infrastructure required to handle AI workloads is often as complex as it is sprawling, but a cottage industry of startups has emerged whose focus is developing solutions for end customers. SambaNova Systems is one such startup -- the Palo Alto, California-based firm, which was founded in 2017 by Rodrigo Liang and Stanford Professors Kunle Olukotun and Chris Re, provides systems that run AI and data-intensive apps from the datacenter to the edge.
Iota Being Shut Off Is The Latest Chapter In An Absurdist History
IOTA's 12-day outage shows the crypto markets aren't rational, at least not yet. : The IOTA coordinator node responsible for confirming all transactions has been offline for more than 12 days, yet the token remains listed as one of the top 30 cryptocurrencies by market cap, according to OnChainFX. Its price even went up. There are few cryptocurrencies as notorious as IOTA, which skyrocketed from $0.34 a token in November 2017 to $5.36 by the top of the token boom in December 2017.
Revolut Valued At $7.7B After Funding Round, Banking News & Top Stories - The Straits Times
February 26, 2020 5:00 AMLONDON * Digital banking app Revolut has raised US$500 million in a fresh funding round, confirming the British-based business as one of the world's most valuable financial technology firms with a valuation of US$5.5 billion (S$7.7 billion).
Coronavirus Outbreak A Headache For Economic Policymakers
Central bankers are struggling to assess the economic damage from an outbreak that's reached 37 countries and territories, infected 80,000 people.
Crispr Gene Editing Wins Japan Patent Case - Nikkei Asian Review
TOKYO -- A Japanese court ruled Tuesday in favor of a patent application by a U.S. institute on the breakthrough CRISPR-Cas9 gene-editing technique, in a win for a technology embroiled in intellectual property disputes worldwide. If the ruling is upheld, drugmakers and other companies would be required to pay license fees to use the technique for commercial purposes. Makiko Takabe, chief judge of the Intellectual Property High Court, rejected the Japan Patent Office's decision on one of two applications made by the Broad Institute, part of the Massachusetts Institute of Technology and Harvard University.
Simpson Organization Scores $48M Recap For Atlanta Office Portfolio
The company acquired the two-building, 348,399-square-foot property in 2015 for $53.4 million. : The Simpson Organization has received $48.4 million in financing for the recapitalization and lease-up of Sterling Pointe, a two-building, 348,399-square-foot office portfolio in Atlanta's Central Perimeter. PCCP LLC provided the bridge loan due to mature in 2023, according to Yardi Matrix data. The Simpson Organization purchased the Class A asset in 2015 for $53.4 million from Rubinstein Partners.
Bloomberg, Bezos: Billionaires Face Criticism Alongside Rising Power
Money talks in a capitalist society. But amid rising inequality, some Americans are wondering whether there is such a thing as being too wealthy.