Author: Angel City Editorial Team

Eindhoven-based LUMO Labs, a Dutch fund manager that runs an impact-focused investment fund in emerging technologies, announced on Tuesday the launch of a new €100 million fund, the LUMO Rise Fund. Through the fund, the Dutch VC aims to invest in 30-35 European impact-driven start-ups focused on the development and application of emerging digital technologies for a greener and more resilient society. The LUMO Rise Fund expands LUMO Labs’ investment strategy to focus on the integration of physical and digital reality in society. It provides additional capital for geographic diversification and additional lending, enhancing financial, social and environmental returns on…

Take the example of Shapermint, a direct-to-consumer fashion brand that used generative AI to scale its influencer program: The company’s in-house team developed an agent (named “Altair” after its stars) that can generate scripts and storyboards for TikToks and Instagram Reels and distribute them to influencers. Massimiliano Tirocchi, chief marketing officer at Shapermint’s Uruguayan parent company Trafilea, which has lofty ambitions to use AI to “power the entire creative process,” is using Altair for routine tasks previously handled by its in-house marketing team. Nine months after the tool’s release, he said, his team has reduced production time for influencer creative…

Downward angle icon Downward angle icon. “I don’t care if he poops his pants or can’t form a sentence. If he proves that he can’t do the job, I’m going to say, ‘Okay, maybe it’s time for me to quit,'” Whoopi Goldberg (left) said of President Joe Biden (right). Todd Owyoung/NBC via Getty Images; Samuel Corum via Getty Images Whoopi Goldberg said she wasn’t bothered by the recent debate between Joe Biden and Donald Trump. “I always have a poopy day. I step in more poop than you can imagine,” she said Monday. Goldberg said people should give Biden a…

Stocks to buy and sell: With no major significant signals in the morning trade, the major benchmark indices of the Indian equity market started the week trading activity sideways. The Nifty 50 index fell in the early part of the day and tested the levels below 24,250. However, bulls took control in the second half of the day, pushing the major benchmark indices higher, ending near the day’s high, without any significant change from the previous day’s close.According to Sumeet Bagadia, Executive Director, Choice Broking, the Indian equity market is trading sideways after a major catalyst. However, Choice Broking experts…

Get your free copy of Editor’s DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.This article is the latest in the FT’s financial literacy and inclusion campaign.As David Penn presses the computer keys, the Wheel of Fortune spins on the whiteboard at the front of his financial literacy classroom for teenagers, coming to a halt with a heartbreaking scenario: “My neighbor’s air conditioner leaked water and destroyed my computer.”Some students laugh with relief because they’ve allocated one of the 17 plastic beans on the worksheet in front of them to the insurance premium, while others sigh as…

AUGUSTA, Ga. (WJBF) – For many families, buying a quality Christmas tree from Gay’s Christmas Tree Farm has become a winter tradition. But owner Matthew Gay never expected what happened at 10pm on Saturday night. “A very observant neighbor heard a very sharp boom of thunder, looked outside and saw smoke and then small flames coming from a tree or the house, but it was hard to tell,” Gay said. However, the smoke and fire were determined to have come from Gay’s own home. He was three hours away on his family’s annual trip to Edisto Beach when a neighbor…

“The time to invest in hotel technology is now.” That was the consensus among attendees at the industry’s premier Hospitality Industry Technology Expo and Conference (HITEC), held last month in Charlotte, North Carolina. Topping the list of most sought-after solutions was a platform with open APIs that could consolidate multiple systems into one, centralize guest data, streamline payment processing, monetize experiences, and protect assets amidst unexpected disruptions. Discussions included connecting the tech stack, navigating AI, leveraging real-time data, leveraging experiences, and putting payments at the heart of the guest experience. We learned that AI and machine learning continue to be…

Billionaire Mike Bloomberg’s $1 billion gift to Johns Hopkins University will make medical school tuition free for most students and increase scholarships for students enrolled in nursing, public health and other graduate programs.In a letter published Monday in the Bloomberg Foundation’s annual report, Bloomberg cited the twin challenges of declining health and education. The donation is a powerful endorsement of the value of higher education at a time when academia is increasingly under political attack.”As America struggles to recover from a severe decline in life expectancy, our nation faces a serious shortage of doctors, nurses and public health professionals. Yet…

Equity Market Today: Absent any major significant indications, Indian equity markets ended lower on Monday. The Nifty 50 index ended marginally lower at 24,320, while the BSE Sensex fell 36 points to close at 79,960. The Bank Nifty index fell 234 points to close at 52,425. Cash market trading volumes on the NSE fell 7% to Rs 1.45 trillion. Broad market indices fell more than the front-runners, despite the gainers-to-losses ratio declining to 0.65:1.Tuesday Trade SetupsCommenting on the outlook for Nifty today, Nagaraj Shetty, Senior Technical Research Analyst, HDFC Securities said, “The short-term trend for Nifty remains positive. The range…

Equity markets are thriving, and no immediate setbacks seem likely to halt India’s record-setting rally. While investors watch the benchmark indexes rally amid a mix of excitement and trepidation, they should also keep an eye out for less obvious developments on Dalal Street that could signal a longer bull run.Bull market rises and bear market declines are part of the stock market cycle, but they don’t occur within a pre-determined time frame. Different phases of the bull market itself unfold at different times. Extended bull markets usually indicate periods of excess wealth, when stocks continue to rise despite warnings.The current…