Author: Angel City Editorial Team
U.S. stocks started the week on a neutral note, with the S&P 500 and Nasdaq 100 indexes trading sideways as of midday trading in New York after both indexes hit new all-time highs last Friday. Small-cap stocks outperformed larger ones, with the iShares Russell 2000 ETF (NYSE:IWM) rising 0.8%, while the Dow Jones index of blue-chip stocks was down slightly, 0.1%. Across the Atlantic, France’s parliamentary elections ended with a surprise victory for the left, but without an absolute majority. The news sent French stocks falling on the first trading day after the election, as investors worried about higher taxes…
Business identity platform Niva has launched after raising $3.3 million for its verification solution, according to a news release on Monday (July 8). According to the release, screening for fraud and verifying the identity of small and medium-sized businesses (SMBs) by meeting domestic and international know-your-business (KYB) requirements has been a major source of friction. “The current process is almost entirely manual, flawed, varies significantly between countries and often requires weeks of email back and forth between Niva’s customers and the small businesses applying to use the product,” the release said. The company says it meets a growing need for…
TPT Global Tech and its subsidiary TPT Speedconnect have entered into a release and settlement agreement with American Tower to resolve a dispute over telecommunications tower leases and licenses. The agreement, effective June 25, 2024, includes American Tower terminating 51 licenses and reaffirming 11. TPT Global Tech will pay a settlement of $1.085 million to cover rent, legal fees and tower removal costs, which could add another $1 million. A judgment acknowledgement of up to $2.085 million in outstanding amounts has been agreed upon by December 31, 2024. The settlement will be funded by proceeds…
The 2024 World of Coffee just concluded in Copenhagen, with the announcement of four new World Coffee Champions and a slew of exhibitions and new coffee gear. It was the final show hosted by the Specialty Coffee Association in 2024, and companies from all over the world used the opportunity to debut and showcase new products. From the plethora of eye-catching equipment on display at the show, we at Sprudge have narrowed it down to a concise list of items that deserve a little extra attention. Slayer Steam Single Slayer released the first single-group machine in its Steam series, which…
The UK Monetary Policy Committee has published the Monetary Policy Summary and Record of its 11 June 2024 FPC meeting, as well as its Financial Stability Report for June. The FPC considers the overall risk environment to be broadly unchanged from the first quarter. Markets continue to price in a mostly benign medium-term outlook, with some risk premiums tightening further, even as the global risk environment faces several challenges. Some of these challenges have become more concerning and imminent. Financial policy summaries and records cover a variety of topics, including: Private equity. The FPC notes that greater transparency around valuation…
Indian equity markets posted a robust performance in June, primarily driven by small and medium sized companies. According to a report by brokerage Motilal Oswal, the Nifty Microcap 250 and Nifty Smallcap 250 indices were the best performers, clocking impressive monthly growth of 11.56% and 7.90%, respectively.The Nifty Microcap 250 index, which monitors the performance of the 250 smallest companies in the Nifty 500 universe, has been performing exceptionally well: in the past three months, six months and one year, the index has registered impressive growth rates of 21.51%, 23.48% and 75.24%, respectively.The Nifty Smallcap 250 index, which represents the…
The Real World Assets (RWA) sector combines cryptocurrencies with physical and intellectual property assets such as gold and real estate. Despite the current market volatility, this niche has maintained a market cap of $6.21 billion, a slight decrease of 5.2% from the previous day. Investors looking for stable opportunities in July should consider Pendle (PENDLE), MANTRA (OM), Ondo (ONDO), and XDC Network (XDC). 1. PENDLE Pioneering platform Pendle (PENDLE) facilitates the tokenization and trading of anticipated earnings through a proprietary automated market maker customized for assets that depreciate over time. This innovation gives investors greater flexibility and strategic opportunities regarding…
Downward angle icon Downward angle icon. Microsoft has reportedly told employees that all employees in China will be required to use Apple devices for work. Bloomberg reports that Microsoft has told its Chinese employees to use iPhones for work starting in September. The move is reportedly due to security changes and the unavailability of Google Play in China. Microsoft employees who don’t have Apple devices will reportedly be provided with iPhone 15s. Starting in September, Microsoft will reportedly require all China-based employees to only use iPhones for work.Citing an internal memo, Bloomberg reported on Monday that the tech giant has…
Apple announced new artificial intelligence services and a revamped look for its Siri voice assistant in June and plans to start testing them later this year, but a new report says some features likely won’t arrive until next year. The company’s upcoming Apple Intelligence service is set to begin testing later this year and promises a host of new features, including a revamped look, more intuitive voice controls, and integration with OpenAI’s popular ChatGPT. A new report from Bloomberg on Sunday gave more details about the release window, saying Apple plans to deliver Siri’s new look and ChatGPT integration later…
AbstractEthical integration. Responsible innovation combines human values with technological efficiency, enhancing both. Co-governance. Ensuring human oversight in AI promotes transparent and inclusive decision-making. Empowering the future. Embracing the principle of human-machine compatibility paves the way for technologies that enrich human lives.Over the past year, emerging technologies, from AI to quantum computing to virtual reality, have had an astonishing impact on reshaping industry and society as we know it. Innovation has never been faster, and meaningful change has never been more urgent. But as we dig deeper into the intersection of humans and machines, we realize we’ve only just scratched the…