Author: Angel City Editorial Team

As global CIO of JPMorgan Chase, Lori Beer oversees a massive IT operation larger than most companies, involving a team of 63,000 people worldwide and an annual budget of $17 billion (at last count), roughly 10% of JPMorgan’s total revenue last year. The bank moves $10 trillion (that’s 10 with 12 zeros after it) every day, and is the largest bank in the U.S. by deposits and online customers. It’s a massive undertaking that requires extensive cloud infrastructure services, on-premise data centres, mobile infrastructure and a range of other digital technologies just to run the bank’s trading operations – not…

What happens if a recession hits?Getty An analysis by BCA Research, as reported by Fox Business, warns that the U.S. economy could fall into a recession as soon as 2024 or 2025. While recent statements from the Federal Reserve suggest this is not the case, it is wise to consider the possibility of a recession just in case. Below are some strategies and considerations that can help you prepare and cope financially if the U.S. economy falls into a recession. 1. Prepare an emergency fund An emergency fund acts as a financial safety net if your income is interrupted; it…

On a good day, our smartphones are used to kill time, text friends, or work poolside while pretending to be at a desk.During natural disasters like wildfires, earthquakes, and hurricanes, smartphones can also be a lifeline, providing up-to-date emergency information, sharing your location, getting to safety, and calling 911.Emergency planning is often about surviving without technology. When a major disaster strikes, electricity and cell service may be down for hours or even days. But you can and should have technology-based backup plans, like keeping your cell phone working until you can contact your family again and making sure you have…

20:00 ▪ 3 min read ▪ Author: Luc Jose A. The rise of spot Bitcoin ETFs marks a major breakthrough for the cryptocurrency world. But despite the regulatory approval and commercial success of these products, the majority of advisors remain reluctant to recommend cryptocurrencies to their clients. Seemingly successful, but cautious implementation Since the first spot Bitcoin ETF was approved in January, the cryptocurrency market has seen impressive inflows, with over $14.6 billion invested in these products. Yet, despite this undeniable success, the majority of financial advisors remain reluctant to recommend cryptocurrencies to their clients. According to a survey conducted…

Angel City FC and NJ/NY Gotham FC meet in NWSL action on Saturday, streaming live for free today on Fubo. On Saturday, Angel City FC and NJ/NY Gotham FC will meet in NWSL action. The match will air on ION at 10pm ET and can be streamed live on Fubo. Gotham FC comes into the day sitting in fourth place in the NWSL standings with 28 points. The team has eight wins, four draws, and three losses. Angel City is in 11th place with 15 points. The team has four wins, three draws, and eight losses. What will happen when…

Downward angle icon Downward angle icon. BlackRock has acquired Mark O’Hare’s data company, Preqin. Leonardo Munoz/VIEWpress Preqin employees are getting paid after BlackRock bought the company for $3.2 billion. They’ll split about $650 million, some of them billionaires. Preqin founder Mark O’Hare and his wife will get about $2 billion after taxes. BlackRock’s $3.2 billion acquisition of data firm Preqin means some of the firm’s employees are poised to receive huge paydays.The acquisition, announced June 30, made Preqin founder Mark O’Hare and his wife billionaires.O’Hare, who owns about 80% of Preqin through Valhalla Ventures, is set to realize about $2.6…

Bruce Helmer and Peg Webb There are many definitions of financial wellness, but in our view, it refers to the degree to which you have achieved financial security and freedom of choice in the present and future across four dimensions: budgeting, saving, investing, and planning. Concerns about financial stability continue to dominate the U.S. economy as workers struggle to recover from inflationary stressors and market volatility. These were the top two financial wellbeing issues for 72% of workers, according to a 2023 survey of workers by global investment consulting firm Mercer. As a result of this new view of financial…

Generative AI models don’t process text in the same way that humans do, and understanding their “token”-based internal environment might help explain some of their quirky behavior and stubborn limitations. Most models, from tiny on-device models like Gemma to OpenAI’s industry-leading GPT-4o, are built on an architecture called a Transformer. Because of the way Transformers create associations between text and other kinds of data, they cannot take in and output raw text — at least, not without a massive amount of computation. Therefore, for practical and technical reasons, today’s Transformer models work with text split into small, bite-sized pieces called…

Abu Dhabi Autonomous Racing League KTM has parted ways with MotoGP Technical Director Fabiano Sterlacchini after failing to agree on the terms of a contract extension.Sterlacchini joined KTM as KTM’s marquee signing for 2021 and was seen as a major coup for the German manufacturer as he was seen as the right-hand man to Ducati technical guru Gigi Dall’Igna during a period in which the Ducati Desmosedici was transformed from a flawed and limited machine into a dominant force in MotoGP.His arrival as technical director came as part of something of an organisational restructuring, as it soon became clear that…

Financial services group JM Financial said on Saturday it has decided to consolidate the holdings of its wholesale debt syndications and non-performing loan businesses onto a single platform.The combination is aimed at leveraging JM Financial Group’s expertise to achieve higher risk-adjusted returns and move towards a diversified syndication model.”The board of directors meeting held today has approved the acquisition of 42.99 per cent equity stake in JM Financial Credit Solutions Ltd by JM Financial Ltd for approximately Rs 1,282 crore,” the company said in a statement.Further, the board also approved “JMFCSL to acquire 71.79% equity stake in JM Financial Asset…