Alphabet Inc.’s Google is facing mounting pressure from child development experts to stop AI-generated videos from being shown or recommended to children on YouTube and YouTube Kids. On Wednesday, over 200 experts, organisations, and educational institutions sent a letter to Google CEO Sundar Pichai and YouTube CEO Neal Mohan, raising concerns about the educational value
US banks are raising borrowing costs for some loans to private credit funds amid growing concerns over valuations, a shift that could pressure returns and curb new lending, according to a Reuters report. The higher pricing is showing up in back leverage facilities tied to business development companies, or BDCs, reversing a period of compressing
As Brent crude prices soar amid escalating tensions in the Gulf, the oil trading landscape faces unprecedented challenges, according to Baron Lamarre, co-founder of International Digital Exchange, an expert in energy markets and former trader at Petronas and Shell. In an interview with Invezz, Lamarre highlighted how traditional oil trading is being stress-tested at its weakest
The S&P 500 Index continued its strong downward trend last week as the Iran war continued, pushing crude oil and natural gas prices higher. The SPX index fell to $6,368, its lowest level since August last year. It has fallen in the last five consecutive weeks. S&P 500 Index in focus as Iran war takes
Wall Street opened lower on Friday, as the ongoing Middle East conflict continued to weigh on investor sentiment despite a delay in potential US military action against Iran’s energy infrastructure. The Dow Jones Industrial Average fell 333 points, or 0.7%, while the S&P 500 slipped 0.6% and the Nasdaq 100 declined 0.75%. The cautious tone
US jobless claims rose slightly last week, suggesting that while hiring has slowed, employers are still holding back from large-scale layoffs in an increasingly uncertain economic environment. Data released by the Labor Department showed that initial claims for unemployment benefits rose to 210,000 in the week ending March 21, up from 205,000 a week earlier.
Snap stock price has crashed to an all-time low as concerns about its business continued. It dropped to a low of $4.36, down from its all-time high of $83, with its market capitalization falling from over $125 billion in 2021 to $7.3 billion. Snap’s growth in North America has stalled Snap, the parent company of
Oobit has launched Oobit Business, a new platform that enables companies to run corporate finance operations directly from stablecoin balances. The milestone marks the latest move for the Tether-backed crypto payments app in its effort to integrate stablecoins with day-to-day spending and now in running company operations. It also strategically coincides with the growing adoption
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest public holder of Bitcoin, continued adding to its cryptocurrency reserves last week, though at a significantly slower pace compared to its recent large-scale purchases. The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission
It’s only March, and investors have already absorbed a hot war in the Middle East, a credit system showing cracks, a brutal tech repricing, and two of the world’s most trusted safe-haven assets selling off in the middle of a crisis. The market feels chaotic because it genuinely is, and what makes this moment unusual