Author: News Room

Reddit went public Thursday after raising $748 million in its initial IPO.IPOs are normally a day of celebration for companies.But Reddit’s co-founder took to X to call out a perceived slight by investor Initialized Capital. IPOs are typically a day reserved for celebration. But it’s not all sunshine and roses for Reddit, whose co-founder and early investors are bickering on social media.Alexis Ohanian, who co-founded Reddit in 2005 alongside Steve Huffman, took to X, formerly known on Twitter, on Thursday afternoon to call out Initialized Capital — the VC firm that he co-founded with Y Combinator’s Garry Tan — for…

Trump raised the idea of providing US aid to Ukraine via loan so that it might get paid back.But Republicans on Capitol Hill are skeptical that will happen.”I just think a loan ends up being a grant,” said one House Republican. There’s a relatively new idea floating around the political world, and it’s being pushed by former President Donald Trump: What if Ukraine aid came in the form of a loan?”We should loan them the money,” Trump said at a rally in Ohio on Saturday. “If they make it — they’re against tremendous odds — but if they make it,…

By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. This week’s busy global central bank agenda was manna for stock market bulls who especially welcomed the Federal Reserve decision to stand dovishly pat, for now, and a surprise Swiss National Bank rate cut deemed a foreshadowing of where its peers were heading easing-wise this year.  The question for Asia after stocks in Tokyo and Taiwan hit record highs Thursday is whether a breather is in store or another round of yet higher highs across timezones. European stock indexes stretched deeper into uncharted territory on Thursday.…

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Yiren Digital (ticker: NYSE:) has reported significant growth for the fourth quarter and fiscal year 2023, underpinned by a strong 72% increase in total loan volume and a 59% rise in the number of borrowers served year-over-year. The company’s revenue for the full year reached RMB 1.3 billion, marking a 17% increase from the previous year. With a focus on AI-driven financial and lifestyle services, Yiren Digital is setting its sights on continued expansion, projecting full-year 2024 revenues to be between RMB 5.8 billion and RMB 6.8 billion. Despite a slight uptick in the delinquency rate, the company anticipates a…

By Clark Mindock (Reuters) – A U.S. judicial panel on Thursday consolidated at least nine lawsuits challenging the U.S. Securities and Exchange Commission’s new rules requiring public companies to report climate-related risks in a venue favored by Republican-led states and a business group. The St. Louis-based 8th U.S. Circuit Court of Appeals was chosen randomly via a lottery and will consider the legal challenges to the landmark rule, which aims to standardize public company disclosures about greenhouse gas emissions, weather-related risks and how they are preparing for the transition to a low-carbon economy. The court, which has 10 Republican-appointed active…

About 10% of US workers are in jobs that face the greatest risk of disruption from rapidly evolving artificial intelligence, according to a White House analysis shared first with CNN. The report represents the most in-depth analysis to date by the White House on the impact of AI on the US workforce. It finds that workers with less education and lower income are especially exposed to AI, raising the risk that the technology could amplify inequality. The findings are part of the Council of Economic Advisers’ annual Economic Report of the President, which devotes an entire chapter to AI and…

Canadian Dollar rises, but USD rises faster. Canada brings Retail Sales data to fore on Friday. US PMIs came in mixed on Thursday. The Canadian Dollar (CAD) was broadly higher on Thursday, climbing against most of its major currency peers, but the US Dollar (USD) was bid higher, faster. Investors are paring back Greenback selling after a Fed-fueled midweek splurge, bolstering the US Dollar across the board. Canada will return to the economic calendar with meaningful data on Friday. Retail Sales figures for January are expected to decline around half a percent after rising nearly a full percent in December.  Daily…

Court bars MetaBirkins NFT creator from museum display, citing trademark concerns raised by Hermès lawsuit. Mason Rothschild, the artist behind the controversial MetaBirkins NFT, has been banned from showcasing the pieces at a museum exhibition for Stockholm-based Spritmuseum after Hermès won a trademark lawsuit against them, court documents from March 13 revealed. Spritmuseum’s MetaBirkins NFT Display Would Cause “Deep Concerns,” Judge Says Rothschild (also known as Sonny Estival) was found liable for trademark infringement last month after French fashion house Hermès sued him over the MetaBirkins NFT project. Rothschild claimed the project, which depicted the designer company’s iconic Birkin bag…

Dan Buettner has spent 20 years studying the world’s longest-lived people during which he created the term “blue zones,” to describe places around the world where residents live longer than the average person. Okinawa, Japan, Sardinia, Italy and Nicoya, Costa Rica are all blue zones, according to Buettner’s research.The 63-year-old also picked up some habits from the people he studied in these areas that have become key to his own health. “I know what they do as populations to live a long time, and I’ve certainly learned their lessons,” he tells CNBC Make It. “My doctor tells me I’m in…