Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The owner of Formula 1 has made growing the US audience of MotoGP its top priority after the European Commission approved its €4.3bn acquisition of the motorcycling championship. The commission approved Liberty Media’s acquisition of Dorna, MotoGP’s Madrid-based owner, on Monday after conducting an in-depth review of the takeover that found it did not raise competition concerns. The deal creates a sports and entertainment group consisting of two of the top brands in motorsport. Liberty Media, part of US billionaire John Malone’s…
ChatGPT, the free chatbot released in November 2022 by the artificial intelligence (AI) research company OpenAI, has taken the internet by the proverbial storm. In its first years of existence, ChatGPT has been used to write essays and articles, summarize long texts, explain complicated arguments, write code, translate text, make workout plans, and even create bedtime stories for children. Some artificial intelligence experts believe that ChatGPT could revolutionize both the way that humans interact with chatbots and AI more broadly. Others have expressed serious concerns about the technology’s potential for harm. Key Takeaways ChatGPT is a chatbot released in November…
Trump Media, the parent of President Donald Trump’s social-media platform Truth Social, announced a $400 million stock-repurchase program, which could reduce the number of shares outstanding by 10%. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Strikes on Iranian nuclear facilities will turn the spotlight on to the tools of war — and particularly those with a high-tech bent. Investors are getting on board: a €600mn investment in Germany’s Helsing announced last week values the artificial intelligence software-to-drones group at €12bn. Shares in Palantir, a data-crunching US company that serves the Pentagon, are up more than 80 per cent this year; its $325bn market capitalisation is quadruple that of BAE Systems.Some content could not load. Check your internet…
When you start a new job that offers benefits, it may include a group life insurance policy, which is a nice perk. Although coverage is affordable and easy to qualify for, life insurance through your employer can often lack key benefits. For example, group life insurance may have limited coverage and is only in effect while you’re employed with the company. As a result, life insurance through your work shouldn’t replace your personal life insurance coverage. Key Takeaways Life insurance coverage you can buy through your employer is called group life insurance.Group life insurance is a term policy that typically…
If you’re worried about this move being too risky, wait until you see the top asset of those already using a 401(k) brokerage window. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The potential risk to oil prices from tensions in the Middle East is well-recognised. But what about gas? On the face of it, the natural gas market does not look anything like as exposed as the oil market. A fifth of global oil consumption transits through the Strait of Hormuz, a narrow waterway bordered by Iran. While about a fifth of liquefied natural gas supplies — super-chilled fuel carried by tankers, chiefly from Qatar — also flows through the Strait, LNG only…
Nobody knows how badly the international oil market might be disrupted by Iran. But if you want to take advantage of the uncertainty, a screen encompassing debt levels and cash flow can limit your risk. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The price of cobalt jumped on Monday after the world’s biggest producer extended a ban on exports of the battery metal, in an effort to support the market following a sharp sell-off in recent years. The cobalt price, which has dropped by about 60 per cent in just over three years, rose almost 10 per cent on the Wuxi Stainless Steel Exchange after an announcement at the weekend by the Democratic Republic of Congo’s Strategic Mineral Substances Market Regulation and Control Authority.…
Tesla’s stock shot higher after Sunday’s launch of the EV maker’s eagerly anticipated — and recently delayed — robotaxi service in Austin, Texas. Source link