North Dakota Governor Doug Burgum, who has been rumored to be a potential pick as former President Donald Trump’s running mate, is facing backlash amidst claims that Trump promised oil executives a reduction in regulations in exchange for financial support for his re-election campaign. The Washington Post reported that Trump allegedly made these remarks during
Finance
Jan van Eck, CEO of VanEck, believes that the recent approval of a rule change by the U.S. Securities and Exchange Commission for Ethereum exchange-traded funds indicates a significant sentiment shift in the cryptocurrency market. According to van Eck, this development is one of the most remarkable things he has witnessed in his career in
The influx of tourists in Italy’s famous lakeside resorts has become a headache for boat drivers, who struggle to navigate the crowded waterways. Services that rely on tourism, such as boat tours for famous views and attractions in places like Lake Como, are facing challenges due to the overwhelming number of visitors. The impact is
In a changing job market, many companies are reevaluating their hiring criteria and shifting their focus toward applicants’ skills rather than traditional metrics like education or years of experience. Recent data from job site Indeed indicates that the share of online job postings in the U.S. listing specific requirements for employment tenure has decreased significantly,
In a surprising move, billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, with plans to eventually take his investment firm public. This decision has sparked interest and speculation in the financial world, as Ackman’s firm is raising $1.05 billion in a funding round, with a valuation of $10.5 billion. Ackman’s hedge-fund
France is currently positioning itself as the next artificial intelligence superpower, with significant developments in the AI sector. The recent Viva Technology conference held in Paris showcased France’s progress in becoming a leader in AI. The investment of $220 million in French AI firm H from U.S. tech giants like Amazon and Google’s former CEO,
During a recent event in New York, John Williams, the president of the New York Federal Reserve, expressed his views on inflation and the future direction of monetary policy. Williams acknowledged that inflation is currently high but expressed confidence that it will begin to decelerate later in the year. Despite the uncertainty surrounding possible interest
Jim Chanos, a well-known short seller, has vehemently denied accusations of embezzling funds for personal use. In response to a lawsuit filed by Conlon Holdings, Chanos called the allegations “false, baseless and defamatory.” The lawsuit, filed in New York state court, claimed that Chanos used his firm, Chanos & Co., as a “piggy bank” and
Nissan has issued a serious warning to owners of older vehicles that are equipped with recalled Takata airbags. The National Highway Traffic Safety Administration (NHTSA) emphasized the urgency of the situation, urging owners to immediately stop driving these cars. The “Do Not Drive” alert specifically applies to 83,920 cars, including models such as the 2002-2006
Clean Energy Ventures has recently raised $305 million for their second fund, showcasing a growing appetite for companies focused on decarbonization in private markets. The oversubscribed fund, with an initial target of $200 million, attracted interest from limited partners like The Grantham Foundation, Builders Vision, and Carbon Equity, leading to a higher raise than anticipated.
