Benjamin Chadwick

Benjamin Chadwick graduated from NYU Stern, has been an Associate Professor of Finance at the Kenna Flegler Business School for ten years before switching to a private financial consultancy and correspondent journalism from the Asian stock market. He is focused on the microstructure of securities markets, while he pays special attention to microcap issues.

Oil Prices Eased Amid Optimism Over Future Demand and OPEC+

Oil prices eased on Tuesday following an upturn earlier in the session that was driven by potential firming in crude demand and optimism over the Organization of Petroleum Exporting Countries (OPEC) and its allies possibly halting a supply boost this year. Global benchmark Brent crude oil futures shed 0.12% to $84.15 per barrel after gaining …

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TMN - microsoft

Microsoft Postpones AI Recall Release Amid Security Concerns

On Friday, Microsoft announced it is delaying the launch of Recall, an AI-powered user activity-tracking tool, citing cybersecurity worries. First introduced on May 20, the Copilot+ PC is a next-generation computer that contains Microsoft’s newest AI innovations, including Recall. This tool automatically captures regular screenshots to build an activity record, allowing users to search for …

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Crude

Oil Prices Stable Amid China’s Suite of Economic Readings

Oil prices were steady on Monday as traders assessed a series of economic data from China, following early reading of US consumer sentiment showing weakness. Brent crude oil futures expiring in August remained above $82.00, trading 0.31% lower at $82.36 per barrel, while the US West Texas Intermediate (WTI) crude futures stayed close to $78.00 …

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Yahoo Unveils a New Era with Its AI-Powered News App

Yahoo has resurrected Artifact with its latest artificial intelligence (AI) News app, with a Key Takeaways tool that can give users a bullet summary of an article. Other app tools include Top Stories, which gives users trending stories and will soon add Key Takeaway summaries. People can also block articles with unwanted keywords and strain …

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Tesla halts Shanghai factory output on COVID curbs

Tesla Shareholders Back Elon Musk’s $55.8B Pay Package

Tesla Inc. Chief Executive Elon Musk has received a vote of approval from the US electric vehicle (EV) giant’s shareholders for his substantial 2018 pay package, signaling continued support for his leadership. The backing for the $55.8 billion compensation plan came after Delaware judge Kathaleen McCormick rejected the award in January due to the lack …

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samsung

Samsung Reveals Plan to Accelerate Delivery of AI Chips

On Thursday, Samsung Electronics unveiled its plans to offer clients a one-stop shop for acquiring artificial intelligence (AI) faster. As part of its strategic approach, the tech giant is harnessing the power of its number one global memory chip foundry and chip packaging services, effectively leveraging its existing resources to drive the growth of AI. …

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Oil Prices Spike as Goldman Sachs Forecasts a Summer Deficit

On Monday, oil prices advanced after Goldman Sachs projected that soaring summer demand would lead to a significant supply shortage. The US West Texas Intermediate (WTI) July crude futures surged by 3.16% to $77.74 per barrel on June 10. Furthermore, industry watchers anticipate a 0.15% increase to $77.86 in the coming trading day. Similarly, Brent …

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Bapcor Shares Gain Over 14% on Bain’s $1.21B Takeover Offer

Australian automotive parts retailer Bapcor Ltd. received an unexpected acquisition bid on Tuesday from US private equity giant Bain Capital LP, which would see the troubled firm’s value at A$1.83 billion ($1.21 billion). Under the terms of the proposed non-binding, conditional deal, Boston, Massachusetts-based Bain is offering shareholders of the Autobarn parent A$5.40 in cash …

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