Author: arthursheikin@gmail.com

[ad_1] When my partner left our life abroad for law school in the Midwest, I followed him and told myself it was all part of a bigger plan.We’d first met as two single Americans living in Guatemala, and we jumped headfirst into the kind of whirlwind romance that feels almost mythic when you’ve built your life around solo travel.We fell in love and traveled across five continents together for a year and a half. I couldn’t believe my luck — for the first time, I had someone to share the dream with.He’d made the decision to go back to school…

[ad_1] As generative AI reshapes industries, one of its most important yet invisible challenges is retrieval, the process of fetching the right data with relevant context from messy knowledge bases. Large language models (LLMs) are only as accurate as the information they can retrieve. That’s where ZeroEntropy wants to make its mark. The San Francisco-based startup, co-founded by CEO Ghita Houir Alami and CTO Nicolas Pipitone, has raised $4.2 million in seed funding to help models retrieve relevant data quickly, accurately, and at scale. The round was led by Initialized Capital, with participation from Y Combinator, Transpose Platform, 22 Ventures,…

[ad_1] Shares of JPMorgan , along with other large-cap and large regional banks, could be due for gains in coming months according to Keefe, Bruyette & Woods, in contrast to a bearish call from HSBC that helped knock the stocks on Tuesday. On Wednesday, KBW, a firm that has long specialized in covering financials, upgraded JPMorgan and Morgan Stanley to outperform from market perform, setting its price target for JPMorgan at $327, up from $253 and implying more than 27% upside from Tuesday’s close. Morgan Stanley’s 12-month price target moved to $160 from $127, which would translate into a 13%…

[ad_1] (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking to take profits in the rally for cyclicals and small caps and looking to play the expected capex boom following the passing of President Donald Trump’s tax and spending bill. Investing in tech infrastructure Chris Hyzy, chief investment officer of Bank of America Private Bank, sees large tech companies spending on capital expenditures increasing and boosting demand for what he calls “power infrastructure” after the signing of the tax…

[ad_1] Stay informed with free updatesSimply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox.Hedge funds and other non-bank groups could face limits on the amount of leverage they can use and may have to provide more disclosure to regulators about their borrowing, under plans put forward by the world’s financial stability watchdog.The Financial Stability Board (FSB) said on Wednesday that its recommended measures — which follow a consultation announced late last year — were designed to tackle the build-up of leverage in non-banks, which “can be an important amplifier of stress. If…

[ad_1] New York CNN  —  Cancelling your gym membership isn’t likely to become easier anytime soon. A US appeals court on Tuesday blocked a rule that would have required businesses to make it as easy for consumers to cancel subscriptions and memberships as it is to sign up. That includes everything from gym memberships to digital streaming and e-commerce to cable TV service. The Federal Trade Commission, which passed the so-called “click-to-cancel” rule under former Democratic Chair Lina Khan during the Biden administration, failed to conduct a preliminary analysis of the costs and benefits of the rule, the court said.…

[ad_1] New York CNN  —  Samsung on Wednesday announced three new foldable phones in its latest push to popularize what the company believes is the future of smartphones. The new $2,000 Galaxy Z Fold 7, $1,100 Galaxy Z Flip 7 and $900 Galaxy Z Flip 7 FE launch on July 25, with preorders beginning July 9. Meanwhile, Samsung faces increased competition from Android rivals and is bracing for the potential arrival of Apple’s first foldable iPhone. Samsung’s foldables give it another card to play against the iPhone in the market for premium smartphones, a category that Apple typically dominates. Although…

[ad_1] India has been a money machine for Jane Street, netting the trading giant more than $4bn in profits in just over two years. But it is now the source of a scandal that is imperilling the Wall Street firm’s golden run.The Securities and Exchange Board of India last week accused Jane Street of a “sinister scheme” to manipulate Indian stocks and derivatives, temporarily banned its activities in the country and impounded more than $550mn of “illegal gains” — the most draconian penalty it has ever levied. It is now expanding its probe into the firm’s trades in other parts of…

[ad_1] Potential gains from artificial intelligence are still not fully baked into Microsoft , according to Oppenheimer. The firm upgraded Microsoft to outperform from perform. Its $600 per share price target calls for nearly 21% upside from Tuesday’s close. Microsoft is one of the key bellwethers for the AI boom, given the company’s strategic partnership with ChatGPT parent company OpenAI. “Investors’ attention on the ramp of Microsoft’s AI revenue stream will only increase as Azure’s growth remains strong, offering not only valuation support (akin to AWS underpinning Amazon’s valuation), but also upside potential as this revenue stream continues scaling fast…

[ad_1] CNN  —  President Donald Trump sent letters to the leaders of five more countries Wednesday, adding to the growing list of US trading partners for whom he has set new tariff rates. Among the latest recipients were the Philippines, Moldova, Algeria, Libya and Iraq, with rates going as high as 30% on goods they ship to the United States. The new tariffs go into effect August 1, pending negotiations. The US and various trading partners have been negotiating new trade agreements since Trump announced so-called “reciprocal” tariffs back in April. Yet few deals have come to fruition. During a…