Author: News Room

© Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter/File Photo SHANGHAI (Reuters) – Tech giant Alibaba (NYSE:) is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, was released to the public last November and can generate articles and essays on demand in response to user prompts. Alibaba has opened up registration for businesses to conduct…

The March jobs report on Friday showed that the U.S. economy added 236,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by the Wall Street Journal had expected that 238,000 jobs would be added and that unemployment would remain at 3.6%. See: Jobs report shows 236,000 increase in employment in March Here are some initial reactions from economists and other analysts, as U.S. stock futures ES00, +0.24% YM00, +0.19% turned higher following the data on nonfarm payrolls. U.S. stock exchanges are closed for the Good Friday holiday. • “The Fed will take a little comfort from…

If you’re looking for an in-depth examination of the latest office trend, we hate to disappoint you with something short and to the point. But hey, it’s “bare-minimum Monday.” That’s the newest workplace buzz phrase gaining attention, following such others as the Great Resignation, quiet quitting and loud layoffs. It means just what its name implies: taking it easy on the first day of the workweek as a kind of coping mechanism. Marisa Jo Mayes, a TikTok creator who works for herself, is credited with coining the term and popularizing it. As she shared in an Insider story, she was…

Shares of Netflix Inc. got a boost Thursday, after the streaming video giant’s credit rating was lifted out of “junk” territory at Moody’s Investors Service, matching S&P Global Ratings’s move more than a year ago. The rule of thumb is, if at least two of the major credit-rating agencies rate a company’s credit as investment grade, then that company’s credit is “officially” considered to be investment grade. Moody’s said late Wednesday that it raised the rating on Netflix’s NFLX, -0.88% senior unsecured notes to Baa3, which is the lowest investment-grade rating, from Ba1, which is the highest speculative grade, or…

Fears of instability in the U.S. banking system and poor liquidity were likely culprits of recent, extreme volatility in the world’s “safest bond market,” according to LPL Research. The historically docile $24 trillion Treasury bond market erupted in volatility in March after the collapse of Silicon Valley Bank, evidenced by weekly swings in its policy-sensitive 2-year Treasury yield TMUBMUSD02Y, 3.965% (see chart). The LPL Research team pegged daily moves in the 2-year yield as averaging about half a percentage point, or 50 basis points, between the highs and lows each day, during the most erratic trading days in March. They…

Former adviser: Garland won’t overrule any Special Counsel indictments “Merrick Garland is not going to play judge or jury with either of Special Counsel Jack Smith’s investigations,” says Garland’s former senior adviser Anthony Coley, “…so long as [Smith’s] actions are consistent with the norms and practices of the Department.” Read the full article here

The story behind this week’s criminal fraud charges against Charlie Javice for allegedly fabricating data to induce JPMorgan Chase to buy her start-up for $175mn follows a by-now familiar pattern.A charismatic young founder charmed a series of blue-chip establishment figures who provided advice, lent prestige and chipped in funding until the company failed to live up to its promises, and lawsuits and criminal charges followed. Javice founded Frank to help students apply for college financial aid in 2017 when she was just 24 years old and drew early backing from Apollo’s Marc Rowan as well as Israeli venture capital firm…

Introduction I have been a shareholder of the preferred shares of Seapeak (NYSE:SEAL.PA) (NYSE:SEAL.PB) for several years now. Teekay LNG Partners, the original issuer of the preferred shares, was taken private by Stonepeak, a private equity firm. While I’m usually very cautious when I see a PE firm taking the reins at a company and don’t exercise their right to call the preferred shares, pretty much every single decision made by Stonepeak appears to be in the interest of Seapeak LLC. And much to my surprise, preferred shareholders are now in a better spot than (ever) before as the private…

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