Venture capital firm Index Ventures has invested $16 million in EthonAI, a startup that utilizes artificial intelligence to enhance the efficiency of production lines for global-scale manufacturers.
Amazon adds Grubhub food delivery to its website, app in the US
In a new development, Amazon.com has announced that its U.S. customers can now order from Grubhub directly through its shopping app and website. This expands on an existing deal that provides Amazon Prime members with free access to Grubhub+ membership, with no additional fees.
Analysis-Biggest month of bond supply to test markets as rate cut bets fade
June is set to see the largest amount of net sovereign issuance in global bond markets so far this year. This comes at a time when economic data is casting doubt on the possibility of rate cuts, putting investors’ appetite for debt to the test.
Trump’s tariff threat set to derail rate cuts, Deutsche Bank says
According to Deutsche Bank AG, if the Trump administration imposes new trade restrictions, it could have a negative impact on the US economy. This could lead to an increase in inflation and prevent the Federal Reserve from cutting interest rates until next year.
Oil Mergers Are Taking Off. These Stocks Stand to Win or Lose.
ConocoPhillips’ $22.5 billion acquisition of Marathon Oil is just the latest in a string of major deals reshaping the energy sector. However, not all companies will benefit equally from this trend.
China’s quest to turn the yuan into a global currency isn’t actually driven by domination. It’s about sanctions.
China is currently making efforts to promote the global use of the yuan as a means to protect itself against potential sanctions imposed by Western countries. The main objective of Beijing’s push is to reduce the risks associated with geopolitical tensions, particularly those related to Taiwan.
Stock market today: Asian shares track Wall Street’s retreat
Asian shares declined on Thursday as U.S. stocks experienced losses due to higher yields in the bond market. The Dow Jones Industrial Average dropped by over 400 points, contributing to the downward trend.
2024 NBA Draft: Alex Sarr has taken a unique path as the projected No. 1 pick
The Atlanta Hawks will be making the first pick in the 2024 NBA Draft and, unlike last year when Victor Wembanyama was the clear No. 1 pick, there is not a consensus top pick this year. But the player favored to go No. 1 is another French center, 7-foot-1 Alex Sarr.