Author: Vorkast

Artificial intelligence (AI) is moving from the training phase to the production phase, as enterprises, users, and governments that have spent hundreds of billions of dollars on this technology are looking to unlock its productivity gains. This process of deploying trained AI models into production, where they execute tasks in the real-world by ingesting fresh…

Solana (CRYPTO: $SOL) has formed a bearish chart pattern, indicating that more price declines could be in store for the cryptocurrency.  Specifically, SOL has formed a negative double-top pattern after failing twice to break above resistance at $75 U.S.  Analysts say that weakening network activity and risk-off sentiment among investors is keeping Solana’s price down. …

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, June 24 (Reuters) – Stocks rebounded on Wednesday from a rout in technology shares partly driven by concerns about stretched valuations, while the dollar climbed to a one-year peak. Technology stocks, which ‌were hit hard on Tuesday, edged up ahead of earnings from chipmaker Micron, whose products…

Lime, the Uber-backed electric scooter and bike sharing startup, has applied to list on the Nasdaq stock exchange. The company aims to raise $181.9 million, potentially valuing it at $1.8 billion. Most Read from Fast Company After nearly five years of teasing the move, Lime—formally known as Neuron Holdings—plans to sell nearly 7 million shares…

The Bank of England has published its proposed rules to govern stablecoins.  The rules come in the form of a policy statement and establish a framework for the United Kingdom’s stablecoin regime. Stablecoins are cryptocurrencies whose value is pegged to another asset, typically the U.S. dollar or another currency such as the British pound.  More…

Cboe Global Markets (BATS: $CBOE) has launched a prediction market tied to the performance of the benchmark S&P 500 stock index. Cboe is an American financial exchange operator and runs the largest exchange for trading options contracts.  The company has launched a new platform called “Cboe Predicts” that’s linked to the S&P 500 Index.  More…

Quick Read WEEK automates the Treasury ladder process: Instead of manually buying and rolling Treasury bills through TreasuryDirect, the ETF handles reinvestment and distributes income weekly. The yield comes from short-term Treasury bills: WEEK currently offers a 3.46% 30-day SEC yield while maintaining relatively stable share prices around the $100 level. Tax efficiency is a…