Key Takeaways The Lidar maker Luminar, which rose to fame riding on the early investor enthusiasm around self-driving cars, filed for bankruptcy under Chapter 11 in the U.S Southern District of Texas yesterday, December 15. The bankruptcy plea was backed by approximately 91.3% of its first lien noteholders. Before filing for bankruptcy, the company agreed … Read more
Key Takeaways The implementation of the Crypto Market Structure Bill has been delayed as the US Senate Banking Committee has postponed the decision-making on the bill to 2026. A spokesperson for the banking committee has confirmed that the Chairman Tim Scott and the committee members have been consulting their Democratic counterparts to get clarity on … Read more
Key Takeaways The Asian markets edged lower ahead of the U.S job and inflation data releases. Amid the macro uncertainties, the markets are also weighed down by the fears surrounding the overvaluation of tech stocks and a possible AI bubble burst. Tokyo’s Nikkei 225 fell by 1.56%, to close at 49,383.29. Shanghai – Composite ended … Read more
Key Takeaways The US stock futures have been trading higher as major events are about to unwind on Tuesday, with the economic reports coming in. Investors are making necessary adjustments in their portfolios in anticipation of the week’s events, with major banks around the world holding their decisions on interest rate cuts. With several economic … Read more
Key Takeaways With the Fed rate cut voting at full swing with enough drama, the ripples have carried over to the US stock market. While one out of the three members who wanted a higher rate cut, there is a variance in the leading vote that rallies for a rate cut. While two members of … Read more
Key Takeaways The fear of an AI bubble has fueled the drawdown of the S&P 500 from its record Friday. Traders en masse pulled out of tech stocks and transitioned towards value assets. This was soon after news regarding the underperforming Broadcom and Oracle stocks came out, and a rumor regarding the AI bubble strengthened. … Read more
Key Takeaways Fed officials are divided over the monetary policy stances for the upcoming year, with some rising concerns about a weakening labor market while others emphasize prevailing inflation. The diverging views are putting investors in a dilemma. Even though the central bank announced a 25 basis point cut on December 10, the investors remain … Read more
IBM has announced plans to acquire Confluent, the streaming data platform built around Apache Kafka, in a deal valued at approximately $11 billion, marking one of the tech giant’s largest software acquisitions since its $34 billion purchase of Red Hat in 2019. Strategic Move to Bolster AI and Hybrid Cloud Capabilities The acquisition, announced on … Read more
Brexit Was a Tale of Folly in Three Acts — And the Third Is Just Beginning Member-only story Follow Eudaimonia and Co — 15 Listen Share Here are some dramatic — almost chuckle-inducing numbers: just9% of Brits now think Brexit was more of a success than a failure. LOL. That’s funny, in a morbid kind … Read more
The Psychology of the New Global Wave of Fascism Member-only story Follow Eudaimonia and Co — 26 Listen Share “I’m not a fascist!They’rethe real fascists!! The students, the leftists, the woke mob, the anti-fascists, the teachers, the LGBTQ! They’re putting me in danger! They’re taking awaymyrights! My rights matter most of all! I’m being persecuted, … Read more
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