In a striking turn of events, Sam Altman has been reinstated as the CEO of OpenAI, merely a week after his unexpected dismissal from the pioneering AI company he co-founded. This development follows an intense five-day period marked by rigorous discussions and negotiations.
Bridging the Divide: Understanding Equity-Linked Notes
Equity-Linked Notes (ELNs) are a type of structured product that combines characteristics of both a bond and an equity investment. They offer investors exposure to the performance of an underlying stock, basket of stocks, or an equity index, while providing a principal protection feature or a defined payout at maturity. ELNs are essentially debt instruments whose final payout is directly tied to the performance of the specified equity or equity portfolio.This hybrid nature makes them appealing to investors seeking potential equity-like returns with a degree of risk mitigation. How ELNs Work An ELN is typically issued by a financial institution and has a fixed maturity date. At the time of investment, an investor buys a note at a set price.…
Powell Faces Political Pressure as Fed Weighed Down by Division
The US Federal Reserve is facing a stark division within…
China’s Export Growth Slows Amid U.S. Trade Tensions and Fading “Frontloading”
China’s economic recovery has hit a bump, with official data…
Recovery Notes: Turning Bad Debt into a Potential Payday
Recovery notes are debt securities where the underlying asset is…
The Algorithmic Renaissance: AI, Crypto, and the Democratization of Trading
By Dr. Anna Zhang, Alpenfort Future Technologies Fund Algorithmic trading,…
Bridging the Divide: Understanding Equity-Linked Notes
Equity-Linked Notes (ELNs) are a type of structured product that…
Binance CEO Steps Down Amidst Money Laundering Charges
Changpeng Zhao, known as “CZ” in the cryptocurrency world, recently stepped down as the CEO of Binance, the globe’s largest cryptocurrency exchange. This unexpected move came alongside his guilty plea to serious federal money laundering charges.
Biden and Xi Find Common Ground in California Meeting
US President Biden and President Xi Jinping of China held a rare face-to-face meeting on Wednesday, seeking to ease tensions and find areas of cooperation amid a host of thorny issues that have strained the world’s most important bilateral relationship.
Ryanair Plans First Regular Dividend Amid Record Profits
The low-cost carrier said it expected to make an after-tax profit of between €1.85 billion and €2.05 billion ($2.1 billion and $2.3 billion) in the fiscal year ending in March 2024, surpassing its previous record of €1.45 billion in 2018.
Berkshire Hathaway Amasses Record Cash Stockpile
Berkshire Hathaway, the conglomerate led by Warren Buffett, reported a 40% increase in its operating earnings for the third quarter of 2023, as well as a record-high cash balance of $157 billion.
South Korea Stocks Surge Following Short Selling Ban
South Korean stocks soared on Monday after the government announced a full ban on short selling for about eight months, a move that aimed to curb illegal use of the trading strategy and protect retail investors.
US GDP Grows by 4.9% in Third Quarter 2023
Gross domestic product (GDP), the broadest measure of economic activity, increased at an annualized rate of 4.9% in the July-September period, the highest since the fourth quarter of 2021, when it grew by 5.1%.
Bank of Japan Struggles to Keep Yields Low Amid Global Rate Hikes
The Bank of Japan (BoJ) is facing mounting challenges as it tries to maintain its ultra-loose monetary policy amid a weakening yen and rising global bond yields.
China Suffers Worst Capital Exodus Since 2016
China’s currency, the yuan, has come under pressure as capital is leaving the country at the fastest rate in over seven years, according to data from the Institute of International Finance.
Propelled by Economic Woes, “Argentina’s Trump” is Poised for Presidential Win
Argentina is bracing for a political earthquake as Javier Milei, a far-right libertarian economist and former rock musician, is poised to win the presidency in a runoff election on November 19.