Treasury yields recently climbed amid investor interest rate assessment ahead of pivotal inflation data. Investors and analysts weighed the outlook for Federal Reserve interest rate hikes following Silicon Valley Bank’s collapse.
Meta Platforms Inc has announced its decision to end support for non-fungible tokens on its Facebook and Instagram networks, less than a year after launching the NFT-related features.
The price of Bitcoin climbed sharply on news that US inflation had met Dow Jones and Nomura estimates. In February, US inflation rose 0.4% month-on-month and 6% year-on-year as the Federal Reserve readies its next rate hike exercise.
The plans to acquire mega crypto media CoinDesk, a subsidiary of the Digital Currency Group by the world’s largest crypto trading platform Binance is currently “on hold”. According to the CEO of CoinDesk, the media firm has been getting a lot of offers with no decisions made yet.
The Californian Court of Appeals has overturned a lower court’s decision that sought to classify drivers working for ridesharing firms like Uber Technologies Inc and Lyft Inc as independent contractors.
General Motors is reportedly planning for a ChatGPT-powered virtual personal assistant in future electric vehicles. With this, GM is looking to expand its collaboration with Microsoft, which has a multi-billion dollar investment in OpenAI, the developer of ChatGPT.
