The latest report focuses on the connections between Grifols and Scranton Enterprises NV, which has ties with the founders of the company. According to Reuters, Grifols rejected the claims in the report, labelling it as “malicious, false and misleading”. The company further said that these reports aim to destabilise Grifols, sowing seeds of doubt among…
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This higher-than-expected rise in inflation and the concurrent drop of sales during January 2024 showed no improvement in inflation or consumer strength. According to Yahoo Finance, Austan Goolsbee, the Chicago Federal Reserve president, advocated against unnecessary scepticism and said that one month’s CPI report will likely not rock the cradle and that inflation is clearly…
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Apple also allegedly blocked firms such as Spotify from informing customers that they can get the service cheaper if they subscribe directly via the website. Apple faces a €500m fine should the EU find it guilty of infringing competition laws. The Guardian reported that Apple finds these fees reasonable as it provides apps with a…
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In terms of the agreement, OpenAI employees could cash out their shares. By doing this, the company can raise funds without following traditional funding routes. To date, OpenAI has yet to give a response. The company did the same in 2023 when Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global bought OpenAI shares through…
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The law firm consented to assisting FTX and disgraced founder Sam Bankman-Fried with several legal matters for more than a year before the cryptocurrency exchange collapsed. The Moskowitz Law Firm launched the legal complaint on Friday, 16 February 2024. This is the same firm that acted on behalf of former investors against celebrities such as…
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Last week, LeapRate reported on job cuts in the finance and tech sectors. Based on Challenger, Gray & Christmas information, US-based layoffs in January increased by 136% compared to December 2023. Challenger Report data shows that the finance sector axed 23,238 jobs. This report stated: With the exception of last January’s total, this is the…
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Nvidia outpaced the market values of both Amazon.com, Inc. (AMZN) and Alphabet Inc. (GOOG) earlier this week, making it the third-most valuable company in the US. In the last 12 months, the chipmaker’s stock has grown by 200% as the insatiable demand for microchips shows no signs of slowing. Don’t miss out the latest news,…
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The arrests comprised a significant operation involving more than 38 FCA and NCA officers across three residential sites. During this exercise, the authorities also seized several tech devices. After interviewing the suspects, two were released under investigation and one on unconditional bail. The fourth, a 48-year-old man, also remains under investigation. Don’t miss out the…
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At one stage, the Bitcoin price reached $52,328.53, the highest in over two years. This 5.56% increase took the virtual currency’s market cap to $1,026tn. Reuters indicated that, since the start of this month, the Bitcoin price rose by 22%. LSEG Lipper data shows recent capital inflows of $1.64bn into the US spot Bitcoin ETFs…
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It said this more rigid rule bridges regulation gaps, which paves the way for criminal financial dealings. FinCEN indicated that it had identified several finance and national security risks within the investment advisory sector. As an entry point for investments in US securities, real estate and other assets, these risks open the doors for local…
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