Miguel Salvado

Serial enterprising (Journalist contact: miguelsalvado@vianewsagency.com)

Ark Invest headquarters in St. Petersburg, 200 Central Avenue.

Cathie Wood’s Investor Letter Unveils AI’s Economic Impact and Future Challenges

Cathie Wood is the CEO of ARK Investment Management LLC, renowned for prioritizing investments in groundbreaking technologies such as AI, genomics, electric vehicles, and blockchain. ARK’s ETFs particularly popular among investors interested in technology-driven growth. Here’s What Cathie Wood Means About the Future of the Economy in Her Letter to Investors. 1 – Monetary Policy…

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Bullish Turn in Corn Futures? Despite U.S Corn Production Surplus and Inter-Commodity Dynamics?

Are we at the verge of a potential bull cycle if the 2017-2021 resistance becomes a support line in 2024? I’ll keep an eye for higher highs! Be aware of the U.S. record-high 2023 corn production and the inter-commodity competition with soybeans which can pressure the corn price down. U.S. agricultural surplus, especially corn surplus,…

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OpenAI company structure

OpenAI’s Hybrid Nonprofit and For-Profit Structure And who Owns it

OpenAI, Inc., best known for developing ChatGPT, has a board of directors who oversee its nonprofit entity. They represent shareholders’ interests when making pivotal decisions regarding an organization’s policy, strategy, and finances. Nonprofit organizations such as OpenAI, Inc. operate for charitable, educational, or similar purposes, with any profits reinvested to advance the organization’s mission. OpenAI,…

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Rumble Inc. Raises $100 Million in Equity Financing

According to an SEC filing, Rumble Inc., an industry leader in video-sharing platforms, recently secured $100 million in equity financing. The Form D document filed on June 11, 2023, indicates that the company still needs to disclose the names of investors participating in its financing round. Typically this filing occurs when raising capital through private…

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Cocoa Fruit

Cocoa Industry in Crisis: Fertilizer Shortages and Weak Demand Push Prices to New Lows

Cocoa farmers continue to face difficulties as global demand weakens and the conflict between Russia and Ukraine limits exports of fertilizers. Cocoa prices have dropped moderately in recent weeks, with both NY and London cocoa posting 2-week and 1-month lows, respectively. According to the European Cocoa Association, Q4 cocoa grindings in Europe fell by 1.7%…

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The International Monetary Fund (IMF)

IMF Predicts China’s Economy to Rebound With a Bang: 4%+ Growth Expected in Q2

According to Gita Gopinath, the Deputy Managing Director of the International Monetary Fund (IMF), China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most health restrictions. Speaking on the sidelines of the World Economic Forum in Davos, Gopinath stated that “They…

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