The turmoil in the U.S. banking sector has had a negative impact on the market for initial public offerings (IPOs) . IPOs raised just $19.7 billion this year, down 70% from a year ago, according to Bloomberg data. That is the lowest level since 2019. Of that, just $3.2 billion has been raised through IPOs in the U.S. Shareholders and companies were quick to sell stock early in the year to take advantage of the stock market rally. However, that rally largely fizzled as the Federal Reserve continued to ramp up interest rates to cool inflation. The problems in the banking sector following the collapse of Silicon Valley Bank have also had an impact on companies' IPO plans. Secondary offerings have been the sole bright spot, raising $76 billion this year, a 48% increase from a year ago. Companies like electric vehicle maker Rivian have also turned to convertible bonds to raise money more cheaply. Some $6.4 billion in convertible bonds have been issued globally so far this … [Read more...] about Global IPO Fundraising Slows, Weighed Down by Banking Sector Turmoil
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What Crypto Investors Need To Know About NFT Tax Changes
Share to Twitter Share to Linkedin Crypto continues to have a rocky 2023, with one of the most recent announcements being a pending lawsuit against Coinbase by the Securities and Exchange Commission. While the SEC continues to hammer on virtually every crypto-native organization or service provider, there are other issues that investors need to keep in mind. Taxes are a part of any business conversation, and rarely a fun one to discuss. Enjoyable or not, however, taxes are an important topic for any investment or business decision; crypto taxes and tax treatment continue to provide fertile ground for debate, discourse, and wide ranging conversation. Even as the Internal Revenue Service has continuously updated guidance, issued multiple online Q&A documents, and made changes to tax forms for U.S. taxpayers, the tax situation surrounding crypto continues to be a complicated one. Straight-forward crypto transactions, such as using bitcoin (or other crypto) … [Read more...] about What Crypto Investors Need To Know About NFT Tax Changes
Funding For Biodiversity Efforts Is Now Available To Wine Growers In Bourgogne
Share to Twitter Share to Linkedin Rows of tidy vineyards can be a beautiful sight, but winemaking regions around the world are becoming more aware of the drawbacks of monoculture on the farm. When one type of crop is cultivated to the reduction of other vegetation and wildlife, the system can become imbalanced. Environmental scales are further tipped when chemical or high-intervention practices are employed to control the influence of nature and weather. But wine producers have been encouraged by the benefits of biodiversity, an increase in the variety of life existing in an area — in this case, the vineyard and surrounding spaces. Biodiversity has the potential to inhibit disease and pests, support healthy water systems, increase soil fertility, aid pollination, and promote beneficial species. The Bourgogne (Burgundy) region has recently announced funding to build biodiversity within its climats. (Climat is a local term that identifies Bourgogne vineyards as … [Read more...] about Funding For Biodiversity Efforts Is Now Available To Wine Growers In Bourgogne
NRRP: The Italian National Recovery And Resilience Plan
Share to Twitter Share to Linkedin In the pompous language that so distinguishes all acts of public administration in Italy, this is the name given to the special Plan that, thanks to a generous injection of European funds, should heal the wounds caused by Covid and, above all, allow Italy to relaunch and definitively modernize. The Plan is an ambitious one, the resources are huge (235 billion combining European funds and Italian contributions), the opportunity is unique. Its declared aim, to be achieved through a series of interventions including public works, regulatory adjustments, and so on, amounts to three “transversal priorities”: equality of gender, of territory and of generation. In other words, aside from the pomposity of the language, the intent is principally to reduce the economic and social gap between the North and South of the country in order to favor the entry of women and younger people in the job market. The voluminous NRRP document also … [Read more...] about NRRP: The Italian National Recovery And Resilience Plan
Spring Greens: Pelikan, Oris And Girard-Perregaux
Share to Twitter Share to Linkedin Green is at the top of the list of hot colors for 2023, and it’s showing up in a variety of places—from pen and watch collections, to fashion and home décor. Here are a few well-known brands that have taken the trend to heart. Pelikan Special Edition Souverän 800 Green Demonstrator This Special Edition Souverän 800 Green Demonstrator may look familiar to long-time pen aficionados at first glance, since a similar green Pelikan Demonstrator was introduced in 1992. But there are a couple of important design updates featured her—like the modernized cap ring and turning knob for the piston-filling system. The body of the pen is a springtime grass green that is vibrant and energizing, and the transparent cap and barrel—the very definition of a demonstrator pen—allow a great view of the inner workings of the pen, as well as the status of its ink supply. The metal components, as well as the traditional Pelikan beak-like … [Read more...] about Spring Greens: Pelikan, Oris And Girard-Perregaux
How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws
Share to Twitter Share to Linkedin Key takeaways Bank stocks sold off heavily last week, as nervous investors ran for the exits over - well, basically nothing With no fundamental reasons for the sell off, they’ve rebounded swiftly on Monday First Citizens Bank is up over 45%, on news that it has acquired over $72 billion of assets from collapsed Silicon Valley Bank, at a discount of $16.5 billion After the collapse of Silicon Valley Bank and Signature Bank, as well as the weekend fire sale of Credit Suisse to rival UBS, Deutsche Bank was in the headlines last week as the latest in the financial sector to come under pressure. There have been numerous analysts and public commentators expressing concerns over the banking sector, worried about whether the initial collapses were a sign of a financial crisis brewing underneath the surface. As well as large banks like Deutsche Bank, regional banks have been hit particularly hard. First … [Read more...] about How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws
Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer
Share to Twitter Share to Linkedin Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office. The staffer says every U.S. crypto exchange—and the largest crypto exchange in the world, Binance—are in various stages of being investigated. There are more than 40 U.S. cryptocurrency exchanges, according to crypto data site, CoinGecko. The SEC has not responded to multiple requests for comment. Coming in the wake of a number of SEC actions asserting the regulator’s domain over the crypto industry, and an equally strong response by the U.S Commodity Futures Trading Commission (CFTC) pushing back against what it characterizes as “regulation through enforcement,” the staffer says the SEC urgently wants to resolve its dispute with the CFTC over crypto jurisdiction. If the matter isn’t … [Read more...] about Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer
Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains – Forbes AI Newsletter March 25th
Share to Twitter Share to Linkedin TL;DR The Fed elected to raise base interest rates by 0.25 percentage points, sticking to the script despite financial uncertainty from the collapse of Silicon Valley Bank and Signature Bank AI continues to make headlines as both big and small tech companies release new products and features almost daily Crypto has been quietly picking up big gains, and some believe the current financial wobbles could mean it has further to run Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and more delivered directly to your inbox every weekend. And download Q.ai today for access to AI-powered investment strategies. Major events that could affect your portfolio A month ago, it was all but guaranteed that the Fed would be raising rates by 0.25 percentage points in their March meeting. Some analysts were even … [Read more...] about Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains – Forbes AI Newsletter March 25th
Five Essential Activities For First-Time Visitors To Jakarta
Share to Twitter Share to Linkedin With roughly 270 million people living within its borders, Indonesia is the fourth most populous nation on the planet—and for a deep dive into the fascinating array of cultures found across the country, there’s no better destination than Jakarta. This massive metropolis has served as the Indonesian capital since 1961, offering a colossal array of top-tier restaurants, museums, and historic landmarks for both visitors and locals to enjoy. As you plan your first visit to this storied city, don’t miss out on these incredible Indonesian experiences. Try Flavorful Indonesian Cuisine in PIK Located just east of Soekarno–Hatta International Airport, Pantai Indah Kapuk—or PIK, for short—is one of Jakarta’s most affluent communities, providing visitors with a wealth of polished restaurants to enjoy during a visit. While the province of Bali has earned abundant acclaim for its spectacular natural beauty, visitors to PIK can … [Read more...] about Five Essential Activities For First-Time Visitors To Jakarta
Ten Questions With OpenAI On Reinforcement Learning With Human Feedback
Share to Twitter Share to Linkedin Recently, we interviewed Long Ouyang and Ryan Lowe, research scientists at OpenAI . As the creators of InstructGPT – one of the first major applications of reinforcement learning with human feedback (RLHF) to train large language models – the two played an important role in the evolution of RLHF models and paving the way for GPT-4. Here are some highlights from the conversation. What's the motivation behind InstructGPT? And what are the problems with GPT-3 that inspired InstructGPT? Long Ouyang: I think one of the main issues we’re trying to solve is that when GPT-3 came out there was a lot of excitement about using it to do useful cognitive work, for example, summarizing a news article. Out of the box it’s not exactly designed to do that, it’s designed to predict what someone on the internet might say in a given setting. And it turns out that you can kind of trick the model into performing useful work for you … [Read more...] about Ten Questions With OpenAI On Reinforcement Learning With Human Feedback