I Bonds are Set to Pay 9.6% In Annual Interest Through October
WEBMay 2, 2022 · While the 9.6% inflation-adjusted rate set Monday — based on the latest CPI data from March, which pegged annual inflation at 8.5% — is the highest since the I Bonds launched in 1998, the bonds can only be redeemed after a full year. “Even if future inflation numbers go back to normal, that would still result in a competitive return for I ...
There Are A Lot More People Worth $30 Million Now ... - The Daily …
WEBMar 2, 2022 · The number of so-called U ltra- H igh- N et- W orth I ndividuals, those with $30 million or more in net assets, grew 9.3% to 610,568 last year. North America’s UNWHIs led the charge, growing 11.2% in ranks to 233,590. Knight Frank analysts say the uptick in wealth came about thanks to pandemic conditions that sent the value of high-end assets ...
Citi’s Sweeping Changes to Wealth Unit Still a Work in Progress
WEBAugust 19, 2024. There’s a changing of the guard happening in Citigroup’s wealth management division. Overhauling the $515 billion wealth arm at America’s fourth-largest bank was a top priority for CEO Jane Fraser when she took the position in 2021 — and no easy feat. Let’s say it’s still a work in progress, as the arm has gone ...
Stocktwits, Social Media Platform for Online ... - The Daily Upside
WEBDec 17, 2021 · Long before Reddit’s WallStreetBets community took the financial world by storm, internet-savvy retail traders were huddling together in another cyberspace to hash out which stocks would potentially finance their early retirements. That place was Stocktwits, and on Thursday the social-media platform for investors announced it …
AI Could Upend Electricity Demand - The Daily Upside
WEBJun 28, 2024 · Generative AI is the future. It’s also an energy glutton. That’s potentially bad for our future. Training and running AI systems takes a heck of a lot of compute power, and compute power needs energy — mostly in the form of electricity. The International Energy Agency predicts electricity consumption from data centers could double from 2022 to 2026 to 1,000 terawatt-hours, roughly the ...
US Home Insurers Hit with Worst Underwriting Loss of the Century
WEBJul 28, 2024 · Guest Contributor to The Daily Upside. July 28, 2024. The insurance industry isn’t weathering climate change so well. The US homeowners insurance segment took a $15.2 billion net underwriting loss last year, the worst loss this century and more than double 2022’s loss, according to a report by ratings agency AM Best.
Agriculture Titans Are In a Head-to-Head Battle for America’s Soy ...
WEBSeptember 17, 2023. The US harvests more than 4 billion bushels of soybeans every year, making it a hotbed of competition for never-sated food conglomerates. German giant Bayer and Indianapolis-based Corteva both want to be the leading soybean seller in the US, and the heated competition is playing out in the fields and in the courts, The Wall ...
Bezos and Gates Invest In Synchron - The Daily Upside
WEBDec 16, 2022 · [email protected]. The next billionaire battle royale will really get inside your head. Brain-computer interface tech startup Synchron announced Thursday it raised $75 million in a new funding round including cash injections from Bezos Expeditions and Gates Frontier, investment vehicles for — you guessed it — Jeff Bezos and Bill Gates.
IBM Shutters Its China R&D Division - The Daily Upside
WEBAug 26, 2024 · [email protected]. It’s another day in the Long March out of China by Western firms. This time around, it’s IBM’s turn. On Monday, the tech giant announced it would be shutting down its Chinese research and development team, shifting some operations to other international locations and affecting around 1,000 employees in …
Uber Spreads Its Self-Driving Bets - The Daily Upside
WEBAug 29, 2024 · [email protected]. August 29, 2024. True to form, Uber is sharing the ride to the future of autonomous cars rather than driving itself there. On Thursday, Uber announced it’s investing in Wayve, a UK-based startup that’s building self-driving software for cars. The investment marks a continuation in Uber’s new strategy to build ...