Microsoft’s partnership with OpenAI could mean billions of dollars a year in new revenue, but the investment structure is complicated.
The SEC issued crypto exchange Coinbase a Wells notice, warning the exchange that it identified potential violations of U.S. securities law.
Analysts at Morgan Stanley said that if Microsoft is able to launch its own app store, it would be an “immaterial risk” to Apple, but still a long-term threat.
Hoffman cited a desire to invest in companies using OpenAI’s software, which would cause a conflict of interest, he said in the post.
Investors were weighing the latest financial woes at Silvergate and what a potential bankruptcy at the crypto bank could mean for the broader crypto industry.
All market eyes Tuesday will be on the release of the Labor Department’s consumer price index.
Biden has yet to confirm his plans for the next election cycle, but he’s expected to make a decision soon, according to various news outlets.
A ban on U.S. investment in Chinese tech could drive up market volatility — but some sectors may escape untouched, Bank of America analysts said.
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