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Oil prices fall as investors await ‘toughest’ U.S. sanctions on Iran
Oil prices fell Monday as investors awaited details of what Washington has billed as its toughest-ever sanctions campaign against Iran.
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Crypto Card Spending Jumps Threefold in a Year, Paymentscan Data Shows
Cryptocurrency card spending has reportedly more than tripled in the last year amid increased retail purchasing. Spending on these cards came to $1.04 billion in July thanks to dollar-backed stablecoins and more people purchasing everyday items like groceries, CoinDesk reported Sunday (Aug. 23). Dollar-backed stablecoins were behind 70% of the more than 10 million tracked…
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Private Equity Groups Begin Placing AI Experts in Portfolio Companies
Private equity firms have reportedly begun placing artificial intelligence experts within their portfolio companies to grow those businesses. That’s according to a report Friday (Aug. 21) from The Wall Street Journal (WSJ), which cites the example of Wall Street firms like Blackstone and Hellman & Friedman’s $1.5 billion partnership with Anthropic to form an approximately…
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