When asked about the company's "Plan B" if mortgage rates don't fall, Redfin CEO Glenn Kelman responded, "Plan B is to drink our own urine or our competitors' blood, stay in the foxhole."
This wasn't at some informal, off-the-record gathering. It was on Redfin's second quarter earnings call earlier this week, the kind of call where executives usually stick to blandly optimistic platitudes - a call that gets transcribed on investor relations websites. #crypto #binance
Joe Biden's Inflation Reduction Act and Chips and Science Act offered more than $400bn in tax credits, loans and grants.
But of the projects worth more than $100mn, a total of $84bn have been delayed for between two months and several years, or paused indefinitely, an FT investigation has found.
In over a hundred interviews conducted by the FT, companies blamed deteriorating market conditions, slowing demand and lack of policy certainty in a high-stakes election year for the delays.
On Monday, OpenAl said it's changing the format of its DevDay conference from a tentpole event into a series of on-the-road developer engagement sessions.
The company also confirmed that it wouldn't release its next major flagship model during DevDay, instead focusing on updates to its APIs and developer services.
"We're not planning to announce our next model at DevDay," an OpenAl spokesperson told TechCrunch. "We'll be focused more on educating developers about what's available and showcasing dev community stories." #crypto #binance
cnbc India's Nifty 50 is outperforming the S&P 500 and analysts told CNBC the index could go even higher this year.
The South Asian benchmark has surged 11.8% so far this year, outpacing the S&P 500's 9% gain, and crossed the 25,000 level for the first time last week. #CRYPTO #BINANCE
financialtimes The move has followed sustained pressure from the pension fund's members, concerned over Israel's human rights record in occupied Palestinian territories since the start of the war with Hamas last year.
Britain's biggest private-sector pension fund has sold £80mn of Israeli assets, joining a wave of global retirement funds retreating from the conflict-ridden region following public pressure.
The £79bn Universities Superannuation Scheme (USS), which has more than 500,000 members, has 'materially' reduced its exposure to Israeli investments including government debt and Israeli currency in the past six months, said two people know the matter.
In the UK, public sector pension plans with cash tied up in groups supplying weapons to Israel are also under pressure to dump their holdings. #BTC #UK
Latino and Hispanic communities in the US have historically leaned Democrat - now, they are slowly drifting to the right. In a tight presidential race, this shift could seal the Democratic party's fate 👀
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