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The Musk-led group aims to re-establish OpenAI as a security-focused, open-source philanthropic force, said Mark Toboff, a lawyer for Mr. Musk, who led a consortium of investors including X.AI, Barron Capital, Valor Management and Altreides Management.
Mr. Goolsbee said the pace of rate cuts was likely to slow as rates moved closer to a stable level, with rates set to "fall significantly" over the next year. The labour market has cooled and is close to full employment.
Federal Reserve Chairperson Jerome Powell said that as interest rates approach neutral, it may be necessary to slow the pace of rate cuts.
The US Secret Service will begin protecting the immediate family of President-elect Donald Trump in the coming days as the Biden and Trump administrations go through a transition period in the coming months, according to a law enforcement official. Mr. Trump's near-assassination in Butler, Pennsylvania, this summer and a second alleged assassination attempt against him in Florida in September prompted the Secret Service to step up its efforts to protect him. Agents have been pulled from investig...
Zhu Zhen, senior vice president of Futu Securities, said that with the release and implementation of the Hong Kong government's policy on developing virtual assets, the concept of Crypto has gradually become popular among retail investors, and industry participants are also increasing. In addition to payment, the application of Crypto in financing, investment, and stored value has also attracted the attention and entry of institutional investors. The release of Ethereum (ETH) has brought more po...
