Author: FX

Christopher Furlong Elon Musk shared an X post from the first patient to receive a brain-computer implant developed by his neurotechnology company, Neuralink, on Friday, calling it the “first ever post made just by thinking.” His comments came after Neuralink showed Noland Arbaugh, a 29-year-old accident victim who had become paralyzed from the shoulders down, playing a game of chess on his laptop after receiving the implant. The experimental device is designed to allow patients with neurological conditions to control a computer cursor or keyboard using only their thoughts without involving wires or physical movement. “Twitter banned me because they…

Wolterk/iStock Editorial via Getty Images UnitedHealth (NYSE:UNH) said that the company is ready to clear a backlog of more than $14B in medical claims as its software applications affected by the recent cyberattack on its Change Healthcare unit resume operations. The Minnetonka, Minnesota-based healthcare giant said that its medical claims preparation software, Assurance, went back online early this week, and its largest clearinghouse, Relay Exchange, will resume operations on the weekend of Mar. 23. “Once a critical mass of payer connectivity has been established, we will turn on claims processing for Assurance customers,” UNH said in a Friday update. “As…

Raphael Bostic is president and chief executive officer of the Federal Reserve Bank of Atlanta, he spoke late on Friday. During Asia time I noted here how late he was speaking and expressed a hope he wouldn’t be saying too much of importance …. well, he sure did!He is now expecting one 25bp cut in 2024, down from the two he was expecting, and he expects that single cut later in the year. He says he is “definitely less confident” than he was in December that inflation will continue to fall towards the Bank’s 2% targetBostic’s reasoning:economy has proved more…

© Reuters. A digital board with a date and a slogan, that reads “We mourn” displayed in memory of victims of the shooting incident, is seen opposite the burning Crocus City Hall concert venue on the outskirts of Moscow, Russia, March 23, 2024. REUTERS/Maxim Shemetov By Guy Faulconbridge, Alexander Marrow and Mark Trevelyan MOSCOW (Reuters) -Russia said on Saturday it had arrested all four gunmen suspected of carrying out a shooting massacre in a concert hall near Moscow, and President Vladimir Putin pledged to track down and punish those behind the attack. Militant Islamist group Islamic State claimed responsibility for…

© Reuters. U.S. Treasury Secretary Janet Yellen testifies before a Senate Finance Committee hearing on the 2025 budget on Capitol Hill in Washington, U.S., March 21, 2024. REUTERS/Elizabeth Frantz/File photo By Andrea Shalal WASHINGTON (Reuters) – A $1.2 trillion government funding bill passed by Congress will allow the U.S. to lend up to $21 billion to an International Monetary Fund (IMF) trust to help the world’s poorest countries, U.S. Treasury Secretary Janet Yellen said on Saturday. Yellen said the funding would make the United States the largest supporter of the IMF’s Poverty Reduction and Growth Trust (PRGT), which provides zero-interest…

© Reuters. In a recent transaction, Keyvan Mohajer, the CEO of SoundHound AI , Inc. (NASDAQ:), has sold a portion of his holdings in the company. The transaction, which took place on March 22, 2024, involved the sale of 31,665 shares of Class A Common Stock at a weighted-average price of $6.0778 per share, totaling approximately $192,453. The sale was conducted under a prearranged trading plan known as a Rule 10b5-1 plan, which Mohajer had adopted in December of the previous year. These plans allow company insiders to sell shares over a predetermined period of time to avoid accusations of…

Neilson Barnard/Getty Images Entertainment Southwest Gas (NYSE:SWX) disclosed plans Friday to move forward with an IPO for its infrastructure services business, two years after first announcing its intention for the spinoff following a challenge by activist investor Carl Icahn. Centuri Holdings, which builds and maintains energy networks that power millions of homes and businesses across the U.S. and Canada, plans to list on the NYSE under the CTRI symbol. Southwest Gas (SWX) said in 2022 that it would spin off the unit to focus on its regulated natural gas business, after reaching a settlement with Icahn. The timing, number of…

SlavkoSereda/iStock via Getty Images The Biden administration has urged Ukraine to halt drone strikes on Russia’s energy infrastructure, warning the attacks risk provoking retaliation and driving up global oil prices, Financial Times reported on Friday. The U.S. delivered repeated warnings to senior officials at Ukraine’s state security service and military intelligence directorate, according to the report. The attacks have helped lift crude oil prices nearly 4% so far since March 12, when Ukraine ramped up its drone attacks on Russia’s refineries and other energy infrastructure. The U.S. also is said to be concerned that Russia could retaliate by hitting energy…

Indicators flash oversold conditions on the daily chart. Contrarily, hourly chart indicators suggest a slow return of bullish impulse as the bears might have run out of steam. In Friday’s session, the NZD/USD declined just below the 0.6000 threshold, illustrating a bearish outlook as sellers continue to dominate the market. The pair is positioned below its primary Simple Moving Averages (SMAs), further backing the bearish perspective. Technical indicators hint at a strengthening sellers’ command but indicators lay in oversold terrain, a typical signal, and the buying momentum might recover. On the daily chart, the Relative Strength Index (RSI) for the…

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