Equity flows were highest in nearly 2 years last week

Equity flows were highest in nearly 2 years last week

Investors bought into the interest rate cut. Equity inflows last week were the largest they had been in roughly two years, according to Jill Carey Hall, equity and quant strategist at Bank of America Securities. The Wall Street bank reported its clients snapped up $6.9 billion worth in stocks, the highest level going back to … Read more

Washed Out’s new music video was created with OpenAI’s Sora tech

Washed Out’s new music video was created with OpenAI’s Sora tech

“The Hardest Part,” a new song from indie pop artist Washed Out, is all about love lost, among the most human of themes. But ironically, to illustrate the tune’s sense of longing, the musician turned to something far less flesh-and-blood: artificial intelligence. With Thursday’s release of “The Hardest Part,” Macon, Ga.-based Washed Out, whose real … Read more

U.S. Steel CEO defends planned sale to Japan’s Nippon, believes deal will ‘close on its merits’

U.S. Steel CEO defends planned sale to Japan’s Nippon, believes deal will ‘close on its merits’

U.S. Steel CEO David Burritt on Tuesday defended the company’s planned sale to Japan’s Nippon Steel, expressing confidence that the deal will “close on its merits” despite President Joe Biden’s vocal opposition. “We strongly believe the deal closes on its merits,” Burritt said in an interview on CNBC’s “Money Movers.” “It strengthens national security, it … Read more