Author: GT

An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas.Brandon Bell | Getty Images News | Getty ImagesJust as many mission-driven fund managers have reconsidered their defense policy in the wake of Russia’s full-scale invasion of Ukraine, an analyst at Goldman Sachs says it is now time for sustainable investors to re-evaluate their approach to oil and gas companies.It comes at a time when European energy majors have slashed renewable spending and doubled down on fossil fuels in an effort to boost near-term shareholder returns.Investments focused on environmental, social and governance (ESG) factors tend to…

Bitcoin is still expected to hit $1.8 million by 2035, despite recent price drops and reduced investor interest driven by global trade tensions. Joe Burnett, director of market research at Unchained, said Bitcoin remains in a long-term bullish cycle. He pointed to two models, the parallel model and Michael Saylor’s Bitcoin 24 model, that project Bitcoin prices of $1.8 million and $2.1 million, respectively, within the next decade. Burnett described both as solid base cases, noting that Bitcoin’s actual price could exceed those figures depending on broader economic factors. Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, also gave…

According to Dealroom data cited by the Financial Times, British start-ups raised just £16.2 billion last year, far less than the more than £65 billion raised by their counterparts in Silicon Valley during the same period. In fact, the U.S. appears to be pulling further ahead each year. In 2024, 57% of global venture capital funding went to U.S. startups — the first time that share has exceeded 50% in over a decade, per Dealroom. This widening gap is part of a years-long trend that U.K. founders have taken note of, the FT reports, and it’s prompting many to consider…

As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility. Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot gold. Their prices have since receded slightly to $3,265 and $3,244, respectively. While gold-backed cryptocurrencies surged so far this year, the wider cryptocurrency market has been in a downtrend. Bitcoin (BTC) has lost more than 11% of its value so far this year, while the…

OpenAI may soon require organizations to complete an ID verification process in order to access certain future AI models, according to a support page published to the company’s website last week. The verification process, called Verified Organization, is “a new way for developers to unlock access to the most advanced models and capabilities on the OpenAI platform,” reads the page. Verification requires a government-issued ID from one of the countries supported by OpenAI’s API. An ID can only verify one organization every 90 days, and not all organizations will be eligible for verification, says OpenAI. “At OpenAI, we take our…

ATLANTA (AP) — Trump administration officials were out in force across the television networks Sunday defending President Donald Trump’s economic policies after another week of reeling markets that saw the Republican administration reverse course on some of its steepest tariffs.Trump, meanwhile, said on his social media platform that there ultimately will be no exemptions for his sweeping tariff agenda, disputing characterizations that he has granted tariff exceptions for certain electronics, including smart phones, whose production is concentrated in China. Rather, Trump said, “those products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different…

Bitcoin (BTC) proponent Michael Saylor has hinted the company he co-founded, Strategy (MSTR), may be set to announce an additional BTC purchase this week shortly after revealing it expects a net loss in the first quarter of the year over unrealized losses on its massive BTC holdings. The company has added 80,785 BTC to its balance sheet since the beginning of the year after raising a total of $7.69 billion during the first quarter, with over half of that coming from common stock sales. Most, if not all, of those funds were used to buy bitcoin. On Sunday, Saylor posted…

Jack Dorsey, co-founder of Twitter (now X) and Square (now Block), sparked a weekend’s worth of debate around intellectual property, patents, and copyright, with a characteristically terse post declaring, “delete all IP law.” X’s current owner Elon Musk quickly replied, “I agree.” It’s not clear what exactly brought these comments on, but they come at a time when AI companies including OpenAI (which Musk co-founded, competes with, and is challenging in court) are facing numerous lawsuits alleging that they’ve violated copyright to train their models. Indeed, tech evangelist and investor Chris Messina alluded to this while writing that Dorsey “has…

The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10% baseline tariff in place, and also levied an additional 125% tariff on Chinese goods.) Reports about the exemptions noted that tech products might still be affected by targeted tariffs to come, with semiconductors coming under particular scrutiny. Lutnick made that more explicit on Sunday morning…

The world of cryptocurrencies is new, innovative and ever changing. Depending on the cryptocurrency, if you got in on the ground floor, there’s a good chance that you’ve seen a sizable return on investment — as well as a large tax bill. If you are hoping to avoid the IRS getting all of the money you’ve made on your crypto investments, perhaps you should consider another route altogether this tax season: giving it away to a worthy cause. Read Next: Warren Buffett’s Berkshire Hathaway Bought Over $73 Million in Shares of This Tech Company — Here’s Why Explore More: Here’s…