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Category: SRN News

Meta Announces Portable AI Device Muse Charm

(Menlo Park, CA) — Meta is introducing a new portable AI gadget that can fit on a keychain. During the annual Meta Connect conference in Menlo Park, California CEO Mark Zuckerberg introduced a pocket-sized AI device called the Muse Charm. The black hand-held device has…

Analysis-Hedge funds sour on basis trade as Treasury selloff continues

By Anirban Sen and Gertrude Chavez-Dreyfuss NEW YORK, Sept 24 (Reuters) – Like Treasuries themselves, the Treasury basis trade has fallen out of favor lately. Funds locked up in leveraged basis trades are down 20% this year to $1.2 trillion, Morgan Stanley estimates. The decline…

Starbucks to close 250 stores in North America this week

Starbucks plans to close 250 North American stores later this week. In a letter to employees, Starbucks Chief Operating Officer Mike Grams said the locations targeted either aren’t delivering acceptable financial results or can’t provide the kind of experience that Starbucks wants for customers and…

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