Microsoft plans to invest $10 billion in OpenAI, the startup behind popular artificial intelligence tool ChatGPT, according to a report from Semafor.The deal is part of a funding round with other investors involved that would value OpenAI at a whopping $29 billion, Semafor reported Tuesday,…

Welcome back to Energy Source. A discouraging data point in the climate fight to share today: US greenhouse gas emissions were up again last year, putting the country further behind its climate commitments under the Paris agreement, according to new data from Rhodium Group, Derek reports.…

Stocks in Asia are starting 2023 in a bull market. Investors have been cheered by China’s pivot away from its zero-Covid policy, the ending of its crackdown on tech companies and Beijing’s renewed commitment to growing the world’s second biggest economy. The MSCI Asia Pacific…

Traders on the floor of the NYSE, Jan. 5, 2023.Source: NYSEHere are the most important news items that investors need to start their trading day:1. A little momentumThe Nasdaq put together its second straight day of gains Monday, even as the Dow and the S&P…

UK investment manager Terry Smith has blamed his £22.5bn fund’s underperformance on the end of “easy money” and warned that central banks could tip the economy into recession through too much monetary tightening.In his annual letter to shareholders, Smith said the 14 per cent drop…

Brian Armstrong, co-founder and chief executive officer of Coinbase Inc.David Paul Morris | Bloomberg | Getty ImagesCoinbase is cutting about a fifth of its workforce as it looks to preserve cash during the crypto market downturn.The exchange plans to cut 950 jobs, according to a…