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Bank of America’s Unrealized Bond Losses Could Top $90 Billion on Surging Yields
Barrons.com13d agoneutral
Bank of America’s Unrealized Bond Losses Could Top $90 Billion on Surging Yields

The paper losses on a large Bank of America bond portfolio could have widened by more than $10 billion to over $90 billion in the current quarter, thanks to the fixed-income market’s blistering selloff. Bank of America $506 billion portfolio of low-rate bonds, mostly U.S. agency mortgage securities, has been a sore spot for shareholders. Bank of America declined to comment Thursday.

Can Burger King Sustain Momentum? It Starts with What’s Still Left to Do
QSR13d agoneutral
Can Burger King Sustain Momentum? It Starts with What’s Still Left to Do

A year ago, Sami Siddiqui fielded a similar question. What’s something people ask about Burger King, Popeyes, Tim Hortons, and Firehouse Subs owner Restaurant Brands International that surprises him? Or, similarly, what’s a topic he wonders doesn’t surface more often? Siddiqui, RBI’s CFO, and former president of Popeyes, speaking at the Barclays 19th Annual Global […]

Microsoft fund backs British AI predictions start-up Mantic
Sky News13d agoneutral
Microsoft fund backs British AI predictions start-up Mantic

A London-based start-up which claims to have built an AI system capable of predicting global events has raised funds from a group of investors including Microsoft's ventures arm. Sky News has learnt that ManticAI, whose founders include a former Google DeepMind engineer, has raised over $20m in a funding round jointly led by Balderton - one of the early backers of Revolut - and Radical Ventures, a Canadian investment fund. ManticAI emerged from stealth just over a year ago, and made headlines by beating a number of human forecasters in a competition to predict events ranging from hostilities between Donald Trump and Elon Musk to Kemi Badenoch being removed from the Conservative party leadership.