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Alleywatch
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Castellum.AI Raises $8.5M Series A to Tackle Financial Crime Compliance with AI Agents
- Castellum.AI raises $8.5M Series A to tackle financial crime compliance with AI agents.
- Their platform uses AI agents to reduce false positives by 94% and review time by 83%.
- Investors include Curql, BTech Consortium, and Framework Venture Partners among others.
- Castellum.AI targets financial institutions, credit unions, fintechs, and crypto exchanges for compliance.
- The company focuses on in-house AI, risk data, and AML/KYC screening to combat financial crime.
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Bloomberg Quint
3d
258
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US Jobless Claims Fell A Fourth Week During July 4 Holiday
- US initial jobless claims decreased by 5,000 to 227,000 in the week ended July 5, the lowest in two months.
- Continuing claims rose to 1.97 million, still the highest since late 2021, indicating challenges for out-of-work Americans to find jobs.
- New filings tend to be volatile around school summer breaks and federal holidays as temporary and seasonal workers cycle in and out of employment.
- The decline in initial claims suggests employers are reluctant to lay off workers amid ongoing difficulties for job seekers.
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Bloomberg Quint
3d
190
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India US Trade Deal LIVE: 22 Countries Slapped With Trump Tariffs; Pact With India On Cards?
- US President Donald Trump has imposed tariffs on 22 countries, with Brazil facing a steep 50% tariff.
- India and the United States are still in talks to finalize a trade agreement.
- Trump's tariff actions have not yet included India, which is actively engaging in trade negotiations with his administration.
- As global trade developments unfold, there is anticipation regarding the progress of an India-US trade deal.
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Bloomberg Quint
3d
0
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Goldman Warns Dollar Can Quickly Trade Like Risky Currency Again
- Goldman Sachs analysts warn that the US dollar may start trading as a riskier currency again due to various factors.
- Factors such as policy uncertainty, trade tariffs, Federal Reserve independence, fiscal fears, and diversification away from US assets could trigger volatility in the dollar.
- The dollar has shown an increased tendency to sell off alongside US equities in 2025, indicating a shift in correlations compared to previous years.
- While a permanent shift in the dollar's status as a safe-haven asset is not predicted, short-term volatility is expected.
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Bloomberg Quint
3d
479
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Marico, PN Gadgil, Radico Khaitan, RBA— Motilal Oswal's Top Stock Picks In Consumer Sector; Q1 Results Preview
- Motilal Oswal's top stock picks in the consumer sector include companies like Marico, Jubilant FoodWorks, Page Industries, Kalyan Jewellers, and PN Gadgil.
- In Q1 FY26, demand trends across various consumer categories are expected to reflect patterns seen in previous quarters.
- In Motilal Oswal's consumer coverage universe, revenue and Ebitda growth year-over-year in Q1 FY26 are projected to be positive across all segments like staples, paints and adhesives, liquor, innerwear, QSR, and jewelry.
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Bloomberg Quint
3d
263
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OPEC+ Discussing Pause To Output Hikes After Next Increase
- OPEC+ is considering a pause in production increases after its next monthly hike.
- The group plans to complete the revival of a 2.2 million-barrel supply in September and another 550,000 barrels monthly.
- Discussions are ongoing, and no firm decisions have been made yet. The halt in production could amount to around 1.66 million barrels per day.
- This move to potentially pause production increases has affected crude futures, with Brent futures down 0.9%.
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Bloomberg Quint
3d
325
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Musk Says Grok Chatbot Is Coming To Tesla Vehicles By Next Week
- Elon Musk announced that the artificial intelligence chatbot, Grok, will be integrated into Tesla vehicles next week.
- The decision comes shortly after the chatbot shared antisemitic content on Musk's social media platform.
- The new version of Grok boasts improved voice conversations and has shown better performance compared to other AI models.
- The integration of Grok into Tesla vehicles indicates a deepening relationship between xAI and Tesla, potentially boosting the carmaker's sales.
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Bloomberg Quint
3d
251
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Debt Reduced, Business Robust: Vedanta Resources CEO Dismisses Viceroy Research's Charge
- Vedanta Resources CEO, Deshnee Naidoo, dismissed the Viceroy Research report, stating it contains information already disclosed.
- Vedanta has actively reduced its debt over the past three years and refuted the claims made in the report, denouncing it as selective misinformation.
- Naidoo highlighted Vedanta's strategic focus on demerger, diversification, and deleveraging for long-term value creation, with plans for significant capital expenditure.
- Vedanta has been declared the preferred bidder for five composite mineral blocks, maintains a stable workforce, and has minimal revenue exposure to the US.
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Siliconangle
3d
187
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Datafy raises $20M in seed funding to optimize cloud storage costs autonomously
- Datafy Inc. secures $20M in seed funding for cloud storage optimization tool.
- The startup's platform autonomously reduces cloud storage costs, compatible with AWS.
- Datafy's approach is non-disruptive, manually adjusting storage volume sizes for efficiency.
- The funds will aid U.S. expansion and development of enhanced storage optimization tools.
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Eu-Startups
3d
310
Swiss BioTech platform NUCLIDIUM raises €84 million for the diagnosis and treatment of cancer
- Swiss BioTech platform NUCLIDIUM, based in Basel, raised €84 million in a Series B financing round led by Kurma Growth Opportunities Fund, Angelini Ventures, Wellington Partners, and Neva SGR.
- NUCLIDIUM is developing a proprietary copper-based theranostic platform for diagnosing and treating metastatic prostate, neuroendocrine tumors, and breast cancer, with a focus on women's health.
- The company's copper isotopes (Copper-61 for diagnostics and Copper-67 for therapeutics) aim to overcome limitations in radiotheranostics and improve clinical efficacy in cancer treatment.
- The funding will support NUCLIDIUM's clinical development, expand its production and manufacturing network, and advance its Copper-61/Copper-67 theranostic pipeline across multiple oncology indications.
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SiliconCanals
3d
57
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Amsterdam’s AI fintech scale-up Conpend secures funding: Know more
- Amsterdam-based AI fintech scale-up Conpend secures a majority investment from Cape Investment Partners (CIP).
- The funds will aid Conpend's global expansion, product development, and outreach to banks and financial institutions.
- Conpend, founded in 2016, provides digital tools to automate trade and lending processes for financial institutions.
- CIP will offer strategic guidance and operational support to Conpend to drive growth and enhance its AI-driven technology.
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Bloomberg Quint
3d
230
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UNAIDS Calls For Nations To Fill The Gap As Trump Pulls Funding
- UNAIDS has called on nations to fill the gap left by the US as Trump administration pulls funding, warning that a permanent halt in funding would undo years of progress in the fight against AIDS.
- The Global Aids Update showed the impact of the US funding cuts on countries affected by HIV, estimating significant increases in AIDS-related deaths and new HIV infections if funding discontinues.
- Prior to disruptions, 9.2 million people with HIV lacked access to life-saving treatment in 2024. Despite progress, UN report authors noted a decline in new infections and AIDS-related deaths by 2030 in some countries, primarily in sub-Saharan Africa.
- UNAIDS reported significant disruptions in treatment and prevention programs globally due to the abrupt withdrawal of funding, emphasizing the $4.3 billion commitment from Pepfar in 2025 that was suddenly withdrawn.
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Bloomberg Quint
3d
342
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Piyush Goyal Urges Energy Storage Industry To Reduce Dependence On Imports From Certain Countries
- Piyush Goyal urges energy storage industry to reduce dependence on imports from certain countries.
- He suggests focusing on research and development for creating innovative products and exploring newer technologies to cut overdependence on imports for self-sufficiency.
- Goyal emphasizes the need to look at alternative sources of supply to prevent overdependency on specific geographies, especially in light of challenges faced by sectors like auto due to restrictions imposed by China.
- The minister highlights the importance of industry stakeholders working together to develop charging and battery swapping infrastructure for faster EV adoption and to explore opportunities for expansion in manufacturing critical minerals and semiconductors.
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Bloomberg Quint
3d
258
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Bangladesh Ex-PM Sheikh Hasina Formally Indicted In Crimes Against Humanity Case
- Bangladesh's ex-PM Sheikh Hasina has been formally indicted in a crimes against humanity case by the country's International Crimes Tribunal.
- The case also involves former home minister Asaduzzaman Khan and former inspector general of police Abdullah Al Mamun for their roles in suppressing student-led protests last year.
- Abdullah Al Mamun has pleaded guilty and requested to become a state's witness, while Sheikh Hasina fled to India after her government was toppled.
- The trial will continue with Mamun detained in jail and the other two facing proceedings in absentia.
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Bloomberg Quint
3d
15
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Traders Watch Indian Expiry Day For Fallout From Jane Street Ban
- Traders are closely monitoring India's derivatives market following a ban on Jane Street Group, focusing on volatility and options volume on expiration day.
- Investors are waiting to see the impact of the ban on market dynamics, especially on Thursdays when half of India's equity-derivatives expire, a key day for Jane Street's strategy.
- Analysts anticipate a 20% to 30% drop in options volume on weekly contracts as large trading firms may refrain from strategies similar to Jane Street's, following SEBI's crackdown.
- SEBI's increased scrutiny on derivatives trading comes after retail investors suffered significant losses in the market, with recent reports showing worsened losses despite decreased trading by speculative traders.
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