Author: BostonNewsletter.com Est. 1704

By the time most investors hear about a company, it’s already public and priced like it.Immersed is different. It’s a private company operating at the intersection of AI, Spatial Computing, and productivity, with more than 1.5M users already working up to 60 hours per week (the equivalent of 2,000 cumulative years) inside its platform.That usage matters because Immersed is not selling an idea. It’s building the full next-gen computing stack that combines software, hardware, and AI, anchored in real user behavior.Major technology partners include Meta, Samsung, and Qualcomm. The company has also reserved a NASDAQ ticker ($IMRS) and is currently…

A recently implemented program revealed that residents of at least one California city are not the most law-abiding citizens. In addition to indulging at times in rioting, drug use, theft, robbery, public defecation, and murder, it tracks that many residents of cities like Oakland also have little, if any, regard for the speed limit. The Oaklandside reported May 26 that 35 new traffic cameras in 18 locations initially issued warnings between Jan. 15 and March 14. After that, the city began to issue tickets to second-time offenders. During the 40 days from March 15 to April 25, 82,000 citations and…

Cliffwater LLC’s flagship private credit fund capped redemptions at 5% in the second quarter after investors looked to pull about 17% of shares, in a sign of enduring pressure on the $1.8 trillion market. Source link

Saving California Wouldn't Be Difficult Source link

On his 1978 album Bruised Orange, the late John Prine wrote, “That’s the way that the world goes ’round / You’re up one day, the next you’re down / It’s half an inch of water and you think you’re gonna drown / That’s the way that the world goes round.” Don’t Caitlin Clark and the Indiana Fever know it. Caitlin Clark and the Indiana Fever were touted as title contenders entering the season, but faced immediate questions after giving up 107 points in a loss to the Dallas Wings in their highly anticipated opener. They then won three of their next four…

Money is a story we agree to believe. A dollar buys a dollar’s worth because we all act as if it does, and a company is worth whatever the next buyer will pay, not a penny more. For most of the past century, the biggest stores of that belief were countries and the giant public companies their citizens could actually own a slice of. You could buy Coca-Cola, your local bank, or the carmaker down the highway, and the value sat in plain sight on a stock exchange. That arrangement is quietly breaking. Some of the most valuable enterprises on…

Federal prosecutors said that four suspects turned themselves in after an investigation into a $30 million Medicaid fraud scheme.Two Ohio state employees and two co-conspirators were indicted in the scheme that fraudulently billed the federal government for children’s behavioral health services, according to Acting Attorney General Todd Blanche.’These initial suspensions mark a critical step forward in ensuring accountability and deterring abuse within the Medicaid system.’Two of the defendants falsely claimed to provide the medical services through behavioral health organizations that they owned and operated, according to Blanche.The four suspects were hit with 32 counts in the indictment.The fake services provided…

The image of an older couple walking on a beach at sunset near a lighthouse, paired with a tagline on “guiding your financial future with confidence,” likely looked familiar to financial advisors.Processing ContentTo planning entrepreneur and writer Michael Kitces, the generic advisor practice homepage, which he constructed using ChatGPT, showed the contrast between the wealth management industry’s typical approach to marketing and his team’s research, which found that consumers choose advisors based on “paths of trust.” And a website that looks like that of every other wealth management firm fails to forge any such connections, he said in the opening…

Two victories for federal agencies and one for makers of generic drugs. Source link

UFC BJJ 9 produced a lot of action and ended up with a whopping eight submission finishes in nine matches. The biggest story coming out of the night is UFC BJJ champ Mason Fowler and CJI champ Nick Rodriguez quickly winning their respective matches by rear naked chokes, then both calling for a title rematch.After coming off a draw on his last bout, Nicky Rod dropped down to light heavyweight and just ran through his opponent in Joao Nicolite. The CJI millionaire rushed into a takedown from the opening bell, and worked on his trademark body lock passing before ending…