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Business News

Location American Business News for 24 October 2018
Ford, Fiat and Nissan ads banned for dangerous driving The advertising watchdog condemns ads by three different carmakers for encouraging unsafe driving.
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Facebook said it's using artificial intelligence to detect and remove child pornography from user accounts. It activated the system last quarter.
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Trump, in Wall Street Journal interview, says the Federal Reserve chairman his his biggest economic threat, raising rates too fast
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Walmart Shoppers Are Perfect For New Auto Partnership Walmart and Advance Auto Parts have announced a strategic partnership to create an auto specialty store on walmart.com in 2019 that will sell common auto parts and accessories available at Walmart's stores and its 2,500 ...
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Etsy says what we all know: AI can have bias

Venture Beat - 24 Oct 2018 04:36
Etsy rebuilt its search framework around artificial intelligence, which made results more personal than before. But it isn't immune to bias.
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Why it's so hard to put bank smarts in voice assistants

American Banker - 25 Oct 2018 00:07
Striking the right balance between personalization and privacy is just one challenge the startup Finn AI is grappling with as it refines the artificial intelligence behind banking through Alexa and other devices.
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NRF Survey: Consumers Will Increase Holiday Spend 4.1% In 2018

Retail Touch Points - 24 Oct 2018 23:16
NRF Survey: Consumers Will Increase Holiday Spend 4.1% In 2018 Average consumer spending during the holiday season will top $1,000 -- $1,007.24 to be exact. That's 4.1% more than the $967.13 spent during the 2017 holiday season, according to a Prosper Insights & Analytics survey con...
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12 Approaches for Sharing Important News with Employees - the Right Way 12 leaders from the Young Entrepreneur Council give their tip for sharing important news with employees, whether good or bad.
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New York Community's profits fall on rising deposit costs

American Banker - 24 Oct 2018 19:08
Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds.
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Federal Reserve: Trump sharpens attack on central bank The US president said Fed chair Jerome Powell almost seemed "happy" to be raising interest rates.
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Campbell Soup VP tweets out George Soros conspiracy theory Campbell Soup on Tuesday released a statement that disavowed a conspiracy theory tweeted by the company’s vice president of government affairs. The soup company was responding to a remark from company lobbyist Kelly Jo...
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Fed up: Trump says he 'maybe' regrets nominating Chairman Powell "It almost looks like he's happy raising interest rates," Trump said of Federal Reserve Chairman Jerome Powell.
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The tobacco industry contributed roughly $6.5 million to oppose a ballot question that would increase South Dakota tobacco taxes to make state technical schools more affordable, according to state campaign …
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PORTLAND, Maine (AP) -- Voters marking a single candidate on a ballot? That’s so 20th century. A new way of...
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The central bank will hold an open meeting Oct. 31 to discuss changes to the enhanced supervisory regime as required by the regulatory relief bill passed in May.
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Some tech-heavy U.S. fund managers have turned to the once-stodgy payments sector as an alternative to so-called FANG stocks as high-flyers like Facebook Inc and Google parent Alphabet Inc falter.
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US brands falter in Consumer Reports auto reliability survey U.S. auto companies such as General Motors, Tesla and Ford faltered this year in Consumer Reports' reliability rankings as readers reported more mechanical trouble with their vehicles
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How bears are taking over world stock markets

Reuters - 24 Oct 2018 20:55
For investors trying to call the end of the bull run for stocks, the headline performance of the world's equity markets this year may not be telling the whole story.
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Mercantil Bank changes its name to Amerant

Miami Herald - 24 Oct 2018 19:12
Mercantil Bank, the fifth-largest in Florida, announced Wednesday it is changing its name to Amerant. "We are fully focused on the needs of today's customers and wanted our brand to …
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Health insurance sign-ups begin: Some assistance recommended The annual enrollment window for individual health insurance opens in a few days
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Tesla stock falls ahead of third-quarter earnings

Market Watch - 24 Oct 2018 19:12
Tesla is scheduled to report quarterly earnings after market close and to hold a conference call with analysts at 6:30 p.m. Eastern. MarketWatch will live-blog the call.
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Kelly Coffey, who was recognized as one of American Banker's most powerful women in 2018, will succeed Russell Goldsmith as CEO of City National, a Los Angeles-based unit of Royal Bank of Canada, on Feb. 1.
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