Business News
The Anguished Fallout from a Pro-Palestinian Letter at Harvard
The New Yorker - 20 Oct 2023 17:16
Students issued a statement blaming Israel for the Hamas attacks. Then a doxing campaign tested the courage of their conviction.
Microsoft CEO unravels ChatGPT, ethical AI, and going bust
Business Insider - 20 Oct 2023 18:40GM Raises Offer To Striking Auto Workers: 23% Wage Increase
Forbes - 20 Oct 2023 20:37
General Motors' new offer matches that of Ford.
AI Watch: Weekly Updates for the Latest in Generative AI News
AdWeek - 20 Oct 2023 12:00
In the midst of the rapid advancements in generative AI, Adweek's weekly AI summary provides an overview of the most recent updates, regulatory activities and business developments in the world of generative AI. This wee...
The Great Digital Transformation Author Releases Second Book About The Future Of Work
Forbes - 20 Oct 2023 22:00
Workforce 4.0: How AI, The Home Office, and the Gig Economy are Disrupting the Status Quo, by Gerard "Gerry" Szatvanyi, is now available.
Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger
Retail Touch Points - 20 Oct 2023 17:29
Just three weeks before it was set to go to trial, Walgreens Boots Alliance (WBA) has agreed to pay $192.5 million to settle a class-action lawsuit brought by investors who claim they were misled by the company about the...
Illinois Facebook users to get 'third and final' check from record $650 million biometric privacy settlement
Chicago Tribune - 20 Oct 2023 16:34
Illinois Facebook users began receiving a third and final payment this week for unclaimed proceeds from the record $650 million biometric privacy settlement.
Sam Bankman-Fried's Lawyers, DOJ Propose Final Sets of Jury Instructions
Coin Desk - 20 Oct 2023 00:38
The U.S. Department of Justice and Sam Bankman-Fried's defense team filed their proposed jury instructions after the witness testimony wraps up in the coming weeks.
SEC Drops Lawsuit Against Ripple Executives, All Charges Dismissed -- Ripple Calls It 'a Surrender by SEC'
Bitcoin.com - 20 Oct 2023 00:30
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple’s executives, CEO Brad Garlinghouse and co-founder Chris Larsen. “The SEC made a serious mistake going after Brad & Chris perso...
Chopra: Open banking helps small banks 'steal the lunch' of big banks
American Banker - 20 Oct 2023 21:20
Consumer Financial Protection Bureau director Rohit Chopra said Friday that a recently proposed data-access rule will provide a competitive edge to small banks, leveling the playing field between them and their larger co...
Bitfinex's CTO Paolo Ardoino Endorses RGB Protocol for Bitcoin Stablecoins
Crypto News - 20 Oct 2023 21:00
Paolo Ardoino, the chief technology officer (CTO) at crypto exchange Bitfinex, has expressed his support for the RGB protocol as the "best opportunity" for issuing stablecoins on the Bitcoin network. In an interview with...
How Costco's next CEO, Ron Vachris, went from driving the retailer's forklifts to earning millions in the C-suite
Business Insider - 20 Oct 2023 20:57Comerica foreshadows cost cuts
American Banker - 20 Oct 2023 19:35
"We'll be taking steps to offset expense pressures," CEO Curtis Farmer told analysts after the company reported an 11% year-over-year jump in costs and falling profits.
'The Big Short' investor Steve Eisman says he's buying stocks rooted in the 'old economy,' and that there's no new housing crisis in sight
Business Insider - 20 Oct 2023 19:23American Express CEO brushes off Delta's controversial rewards shift
American Banker - 20 Oct 2023 18:10
Steve Squeri says the outcry over the airline's changes to its loyalty program has not hurt spending on co-branded Amex cards.
FBI Charges 6 for Allegedly Running $30M Money Transmitting Business Using Crypto
Coin Desk - 20 Oct 2023 17:56
The FBI has charged six people for allegedly operating an illegal $30 million money-transmitting business using cryptocurrencies.
Elon Musk's X plots two new subscription tiers -- as traffic reportedly plunges
New York Post - 20 Oct 2023 17:55
"One is lower cost with all features, but no reduction in ads, and the other is more expensive, but has no ads," Musk wrote on X.
Pfizer jacks up price of five-day course of COVID drug Paxlovid to $1,400
New York Post - 20 Oct 2023 17:45
The new cost of the drug is nearly triple the amount the US government paid during the coronavirus pandemic, according to a report.
Why oil prices are rising amid the Israel-Hamas war
The Guardian - 20 Oct 2023 17:33
To date oil and gas flows from the Middle East remain fairly unaffected - but there are concerns about escalation Israel and Hamas at war - live updates Global oil market prices have climbed for two consecutive weeks sin...
Obama Treasury chief Jacob Lew got $14M from private equity firm after refusing to crack down on Wall Street loophole
New York Post - 20 Oct 2023 17:03
After serving as Obama's treasury chief, Lew joined the private equity firm Lindsay Goldberg in 2017, where he was made managing partner.
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
Bitcoin.com - 20 Oct 2023 16:30
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used b...
Fed's Balancing Act: Rising Rates and Shrinking Balance Sheets
Forbes - 20 Oct 2023 16:24
According to a recent Bloomberg article, losses on longer-dated Treasuries are beginning to rival some of the most notorious market meltdowns in US history.