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Business News

Location American Business News for 5 September 2024
China Urged to Establish Unified Crypto Regulations for Seized Digital Assets A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related ...
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Jobless claims drop to 8-week low. Hiring has slowed, but layoffs aren't rising. The number of Americans who applied for unemployment benefits last week fell slightly to 227,000 and touched a 8-week low, reinforcing the view that companies are reluctant to lay off workers even as they clamp down on n...
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Mexican peso falls below key level. How a strong currency turned weak in a hurry Economic concerns and fears about constitutional upheaval also power peso sell-off
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Verizon grows lead as Dow's highest dividend yielder with annual hike to payout Verizon is boosting its dividend by about 2%, which would lift the stock's implied yield to 6.53%.
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U.S. auto sales shrink as high interest rates discourage buyers Sales of new cars and trucks fell 4.4% in August, unable to overcome high interest rates and a somewhat slower economy.
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Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply wi...
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The model's advantage lies in a technique called Reflection-Tuning, which allows it to detect errors in its own reasoning and correct them.
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Docusign posts earnings beat and turns to next leg of post-pandemic strategy The e-signature company recently started rolling out a new platform that uses AI and lets customers analyze all their contracts.
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Larry Ellison Will Control Paramount After Skydance Merger

The New York Times - 5 Sep 2024 23:28
Larry Ellison Will Control Paramount After Skydance Merger An F.C.C. filing shows that companies affiliated with Mr. Ellison will own most of the voting interest currently held by Shari Redstone.
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Markets are uneasy as a U.S. recession looks more likely Investors have been extra sensitive to weak economic data and talk about an upcoming recession.
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Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI parts and custom chips in fiscal 2024.
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The organizers of a January 6 awards gala claim Trump's song with riot defendants' prison choir 'went Platinum.' It didn't. Donald Trump's song with the J6 Prison Choir has modest success, but it never achieved RIAA platinum status.
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How to watch NFL Kickoff: Live stream Ravens vs. Chiefs football tonight The Baltimore Ravens and Kansas City Chiefs will face off in the first NFL game of the regular season. We'll show you how to watch the NFL Kickoff at home.
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Fed seeks input on discount window reforms

American Banker - 5 Sep 2024 22:55
Fed seeks input on discount window reforms The central bank has been under pressure to modernize its last-resort lending operation since the failure of three large regional banks last year.
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UiPath sees 10% revenue jump on 'increasing need' for AI; stock rallies UiPath also raised its guidance and approved a half a billion stock buyback program.
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AST SpaceMobile shares slide on $400 million stock sale Shares of AST SpaceMobile Inc. fell 14% Thursday after the space-based broadband company announced an at-the-market sale of up to $400 million of common stock.
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Why YouTube Pranked NFL Sunday Ticket Fans With Hidden Cameras YouTube wants to scare up excitement from younger fans for this year's NFL season. This week, YouTube premiered a new spot ahead of the NFL season, which kicks off today, as part of its campaign to promote NFL Sunday Tic...
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Costco posted another sales gain last month as bigger retail chains pull ahead The bulk retailer's same-store sales were up 5% in August and 5.4% in its most recent quarter.
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Trump pledges more regulatory rollbacks, touts potential for crypto The Republican presidential nominee laid out his economic platform during a speech at the Economic Club for New York.
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Here are the top college majors for earning a six-figure salary with a two-year associate degree According to salary data firm Payscale, these are the five highest-paying fields of study. In today’s world, money seems to matter more than ever. The price of groceries--and just about everything else--is sky high, an...
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SMB lending fraud on the rise: Survey

American Banker - 5 Sep 2024 22:36
SMB lending fraud on the rise: Survey A survey of 135 financial services companies conducted by LexisNexis Risk Solutions, a subsidiary of LexisNexis, found that a vast majority reported increased levels of fraud in 2023.
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Nexo Reopens UK Registrations With Enhanced User Protections Nexo, a crypto lending platform known for offering instant crypto-backed loans and high-yield interest accounts, has resumed new user registrations in the United Kingdom after a 10-month hiatus, implementing enhanced use...
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