Business News
HSBC under new CEO begins biggest restructuring in a decade
American Banker - 22 Oct 2024 15:29
The lender will combine its global commercial and institutional banking operations and is creating a new international wealth and premier banking business. HSBC also named Pam Kaur as its first female CFO.
JPMorgan's Bold Call: Why Carry Trades May Be Facing Their Final Days
Bitcoin.com - 22 Oct 2024 01:30
A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate h...
Water bills set to rise more than expected
BBC - 22 Oct 2024 01:04
The regulator will allow higher bills to fund growing costs and investment, the BBC understands.
Goldman Sachs Faces CFPB Fine Over Credit-Card Business
Wall Street Journal - 22 Oct 2024 19:44
An enforcement action is expected as soon as this week pertaining to the bank's Apple credit-card program.
Target slashes prices on 2,000 items ahead of holidays to win back inflation-battered shoppers
New York Post - 22 Oct 2024 15:59
Target announced the plan ahead of a shorter-than-usual holiday season, which is adding pressure to an already-squeezed industry.
UK economy 'set to accelerate', says IMF
BBC - 22 Oct 2024 15:01
The global financial institution predicts stronger UK growth of 1.1% this year and 1.5% next year.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The New York Times - 22 Oct 2024 15:00
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
Solana price unfazed by Pump.fun $6.6M sale, $47M SOL remaining
Coin Telegraph - 22 Oct 2024 14:00
Pump.fun's fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.
Epic Games launches Fab unified digital content marketplace
Venture Beat - 22 Oct 2024 14:00
Epic Games has launched Fab, a new unified content marketplace that enables developers to access digital assets from a single online market.
'Blade Runner 2049' producer sues Tesla, Elon Musk for copyright infringement
Market Watch - 22 Oct 2024 02:24Nikkei May Rise on Weaker Yen
Wall Street Journal - 22 Oct 2024 01:41
Japanese stocks may rise thanks to a weaker yen and expectations for domestic earnings growth.
Canadians and Mexicans nervously await the US election
BBC - 22 Oct 2024 01:02
As Americans prepare to vote in the presidential election, Canadians and Mexicans mull the likely impact.
Marc Benioff says Microsoft rebranding Copilot as AI 'agents' shows they're in 'panic mode'
Business Insider - 22 Oct 2024 00:56
Salesforce CEO Marc Benioff criticized Microsoft for its AI-powered agents and compared Copilot to Clippy 2.0.
Week of October 14 Morning News Ratings: All Three Morning Shows See Total Viewer Declines
AdWeek - 22 Oct 2024 23:52
For the fourth week in a row, ABC News' Good Morning America remained America's No. 1 morning show in total viewers. GMA continued to build on its lead over NBC News' Today with 166,000 total viewers separating the two m...
McDonald's burgers linked to E. coli outbreak in the US
BBC - 22 Oct 2024 23:48
At least 49 people have been sickened and one person has died, according to the CDC.
'All Roads Lead to Inflation' -- Why Legendary Investor Paul Tudor Jones Is Betting on Bitcoin
Bitcoin.com - 22 Oct 2024 23:38
Veteran investor Paul Tudor Jones shared his thoughts on CNBC this past Tuesday, confidently stating that he’s sticking with hard money like gold and bitcoin. In his view, any other option leads straight to inflation. ...
McDonald's stock plunges as Quarter Pounders linked to E. coli outbreak, CDC says
Market Watch - 22 Oct 2024 23:37'This is a game changer': Runway releases new AI facial expression motion capture feature Act-One
Venture Beat - 22 Oct 2024 23:35
The new feature includes safeguards to detect and block attempts to generate content featuring public figures without authorization.
Denny's to close 150 restaurants as restaurant chains continue to struggle
L.A. Times - 22 Oct 2024 23:28
Denny's, one of many fast-casual chains struggling with higher costs and changing consumer demand, says it's closing about 150 restaurants.