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Top 100 Stories to Know for 28 Feb 2024 - United States

Discover to pay Capital OneThe two companies in the largest bank merger since the 2008 financial crisis released details of their agreement. It leaves the door open for Discover to field better offers, though the payments... company would pay a break-up fee of 4% if it accepts one.
Fed is 'not out of woods' onThe battle against rising prices is not over, one of the newest top Federal Reserve officials said Monday.
Disney's Sean Bailey, LongtimeHe had hits with live-action versions of "Aladdin" and "The Lion King," but Disney has been on a box office cold streak more recently.
The Rothschild family is worthThe Rothschild family established banks across Europe and defined several eras of financial history. Meet some of the most prominent family members.
How BMO merged its technologyBMO Financial Group doubled its mainframe capacity, prepared a cloud staging platform and used chaos engineering to ensure its Bank of the West integration went smoothly.
NYC has the highestPoverty in New York City surged by half a million between 2021 and 2022, bringing the total number of New Yorkers living in poverty to 2 million.

AT&T Offers $5 Credit After Widespread Service Outage

The New York Times - 26 Feb 2024 00:55
AT&T Offers $5 Credit AfterThousands of customers lost service on Thursday when the telecommunications company ran into problems while trying to expand its network, the company's chief executive said.
ECB Economists: Bitcoin FailsThe European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB... economists who authored the post added that bitcoin’s fair value is still zero and bitcoin transactions are “still inconvenient, slow, and costly.” Moreover, they asserted that […]
The amount in circulation has more than doubled in recent years, but $100s are hated by both cashiers and economists alike.
S&P, Dow eke out anotherCarvana surged 32.1% on Friday after reporting its first-ever annual profit, helped by its pact with bondholders to cut its outstanding debt by $1 billion.
US District Judge SanctionsBinance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a... third party will oversee Binance’s operations for a duration of five years. Historic $4.3 Billion Binance Settlement Approved by Seattle Judge Binance, the […]
Ex-Google exec claims he was"I'm really not supposed to tell you this. It could get me fired," Shaun Maguire quoted his then-boss at Google Ventures as telling him in 2019.
Why Jamie Dimon's sale of $150JPMorgan Chase & Co. CEO Jamie Dimon dumped $150 million in the company's stock Thursday in his first-ever sale, a recent filing shows. He had previously indicated an intent to unload stock.
Argentina to RegulateThe government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action... Task Force (FATF) gray list, putting crypto service lenders under the oversight of the local securities watchdog. Argentina Reportedly Set to Regulate Cryptocurrency Service Providers by […]

Nvidia shares surge 15%, set off rally on Wall Street

The Economic Times - 23 Feb 2024 02:05
Nvidia shares surge 15%, setNvidia's earnings were a major test for the AI-fueled rally on Wall Street that first pushed the S&P 500 above the 5,000 point mark earlier this month. Some analysts had cautioned that disappointing... results could spark a steep selloff among technology stocks.
The chip giant's shares have soared by more than 200% in the last year, driven by the AI boom.
'Thousands' of new ETFs seenBut inside the annual Exchange conference, industry insiders were obsessing over an event that could prove a far bigger deal for the $8.4 trillion business than the long-awaited launch of spot Bitcoin... ETFs: Regulatory approval of new share-class structures.
Nvidia's sales fellNvidia's revenue boomed everywhere but China after US restrictions stinted sales of its chips. It's now hoping "reconfigured" products might help.
The U.S. economy needs olderEconomic growth depends on employees over 55 participating in the workforce.
HuffPost parent Buzzfeed laysHuffPost parent company Buzzfeed said Wednesday that it is slashing 16% of its workforce — the latest in a wave of layoffs by financially-strapped media companies — and will sell music and... culture-focused site Complex The digital media company — once an advertising revenue juggernaut — said the cuts are "designed to reduce centralized costs...
Nvidia shares surge past $700Nvidia stock has gained more than 30% so far this year as it jockeys with Amazon and Alphabet for a spot among the most valuable companies.
Sam Bankman-Fried DitchesDisgraced former FTX founder Sam Bankman-Fried appeared in a Manhattan federal court on Wednesday afternoon with a new legal team that also represents former Celsius CEO Alex Mashinsky. The post Sam... Bankman-Fried Ditches Legal Team, Moves Forward with Ex Celsius CEO’s Lawyers appeared first on Cryptonews.
The firm never acknowledged the project publicly but had recruited about two thousands workers.
Dating app Bumble to lay offOnline-dating company Bumble Inc. will lay off approximately 350 workers -- about 37% of its workforce -- as part of a restructuring plan.
Surge pricing is coming toThe fast-food chain with a red-headed mascot is leaving some people red-faced after the news that it plans to test "dynamic pricing" starting as early as next year.