U.S. GDP slows to 0.7%
The U.S. economy posted its weakest first quarter growth in three years as consumers crimped on spending. Fred Katayama reports.
The U.S. economy posted its weakest first quarter growth in three years as consumers crimped on spending. Fred Katayama reports.
The U.S. Justice Department's top prosecutor in San Francisco is targeting artificial intelligence (AI) and other tech start-ups that defraud investors before they go public, he told Reuters. Ismail Ramsey, who became U.S. attorney for the Northern District of California a year ago, said his office is uniquely positioned to crack down on tech start-ups that mislead investors on the path to initial public offerings (IPOs) given his proximity to Silicon Valley venture and angel investors. High-profile examples of such frauds by start-ups include Theranos, whose founder Elizabeth Holmes and president Ramesh "Sunny" Balwani were convicted of deceiving Silicon Valley investors about the start-up's blood-testing technology, or uBiome Inc, a San Francisco start-up whose co-founders were charged with defrauding investors about its ability to expand clinical tests to monitor gut health.
ClearBridge Investments, an investment management firm, released its fourth-quarter 2023 “ClearBridge Aggressive Growth Strategy” investor letter, which can be downloaded here. The strategy outperformed its Russell 3000 Growth Index benchmark for the quarter. It had delivered gains across seven of the eight sectors in which it was invested on an absolute basis. Overall stock selection contributed […]
It came after GB News was put on notice by media watchdog Ofcom for breaching impartiality rules
Ten nonprofits serving young people in Detroit will get an unusual, lasting gift as part of a campaign started by Lisa Ford and her husband, Bill Ford, the executive chairman of Ford Motor Co. The Fords, along with The Children’s Foundation, Tuesday announced their plans to raise at least $10 million to set up permanent endowments for ten nonprofits in the city alongside Ford's investment in the refurbishment of Michigan Central Station, a long vacant train station in Detroit.
Meta Platforms has offered to almost halve its monthly subscription fee for Facebook and Instagram to 5.99 euros from 9.99 euros following discussions with privacy regulators, a senior Meta executive said on Tuesday. The move came amid mounting criticism from users about Meta's no-ads subscription service launched in Europe in November which critics say requires users to pay a fee to ensure their privacy. Meta launched the service to comply with the Digital Markets Act which curbs its ability to personalise ads for users without their consent, hurting its major revenue source.
Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for International Settlements, a forum for central banks, the Bank of Spain, Germany's Bundesbank and the European Central Bank said their experimental Gaia AI project was used to analyse company disclosures on carbon emissions, green bond issuance and voluntary net-zero commitments. Regulators of banks, insurers and asset managers need high-quality data to assess the impact of climate-change on financial institutions.
This ain’t your grandpa’s retirement.
COCOA, Fla., March 19, 2024--avô Transportation & Language Solutions rebrands to reflect its tech-driven approach to remastering T&T services within workers' compensation.
LONDON, March 19, 2024-- TR-1: Standard form for notification of major holdings
Michael Beschloss also spelled out in the gravest terms why the 2024 election will be like no other.
RESEARCH TRIANGLE PARK, N.C., March 19, 2024 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (NASDAQ: FENC; TSX: FRX), a commercial stage specialty pharmaceutical company, today announced that the Company will release its full year and fourth quarter 2023 financial results before the opening of the U.S. financial markets on Thursday, March 21, 2024. Management will host a conference call and webcast that day to discuss the Company’s financial and business results. Conference Call & Webcast Detai
Housing costs remain elevated in the US and the path to fixing them does not run through the Fed. At least in the view of Jerome Powell.
Pushing for consistency in US policy and advocating for the benefits of carbon capture, ExxonMobil CEO Darren Woods sees Big Oil as part of the solution in mitigating the impacts of climate change.
Expect a special restaurant line-up with more than 120 different dishes promised
Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.70 billion (US$6.44 billion) as of December 31, 2023Quarterly total revenues were RMB13.05 billion, a 53.0% increase quarter-over-quarterQuarterly gross margin was 6.2%, an increase of 8.9 percentage points quarter-over-quarterFull year vehicle deliveries reached 141,601, a 17.3% increase year-over-yearFull year revenues reached RMB30.68 billionFull year gross margin was 1.5%, a decrease of 10.0 perce
ANAHEIM, Calif., March 19, 2024--Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide. To add to its diverse non-QM lending offerings, CMS is introducing a Closed-End Fixed-Rate Second Lien product for its wholesale and correspondent lending customers.
Appleton, Wis., March 19, 2024 (GLOBE NEWSWIRE) -- U.S. Energy™, a leading provider of refined products, alternative fuels, and environmental credits, signed a long-term renewable natural gas (RNG) supply agreement with the Canton, Ohio-based Stark Area Regional Transit Authority (SARTA), one of the nation’s leading low/no-emission public transit systems. Under the terms of the agreement, U.S. Energy will provide landfill-based RNG to SARTA’s fleet of 36 compressed natural gas (CNG) transit buse
DALLAS, March 19, 2024--Richard Idgar, the chief operating officer of EoS Fitness, has been elected to the board of directors for the Health & Fitness Association.
Brazilian exchange operator B3 and S&P Dow Jones Indices on Tuesday launched the first volatility index of Brazil's domestic market, to be calculated based on the methodology of the CBOE Volatility Index , known as Wall Street's fear gauge. The S&P/B3 Ibovespa VIX will measure the 30-day volatility of options from Brazil's equities benchmark Bovespa , the companies said in a joint statement. Volatility indexes measure the so-called implicit volatility of an equity market, and are used by investors as a gauge of market sentiment and as a leading indicator for price moves.