Cisco’s $28B Splunk Deal to Spark Software Acquisition Upswing
September 26, 2023Cisco’s $28 billion Splunk deal is likely to spark a surge in software acquisitions. Splunk had been in the process of shifting its business model from software licensing to subscriptions before it announced its sale agreement to Cisco last week,…
Amazon to invest $4B to propel Anthropic as a key player in generative AI
September 25, 2023Amazon.com Inc., the global e‑commerce giant, announced on Monday a substantial investment of up to $4 billion in the high-profile startup Anthropic, an emerging player in the field of artificial intelligence and a potential rival to ChatGPT developer OpenAI. As…
Seafood firms in Hawaii, California warned over FDA violations
September 11, 2023The violation of seafood Hazard Analysis and Critical Control Point (HACCP) regulations has raised concerns in both Hawaii and California, as the Food and Drug Administration (FDA) takes action against two seafood firms. In Hawaii, Amor Nino Foods, Inc. faces…
Some businesses in Portland show consequences of the Square’s outage
September 11, 2023The after-effect of Square’s recent outage has sent shockwaves through several businesses in Portland, Oregon. The popular credit card transaction service ‘Square’ crashed for more than 24 hours this week. This unforeseen disruption left many entrepreneurs grappling with profit losses…
Grants available for women-owned businesses, pandemic recovery, and security upgrades
September 10, 2023Small business grants have already proven vital in empowering genius entrepreneurs from various communities. Here are additional grant opportunities now in the US for different sectors, including women-owned businesses: StartHER TWU Grants: Texas Woman’s University’s Center for Women Entrepreneurs is…
Chevrolet’s ‘Step Up’ empowers black business owners
September 10, 2023Chevrolet’s “Step Up” initiative has supported Black-owned businesses in recognition of Black Business Month. The American automobile division of the manufacturer General Motors has created a positive impact on communities by awarding five exceptional entrepreneurs a $20,000 donation each. Through…
Mastercard, KredX collaborate to ease B2B payments
September 8, 2023Mastercard Inc. the second-largest payment-processing corporation worldwide, announced on Thursday a partnership with India-based supply chain finance platform, KredX. The collaboration aims to reshape business-to-business (B2B) digital payments by simplifying the intricacies that frequently crop up during these transactions, such…
Savings accounts growing in popularity as investment tools amid higher interest rates
September 8, 2023Savings accounts have displayed an growing popularity as a realistic investment option. This resurgence comes after years of neglect due to historically low annual returns following the Great Recession. And, with the Federal Reserve embarking on an assertive tightening campaign…
First tech stocks sell-off in weeks as AI fatigue takes hold among investors
September 8, 2023Investors are exhibiting signs of AI fatigue, as technology stocks experience their first downturn in nearly three months, as reported by Bank of America Global Research on Friday. In the week ending Wednesday, investors redirected their investments towards cash, equities,…
Silver Bullet announces to resume Arizona mining with strategic investment
September 8, 2023Arizona went through a challenging period of extreme weather conditions throughout August, posing a severe risk to both equipment and personnel. After the challenging period, Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) has announced its decision to resume mining…
Asia faces record decline in ultra-rich population compared to North America and Europe
September 8, 2023A recent report has revealed the largest drop in Asia’s ultra-rich population compared to North America and Europe. The data from Altrata’s report, regarding a continent known for its rapid economic growth and burgeoning affluence, is startling. In the year…
Vanguard strategy to add at least $100k to your retirement savings
September 8, 2023The Vanguard Group, Inc., an American registered investment advisor based in Malvern, Pennsylvania, has suggested a novel strategy capable of adding at least $100,000 or more to your retirement savings. This smart strategy centers on using the hidden value in…
China’s Tencent launches large language AI model ‘Hunyuan,’ open for business use
September 7, 2023China’s Tencent Holdings, the owner of the WeChat platform, launched a large AI model, Hunyuan, on Thursday, emerging as a heavyweight competitor to lead in the AI industry. This has set the stage for a clash of technological titans, including…
Dave Portnoy’s negative comment on social media turns into a booming business for a Massachusetts pizza place
September 6, 2023A Massachusetts pizza place is experiencing a surge in sales after a negative review by businessman Dave Portnoy, the founder of Barstool Sports. Portnoy filmed a review of Dragon Pizza, located in Somerville, Massachusetts, in which he called the pizza…
Gen Z is more volatile than others in stock market: survey
September 5, 2023Gen Z stands out with 87% actively participating in the market in 2023, compared to 68% of millennials (ages 27 to 42). Gen X and baby boomers trail far behind at 38% and 35%, respectively, with the overall American investor average resting at 52%.
California’s billionaires eye on building a rural city, awaiting voter consent
September 5, 2023Prominent figures from Silicon Valley have turned their attention to reshaping the political dynamics in Solano County, California. With an $800 million financial reservoir, these billionaires aim to build a new city named “California Forever,” promising local prosperity, solar energy,…
Georgia InvestFest: Bridging the Racial Wealth Gap
September 4, 2023Rashad Bilal and Troy Millings, founders of Earn Your Leisure, arranged a unique financial event called InvestFest at the Georgia World Conference Center on August 25–27. This event has served a bridge connecting the finance world with the influential hip-hop…
Biden urges congress for $16B FEMA funding to aid hurricane-ravaged Florida
September 3, 2023President Joe Biden’s recent visit to Florida in the aftermath of Hurricane Idalia brings attention to the urgent need for increased FEMA funding. As Biden stood before a damaged home in Live Oak, Florida, he emphasized the rare severity of…
Investor worries grow as student loans and credit card debt weigh on consumers
September 1, 2023Investors are growing increasingly concerned about the financial stability of American consumers as rising student loans and credit card debts take their toll. Despite a strong labor market with historically low unemployment rates, there are signs that consumer stress is…
Unemployment rate in US soars to 3.8% in August despite 187,000 job additions
September 1, 2023The United States is reported to be experiencing a significant surge in the unemployment rate, which rose sharply to 3.8% in August, even as the economy added 187,000 new jobs to the workforce. The Bureau of Labor Statistics’ report on…
Jobs report today: US stock futures rise ahead in anticipation
September 1, 2023Investors eagerly await the August jobs report, set to release at 8:30 a.m. ET, while stock futures reflect cautious optimism. Economists, as cited by The Wall Street Journal, project the addition of 170,000 workers for the month, marking the lowest…
The salary a single person needs to get by in every U.S. state
August 30, 2023Recent times have witnessed an upsurge in the studies aimed at determining the required earnings for individuals to ensure a respectable standard of living across the diverse landscape of the United States. A recent study has ignited keen interest in…
Study shows 70% of college seniors with student debt say looming repayments will impact their career plans
August 29, 2023The impending obligation to repay student loans is set to shape the career trajectories of the Class of 2024 amid the evolving post-pandemic economic landscape. As student loan interest resumes on September 1 and payments come due in October, Handshake’s…
44% of young savers aim to retire by 60, but financial reality remains challenging
August 28, 2023Mainly tempted by fast-food commercials, the aspirations of young investors to retire early are akin to succulent promises that might not materialize. Recent data from the World Economic Forum reflects the same, revealing that a substantial 44% of retirement savers…
AeroFarms’ bankruptcy tour emerges as furnace for progressive growth strategies
August 28, 2023Through a journey marked by the challenges of bankruptcy, AeroFarms, a sustainable indoor agriculture company based in Newark, New Jersey, has emerged as a leading force in indoor vertical farming, making significant progress by establishing large-scale commercial grow facilities and…
Certified $30M claims against deceased Nebraska businessman’s estate reveals complex web of financial deception
August 28, 2023In what could be characterized as one of the most remarkable bank fraud cases in the history of Nebraska, the estate of the late Lincoln businessman Aaron Marshbanks faces certified claims exceeding $30 million. Marshbanks, aged 45, was found unresponsive…
Here’s why global inflation pressures may become harder to handle in coming years
August 28, 2023Mounting trade barriers, aging populations, and the transition to renewable energy sources are increasingly blending to intensify the challenge of managing inflation. This fusion of such unwelcoming factors threatens to strain the efforts of central banks, particularly the Federal Reserve,…
EV maker BYD buys Jabil’s China manufacturing business for $2.17B
August 28, 2023Chinese electric vehicle (EV) manufacturer Build Your Dreams (BYD) Co. Ltd announced on Monday its acquisition of Jabil Inc’s Singaporean division’s mobility business in China for $2.17 billion, as reported by Reuters. The deal is expected to bolster BYD’s strategic…
Zillow’s 1% down payment offer targets struggling buyers amidst 22-year high US mortgage rates, faces criticism
August 26, 2023US mortgage rates have indeed reached 22-year highs; the national average 30-year fixed mortgage rate is 7.59%, and the 15-year fixed mortgage rate is 6.86%, creating a challenging environment for potential homebuyers. In response to this situation, Zillow Group, Inc.,…
New Jersey transforming credit card equity with swipe fee transparency
August 26, 2023New Jersey is now set to revolutionize credit card equity by enforcing radical swipe fee transparency law. The state’s recent legislation, now in effect, restricts businesses from passing excessive “swipe fees” onto consumers, aligning with trends already tackled by other…
Aurora InfoTech to Host Jacksonville’s Small Businesses 2nd Annual Tech Day 2023
August 26, 2023Aurora InfoTech, a premier IT security services provider for small businesses in Jacksonville, based in Orlando, has been officially selected as a host of the upcoming second annual Small Business Tech Day. The program is scheduled for November 16, will be…
The “HNWI-Written Story” of the Green Coffee Company’s Triumph
August 25, 2023The story of the Green Coffee Company isn’t just about beans; it’s about the notable influence of visionaries and the high-net-worth individuals in shaping its destiny. In the world of business, unconventional paths often lead to remarkable triumphs. For example,…
U.S. stock futures stabilize after Dow’s 374-point plunge preceding Powell’s key speech
August 25, 2023U.S. stock futures finally exhibit stability on Friday, poised for Federal Reserve Chair Jerome Powell’s eagerly anticipated address taking place in nearly five hours. The Dow Jones Industrial Average futures (YM00, 0.23%) rose 62 points, or 0.2%, reaching 34202. Meanwhile, the…
Dollar surges to over two-month high ahead of Powell’s speech
August 25, 2023The U.S. dollar has ascended to a peak not witnessed in over two months, poised for its sixth consecutive week of advancement. . This surge is particularly driven by the careful preferences of investors, who are seeking shelter within the…
Key indicators point towards stock market crash as risk of hawkish Powell looms
August 25, 2023As the Jackson Hole retreat approaches on Friday, a sense of uncertainty and apprehension looms over the markets. Federal Reserve Chairman Jerome Powell’s prior speeches have displayed his flexibility in policy agendas, but this year, the indicators suggest a different…
Intricate operational challenges push S&P downgrades for multiple US banks
August 22, 2023S&P Global’s decision on Monday to downgrade credit ratings for a number of US banks and revise their outlooks underscores the complex operational challenges that have engulfed the nation’s financial sector. The move follows a similar action taken by Moody’s…
US Yields Soar to Decade Highs: European Shares Recover, Nasdaq Surges
August 22, 2023The recent surge in U.S. Treasury yields has captured the market’s attention, as they ascend to levels not witnessed in a decade. Simultaneously, European equities have rebounded from a six-week nadir, and the Nasdaq Composite has surged over 1% in…
Dollar General’s $140M investment unveiled redefines distribution
August 20, 2023Dollar General Corporation, an American chain of variety stores headquartered in Goodlettsville, Tennessee, commemorated the inauguration of its state-of-the-art distribution center in Blair, Nebraska the previous day, on August 19. The grand opening event, attended by employees, officials, and community…
Rising climate change effects, combined with the costs of living, rattle Americans’ finances
August 19, 2023Nature is witnessing the escalation of warm weather and the concurrent rise in the cost of living, prompting American households to skillfully navigate the intricate interplay between the consequences of climate change and their own financial stability. The repercussions of…
Mortgage rate climbs to 21-year high, raises housing market crash anxiety
August 18, 2023The housing market in the United States is currently facing a critical moment as mortgage rates reach their highest point in past 21 years, since April 2002. This surge in rates, combined with a series of economic factors, has ignited…
This new investment app offers financial advice
August 17, 2023For more than eight decades, Forsyth Barr has been a trusted name among New Zealanders seeking professional investment advice and services. The innovative Tempo App stands apart from regular investment platforms by harmoniously intertwining cutting-edge technology and astute financial guidance,…
How Texas Went from Business Leader to Challenger
August 17, 2023Texas, known for its robust economy and business-friendly environment, has long been a focal point of economic growth in the United States. Over the years, the Lone Star State has attracted companies, talent, and investment, becoming a symbol of American…
Biden’s $39B student debt relief makes way for the rise of economic empowerment
August 16, 2023Biden’s administration forgives $39B student debt for 800,000 borrowers, rectifying long-standing system flaws. Economic empowerment surges as relieved borrowers redirect resources to investments, driving growth. Legal battles and Supreme Court’s rejection of broader plan emphasize administration’s adaptable commitment. Tangible impacts can…
Global stocks in near 5‑week lows as Russia’s central bank enacts bold rate hike
August 15, 2023While investors are feeling unease due to surging government bond yields and economic stagnation, global stocks find themselves stuck near five-week lows on Tuesday. China’s pivotal rate cuts and disappointing economic indicators have further amplified concerns, while Russia’s Central Bank’s…
UBS’s $1.4B settlement can elevate global banking accountability standards
August 15, 2023The recent $1.4 billion settlement between UBS and U.S. authorities is more than a financial transaction; it’s a watershed moment that has the potential to uplift global banking accountability standards. The settlement, which stems from UBS’s alleged misrepresentation of mortgage-backed…
Texas Oil executives’ windfall amidst Denbury’s Exxon merger
August 14, 2023A narrative of fiscal success and paradox emerges as four leading executives from Denbury Inc., a Texan oil producer, stand poised to reap the rewards of a remarkable $121.5 million remuneration agreement, a considerable gain following the company’s recent emergence from Chapter 11 bankruptcy.
Ripplewood is about to fuel AI revolution with $1B investment
August 14, 2023Ripplewood, renowned for its strategic investments, is poised to channel $1 billion into the AI giant, OpenAI. In a watershed moment, the private equity firm based in New York City aims to harness the transformative potential of OpenAI’s groundbreaking technologies to reshape the investment sector.
Yen’s surge beyond 145 sparks BoJ intervention talk
August 14, 2023The Japanese yen, having breached the crucial 145 mark against the dollar, has incited anticipations of a potential intervention by the Bank of Japan (BOJ).
Recent tech stock slide, a Decembresque echo, threatens 2023 rally; Nvidia’s AI-driven surge redefines valuations
August 12, 2023During this two-week downturn, the Nasdaq-100 registered a 4.6% retreat, culminating in a decline of 0.7% on Friday. This represents the most significant setback since December 23, when the index encountered a 5% pullback.
Brazil introduces $350B investment strategy to bolster economy, foster green transition
August 11, 2023To further both its economic revival and commitment to sustainable development, President Luiz Inacio Lula da Silva has introduced a substantial $350 billion infrastructure investment plan for Brazil.