Business
- BusinessRetail Banker International
Wipro to drive Close Brothers’ tech delivery and transformation
Collaboration aims to create a more digitally enabled, resilient and sustainable IT environment
2 min read - USUSA TODAY
Former mayor of South Dakota town charged in shooting deaths of 3 men
Jay Ostrem, 64, was booked into the Minnehaha County Jail on Tuesday in connection with the shootings in in Centerville, South Dakota.
3 min read - USMarketWatch
‘I feel like an idiot. I need every cent to retire’: I gave a friend $20,000 to buy me a car. He ghosted me. I called the police. What options do I have?
“We met several times in person, and he explained that once I gave him the money that I could trust him.”
4 min read - BusinessBellingham Herald mcclatchy
This Bellingham health clinic is getting a new name. What other changes should you expect?
What does this change mean for local patients, services and providers?
2 min read - USBloomberg
Texas Storms Cut Power to 1 Million, Some Outages to Last Days
(Bloomberg) -- High winds and heavy rains tore through storm-battered Texas Tuesday, grounding flights, flooding streets and leaving more than 1 million homes and businesses without power — some possibly for days. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to th
3 min read - BusinessFreightWaves
Benchmark DOE/EIA diesel price drops for seventh straight week
The benchmark price used for most diesel fuel surcharges declined for the seventh straight week. The post Benchmark DOE/EIA diesel price drops for seventh straight week appeared first on FreightWaves.
5 min read - USAssociated Press
Oregon wineries and vineyards seek $100 million from PacifiCorp for wildfire smoke damage to grapes
Dozens of Oregon wineries and vineyards have sued PacifiCorp over the deadly 2020 wildfires that ravaged the state, alleging that the utility's decision to not turn off power during the Labor Day windstorm contributed to blazes whose smoke and soot damaged their grapes and reduced their harvest and sales. In the latest lawsuit to hit the utility over the fires, some 30 wineries and vineyards in the Willamette Valley accused PacifiCorp of negligence and requested over $100 million in damages. T
2 min read - BusinessReuters
Musk offers factory tours to investors as he seeks support for his pay package
Elon Musk is offering factory tours to 15 Tesla shareholders who vote on his $56 billion pay package at the upcoming meeting, the latest effort by the electric vehicle maker to rally votes for the compensation after a court struck it down. The upcoming vote is seen as a referendum for Musk's leadership at a time when investors worry that he is distracted by his other ventures and that his often controversial comments are weighing on the reputation and sales of Tesla. The tour to Tesla's produc
2 min read - BusinessBloomberg
Short Seller Jim Chanos Sued by Partner Alleging Misuse of Funds
(Bloomberg) -- Jim Chanos, the short seller who made his name and fortune on Enron Corp.’s demise, was sued by a partner that accused him of embezzling company funds for his personal use and enriching his girlfriend in the process.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up Tensi
2 min read - LifestyleMotorious
Young People Are Car Theft Magnets: Study
They’re three times more likely to have their car stolen…
2 min read - BusinessTechCrunch
China's $47B semiconductor fund puts chip sovereignty front and center
China has closed a third state-backed investment fund to bolster its semiconductor industry and reduce reliance on other nations, both for using and for manufacturing wafers — prioritizing what is called chip sovereignty. China's National Integrated Circuit Industry Investment Fund, also known simply as 'the Big Fund,' had two previous vintages: Big Fund I (2014 to 2019) and Big Fund II (2019 to 2024). The latter was significantly larger than the former, but Big Fund III is larger than both at
4 min read - BusinessAFP
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
3 min read - BusinessReuters
American Airlines cuts second-quarter profit forecast
(Reuters) -American Airlines on Tuesday cut its second-quarter profit forecast on weaker pricing power, sending its shares of down about 8% in aftermarket trading. The company also said its Chief Commercial Officer Vasu Raja will leave in June. Raja has been spearheading the airline's new business strategy.
2 min read - USWPXI
Penn Highlands Healthcare to pay $735K to settle False Claims Act allegations
Penn Highlands Healthcare will pay $725,000 to settle a lawsuit alleging False Claims Act infringement.
1 min read - BusinessBenzinga
Apple's Defense Of App Store Fees Backfires As U.S. District Judge Calls Out Executives
Apple faces increasing scrutiny over its App Store fees as a U.S. District Judge raises concerns about its practices. Carson Oliver, Senior Director for Business Management for the App Store, testified before U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, defending the company’s 27% commission on certain in-app purchases. However, Judge Rogers questioned the justification for this rate, citing a study commissioned by Apple that suggested a rate half of that would be more appr
3 min read - BusinessThe Columbus Dispatch
Former presidential candidate and Ohioan Ramaswamy buys big into BuzzFeed, demands change
Ohio native and former Republican presidential candidate Vivek Ramaswamy has taken a stake in BuzzFeed and is pushing for big changes at the website.
3 min read - BusinessSkift
Booking Holdings’ Glenn Fogel Was the Highest-Paid Travel CEO
CEO pay versus performance: See the highest-paid travel bosses and how they scored on total returns for their shareholders.
3 min read - BusinessFootwear News
From VF to Crocs, Here Are the Shoe Brands That Named New CFOs This Month
Throughout the last month, Crocs, Wolverine Worldwide, Superfeet and more brands have named new CFOs.
2 min read - BusinessBloomberg
Robinhood Jumps on Plan to Buy Back Up to $1 Billion of Shares
(Bloomberg) -- Robinhood Markets Inc. jumped after the retail brokerage announced a plan to repurchase as much as $1 billion of its own shares.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to the Ultra-Rich Is a Booming Business in AustraliaThe firm expects the buy
1 min read - BusinessSourcing Journal
Arizona Class Action Alleges Patagonia Used ‘Spy Pixels’ to Amass Sensitive Consumer Info
A class-action lawsuit filed in Arizona federal court last week accused the outdoor brand of violating the state’s Telephone, Utility and Communication Service Record Act.
2 min read - TechnologyTechCrunch
Apple's Design Awards nominees highlight indies and startups, largely ignore AI (except for Arc)
With its list of Apple Design Awards finalists, Apple is celebrating indie apps and startups over bigger tech firms — including those offering AI chatbots. At a time when its App Store model has been called into question by legislators and regulators alike, Apple's annual list of what it considers the best and most technically innovative software available on its platform is turning its attention to the little guy. There's no ChatGPT to be found on Apple's list of finalists, for example.
3 min read - BusinessIEN
Stanley Black & Decker Faces $222,000 in Fines After Maintenance Worker Severely Injured
The electrician was repairing an industrial oven.
1 min read - USSouth Florida Sun Sentinel
Fort Lauderdale’s yellow tap water safe to drink, city says
Has the yellow water coming out of the tap got you spooked? Don’t worry. The water is safe to drink, Fort Lauderdale says. Fort Lauderdale has two water treatment plants, but the one that produces clear water has been offline since Thursday. The city was forced to shut down its Peele-Dixie plant after a raw water pipeline was damaged, said Dr. Nancy Gassman, assistant director of Public Works. ...
1 min read - BusinessBenzinga
Nike Wins Partial Victory in Three-Stripe Trademark Battle with Adidas
Nike Inc. (NYSE:NKE) has been given the green light to feature three stripes on some of its trouser designs in Germany following a court ruling. The ruling marks a significant moment in the ongoing legal battle between the U.S. sportswear giant and its German competitor, Adidas AG (OTC:ADDYY). The Duesseldorf regional court had previously barred Nike from using two or three stripes on five of its trouser designs after Adidas filed a trademark infringement lawsuit in 2022, according to a report f
2 min read - BusinessBusiness Insider
Target has around 75 Pride items in its collection right now. That's over 2,000 fewer than last year.
Target has backtracked from recent years when it used to offer a wide assortment of products celebrating the LGBTQ+ community.
3 min read - BusinessParade
Coca-Cola Launches Limited Time Creation With an 'Electrifying' Flavor
The fruity flavor innovation is being offered for a limited time only in select markets.
1 min read - BusinessBloomberg
Celsius Shares Sink Most in Two Years on Growth Concerns
(Bloomberg) -- Celsius Holdings Inc. shares dropped by the most in more than two years after industry sales data signaled that the energy-drink maker’s revenue growth is cooling. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to the Ultra-Rich Is a Booming Business
2 min read - LifestyleMotorious
The History Of America’s Most Rebellious Muscle Car: The GTO
This car was the epitome of power and performance in the 1960s but what happened to the beloved GTO we all know and love?
2 min read - BusinessYahoo Finance
Nvidia stock leaps to latest record — thanks to Elon Musk
The increase of AI investment has continued to boost optimism over Nvidia's growth as the chipmaker continues its record-setting stock rally.
2 min read - BusinessBloomberg
Subway’s $3.35 Billion Franchise-Backed Bond Is Largest Ever
(Bloomberg) -- Sandwich chain Subway is selling $3.35 billion of asset-backed securities to help fund its buyout, marking the largest securitization of its kind on record.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to the Ultra-Rich Is a Booming Business in Austr
2 min read - BusinessBloomberg
Munis See Biggest Sales Boom Since at Least 2013
(Bloomberg) -- US states and local governments, undeterred by high interest rates, have propelled the municipal bond market to the busiest start to a year since at least 2013.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to the Ultra-Rich Is a Booming Business in A
3 min read - USMissouri Independent
Appeals court rules Torch Electronics had no grounds to sue over Missouri gambling enforcement
The courts cannot shield Missouri’s biggest vendor of games offering cash prizes from criminal prosecution for gambling violations, the Western District Court of Appeals ruled Tuesday. In a unanimous decision, the court upheld last fall’s dismissal of a lawsuit filed by Torch Electronics that sought an order barring the Missouri State Highway Patrol from seizing […] The post Appeals court rules Torch Electronics had no grounds to sue over Missouri gambling enforcement appeared first on Missouri
5 min read - BusinessBloomberg
Jefferies Demands Weiss Claw Back $30 Million in Bonus Payouts
(Bloomberg) -- Weiss Multi-Strategy Advisers should claw back about $30 million that it paid employees just before filing for bankruptcy, the hedge fund’s main creditor, Jefferies Financial Group, said in court Tuesday.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering
2 min read - BusinessMotley Fool
Semler Scientific's Bitcoin Bet Sends Stock Soaring 43%
Find out how Semler Scientific's Bitcoin strategy led to a massive stock surge.
3 min read - BusinessBloomberg
Treasuries Slump After Tepid Demand for Twin Auctions, Firm Data
(Bloomberg) -- Treasuries slumped with yields trading at session peaks on Tuesday after two US government-debt auctions attracted tepid demand ahead of important inflation data due at the end of the week. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to the Ultra-R
3 min read - BusinessWHTM
Changes coming to electric rates June 1 in Pennsylvania
HARISBURG, Pa. (WHTM) — With the summer getting closer and the temperatures starting to rise, the Pennsylvania Public Utility Commission is reminding consumers that they are going to see changes to their electric bills. The change in rates will take effect June 1 and it is because all Pennsylvania regulated electric companies are adjusting their […]
2 min read - BusinessRetail Banker International
Meethaq goes live on Temenos for retail and corporate core banking
Core platform modernisation enables Meethaq to offer Shariah compliant banking products and services with increased operational efficiency and business agility
2 min read - BusinessThe Independent
PayPal is tracking what you buy — and plans to make big bucks off it
Customers would by default have their data included in the new ad network, but they can opt out, according to a company spokesman
2 min read - BusinessAfroTech
Why Is Ethereum Going Up? Unpacking The Sudden Surge
If you’ve been following the cryptocurrency market lately, you’re likely aware of the fact that Ethereum has made a 30 percent jump in recent days, marking a two-month high value, and shocking the overall crypto market. The price of Ethereum is $3,727.51 at the time of this writing, though that figure is obviously subject to… Continue reading Why Is Ethereum Going Up? Unpacking The Sudden Surge
5 min read - LifestyleStar Tribune (Minneapolis)
Workers at chef Ann Kim's Uptown restaurant seek to unionize
About 60 workers at Kim's — prolific Minneapolis chef Ann Kim's Korean American restaurant — are seeking to unionize, citing unpredictable work schedules they say make it hard to make a living. Workers notified Kim's management Tuesday of their intent to unionize. The Uptown eatery would be the first union shop among the James Beard award-winner's family of restaurants, which include Young ...
3 min read - BusinessRetail Banker International
ABN AMRO agrees to acquire German private bank HAL
As a result, Bethmann Bank, the private banking arm in Germany for ABN AMRO, will become one of the biggest providers of private banking services in the country.
2 min read - BusinessKotaku
Big PlayStation Sale Is Full Of Discounts On PS5s, Spider-Man 2, And More
The PlayStation 5 never officially got a price drop, but Sony continues to discount the console so aggressively that it’s basically the same thing. As part of its annual Days of Play sale event, the company’s taking $50 off the regular price of PS5s. Recent exclusives like Spider-Man 2 and Rise of the Ronin are also getting big discounts.
2 min read - BusinessIowa Capital Dispatch
Corn price connection to carbon capture hard to pin down
The ethanol industry says capturing carbon emissions from ethanol plants and storing it underground is needed to help the industry keep up with the trend toward greener energy. But it’s unclear what the direct benefit to the farmers who supply corn to the ethanol plant might be. David Ripplinger is an associate professor at North […] The post Corn price connection to carbon capture hard to pin down appeared first on Iowa Capital Dispatch.
5 min read - BusinessStockStory
HubSpot (HUBS) Stock Trades Up, Here Is Why
Shares of sales and marketing software maker HubSpot (NYSE:HUBS) jumped 9.5% in the morning session after CNBC's David Faber confirmed rumors that Alphabets is in talks to acquire the company. Faber added, "There have been many reports about HubSpot being in conversations with Google...My understanding is absolutely true, all stock deal for Alphabet to acquire HubSpot."
2 min read - BusinessFreightWaves
RoadOne breaks ground on 100-acre site near Port of Charleston
RoadOne has started construction on a 100-acre distribution project near the Port of Charleston. The post RoadOne breaks ground on 100-acre site near Port of Charleston appeared first on FreightWaves.
1 min read - BusinessZacks
Amazon (AMZN) Expands AWS Clientele with FWD Collaboration (revised)
Amazon's (AMZN) AWS partners with FWD to support the latter's cloud-first strategy.
3 min read - BusinessBloomberg
Oil Recovers From Selloff Amid Escalating Middle East Tensions
(Bloomberg) -- Oil rebounded from last week’s selloff as tensions flared in the Middle East, with a vessel attacked in the Red Sea and Israeli tanks reaching the center of Rafah.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsCatering to the Ultra-Rich Is a Booming Business i
2 min read - USBelleville News-Democrat
Power is restored to thousands in Edwardsville area, but outage’s cause remains a mystery
The outage ended after crews inspected a power line and substations.
1 min read - USAkron Beacon Journal
Tyrannosaurus Flex closing in Stow; gym owner cites high rent, purchase costs
Until Tyrannosaurus Flex's last class on June 28, the gym will host drum, strength, cardio, dance, and Zumbini classes.
1 min read - WorldMotorious
Police Seize $3 Million in Stolen Classic Cars Following Tip in Ontario
Investigation into Lambton County vehicle thefts leads to major bust of stolen vehicles, including classic cars, worth over $3 million in eastern Ontario.
3 min read
