Forward-looking: Neuralink’s recent update on its second study participant, identified as Alex, provides more promising results for potential recipients who have lost the ability to interact with the world around them. According to the update, Alex was able to interact with an on-screen cursor within minutes of his first connection, and within hours, he surpassed […]
Google Chrome isn’t having the best year in 2024. The web browser has been hit with a bunch of vulnerabilities, though Google quickly patched them up. In the latest twist, Microsoft found another vulnerability in Chrome, which Google admitted is being exploited by hackers. The search giant rolled out an update to fix it just […]
In the latest development of the case, Deutsche Bank stated that it had settled majority of the claims with plaintiffs, agreeing to pay former shareholders €31 on top of €25 paid to them originally per share. However, there still are some shareholders holding out. Last week, a lawyer on the case, Jan Mayer, called Deutsche […]
Federal Reserve Chair Jerome Powell sent a straightforward message to markets in a key speech on Friday, saying “the time has come” for the central bank to begin lowering interest rates. Speaking at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyo., Powell said: “The time has come for policy to adjust.” “The […]
As the real estate industry continues to embrace digital transformation, proptech innovations are playing a crucial role in helping property owners maximise profits and control expenses. From advanced data analytics to smart building technologies, these innovations offer powerful tools for enhancing operational efficiency and driving revenue growth. We asked industry experts to share their insights […]
Philadelphia Fed president Patrick Harker said he expects the central bank to start with a 25 basis point cut as it begins to ease monetary policy and he would be open to a larger cut if the labor market deteriorates suddenly. “Starting at 25 makes a lot of sense to me,” Harker told Yahoo Finance […]
The rise of digital platforms has significantly altered the landscape of property investment, offering tools and insights that were once unimaginable. As technology continues to advance, these platforms are becoming indispensable for investors seeking to streamline their research, make informed decisions, and execute purchases with greater efficiency. To explore this transformation, we asked industry experts […]
Dutch banking group ABN Amro has gone live with technology from cloud banking tech provider nCino and Norwegian software vendor Commercial Banking Applications AS (CBA) to accelerate its digital transformation and strengthen its trade finance transaction monitoring. ABN Amro has gone live on the nCino cloud banking platform to streamline its corporate lending operations and […]
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday. Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric commercial van […]
The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of its merger agreement with Skydance as it reviews a competing offer from Edgar Bronfman Jr. Bronfman initially offered $4.3 billion late Monday for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, according […]
US payments giant Mastercard has confirmed it plans to cut around 3% of its full-time global workforce – around 1,000 employees – as a result of recently announced “organisational changes”. In April, the company revealed its plans to realign its organisational structure into three interdependent units: Core Payments, Commercial and New Payment Flows, and Services. […]
It’s worth repeating: What recession? On Monday, Goldman Sachs chief economist Jan Hatzius slashed his expectation for a US recession over the next 12 months to 20% from 25%. It was just 17 days ago when Hatzius lifted his recession probability to 25% from 15% following a surprisingly weak July jobs report. The move by […]
