California's New Law: Turning Parking Lots into Affordable Housing 　　Introduction　　In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing. 　　The Law's Provisions　　The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...

　　Generative AI: Adobe's Finance Organization Embraces Innovation 　　Introduction　　Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...

The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.

　　Former Citibank Analyst's Unfair Dismissal Claim Rejected 　　Employee Lied About Food Expenses　　A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer. 　　Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....

03:29 PM EST, 12/06/2024 (MT Newswires) -- Tech stocks rose late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) rising 1.5%. The Philadelphia Semiconductor index added 0.6%. In corporate news, Microsoft ( MSFT )-backed (MSFT) OpenAI is in talks to get rid of a clause that prevents Microsoft (...

03:34 PM EST, 12/06/2024 (MT Newswires) -- Health care stocks fell late Friday afternoon with the NYSE Health Care Index down 0.4% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.6%. The iShares Biotechnology ETF (IBB) rose 0.8%. In corporate news, Cooper's (COO) shares slumped 4.4%, a day after the company issued fiscal 2025 guidance that trailed market...

03:26 PM EST, 12/06/2024 (MT Newswires) -- Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index down 0.2% and the Financial Select Sector SPDR Fund (XLF) easing 0.1%. The Philadelphia Housing Index shed 0.2%, and the Real Estate Select Sector SPDR Fund (XLRE) slipped 0.3%. Bitcoin (BTC-USD) jumped 4.9% to $101,804, and the yield for 10-year...

03:19 PM EST, 12/06/2024 (MT Newswires) -- Energy stocks fell late Friday afternoon, with the NYSE Energy Sector Index dropping 1.8% and the Energy Select Sector SPDR Fund (XLE) sliding 1.5%. The Philadelphia Oil Service Sector index slumped 3.5%, and the Dow Jones US Utilities index was shedding 1.2%. Front-month West Texas Intermediate crude oil declined 1.7% to $67.11 a...

SAN FRANCISCO (Reuters) - Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and more of its chips will be needed in the future to meet demand for DeepSeek's services. DeepSeek's work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully...

BOSTON/LONDON (Reuters) -U.S. technology shares dropped sharply on Monday as surging interest in Chinese startup DeepSeek's low-cost artificial intelligence model raised doubts about the sector's lofty valuations.  The tumble in global equities prompted a widespread flight to safety, with U.S. government bonds rising and safe-haven currencies - the yen and Swiss franc - surging. DeepSeek, which overtook rival ChatGPT to...

SAN FRANCISCO, Jan 27 (Reuters) - Nvidia ( NVDA ) on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and more of its chips will be needed in the future to meet demand for DeepSeek's services. DeepSeek's work illustrates how new models can be created using that technique, leveraging widely-available models...

By Aditya Soni and Zaheer Kachwala (Reuters) - Chinese startup DeepSeek's cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say it will dominate this week's much-awaited results from industry bellwethers. DeepSeek has claimed it took just two months and cost under $6 million to build an AI model...

Besides Clapton, Alicia Silverstone, Rob Schneider and Woody Harrelson (who later retracted) have publicly supported RFK Jr, who reportedly said COVID-19 may just be 'ethnically targeted.' The virus targets Caucasians and Black people while sparing Ashkenazi Jewish people and Chinese people, he said at a New York dinner.

India-Canada Tension: While BookMyShow's official statement did not explicitly state the reason behind the cancellation, it confirmed that 'singer Shubneet Singh's Still Rollin Tour for India stands cancelled.' It assured all ticket holders that their money would be refunded in 7-10 working days.

British politics is abuzz with musical chairs like excitement. PM Rishi Sunak, who had to remove his outspoken interior minister Suella Braverman for her article on a pro-Palestine march in UK, has brought ex-PM David Cameron — who had lost the top job over Brexit — back into the fresh equation.

Greece has repeatedly asked the British Museum to permanently return the 2,500-year-old sculptures that British diplomat Lord Elgin removed from the Parthenon temple in the early 19th century when he was ambassador to the Ottoman Empire.

04:46 PM EDT, 05/24/2024 (MT Newswires) -- Stericycle ( SRCL ) is exploring a sale after receiving interest from potential buyers, Bloomberg reported, citing people familiar with the matter. The medical waste disposal company is working with financial advisors to evaluate options, including attracting other medical waste management firms or infrastructure funds, the report said. No final decision has been...

Shares of video game retailer GameStop Corporation ( GME ) are soaring in after-hours trading Friday, a move that comes after weeks of volatility for meme stocks. What Happened: On Friday, GameStop ( GME ) announced it has completed its at-the-market equity offering program, which was previously announced. The company sold 45 million shares under the plan with aggregate gross...

04:43 PM EDT, 05/24/2024 (MT Newswires) -- Erik Wilde, Executive Vice President, Industrial, Americas, on May 22, 2024, sold 4,384 shares in Generac Holdings ( GNRC ) for $675,306. Following the Form 4 filing with the SEC, Wilde has control over a total of 17,897 shares of the company, with 17,897 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1474735/000143774924018347/xslF345X03/rdgdoc.xml ...

04:44 PM EDT, 05/24/2024 (MT Newswires) -- Inhibrx ( INBX ) said Friday it received shareholder approval for the sale of INBRX-101, its augmentation therapy candidate to treat patients with emphysema, a lung disease, to Sanofi ( SNY ) as part of a merger deal. The sale covers all assets and liabilities primarily related to INBRX-101, which is currently in...

For the third week in a row, digital asset investment products have seen investors pull out funds. This past week alone marked a historic $2.9 billion in outflows which pushed the cumulative figure to $3.8 billion over three weeks. CoinShares stated that this reversal is likely influenced by the recent security incident at Bybit, hawkish signals from the Federal Reserve,...

Boring days in the world of crypto have become such a rarity lately. Most leading digital assets have experienced huge volatility in the past several days, with Bitcoin (BTC) being an evident example.  Its price briefly stabilized at around $86,000 over the weekend before heading south at the start of the business week again. As CryptoPotato reported, it tumbled to...

Bitcoin has been struggling near $82,000 after fresh daily decline of over 4%. While retail investors continue to panic amid recent market turbulence, big players are positioning themselves strategically, potentially signaling whats next for crypto. In fact, Santiment revealed that Bitcoins whale and shark wallets have undergone several pivotal shifts over the past six months which indicates a major influence...

Michael Saylor-led business intelligence firm, Strategy announced today that it has entered into a sales agreement to offer up to $21 billion of 8% Series A Perpetual Strike Preferred Stock, according to a filing with the US Securities and Exchange Commission (SEC). The shares, which carry a $0.001 par value, are convertible into Strategys class A common stock and will...