Month: August 2024
DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high
The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in a civil complaint in U.S. District Court in North Carolina. […]
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Why parents may want to start locking a child’s credit at a very young age
Most parents would take herculean steps to protect their children. But many overlook a relatively simple way to help shore up a child’s financial security: freezing the minor’s credit. This could be especially important in the wake of a major breach in which the Social Security numbers of myriad Americans might be for sale on […]
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Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’
Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of […]
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Wyoming is pushing crypto payments and trying to beat the Fed to a digital dollar
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals. Bloomberg | Getty Images As crypto investing becomes more mainstream and institutionalized with bitcoin ETFs, Wyoming is already pushing into the next phase of growth for crypto: […]
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Delta chief operations officer departing for another company after just over a year on the job
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024. Andrew Harnik | Getty Images Delta Air Lines‘ chief operating officer is leaving at the end of the month, the company said in a securities filing on Friday. CEO Ed Bastian said in an employee memo that Chief […]
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Body of final person missing from sunken superyacht found off Sicily
Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Alberto Pizzoli | Afp | Getty Images Divers on Friday found the body of the final person missing […]
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Watch live: Fed Chair Jerome Powell speaks from Jackson Hole conference
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his keynote speech Friday morning at the central bank’s annual retreat in Jackson Hole, Wyoming. Powell was widely expected to chart a path forward […]
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Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor‘s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to […]
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European markets higher ahead of Powell speech; Nestle down 1.65%
LONDON — European stocks were higher Friday as investors looked ahead to U.S. Federal Reserve Chair Jerome Powell’s speech later in the session from Jackson Hole, Wyoming. The Stoxx 600 index was up 0.26% by 1:23 p.m. London time, with all major bourses and the majority of sectors trading in the green. Utilities stocks rose 0.81%, while tech […]
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How Google makes custom chips used to train Apple AI models and its own chatbot, Gemini
Inside a sprawling lab at Google headquarters in Mountain View, California, hundreds of server racks hum across several aisles, performing tasks far less ubiquitous than running the world’s dominant search engine or executing workloads for Google Cloud’s millions of customers. Instead, they’re running tests on Google’s own microchips, called Tensor Processing Units, or TPUs. Originally […]
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