City Boston Financial News

11.09 / 22:05

Citi MET Extreme country social DraftKings apologizes for sports betting offer referencing 9/11 terror attacks

Sports betting company DraftKings has apologized after using the Sept. 11, 2001, terror attacks to entice people to bet on baseball and football games

11.09 / 21:41

regulation Senate Senators How senators plan on regulating AI: Law Decoded, Sept. 4–11

Last week, two United States senators unveiled a bipartisan blueprint for artificial intelligence (AI) legislation. The framework put forward by Senators Richard Blumenthal and Josh Hawley advocates for mandatory licensing for AI firms and makes it clear that technology liability protections will not shield these companies from legal action.

11.09 / 17:25

UPS IPO Waves Target CEO Platform valuation Marketing firm Klaviyo eyes up to $8.4 billion valuation in US IPO

By Sri Hari N S and Manya Saini

11.09 / 06:33

UPS performer pop Another EY partner pops up at Alvarez & Marsal

Alvarez & Marsal is making its mark in the professional services industry, pilfering another partner from one of the big four firms.

11.09 / 00:03

UPS BLOCK Airlines Hudson performer Qantas tasks BCG with repair job as Hudson recruits new execs

Qantas chief executive Vanessa Hudson has tasked Boston Consulting Group with assisting the transition from her predecessor and to help the airline repair its fractious relationship with customers after Alan Joyce’s abrupt departure last week.

09.09 / 02:53

Citi Platform Remark show stage Net Worth Meet Princess Padmaja Kumari Parmar from the house of Mewar; Know how she founded ‘Friends of Mewar’, about her journey, net worth, and more

In the heart of Rajasthan’s regal city of Udaipur, where history whispers through every palace and alley, Padmaja Kumari Parmar is making her own mark. As the daughter of the House of Mewar, one of the world’s oldest reigning dynasties, her life story is as enchanting as the palaces that dot the cityscape. Beyond her royal lineage, Padmaja is a woman of substance, dedicating her life to philanthropy, hospitality, and health causes that span continents.

09.09 / 02:27

Indian Indian fintechs see major improvement in profit outlook

fintechs has improved substantially amid expectations that the revenue would rise to $190 billion by 2030 from $17 billion in 2022, forecast Boston Consulting Group. Funding for Indian fintechs is recovering faster than the rest of the world with a 30% increase in the first half than last year's second half, but it still remains lesser than the corresponding half last year, it said. «Indian fintechs continue to command the 3rd largest share of the global funding and deal volume.

08.09 / 14:23

Blockchain Adoption Gaming Middle east Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.

07.09 / 15:09

Inside information Russian businessman convicted in insider trading scheme that used hacked company information gets 9 years in US prison

Russian businessman convicted in insider trading scheme that used hacked company information gets 9 years in US prison

07.09 / 15:09

Provident Microsoft Tesla Discover Inside Wealthy Russian with Kremlin ties gets 9 years in prison for hacking and insider trading scheme

A federal judge in Boston has sentenced a wealthy Russian businessman with ties to the Kremlin to nine years in prison for his role in a nearly $100 million insider trading scheme that relied on stolen company earnings information hacked through U.S. c...

07.09 / 13:53

UPS Lowe's Progressive Strategy Gold gains as bond yields tick lower, traders await more US data

interest rates. Spot gold was up 0.3% at $1,922.70 per ounce by 1213 GMT, after hitting a one-week low on Wednesday. U.S. gold futures were up 0.1% at $1,946.80. «Quite clearly we've seen a reversal in U.S.

07.09 / 12:05

Booking NASDAQ Manufacturing Apple show stage Stocks decline, bond rates rise amid Fed rates expectation

Stocks declined, while Treasury yields climbed after a stronger-than-estimated reading on the US services industry bolstered speculation the Federal Reserve will keep interest rates higher for longer.

07.09 / 12:03

Provident Digital Manufacturing Google Tesla Nissan Carmakers are failing the privacy test. Owners have little or no control over data collected

Most major car brands admit they may be selling your personal data — though they are vague on the buyers, and half say they would share it with the government or law enforcement without a court order

07.09 / 03:13

COST UPS Lowe's FIVE show Low week Gold hovers near 1-week low as dollar firms after US data

Gold lingered near a one-week low on Thursday following five consecutive sessions of declines, while the dollar sat atop mid-March highs after data showed the U.S. services sector unexpectedly gained steam in August.FUNDAMENTALS * Spot gold was up 0.1% to $1,917.99 per ounce by 0120 GMT, its lowest level since Aug.

06.09 / 21:09

UPS Progressive NASDAQ DOW Apple services fall Stocks fall, dollar and yields up after US services data

By Caroline Valetkevitch

06.09 / 13:23

Align Remark CME rate hikes Fed's Collins says policymakers can 'proceed cautiously' on future rate hikes

Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more evidence to convince her that inflation has been tamed.

06.09 / 11:23

COST UPS Action Gap blues Climate goals need $18T investment, but red tape is in the way

Grid constraints, the still high cost of green technology and planning delays are holding up $18 trillion worth of investments needed to reach global 2030 climate goals, making any rapid energy transition increasingly unlikely.

05.09 / 13:57

Extreme film 14-year-old boy dies after eating spicy Paqui chip under ‘One Chip Challenge’ in US: Report

NBCBoston.com. Harris Wolobah, the teenager died on Friday, hours after he took part in the “One Chip Challenge". According to the Challenge, participants had to munch on supposedly one of the spiciest tortilla chips in the world and film themselves having it to document how long they can go on eating it without drinking or eating anything for relief.

05.09 / 13:49

UPS Fox Matthews blues NHL Who is the highest-paid NHL player, when will salary cap go up? Know players with highest salary

NHL player for now. He has left behind Edmonton Oilers center Connor McDavid, who signed a $12.5 contract. Nathan MacKinnon has signed an eight-year contract with the Colorado Avalanche. Meanwhile, a Toronto Maple Leafs player signed a $53 million deal to extend his earlier contract for another four years. When this deal comes into effect in 2022, his average league-high will be $13.25 million.

02.09 / 06:35

UPS Strategy show track US-based tech company Pegasystems to lay off 240 employees: Report

The Economic Times. In an official statement, the company revealed its plan to cut around 4% of its workforce. It said that Pega expects some of the job cuts in the state of Massachusetts, ET reported, citing Boston Business Journal. "These will be go-to-market roles in order to simplify our client engagement approach and better support our business strategy.

01.09 / 20:03

UPS Provident CME BAY show Dollar gains after mixed jobs report

By Karen Brettell