State California Financial News
09.08 / 08:53
business
Blockchain
regulation
Investments
Venture Capital
cryptocurrency investment
FTX
Temasek, Sequoia Capital, Softbank, leading VCs face lawsuit for “abetting” FTX fraud
Eighteen leading venture capital (VC) investment firms, including Temasek, Sequoia Capital, Sino Global and Softbank, have been named as defendants in a class-action lawsuit filed in the United States District Court for the Northern District of California for their links to the now-bankrupt crypto exchange FTX.
09.08 / 05:59
business
Law
regulation
Altcoin
Fraud
FTX
FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’
FTX’s former primary counsel Fenwick & West LLP has been hit with a class action suit claiming it aided the crypto exchange’s alleged multi-billion dollar fraud.
09.08 / 01:33
COST
UPS
Citizens
Drop
moody’s
US bank shares drop as Moody’s cuts ratings, warns on risks
US bank stocks declined after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including US Bancorp, Bank of New York Mellon Corp, State Street Corp and Truist Financial Corp.
08.08 / 22:39
Machine Learning
ChatGPT
ChatGPT and Claude are ‘becoming capable of tackling real-world missions,’ say scientists
Nearly two dozen researchers from Tsinghua University, Ohio State University and the University of California at Berkeley collaborated to create a method for measuring the capabilities of large language models (LLMs) as real-world agents.
08.08 / 21:47
NIC
Software
Adventure
Lawson
film
The Bachelorette Season 20: See who is winner, eliminations and filming locations
Starting on June 26, 2023, and concluding on August 21, 2023, Season 20 featured Charity Lawson, a 27-year-old family therapist, as the leading figure. She came fourth in the 27th edition of The Bachelorette alongside Zach Shallcross. Here is the elimination chart according to the Reality Steve podcast:Week #1:Chris Spell Joe Menzia Khalid Hassan Nic Barber Peter Cappio Taylor PeggWeek #2:Caleb Arthur John Henry Spurlock Josh Young Kaleb Kim Spencer StorbeckWeek #3:Warwick Reid Aaron Schwartzman Adrian Hassan James PierceWeek #4:Brayden Bowers Caleb Balgaard John Buresh Michael BarbourWeek #5:Sean McLaughlin Tanner Courtad Final Four and Winner of The Bachelorette Season
08.08 / 19:13
COST
McDonald's
Manufacturing
CEO
Beyond Meat revenue plummets in the second quarter due to flagging US demand
Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its plant-based meat substitute fell despite price cuts
08.08 / 18:29
UPS
Amazon
CEO
Platform
Time
Zoom, which thrived on the remote work revolution, wants workers back in the office part-time
remote work is joining the growing return-to-office trend.Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the company has decided that «a structured hybrid approach — meaning employees that live near an office need to be onsite two days a week to interact with their teams — is most effective for Zoom.» The new policy, which will be rolled out in August and September, was first reported by the New York Times, which said Zoom CEO Eric Yuan fielded questions from employees unhappy with the new policy during a Zoom meeting last week. Zoom, based in San Jose, California, saw explosive growth during the first year of the COVID-19 pandemic as companies scrambled to shift to remote work, and even families and friends turned to the platform for virtual gatherings.
08.08 / 13:19
COST
UPS
Citi
MET
country
An exodus from Canada’s priciest provinces is driving many to plant ‘New Roots’
“Alberta is calling,” read the ads plastered across Toronto’s transit system.“Find things you’d never expect,” they coax, “like an affordable house.”The advertisements, a blunt recruitment initiative from the Alberta government launched last fall, tout ample job opportunities alongside comparisons of housing prices between Toronto and Calgary.For the family of Suzi Hansen and Tyler Brown, Alberta’s advertising campaign seems to have worked.After years of being unable to break into the housing market while renting a townhome in Oakville, Ont., Hansen says she floated the idea of moving to Alberta to her husband. She says Brown was initially hesitant, but the siren song of an “Alberta is calling” radio ad playing on the drive into work as an industrial mechanic pushed him to think twice about the idea.“Their ad campaign really, really sold it for him,” Hansen recalled in an interview with Global News as she packed up their Oakville home.The family, with three kids aged 15, 12 and two, was preparing for a cross-country U-Haul trek to a small Alberta hamlet a couple hours west of Edmonton where they were immediately able to buy a detached house.The decision was familiar territory for Hansen, who originally came to Canada from Los Angeles because of unaffordable housing prices in California.
08.08 / 12:01
COST
UPS
Citizens
Pinnacle
Fulton
Costs
moody’s
Moody’s cuts U.S. banks on mounting funding costs, office exposure
Moody’s Investors Service lowered credit ratings for 10 small and mid-size United States banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry.
08.08 / 11:27
08.08 / 06:37
COST
McDonald's
Manufacturing
CEO
Beyond Meat revenue plummets in the second quarter due to flagging US demand
Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its plant-based meat substitute fell despite price cuts
08.08 / 02:29
Provident
Digital
Aviat
Fox
show
performer
social
Helicopter
Dominion Energy helicopter crashes in Virginia, injuring pilot and passenger
Check out what's clicking on FoxBusiness.com
08.08 / 02:29
08.08 / 02:29
Citi
Progressive
Fox
Strategy
Actor
Warner Bros
star
bass
Los Angeles workers set to go on 24-hour strike starting Tuesday
Comic-Con chief communications and strategy officer David Glanzer previews SDCC, noting what impact the SAG actors' and writers’ strikes are having on the event.
08.08 / 02:29
UPS
Lowe's
Fox
CEO
show
Affordability
Time
Low
US housing affordability at an all-time low
Redfin CEO Glenn Kelman says its hard to fault the Fed for overdoing rate hikes when there are other persistent sources of inflation.
07.08 / 23:21
Entertainment
Yellow
Corona
show
Harry Styles’ ‘Love On Tour’ earns USD 600 million. Details here
Harry Styles’ ‘Love On Tour’ ultimately came to an end, but not before emerging as one of the highest-grossing tours of all time. The tour kicked off in September 2021, at a time when the corona pandemic was still lurking in the corner. After touring four continents and entertaining music lovers at 169 shows worldwide, the tour has made its place in the history of music.
07.08 / 19:35
UPS
Art
Waters
Aware
Racing
show
peace
Breathing peace into the canvas
Trishla Jain spoke to Indrajit Hazra about her upcoming exhibition, and how as an artist meditator her vision and craft is to capture — and free — the sense of peace in her work. A drawing is simply a line going for a walk; a line is a dot that went for a walk. — Paul Klee Breathe in.
06.08 / 06:35
Celebrity
social
Royal Family ignores Meghan Markle on birthday, no wish for Prince Harry’s wife
Meghan Markle's 42nd birthday celebrations took an unexpected turn as the Royal Family seemed to have snubbed her by not sending any public birthday wishes on social media. The Duchess of Sussex, who now resides in California with Prince Harry and their two children, Archie and Lilibet, had been accustomed to receiving birthday messages on social media from the Royal Family in the past. Usually, on a family member's birthday, the official Royal Family social media accounts post a heartfelt message along with a photograph at precisely 9 am.
05.08 / 17:39
05.08 / 02:53
UPS
DISH
NASA restores contact with Voyager 2 spacecraft after mistake led to weeks of silence
NASA's Voyager 2 spacecraft was back chatting it up Friday after flight controllers corrected a mistake that had led to weeks of silence. Hurtling ever deeper into interstellar space billions of miles away, Voyager 2 stopped communicating two weeks ago. Controllers sent the wrong command to the 46-year-old spacecraft and tilted its antenna away from Earth.
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