State California Financial News
15.07 / 06:19
COST
Provident
Lowe's
Booking
Yellow
Gold riding on US disinflationary trends; US retail sales and housing data in focus
Gold prices mostly edged higher during the week, as the dollar doom started with last week’s NFP data. Friday’s labour data showed signs of slowdown in the jobs market, with non-farm payrolls falling to a two and half year low of 209K job additions. Meanwhile, US inflation print released during the week prompted further pain for the greenback.
15.07 / 05:57
UPS
coinbase
Customers
Coinbase limiting staking service for retail customers in four states
retail customers in California, New Jersey, South Carolina and Wisconsin will be unable to pledge new cryptocurrency to the exchange's staking program pending proceedings the states initiated last month challenging the service, Coinbase said Friday in a blog post. Any cryptocurrencies that users in those states had staked before the orders were issued June 6 are unaffected, Coinbase said.
15.07 / 04:27
FIVE
Hudson
Coral reefs in peril: Research reveals fishing gear plastics inflict severe damage to underwater ecosystem
Fishing gear plastic formed nearly three-quarters of the plastic debris documented through underwater visual surveys of coral reefs across the Indian, Pacific, and Atlantic oceans, new research published in the journal Nature said. Revealing the extent of plastic pollution on coral reefs, an international team of researchers from the California Academy of Sciences (US), University of Sao Paulo (Brazil), University of Oxford (UK), and other collaborators found that debris increased with depth and is correlated with proximity to marine protected areas. The team conducted more than 1,200 visual surveys across 84 shallow and mesophotic reef ecosystems located in 14 countries. Mesophotic, or 'twilight zone', coral reefs exist between 30 and 150 metres deep. Of the total debris, 88 per cent was macroplastics larger than about five centimetres. Human-derived debris was found in nearly all locations studied, including some of the planet's most remote and pristine coral reefs, such as those adjacent to uninhabited islands in the central Pacific. The lowest density of plastic pollution was seen in the Marshall Islands, a coral island group in eastern Micronesia (Oceania), while the highest was recorded at Comoros, an island chain off the southeast coast of Africa, at nearly 84,500 items per square kilometre.
15.07 / 03:29
Microsoft
Platform
Fighting
Sony
Nintendo
Xbox
Deal
Activision
US appeals court refuses FTC request to pause Microsoft deal for Activision
Activision Blizzard. The decision removes one of the few remaining hurdles stopping Xbox maker Microsoft from closing the deal and expanding its gaming business. The FTC had also asked Judge Jacqueline Scott Corley of the U.S.
14.07 / 22:11
Law
regulation
coinbase
services
Coinbase pauses staking services in four US states following regulators' orders
United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.
14.07 / 19:51
Waves
Extreme
Parke
Weekend
Death Valley weather alert: Temperature to cross 54 degrees Celsius this weekend
Death Valley National Park continues to attract visitors despite the ongoing heat wave in the United States. Although most visitors during this time of year only venture a short distance into the park, known as the lowest, hottest, and driest place on Earth, before retreating to the comfort of air-conditioned vehicles, according to reports. Even with temperatures expected to surpass 54.4 degrees Celsius this weekend, there are still individuals willing to brave the extreme heat in pursuit of the park's unique experiences. Hiking trail signs caution against venturing out after 10 am, as nighttime temperatures are predicted to remain above 32.2 degrees Celsius. The hottest temperature ever recorded in Death Valley was 56.6 degrees Celsius in July 1913, according to the park service. Other parks also have established warnings for hikers. Every year, over 1.1 million people visit the Death Valley National Park. The desert park is located across a portion of the California-Nevada border to the west of Las Vegas. Death Valley National Park, which spans over 13,848 square kilometers, is the largest national park in the lower 48 states excluding Alaska and Hawaii. Approximately one-fifth of the park's visitors arrive during June, July, and August. Many are enticed to explore the park, even beyond the recommended cutoff times. Engaging in physical activities under such extreme heat can make the conditions even more unbearable, leaving people feeling exhausted. Even after sunset, the sunbaked rocks, sand, and soil continue to radiate heat.
14.07 / 13:49
UPS
JPMorgan
Chase
reports
JPMorgan Chase reports rise in second quarter profit amid elevated interest income
Investing.com — JPMorgan Chase & Co. (NYSE:JPM) has posted a jump in net income and higher-than-expected adjusted revenue for the second quarter, as the biggest U.S. bank was boosted by elevated interest rates and its acquisition of First Republic.
14.07 / 13:21
Blockchain
Decentralization
network
Decentralized Wireless Network Operator World Mobile Gains Licensed Spectrum for US Coverage
Decentralized wireless network operator World Mobile has secured licensed spectrum in four US states.
14.07 / 12:15
MET
Digital
Cooper
CEO
BABA
Indian
Indian Ambassador Taranjit Singh Sandhu meets tech sector CEOs in Silicon Valley
Narendra Modi, India's Ambassador to the US, Taranjit Singh Sandhu has met leaders from the area of critical and emerging technologies in Silicon Valley as part of iCET initiative. The Initiative on Critical and Emerging Technologies or iCET has emerged as a key pillar of the India-US relationship following the maiden state visit of Prime Minister Modi to the US from June 21 to 23. The initiative was launched early this year by the two national security advisors — Jake Sullivan from the US and Ajit Doval from India — but it has been propelled to a new height by Prime Minister Modi and President Joe Biden.
13.07 / 19:45
Booking
Avid
Beach Boys' first-ever official anthology book is here. Check details
Beach Boys made an exciting announcement about their first-ever official anthology book on Thursday. Titled «The Beach Boys by The Beach Boys,» this comprehensive 400-page book spans 60,000 words and chronicles the journey of the summer-loving band.
13.07 / 18:51
COST
SEC
CEO
Broker
Closing broker-dealer’s financials ‘were horrible’
A small broker-dealer based in Scottsdale, Arizona, that sold bonds issued by the bankrupt GWG Holdings Inc. is closing down.
13.07 / 17:03
FIVE
Software
BAY
CAT
Cummins
Wine
For These Influential Families, Life is Like ‘Succession’—But With More Wine
IN ITALY, THEY have a saying about family-run companies, shared by an Italian winemaker I know: “The first generation builds it, the second maintains it and the third destroys it." I’m happy to report that under the stewardship of this winemaker and his sister—the second generation to run their winery—his family business is flourishing. How do some families fit the personal with the professional to create successful intergenerational businesses, while others do not? I talked with three prominent California wine families who seem to have figured it out. Ramey Wine Cellars, Healdsburg It was never a given that David Ramey’s children, Claire and Alan, would take over the family winery.
13.07 / 15:09
13.07 / 15:01
UPS
Twitter
FIVE
committee
end
Twitter seeks end to US oversight of data use as FTC's Lina Khan goes before House committee
Federal Trade Commission that limits its data security practices. The FTC has been watching the company for years since Twitter agreed to a 2011 consent order alleging serious data security lapses. But the agency's concerns spiked with the tumult that followed Elon Musk's Oct 27 takeover of the company.
13.07 / 14:37
COST
UPS
Citi
Provident
Waves
Heat Waves Now Last Longer, Spurring an Air-Conditioning Boom
The hum of air conditioners is getting louder and more expensive in parts of the U.S. where people used to open a few windows to stay cool in summer. In the Pacific Northwest, residents are cranking up the air conditioning sooner than ever before and paying more to do it, according to data from the National Energy Assistance Directors Association.
13.07 / 08:01
Provident
NASA gets 3 electric vans to shuttle Artemis crew to launchpad
NASA has received three fully electric and environment friendly crew transportation vans that will take Artemis crews on the final Earth-bound leg of their journey to the Moon before boarding their rocket and spacecraft. The zero-emission vehicles, developed by California-based Canoo Technologies as part of a contract awarded by NASA in April 2022, were delivered to the space agency's Kennedy Space Center in Florida on Tuesday, it said in a statement. The vehicles can carry four astronauts in their Orion crew survival system spacesuits, support personnel including a spacesuit technician, and provides room for specialised equipment for the drive to Launch Pad 39B ahead of Artemis missions to the Moon. The vehicles were designed, from the interior and exterior markings to the colour of the vehicles to the wheel wells, by a creative team that included the Artemis launch director and representatives from NASA's Astronaut Office based at Johnson Space Center in Houston. They also provided insight from the conceptual phase throughout production. «The collaboration between Canoo and our NASA representatives focused on the crews' safety and comfort on the way to the pad ahead of their journey to the Moon,» said Charlie Blackwell-Thompson, NASA's Artemis launch director, in the statement.
12.07 / 16:13
UPS
Citi
Waters
Extreme
SUN
Mercury
Threat
Needed: Alert systems for the growing threat of humid heat
The June that just ended was the Earth’s hottest recorded—ever. And the first week of July saw the trend continue. Surging summer temperatures made me wonder: Just how much heat can the human body stand? Deaths from heat are common, and as the world heats up, may become more so if we don’t develop a plan for extreme heat days, like the kind of warning system that comes before a major storm.
12.07 / 15:59
Provident
Target
Platform
Racing
Software
NVIDIA
Covenant
3 Stocks With Potential to Dethrone Nvidia in the AI Race
Cathie Wood founded ARK Investment Management back in 2014. She chose the name «ARK» because it stands for Active Research Knowledge and also alludes to the Ark of the Covenant, as she is a devout Christian.
12.07 / 13:03
Provident
CEO
Southern
Prison
Elizabeth Holmes on track for early release from her 11-year prison sentence for Theranos scam
Disgraced Theranos CEO Elizabeth Holmes apparently has been behaving well enough so far during her more than 11-year prison sentence for duping investors in her blood-testing hoax to be eligible for release nearly two years ahead of schedule, according...
12.07 / 13:03
Amazon
Action
Fighting
Amazon union is sued by organizers and former leaders seeking a new election for union officers
The union that successfully organized an Amazon warehouse in New York is being sued by a splinter group that includes some former leaders
12.07 / 09:11
MET
EVA
PINK
Ryan Gosling declares love for Eva Mendes with 'E' pendant at 'Barbie' premiere in Los Angeles
Ryan Gosling is professing his love for actress-partner Eva Mendes on the pink carpet for the world premiere of 'Barbie' in Los Angeles, California during the weekend. To honour his other half, the actor expressed his gratitude through his attire in a subtle way. Gosling opted for a pastel pink suit by Gucci to pay homage to the candy-coated movie, but his choice of jewellery was dedicated to Mendes.
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