Washington Financial News

02.08 / 19:35

Citi Career CEO Southern Executive Reserve Banking executive Jeffrey Schmid named president of Kansas City Federal Reserve Bank

Jeffrey Schmid, a former banking executive, has been appointed the next president of the Federal Reserve Bank of Kansas City, beginning Aug. 21

02.08 / 19:35

Citi BLOCK Waters Entertainment stage folk The US is concerned with blacklisted Chinese firm's hand in island-building near its Manila embassy

The United States has expressed concerns over major land reclamation projects in Manila Bay, where its heavily secured embassy sits on one edge

02.08 / 13:57

Reuters Digital ADP show US private payrolls beat expectations in July, ADP says

WASHINGTON (Reuters) — U.S. private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.

02.08 / 11:57

UPS Starbucks Qualcomm Fitch AMD Fitch downgrades U.S. credit rating, AMD's AI chip plans - what's moving markets

Investing.com -- U.S. stock futures fall after Fitch lowers its U.S. credit rating, flagging worries over Washington's ability to resolve pressing fiscal issues in the wake of a tense debt-limit standoff earlier this year. Elsewhere, semiconductor firm Advanced Micro Devices predicts that the planned launch of its new artificial intelligence chips will drive earnings higher this year, while Starbucks sees demand for its coffee and food offerings slow in North America.

02.08 / 11:15

UPS Target Citizens VISA country Canada is raiding the US for tech worker immigrants. Can you really blame them?

immigration system, millions of workers face insurmountable hurdles to gaining permanent residence. It was always a risk that other governments would take the opportunity to lure skilled workers away from the US. Now it’s happening, thanks to a somewhat unlikely rival: Canada.

02.08 / 10:49

UPS Manufacturing Strategy Parke HON Foxconn to invest $600 million in Karnataka for iPhone component and semiconductor facilities

Hon Hai Technology Group (Foxconn) has signed up with the Karnataka government, offering to invest about $600 million, or nearly Rs 5,000 crore, in two iPhone component manufacturing projects, expected to create nearly 13,000 jobs. A Foxconn team led by chairman Young Liu formally signed a letter of intent (LoI) with the government after Industries Minister MB Patil, IT/BT Minister Priyank Kharge, Additional Chief Secretary (IT/BT) EV Ramana Reddy and Industries Commissioner Gunjan Krishna held talks with the team in Chennai on Monday. ET reported on Tuesday that Foxconn may invest up to $500 million for a new unit near Bengaluru airport to make smartphone accessories.

02.08 / 09:47

Booking show Backed Soul Patts, Waislitz-backed medtech ponders capital raise

An Australian medtech start-up with plans to launch its surgical products in the United States has come across fund managers’ radars.

02.08 / 08:17

COST UPS BLOCK Fighting PwC Deloitte expansion audit Audit firms fight to block expansion of fraud detection role

New York | The world’s largest accounting firms are fighting to block new rules in the US that would force them to take more responsibility for rooting out fraud at the companies they audit.

02.08 / 05:07

Provident Manufacturing Entertainment Tesla BMW country India might welcome Tesla's Chinese vendors: Report

reliance on imports from China for critical components like battery cells used in electric vehicles. Previously, Mint reported that A delegation of high-ranking Tesla executives, including key members from the public policy, supply chain, and business development teams, is currently in India to actively interact with various government stakeholders and gain valuable insights into the local market.

02.08 / 01:07

Cooper country Support Bahamas to join Kenya in security force in Haiti as support grows

United Nations Security Council," the ministry said in a statement. The Bahamas' statement echoed comments from Kenyan Foreign Minister Alfred Mutua, who described the security intervention as an opportunity to stand "with persons of African descent across the world." It added the Bahamas looks "forward to cooperating with hemispheric partners including the United States and Canada." US Secretary of State Antony Blinken on Tuesday commended Kenya for "considering to serve as the lead nation" for the multinational force and expressed support for its authorization from a UN Security Council Resolution.

01.08 / 23:04

COST UPS Provident Target show fall Job openings fall to lowest level in 2 years as demand for workers cools

U.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit

01.08 / 23:04

COST Provident BLOCK Amazon PINK Amazon adds video telemedicine visits nationwide to its virtual clinic

Amazon is adding video telemedicine visits in all 50 states to a virtual clinic it launched last fall, as the retail giant takes a deeper step into care delivery

01.08 / 23:04

UPS Google CEO composer Chatbots sometimes make things up. Is AI’s hallucination problem fixable?

Spend enough time with ChatGPT and other artificial intelligence chatbots and it doesn’t take long for them to spout falsehoods

01.08 / 23:03

Fitch Fitch downgrades its credit rating on the US citing growing debt and ‘deterioration in standards of governance’

Fitch downgrades its credit rating on the US citing growing debt and ‘deterioration in standards of governance’

01.08 / 23:03

COST UPS Lowe's Fitch Fitch downgrades US credit rating, citing mounting debt and political divisions

Fitch Ratings has downgraded the U.S. credit rating, citing an expected increase in government debt over the next three years and a “steady deterioration in standards of governance” over the past two decades

01.08 / 23:03

COST Twitter Extreme Platform show social elon X marks the lawsuit: Elon Musk's social media company sues nonprofit highlighting site's hate speech

A nonprofit organization that researches links between social media, hate and extremism has been sued by X, the social media platform formerly known as Twitter

01.08 / 20:07

UPS Progressive Gap love GILD Proposed wealth tax ‘sounds lovely’ but ‘doesn’t make any sense’

Progressive lawmakers want to implement a wealth tax to reduce economic inequality, but financial advisors doubt that levying taxes based on assets would work.

01.08 / 18:41

UPS Citi Coca-Cola Anthem singer Shygirl and Tinashe announce co-headlining tour across North America; Check key dates, ticket details and more

Shygirl and Tinashe are teaming up for an exciting co-headlining tour across North America in October and November this year. The tour kicks off in Chicago and concludes in Oakland, with stops in cities like Toronto, New York, and Atlanta. Tinashe's upcoming album, BB/ANG3L, is expected to release later this year, while Shygirl recently dropped her Nymph in the Wild EP, following her last year's full-length album Nymph. Earlier this year, she released a deluxe version of Nymph featuring Tinashe on an updated version of «Heaven» and a Björk remix of "Woe."

01.08 / 17:53

UPS Action SpaceX stage country Caught Between China and Russia, Mongolia Seeks Closer U.S. Ties

BEIJING—Sparsely populated and sandwiched between two authoritarian powers, Mongolia is positioning itself as a resource-rich, democratic partner for the U.S. in Asia amid growing competition between Washington and Beijing over the minerals needed to pursue cleaner energy. That push will be at the heart of a visit by Mongolia’s prime minister to Washington this week, as his country attempts to draw itself closer to the West in a bid to diversify its economy without angering its powerful neighbors Russia and China.

01.08 / 14:03

COST UPS FIVE Manufacturing Action cover Customers LensCrafters to pay eyeglass customers $39 million over Accufit claims

By Jonathan Stempel

01.08 / 13:42

UPS Google CEO composer Deal Get ready to deal with AI's hallucination problem as chatbots become part of your daily lives

ChatGPT and other artificial intelligence (AI) chatbots and it doesn't take long for them to spout falsehoods. Described as hallucination, confabulation or just plain making things up, it's now a problem for every business, organisation and high school student trying to get a generative AI system to compose documents and get work done. Some are using it on tasks with the potential for high-stakes consequences, from psychotherapy to researching and writing legal briefs.

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