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UAW and Daimler Truck reach last-minute deal to hike pay by more than 25%, avoiding potential strike of over 7,000 workers
UAW President Shawn Fain said the new contract includes wage increases of more than 25% over the next four years, including a 10% raise after the deal is ratified. more
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Nigeria’s central bank denies directive to freeze digital asset bank accounts
After news outlets reported on the directive supposedly issued to multiple banks, the Central Bank of Nigeria denied it amid a nationwide digital currency crackdown. [...] Read More... The post … more
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SAP’s AI advancement aims to streamline supply chain, manufacturing processes
SAP disclosed that its artificial intelligence solution will be focused on streamlining the supply chain process that are designed to fit seamlessly with customers’ AI strategies. [...] Read … more
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Global generative AI health market poised to reach $29B by 2033: report
Artificial intelligence in healthcare could soar to reach over of $29.8 billion by 2033, compared to its present value of $1.5 billion, according to a report by Spherical Insights & Consulting. … more
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Emmanuel Macron has new favorite bakery as best baguette in Paris is crowned
Xavier Netry of Boulangerie Utopie will deliver baguettes to Macron and his staff after beating 172 competitors to make the best baguette in Paris. more
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Activist hedge fund Elliott bets $1 billion on British platinum producer
The activist hedge fund led by Paul Singer has exposure to almost 33.6 million Anglo American shares via derivatives, per a filing. more
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Pottery Barn parent Williams-Sonoma fined for marketing its furniture as 'crafted' in the U.S. when it was actually made in China
In addition to paying a penalty, the company will be required to submit annual compliance reports, the FTC said. more
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Philadelphia-based Republic Bank implodes in first failure of the year
Republic First Bank had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. more
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Billionaire Miami Dolphins owner wants South Florida to be more like Manhattan—'I still love a challenge'
“I want to make West Palm a model city for the country," said Related Cos. founder, Stephen Ross. more
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An emergency slide ripped off a Boeing-made jet during a Delta flight from New York to Los Angeles
Delta said the plane was removed from service for evaluation and it was cooperating with investigators. more
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Jamie Dimon says to get a job at JPMorgan, what you study in college ‘almost doesn’t matter’
The bank CEO says the company looks for candidates who are “smart, ethical, decent people.” more
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Southwest’s earnings are so bad it’s leaving 4 airports—and considering scrapping its open-seating plan
Southwest also froze hiring to cut costs. more
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Exxon's profits are falling, but CEO Darren Woods' compensation rose last year—here's how the oil giant rewards its top exec
Exxon’s so-so first quarter came on the heels of record profits in 2022. more
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With inflation still high and economic growth slowing sharply we could be heading toward stagflation, a scenario 'nobody is really prepared for,' UBS exec says
After preparing for a recession, and hoping for a soft landing, the U.S. might end up in an unexpected bout of stagflation. more
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Yuga Labs ‘Lost Its Way’ Says CEO as Bored Ape NFT Maker Reveals Layoffs
Bored Ape Yacht Club creator Yuga Labs is restructuring with an aim to get back to its smaller, scrappier early days. more
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Buffett-owned real estate brokerage pays $250 million to settle claims that agent commissions break antitrust law
HomeServices of America is the latest to settle a Missouri lawsuit filed on behalf of homebuyers. more
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Tesla’s Elon Musk speeds past Mark Zuckerberg on the billionaires list after Meta stock plummets on its cash-sucking AI plans
Zuckerberg passed Musk on the list earlier this month. more
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More Americans are working past age 65—and that’s good news for employers
Companies that understand the advantages that boomers provide will have a leg up in building more effective teams. more
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Eminem teams up with Crypto.com for new advertising campaign
Rap legend Eminem participates in a new advertising campaign of Crypto.com as a voiceover artist. The post Eminem teams up with Crypto.com for new advertising campaign appeared first on Crypto … more
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Moomoo Wins "Digital CX Awards 2024" by The Digital Banker
Outstanding Digital Customer Experience as Key-to-Success in Canada MarketTORONTO, CANADA - Media OutReach Newswire - 26 April 2024 - Moomoo, one of the leading one-stop digitalized stock trading … more
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Connecticut Senate passes AI bill curbing bias, deep fakes
The bill would punish anyone found guilty of using AI to create deceptive deep fakes and is supported by Microsoft and IBM amid local tech firms’ opposition. [...] Read More... The post … more
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In the latest blow to the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace in $5 billion deal
Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers. more
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Pantera Capital to raise $1 billion for new crypto fund
Pantera Capital seeks over $1 billion for new crypto fund investing in startup equity, tokens, and blockchain assets, its largest raise since the 2022 collapse. The post Pantera Capital to raise … more
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Worldcoin eyes collaboration with PayPal, OpenAI
Worldcoin seeks partnerships with PayPal and OpenAI amidst regulatory scrutiny, focusing on compliance and strategic expansion. The post Worldcoin eyes collaboration with PayPal, OpenAI appeared … more
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EU’s anti-money laundering bill passes final vote
The latest AML package is part of an increased effort by the EU to combat terrorist financing, and money laundering, which was given urgency following Hamas' financing through digital assets. … more
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