Prominent eVTOL developer AutoFlight has announced the signing of a strategic cooperation agreement with battery behemoth CATL in which the latter will invest hundreds of millions to support the former’s arial technology development. AutoFlight is a Shanghai-based aviation specialist focused on developing and integrating autonomous eVTOL air taxis into...

CATL is investing hundreds of millions of dollars in eVTOL developer AutoFlight

PYMNTS

Mexico-based FinTech Aviva has raised $5.5 million in seed funding. “This oversubscribed round highlights the strength of our model’s unit economics, as well as our mission to provide innovative and accessible financial services to a market of 70 million people who are still underserved or receive very low-quality products,” the company wrote in a recent LinkedIn post.

Aviva Raises $5.5 Million to Provide Financial Services to ‘Underserved’

Fortune

On Monday generative AI model startup Cohere celebrated a fresh $500 million in new funding at a $5.5 billion valuation, and on Tuesday  company said it was laying off about 20 employees (out of close to 400).

A day after raising $500 million, AI startup Cohere told staff it was laying off about 20 employees

HIT Consultant 

– A new study has revealed a concerning trend in the healthcare industry: a significant decline in hospital assets following private equity acquisitions. The research, published in JAMA, analyzed data from 197 acquired hospitals and found a 24% decrease in total capital assets compared to a 9.2% increase in control hospitals over a two-year period post-acquisition. This decline is attributed to the sale of hospital assets, including land and buildings, to repay investors.

Study: Private Equity Acquisitions Linked to Decline in Hospital Assets

Cross-border payments infrastructure platform Layer2 Financial raised $10.7 million in a Series A round. The new funding will allow Layer2 to enhance its infrastructure, which uses fiat and digital currencies to securely move billions of dollars per year, according to a Wednesday (July 31) press release. Layer2 has seen a...

Layer2 Raises Over $10 Million for Cross-Border B2B Payments Offerings

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Entrepreneur

Anish Dhar, co-founder and CEO of Cortex, got the idea for the project management platform while he was an engineer at Uber.

He Spent a Weekend Working on His Side Hustle in an Airbnb. Then a 'Big Breakthrough' Led to $53 Million — and Counting.

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Denver, CO

David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Florida State

Homeowners' Associations (HOAs): many Floridians belong to them and only now are they getting more protections from them. Effective July 1, 2024, House Bill 1203 is requiring HOAs to follow a more strict set of guidelines in favor of homeowners.

New Florida Law Cracks Down On Homeowners’ Associations

It had everything they needed: space and, most importantly, power. The two wanted to break methane’s back, so to speak, stripping hydrogen from carbon in a way that didn’t emit atmosphere-warming carbon dioxide. “We call it a garage, but it was really just a carport. We plugged into...

Why Bill Gates’ Breakthrough Energy and other investors are scouring universities for founders

CBS News

Antitrust tensions are heating up in the chipmaking industry. Rivals have accused Wall Street darling Nvidia of abusing its market dominance in selling chips that power artificial intelligence — and the U.S. Justice Department is now investigating these complaints, technology news site The Information reported.According to the news outlet, which cited unnamed sources familiar with the discussions, Justice Department officials are looking into concerns Nvidia is potentially cornering the market and pressuring its customers to unfairly retain business. That includes allegations of Nvidia threatening to punish those who buy products from both the Santa Clara, California-based tech giant and its...

DOJ launches antitrust probe of Nvidia, following complaints from rivals

Virginia State

Business Insider

BI spoke to sweaty startup owners in industries such as cleaning and pest control who said they love the work but it's becoming harder to grow.

Blue-collar entrepreneurs say it's getting harder to turn a profit as competition for 'sweaty startups' heats up

Missouri State

CJ Coombs

Denny's was once a staple of the American diner landscape. In recent years, it has had its ups and downs, especially post-pandemic. The dining habits of people also change. Some customers have a more discerning taste.

Denny's: a legacy of serving customers for over 65 years including 27 locations in Missouri

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Aurora, CO

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

The niche restaurant operator uses robotic systems to create salads at two of its outlets. It has ambitious plans to open new restaurants with the technology, and retrofit existing ones. The company's operating profitability is much higher when it uses machines to make its salads. Would you let a robot...

Sweetgreen's Share Price Has Surged 120% in 2024. Here's How Artificial Intelligence (AI) Is Helping This Stock Soar.

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

ConocoPhillips continues to produce strong cash flow. The oil giant aims to return at least $9 billion in cash to shareholders this year. It expects to send investors even more money in 2025 and beyond. ConocoPhillips' strategy is paying big dividends for investors. ConocoPhillips (COP -1.14%) spent several years repositioning...

This Oil Stock is a Cash-Gushing (and Returning) Machine

NewsBreak

Placer.ai boosts valuation to $1.5B after quietly raising another $75M

The startup provides a wide range of location-based analytics to companies in verticals like retail, events and entertainment, CPG, retail estate, financial services and healthcare by...

Placer.ai boosts valuation to $1.5B after quietly raising another $75M

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