24/7 Wall St.

Big Data is big business. According to platform provider Edge Delta, the market for data services is projected to grow from $220.2 billion in 2023 to $401.2 billion by 2028 — an increase of 82.2%. Palantir Technologies Inc. (NYSE: PLTR) is a major player in the space. The company was co-founded by entrepreneur and venture capitalist […]
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Palantir Technologies (PLTR) Price Prediction and Forecast 2025-2030

JBS SA’s momentum to list its shares on the New York Stock Exchange has slowed over the summer, CFO Guilherme Cavalcanti said in an earnings call, raising questions as to whether the world's largest meat processor will complete an initial public offering before its end-of-year goal. Cavalcanti said Wednesday...

JBS stock-listing plans ‘out of our control,’ CFO says

The company is offering consumers in the U.S. and 11 European countries the ability to store money in a Klarna “balance” account, where they can deposit money directly from their bank account. They can use the money to pay for purchases in full or to pay for their installments when they use Klarna’s BNPL service.

Klarna takes on banking with new savings, cash-back offerings

The U.S. government has transferred 10,000 Bitcoin (BTC), valued at $300 million, from a government wallet to Coinbase, signaling a potential upcoming sale. These Bitcoin likely originate from the Silk Road darknet marketplace seizure and could negatively impact the Bitcoin market price. On August 15, 2024, Arkham Intelligence reported that...

US Government Transfers $300 Million in Bitcoin to Coinbase: Market Sell-Off Looms

Texas State

No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance or with access to the executive suite — into initiating a bank transfer of company funds to a bank account controlled by the fraudsters. These schemes can involve the hacking of email accounts used by executives to send fraudulent instructions to staff on their behalf, or even use deepfakes in efforts to trick unsuspecting employees into transferring funds.

Texas firm says it lost $60M in a bank wire transfer scam

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

There are many reasons to celebrate the BlackRock Flexible Income ETF (BINC). The actively managed multisector ETF launched less than 15 months ago. It is already approaching $4 billion in assets. It’s also now among the larger active fixed income ETFs joining products from Fidelity, JPMorgan, and PIMCO. BINC...

Golden Age for Fixed Income at BlackRock

The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s...

JPMorgan Chase Issues Warning To Investors As US National Debt Hits $34,997,540,505,103

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

South Carolina State

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Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

The Motley Fool

SoFi's earnings are growing steadily, but its loan portfolio has overshadowed the business.

SoFi: Buy, Sell, or Hold?

The business is generating a lot of growth due to artificial intelligence, but is it enough to send the stock higher?

Is Palantir Technologies a No-Brainer Buy After Posting Record Numbers?

Denver, CO

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

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

It was surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level as Rabois had. VC funds have 10-year life cycles and partners have good reason to stay that course. In some...

From Lauri Moore to Vic Singh, venture capitalists continue to play musical chairs

Bank of America, Citigroup and Goldman Sachs are reporting $4.139 billion in losses as lenders write off mounting debts that customers can’t honor. In its latest earnings report, Citigroup says its net credit losses, which are debts that the firm does not expect to collect, hit $2.28 billion in Q2 of this year.

Bank of America, Citigroup and Goldman Sachs Report $4,139,000,000 in Losses As US Lenders Witness Major Spike in Unrecoverable Debt

Yael Selfin, chief economist at KPMG UK, discusses the outlook for the Bank of England's monetary policy.

UK inflation rate to reach around 3% by end of 2024, economist says

Jersey City, NJ

Essex County, NJ

Morristown Minute

NEWARK, N.J. – Efrin Wade, a former correctional officer at Essex County Correctional Facility (ECCF), has admitted to accepting $14,000 in bribes to smuggle contraband, including tobacco and a cell phone, into the facility for inmates. The announcement was made today by U.S. Attorney Philip R. Sellinger.

Correctional Officer Guilty of Smuggling Contraband: $14K in Bribes Accepted

New York Post

Starbucks said Tuesday it is replacing embattled CEO Laxman Narasimhan with Chipotle boss Brian Niccol — a surprise move that comes after months of slowing sales and growing heat from activist hedge funds. 

The company said Niccol — who has been widely praised for a turnaround at Chipotle that has boosted the burrito chain’s stock by more than 50% over the past year — will assume the executive position on Sept. 9.

Narasimhan will be stepping down from his CEO and board director positions immediately. Starbucks chief financial officer Rachel Ruggeri will serve as interim CEO until Niccol starts.

Starbucks shares jumped...

Starbucks hires Chipotle boss Brian Niccol as next CEO as pressure from activist investors grows

The Vanguard Group, the second-largest issuer of exchange-traded funds (ETFs), plans to sit out the cryptocurrency ETF gold rush, according to Salim Ramji, Vanguard's CEO. “We will not be launching crypto ETFs,” Ramji said in an Aug. 14 interview with ETF.com. With almost $2.7 trillion in assets under management...

New Vanguard CEO: "We will not be launching crypto ETFs."

NewsBreak

UK neobank Revolut valued at $45B after secondary market sale

The news positions Revolut as one of Europe’s most valuable private tech companies. Founded in London in 2015, Revolut is one of numerous fintechs to emerge...

UK neobank Revolut valued at $45B after secondary market sale

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