Business Daily News
By Business Daily | Oct 19, 2023
Freddy’s Frozen Custard and Steakburgers announced earlier this month that it was opening its 500th location in Burleson, Texas. The announcement comes after the fast-casual franchise utilized an AI-powered solution to simplify its software vendor selection process.
By Business Daily | Oct 17, 2023
Wells Fargo recently released its third quarter report for 2023, showing a reported net income of $5.8 billion, equal to $1.48 per diluted share. These results also encompassed $349 million, or $0.09 per share, in discrete tax benefits related to the resolution of prior period tax matters and the sale of approximately $2 billion worth of private equity investments, which had a minor impact on net income but raised the CET1 ratio by approximately 14 basis points.
By Business Daily | Oct 17, 2023
Jeff Ferranti, Senior Vice President and Chief Digital Officer at Duke University Health System, has expressed Duke Health's commitment to the responsible use of generative AI in addressing complex issues in academic medicine. He recognizes the transformative potential of AI in patient care, research, and medical education. Ferranti responded to Microsoft's AI solutions aimed at assisting healthcare organizations by collaborating with Microsoft to explore the ethical implementation of AI in healthcare.
By Business Daily | Oct 16, 2023
Wells Fargo & Company has announced that its personalized digital platform, LifeSync®, is now available to all consumer customers. Initially introduced to Wealth & Investment Management (WIM) clients earlier this year, LifeSync® can now be accessed through the Wells Fargo Mobile® app, according to a press release by Wells Fargo.
By Business Daily | Oct 15, 2023
CISA, the U.S. federal agency responsible for safeguarding the country's critical infrastructure and strengthening cybersecurity resilience, has unveiled two new resources aimed at enhancing protection against ransomware. These resources, announced on October 12th, are designed to help businesses identify known ransomware-related vulnerabilities and mitigate damages caused by ransomware attacks.
By Business Daily | Oct 15, 2023
Sony Electronics has announced the establishment of the Sony Innovation Fund: Africa, a program aimed at providing funding opportunities for early-stage startups in Africa's entertainment industry. The initiative, which was unveiled on October 12th, will support startups in various domains including gaming, music, movies, and content distribution.
By Business Daily | Oct 13, 2023
Visa has announced the formation of the Advisory Council for the Visa Economic Empowerment Institute, a platform that will focus on conducting original research and facilitating public-private discussions on payments and public policy. According to a press release by Visa, the founding members of the council are Dr. Axel Weber, Lord Jonathan Hill, and Ambassador Koji Tsuruoka.
By Business Daily | Oct 13, 2023
Since late 2022, the emergence of artificial intelligence (AI) has significantly impacted the corporate world, especially in retail and hospitality, where many companies are striving to catch up with the technological revolution going on around them. In a recent Forbes article, Fabrice Haiat expresses how AI technology can improve workflow and boost profitability in the retail industry.
By Business Daily | Oct 12, 2023
Bank of America's 2023 Women & Minority Business Owner Spotlight revealed that a majority of small business owners across the United States maintain a positive outlook for their businesses, with 67% expecting revenue growth in the next year, despite challenges posed by inflation and operating costs. The report highlights these findings regarding small business sentiment from an online survey conducted by Bank of America.
By Business Daily | Oct 9, 2023
Citi has partnered exclusively with Hispanic-owned firms to orchestrate a $750 million bond issuance in celebration of National Hispanic Heritage Month. These six firms, including Apto Partners LLC, Cabrera Capital Markets LLC, Great Pacific Securities, Guzman & Company, Penserra Securities LLC, and Samuel A. Ramirez & Company, Inc., were part of this collaboration according to a press release.
By Business Daily | Oct 9, 2023
Bank of America (BofA) recently released its 2023 Workplace Benefits Report, presenting insights gathered from surveys of over 1,300 employees and nearly 800 employers conducted in the first half of this year. The report provides data on workplace benefits and financial well-being trends.
By Business Daily | Oct 8, 2023
Jason Oxman, President and CEO of the Information Technology Industry Council (ITI), a trade association representing leading technology companies, has highlighted the importance of a recent Supreme Court decision supporting foreign-born graduates of U.S. colleges and universities, particularly those in STEM fields. Oxman stressed that these graduates play a crucial role in contributing their entrepreneurial skills to the U.S. economy and promoting innovation.
By Business Daily | Oct 8, 2023
Comcast's Chief Legal Officer, Tom Reid, has praised FCC Commissioners Brendan Carr and Geoffrey Starks for their dedication and passion for public service. Reid emphasized the vital role played by the commissioners in advancing broadband investment, regulation, and bridging the digital divide. He expressed eagerness to collaborate with them on these important issues and others crucial to the nation's communication policies.
By Business Daily | Oct 6, 2023
In a recent CNBC news clip covering the federal antitrust trial against Google, Eamon Javers, Senior Washington Correspondent of CNBC, said it was "embarrassing" that Microsoft's testimony highlighted the fact that when the tech giant has paid for Bing to be the default search engine on devices, a majority of users have chosen to opt out.
By Business Daily | Oct 5, 2023
The Wells Fargo Foundation has announced that it will be granting nearly $11 million to 28 organizations across six states through its Invest Native program. This initiative is part of a $20 million philanthropic effort aimed at enhancing housing access, small business growth, and sustainability in Native communities. The program is designed to benefit Native communities in Arizona, Montana, New Mexico, North Dakota, South Dakota, and Wyoming.
By Business Daily | Oct 3, 2023
Visa has partnered with Expel, a leading security operations provider, to expand its Managed Detection and Response (MDR) services and assist clients in cybersecurity risk management. This collaboration aims to simplify the process for clients worldwide to prepare for and defend against cybersecurity threats.
By Business Daily | Oct 2, 2023
JPMorgan Chase & Co. is marking its 90th anniversary of service in Detroit and the 10th anniversary of its commitment to support the city's economic recovery. The bank has pledged over $200 million to aid in the revitalization of Detroit, with a particular focus on skills training and job creation.
By Business Daily | Sep 27, 2023
Mayo Clinic, a renowned healthcare organization, is among the first to participate in Microsoft's 365 Copilot Early Access Program. Mayo Clinic's Chief Information Officer, Cris Ross, emphasizes the importance of privacy, ethics, and safety in their utilization of generative AI and large language models. The goal is to leverage AI-powered technology to advance healthcare transformation and prioritize patient care excellence.
By Business Daily | Sep 25, 2023
Faculty-Scientists and Clinicians at the University of Maryland Medical System have successfully performed the second xenotransplantation of a pig heart into a patient with end-stage cardiovascular disease. The surgery, which took place on September 20, marked a significant milestone in the field of xenotransplantation.
By Business Daily | Sep 24, 2023
According to a recent online survey conducted by the Pharmacy Technician Certification Board (PTCB), nearly 96 percent of Certified Pharmacy Technicians (CPhTs) with PTCB's Supply Chain and Inventory Management Certificate reported experiencing drug shortages in their pharmacies. PTCB CEO William Schimmel commended pharmacy technicians for their proactive efforts in addressing these shortages and highlighted their essential role in healthcare delivery.