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Banking & Finance
McKinsey report shows private markets slowed in 2023
McKinsey & Company’s recently released Global Private Markets Review reveals that private markets slowed in 2023. The report points to macroeconomic headwinds, an increase in financing costs, and uncertainty in the growth outlook as contributors, which affects fundraising, deal activity, and performance.
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Banking & Financial Services
Bain releases 2024 private equity midyear report
Management consulting firm Bain & Company has released its "Searching for Momentum: Private Equity Midyear Report 2024." The report reveals that private equity continued to decline during the first half of 2024, with few signs of momentum.
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Personal injury law firm Morgan & Morgan sued over ‘misleading advertising’
Jody Shackelford, an Arkansas-based attorney, filed a lawsuit on July 17 against the national personal injury law firm Morgan & Morgan, alleging that the law firm’s advertising campaigns constitute "unfair trade practices."
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Announcements
Bureau of Labor Statistics announces June CPI increase for Atlanta-Sandy Springs-Roswell
The U.S. Bureau of Labor Statistics announced that in June, the Consumer Price Index (CPI) for Atlanta-Sandy Springs-Roswell increased by 0.7 percent due to a rise in the electricity index. Over the past year, the CPI-U increased by 2.6 percent, with the food index rising by 2.2 percent and the energy index by 3.9 percent.
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Economics
Motor vehicle insurance increasing 565% more than the rate of overall inflation
The latest Consumer Price Index summary found that the cost of motor vehicle insurance rose 22.6% over the last year, according to the Bureau of Labor Statistics, while the overall rate of inflation for the last year was 3.4%.
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Technology
Samsung's Galaxy AI now supports 16 languages: A look into the process
Samsung continues to innovate in the field of mobile AI experiences, and the latest development is Galaxy AI1's support for 16 languages. This allows users to enhance their language skills even while offline, courtesy of on-device translation features such as Live Translate2, Interpreter, Note Assist, and Browsing Assist. But how does AI language development occur? This article delves into the challenges encountered during mobile AI development and how they were surmounted.
