News from May 2024
By Business Daily | May 16, 2024
A recent survey conducted by Goldman Sachs One Million Black Women (OMBW) reveals that a majority of Black women regard entrepreneurship as a significant avenue for wealth creation. The data suggests that if barriers were reduced, many would consider starting a business to support themselves, their families, and their communities.
By Business Daily | May 16, 2024
The U.S. Small Business Administration (SBA) announced today that it has been ranked seventh among the top 10 best midsize agencies to work in the federal government in 2023. The SBA's score rose slightly from 76.6 in 2022 to 76.9 this year.
By A. A. Sanchez | May 16, 2024
On May 3, public relations firm Marathon Strategies published a report revealing that New Jersey had 14 jury verdicts larger than $10 million between 2009 and 2023. These so-called "nuclear" verdicts amounted to a total of $1,480,387,446.
By R. B. Pepalis | May 16, 2024
WASHINGTON, D.C. (May 16, 2024)—The national average for a gallon of gasoline continues its slow decline, falling four cents since last week to $3.60. The main factors driving this decrease are weak domestic demand and oil costs below $80 a barrel.
By Business Daily | May 16, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced a $450 million forward flow agreement to purchase newly issued residential solar loans from Sungage Financial, a leading provider of solar financing. Alongside this, Carlyle has made a strategic investment into Sungage Financial. This partnership is expected to enhance Sungage Financial's origination capacity and drive future growth.
By Business Daily | May 15, 2024
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.
By Business Daily | May 15, 2024
Today, we are announcing the introduction of new AI safeguards designed to protect against misuse and new tools that leverage AI to make learning more engaging and accessible. We firmly believe in the transformative power of AI and its potential to improve lives and create a better world when approached with responsibility and boldness. Our research and products are already assisting people globally, aiding them in everyday tasks as well as their most ambitious, productive, and creative endeavors.
By Business Daily | May 15, 2024
GE HealthCare and Medis Medical Imaging have announced a collaboration aimed at advancing precision care in the diagnosis and treatment of coronary artery disease (CAD). The two companies will focus on integrating Medis Quantitative Flow Ratio (Medis QFR), a non-invasive approach to assessing coronary physiology, into GE HealthCare’s interventional cardiology portfolio built around the Allia Platform.
By R. B. Pepalis | May 15, 2024
Nationwide research reveals that company drivers are facing escalating distractions and safety risks on the road, a situation worsened by staffing shortages leading to extended hours of driving and diminished focus on safety.
By D. L. Deener | May 15, 2024
State Farm has unveiled a new website showcasing its patent inventions available for sale and the technological sectors where they can be found. The company, more than just an insurance provider, is demonstrating its commitment to innovation by offering some of its patented technology for licensing, purchase or collaboration opportunities.
By Business Daily | May 15, 2024
Carlyle (NASDAQ: CG) announced today that its Chief Executive Officer, Harvey Schwartz, is scheduled to present at Bernstein’s 40th Annual Strategic Decisions Conference. The event will take place in New York on Thursday, May 30, 2024, at approximately 9:00 AM EDT.
By Business Daily | May 15, 2024
Morgan Stanley has announced the declaration of regular dividends on the outstanding shares of various preferred stock issues. The declared dividends are as follows:
By Business Daily | May 15, 2024
Morgan Stanley Investment Management, via investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced the sale of a portfolio of four fully leased industrial properties. The properties, two in El Paso and two in Laredo, Texas, were sold for $178 million to two distinct institutional investors. The warehouses, totaling over 1.2 million square feet, are located within 10 miles of the United States’ border with Mexico which is currently experiencing a significant increase in manufacturing.
By Business Daily | May 15, 2024
On Friday, May 17, Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) and Senator Bob Casey will visit Kane, Pennsylvania. The visit is part of the Biden-Harris Administration's Investing in Rural America Tour. As the head of the SBA and a representative voice for America's over 33 million small businesses in President Biden’s Cabinet, Guzman's tour aims to connect with local small business owners and economic development leaders.
By Business Daily | May 14, 2024
Google's annual developer conference, I/O 2024, is set to commence tomorrow. Those interested in learning about the latest news and updates from the event are encouraged to register for the live stream, which begins on May 14 at 10 a.m. PT. Attendees can also check back for further information regarding the announcements made during the conference.
By Business Daily | May 14, 2024
NRG, a leading gaming and entertainment company, has partnered with Samsung, a global leader in technology, to announce the launch of its first-ever PUBG Mobile team: NRG Galaxy. This move signifies NRG's return to mobile gaming since 2019 and demonstrates the organization's continued growth.
By J. D. Suayan | May 14, 2024
NORTHBROOK, Ill., May 14, 2024 – The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved a quarterly dividend of $0.92 on each outstanding share of the corporation’s common stock. This dividend will be payable in cash on July 1, 2024, to stockholders of record at the close of business on May 31, 2024.
By Business Daily | May 14, 2024
On Tuesday, May 14, Isabel Casillas Guzman, the SBA Administrator, conducted a roundtable with Asian American, Native Hawaiian, and Pacific Islander (AANHPI) business leaders. The meeting was organized to celebrate AANHPI Heritage Month and to discuss ways in which the Biden-Harris Administration can further support entrepreneurship within the AANHPI community.
By Business Daily | May 14, 2024
The U.S. property/casualty industry experienced its second consecutive year of underwriting losses in 2023, with a net combined ratio of 101.6. Despite an improvement compared to 2022, personal lines remained the primary contributor to unprofitability in 2023. The latest industry underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman anticipate that premium growth will further enhance underwriting results in 2024, forecasting a net combined ratio of 100.2 for the P/C industry.
By Business Daily | May 14, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced that its Global Credit platform will provide a comprehensive financing package to support the growth of Big Bus Tours, the leading global provider of hop-on hop-off sightseeing bus tours. With over 5 million customers annually, Big Bus Tours is the world's largest operator of open-top sightseeing bus tours with operations across Europe, North America, the Middle East and Asia Pacific.