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By Business Daily | Nov 27, 2023
Goldman Sachs announced its One Million Black Women has joined forces with Hall of Fame women’s basketball player and coach, Dawn Staley, to shine a spotlight on the racial wealth gap in the United States. This collaboration is emphasized in an advertisement referencing data from the recently unveiled Money Matters: One Million Black Women Economic Mobility Survey. The initiative aims to draw attention to the financial inequalities faced by Black women and advocate for solutions that narrow these gaps.
By Business Daily | Nov 27, 2023
JPMorgan Chase announced philanthropic commitments amounting to $3.5 million for the expansion and advancement of apprenticeship programs across the country. This contribution is an integral component of the firm's five-year, $30 billion commitment to enhancing economic opportunities for underserved communities and fostering a more inclusive economy. The funds will be invested in various initiatives aimed at creating job opportunities and promoting career development in fields such as technology and cybersecurity.
By Business Daily | Nov 26, 2023
The Lifeline and Affordable Connectivity Act are FCC initiatives that help low-income households afford the broadband they may need. According to Baker, these important programs faced challenges which threaten to destroy their effect on the communities they serve. Meredith Baker's warning about these challenges comes in light of the significant role these initiatives play in promoting digital inclusion among all Americans.
By Business Daily | Nov 26, 2023
Asana joins the Business Software Alliance as it assists organizations in working more intelligently, overseeing tasks ranging from setting and tracking goals to capacity planning and launching products. This move marks a significant step forward for Asana in supporting global enterprise technology advancements.
By Business Daily | Nov 26, 2023
Blockchain Association submitted an amicus brief concerning OFAC's sanctions on the privacy-preserving software named Tornado Cash. The sanctions imposed by OFAC represent the initial instance in which the agency has targeted computer software itself, as opposed to focusing on the individuals or entities misusing such tools. This groundbreaking action raises concerns among various stakeholders regarding its potential ramifications on privacy and legality.
By Business Daily | Nov 26, 2023
A U.S. court has determined that data from the Interactive Advertising Bureau (IAB), a prominent industry association dedicated to the growth and development of the digital advertising ecosystem, is crucial for ensuring a just resolution in a legal case involving Amazon. The Federal Trade Commission (FTC) had attempted to prevent the primary trade association from submitting an amicus brief that highlights issues with the agency's legal action against the online retailer. This decision comes amidst ongoing disputes over antitrust laws and freedom of speech in the rapidly...
Cisco Systems first quarter are the strongest in their history in terms of revenue and profitability
By Business Daily | Nov 26, 2023
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Cisco Systems Inc, a multinational technology company, released their first quarter earnings report, and this is their strongest first quarter result in history. They earned $14.7 billion in revenue which is 8% higher than last year's first quarter earnings.
The company's press release provided some important details about the successful quarter.
According to a press release from Cisco Systems Inc, advancements...
By Mount Vernon News | Nov 25, 2023
The following school events are scheduled to take place in Centerburg this week.
By Business Daily | Nov 25, 2023
Goldman Sachs announced its Goldman Sachs ETF Accelerator has introduced GMO's inaugural ETF. Known as the U.S. Quality ETF, it draws on GMO's investment expertise to focus on U.S. high-quality stocks, providing efficiency, transparency, and liquidity inherent in the ETF structure. This latest development occurred as part of Goldman Sachs' ongoing commitment to innovating within the financial sector.
By Business Daily | Nov 24, 2023
Goldman Sachs announced the launch of Marquee MarketView, a visual analytics dashboarding ecosystem accessible through Marquee, their digital platform. The tool is designed for the exploration, consumption, and sharing of insights from institutional investors and eligible corporate clients. This initiative was taken in an effort to provide more accessible and comprehensive data analytics for its clients.
By Business Daily | Nov 23, 2023
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Bank of America announced a new feature allowing clients to prequalify for auto financing without affecting their credit scores, providing information on potential borrowing amounts and estimated terms. The bank's Digital Car Shopping tool has also been enhanced with improved search functions, electric vehicle inventory filtering, integrated loan applications, and in-platform CARFAX™ reviews. This innovation is in line with the bank's commitment to simplifying finance processes for its clients.
By Business Daily | Nov 22, 2023
JPMorgan Chase announced the completion of the framing for its global headquarters at 270 Park Avenue with the raising of the final steel beam, a 1,388-foot structure. JPMorgan Chase Chairman & CEO Jamie Dimon, New York Governor Kathy Hochul, New York City Mayor Eric Adams, and local officials were present at the event. The headquarters will house approximately 14,000 employees upon completion.
By Business Daily | Nov 22, 2023
Thoma Bravo announced that Arlington Capital Partners has successfully concluded the acquisition of Exostar, LLC from Thoma Bravo, marking the completion of the deal. Exostar is a provider of cloud-based secure business collaboration software catering to regulated industries such as aerospace and defense, healthcare, life sciences, banking, financial services, and insurance. This acquisition provides Arlington with a new opportunity to expand its footprint in the technology industry.
By Business Daily | Nov 22, 2023
After a turbulent five days, Sam Altman will again lead OpenAI as CEO. The move comes after employee threats to quit and an offer from Microsoft to Altman. OpenAI tweeted late November 21 that they had reached an agreement for Altman's comeback and a new board structure.
By Business Daily | Nov 21, 2023
The global office-sharing company WeWork and several hundred of its affiliates recently filed for Chapter 11 bankruptcy protection in federal court. The case was filed in the US Bankruptcy Court for the District of New Jersey on November 6. This comes amidst a general upswing in the co-working space industry, with other major players showing strong financial growth.
The Right Kind of Magic: State Farm Launches New Creative Campaign with Top Celebrities and Athletes
By Business Daily | Nov 20, 2023
State Farm, the well-known insurance company, is set to launch a new creative campaign called "The Right Kind of Magic." This campaign combines the star power of top-tier celebrities and athletes with the iconic State Farm jingle and the beloved character Jake from State Farm.The campaign will kick off on Thanksgiving Day during the Thanksgiving Day Parade broadcast on NBC. Jimmy Fallon, the popular late-night talk show host, will perform the magic jingle that will make Jake from State Farm appear in the "You’re Joking" spot.Following the parade, the campaign will...
By Business Daily | Nov 15, 2023
H.I.G. Capital announced the sale of its portfolio company, Tastes on the Fly, to Paradies Lagardère, the North American travel retail division of the publicly traded Lagardère Group, on the French stock exchange. The financial advisory role for Tastes on the Fly was undertaken by William Blair & Company, while legal counsel for H.I.G. and Tastes on the Fly in the transaction was provided by Kirkland & Ellis.
By Business Daily | Nov 15, 2023
Wells Fargo announced the winners of the 2023 Housing Affordability Breakthrough Challenge, a $20 million competition initiated by the Wells Fargo Foundation and Enterprise Community Partners (Enterprise). Six organizations secured grants ranging from $2 million to $3 million each, along with support from peers and industry experts, to amplify their innovative housing solutions and enhance home accessibility and affordability nationwide.
By Business Daily | Nov 13, 2023
Wells Fargo announced the Wells Fargo Foundation in providing a $750,000 grant to establish the Team Rubicon TRades Academy. The TRades Academy initiative aims to equip individuals with trade skills, such as contracting, electric, plumbing, and HVAC, for application in various communities, particularly in the aftermath of natural disasters, according to a press release by Wells Fargo.
By Business Daily | Nov 11, 2023
Bank of America announced a doubling of its two-year commitment to support the Veteran Loan Fund in its second round. The Veteran Loan Fund, a national collaboration involving various Community Development Financial Institutions (CDFIs) and specialized veteran service organizations, offers responsible capital and technical assistance to underserved veteran entrepreneurs, according to a press release by Bank of America.