HSBC and Standard Chartered face a small bump in their capital requirements from proposed changes to the UK’s leverage ratio, while other UK lenders would see a reduction. The new rules, unveiled by the Bank of England’s Financial Policy Committee (FPC) on July 7, favour domestic activity over international operations. “It is more likely that […]
Anthropic product executive Dianne Penn says artificial intelligence has become part of her management toolkit. Penn said on an episode of “Lenny’s Podcast” released Sunday that Anthropic’s flagship AI model, Claude, has helped her to become a more effective manager and that she has shared her approach with fellow managers at the company. “That’s actually […]
Halifax, BM Solutions, TSB and Leeds Building Society are increasing rates tomorrow by up to 20 basis points. At Halifax, remortgage rates on selected two, three and five-year fixed rates are rising by up to 20bps. Homemover and first-time buyer rates will climb by up to 15bps and product transfer deals by up to 10bps. […]
Both OpenAI and Anthropic have reached valuations near US$1tn this year and are preparing for possible initial public offerings that could arrive as soon as this year, CNBC reported, noting that Anthropic confidentially filed its prospectus with the US Securities and Exchange Commission in June, with OpenAI following days later. Open-weight models let users download, modify, and […]
Federal Reserve officials will head into their policy meeting this week confronting a resurgence in price pressures that could make their decision on whether to hold or hike interest rates a close call — and a contentious one.
It’s an understatement to say Sweetgreen (SG +2.67%) has stumbled recently. The fast-casual salad chain has plunged since it peaked in late 2024, down 86%. Almost everything that could go wrong for the salad slinger has. Same-store sales have turned sharply negative as concerns about high food prices, a change to its loyalty program, and […]
Ant International’s Alipay+ said last week that it has added Hang Seng Bank as its first banking partner in Hong Kong, extending a network that already spans more than 50 digital wallets and financial institutions. The unified wallet gateway is said to be accepted in over 220 markets globally and lets banks offer cross-border payment […]
SAN DIEGO, July 27, 2026 /PRNewswire/ — Shareholder rights law firm Robbins LLP is investigating Pentair plc (NYSE: PNR) to determine whether certain Pentair plc officers and directors violated securities laws and breached fiduciary duties to shareholders. Pentair plc provides various water solutions in the United States, Western Europe, China, Latin America, the Middle East, Southeast Asia, […]
How Canada’s best advisory teams manage downside risk STENNER WEALTH PARTNERS+ CG Wealth Management, British Columbia As one of the best wealth management firms and teams in Canada, Thane Stenner’s 13-person team has spent 25 years perfecting downside protection. Managing 53 ultra-high-net-worth (UHNW) clients with a minimum of $10 […]
Olmstead Properties has signed Luckin Coffee to a new 10-year, 1,200-square-foot retail lease at 180 Varick St., bringing one of the country’s fastest-growing coffee brands to the base of the historic Hudson Square office building. Luckin Coffee will replace a neighborhood pizzeria and deli that had occupied the storefront for more than 40 years before its longtime owner retired. […]