The Trump administration is moving to overhaul fair lending rules that were enacted in 1977’s Community Reinvestment Act (CRA) to prevent redlining and incentivize banks to reinvest in the communities they serve. The Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the Currency (OCC), two of the three federal regulators tasked with […]
OpenAI’s models now reach more than 1 billion active users and more than 2 million businesses, OpenAI Chief Financial Officer Sarah Friar said in a Friday (July 31) blog post. OpenAI has found that these users deploy artificial intelligence (AI) more often and more deeply as they gain confidence in it. Among individuals, after six months of using the technology, […]
Markets are not fully sold on that calm. After the July 15 decision, Capital Economics North America economist Thomas Ryan said the bank’s messaging “suggests it has no intention of responding to energy-driven inflation with higher interest rates,” adding that “money markets continue to price in some chance of tightening.” The council left that door […]
NEW YORK and NEW ORLEANS, July 31, 2026 /PRNewswire/ — – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until September 22, 2026 to file lead plaintiff applications in a securities class action lawsuit against PROCEPT BioRobotics Corporation (“Procept” […]
Amazon (AMZN +15.32%) reported its second-quarter results on Thursday afternoon, and the release carried a figure that can scare investors off: Free cash flow for the trailing 12 months came in at an outflow of $7.6 billion. A year earlier, that figure was an inflow of $18.2 billion. The market barely blinked. Shares of the […]
Mumbai: Banking credit to industry remained robust, increasing 19% year-on-year due to broad-based growth from both large and small companies. Personal loan growth also remained strong, expanding 16% YoY compared to 12% a year ago, the latest sectoral data for June showed. In the personal loan segment, loans against gold jewellery, which include certain agriculture […]
Alberta recorded a 4% year-over-year increase in for-sale housing starts in 2025, with Edmonton posting a 15% surge, according to Statistics Canada. The new agreement is intended to remove the servicing constraints, particularly in mid-sized cities where aging systems have acted as a ceiling on approvals, that have limited further progress. Red Deer’s $9 million gap […]
Roblox (RBLX -26.85%) told investors Thursday to expect third-quarter bookings of $1.576 billion to $1.653 billion, a decline of 14% to 18% from a year ago. It also declined to offer a full-year outlook, accelerating a planned shift to quarterly only guidance. Shares fell about 27% Friday, hitting a fresh 52-week low near $34. Management […]
A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays. Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab […]
Soybeans posted 1 to 5 ¼ cent losses across most contracts on Friday. August was down 76 cents on the week, with November dropping 66 cents. November still managed a 43 ¾ cent gain on the month The cmdtyView national average Cash Bean price was down 7 1/2 cents at $11.41 1/4. Soymeal futures were $1.90 to […]