The CEO of JPMorgan Chase, the largest bank in the U.S. with $3.4 trillion in assets, is taking a firm stance against federal regulations. JPMorgan Chase CEO Jamie Dimon spoke out at the American Bankers Association convention in New York City on Monday against “overlapping” federal rules on card payments, open banking, and other areas,...
Day: October 29, 2024
Starbucks to Fire Workers Not Complying With Hybrid Schedule
When new Starbucks CEO Brian Niccol started his role in September, there was a lot of talk about his commute, which will cover about 1,000 miles and occur via private jet. Starbucks HQ is located in Seattle, and Niccol lives in Newport Beach, California, where his previous employer, Chipotle, is headquartered. The coffee giant requires...
PayPal (PYPL) Q3 2024 earnings
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Here’s how the company did compared to Wall Street estimates, based on a survey of...
Euro area economic and financial developments by institutional sector: second quarter of 2024
29 October 2024 As of October 2024, ECB quarterly financial accounts provide more details on loans by counterpart sector granted by other financial institutions (OFIs) and information on debt securities issuance of non-financial corporations (NFCs) via financing conduits. OFIs are creditors of 23% of loans granted to NFCs by financial sector Euro area net saving...
Hackers Sent a Deepfake of Wiz CEO to Dozens of Employees
Wiz, a cybersecurity startup valued at $12 billion, recently experienced a deepfake attack that was thwarted because employees knew how the CEO usually speaks. Wiz CEO Assaf Rappaport explained at TechCrunch Disrupt on Monday that hackers manipulated audio of his voice and sent a voice message to dozens of his team members to steal login...