LND topic: banks page 62

banks

China's Finance Minister Hints at Future Economic Boosts

October 12, 2024

China's Finance Minister, Lan Fo'an, recently suggested that there's room for more economic stimulus, but he didn't reveal any specific plans. This could mean new steps to boost the economy in the future, but what those might be is still a mystery. China's economy hasn't been doing great even after

business

China's Economy: A Waiting Game for Stimulus

October 12, 2024

China's Finance Minister, Lan Fo’an, hinted at possible economic boosts on Saturday but didn't reveal any concrete plans. This comes after the economy's slow recovery from COVID-19 restrictions lifted in late 2022. Companies are cautious, cutting back on jobs and pay, while a struggling property mar

business

CoreWeave's Big Bet: A Huge Credit Line for AI Growth

October 12, 2024

You might have heard of CoreWeave, an AI startup backed by Nvidia. They've just snagged a massive $650 million credit line to fuel their expansion. This cash boost means they can build more data centers worldwide, with plans to open 28 by the end of 2024. That's quite the milestone for just a year! ...

politics

NYC Schools Investigation: Feds Dig Deeper

October 12, 2024

The New York City Department of Education has received a subpoena as part of an ongoing federal investigation. This legal request is focused on outgoing Schools Chancellor David Banks and his brother, Terence Banks, who worked as a consultant for companies with city contracts. The subpoena, issued r

crypto

Crypto's Casual Takeover of Online Casinos

October 11, 2024

Online casinos are welcoming cryptocurrencies with open arms, especially in North America and Europe. This trend has given birth to a new term: crypto gaming, which means betting using digital currencies like Bitcoin and Ethereum on games, sports, and esports. Unlike traditional online casinos, cryp

celebrities

Celebrities Blake Lively and Ryan Reynolds Step Up for Hurricane Relief

October 11, 2024

You might think that movie stars Blake Lively and Ryan Reynolds are only famous for their roles in films like "It Ends With Us" and "Deadpool." But they're also known for something else: their generosity. Recently, they donated $1 million to help with the relief efforts for Hurricane Helene and Hurr

finance

Bank Drops Billion to Fix Cartel Cash Blunder

October 10, 2024

TD Bank is shelling out a massive $3 billion fine for letting drug cartels slip through their money laundering checks. This isn't just a slap on the wrist—it's a record-breaking penalty meant to shake things up at the bank. For years, TD Bank's system missed over 90% of suspicious transactions, allo

business

Ripple Rolls Out Crypto Storage for Banks

October 10, 2024

Ripple, the company known for its XRP cryptocurrency and RippleNet platform, has just launched new services aimed at helping banks and financial firms store digital assets. This move is part of Ripple's strategy to branch out from its main payment settlement business. The new services, now under the

crime

New Glen Oaks Sheriff's Office Substation Takes Shape Amid Crime Spike

October 9, 2024

In response to a recent increase in violent crime, local officials in Baton Rouge have begun construction on a new sheriff's office substation in the Glen Oaks neighborhood. Councilman Darryl Hurst, Mayor-President Sharon Weston Broome, and the East Baton Rouge Sheriff's Office led the groundbreakin

finance

Janet Yellen: AI in Finance Can Be a Mixed Bag

October 7, 2024

Finance is getting smarter. Treasury Secretary Janet Yellen recently talked about this at a financial stability conference. She said artificial intelligence (AI) could make things better or worse for the finance world. That's why regulators are paying close attention. Yellen mentioned how AI can he