Author: News Room

Former President Donald Trump and seven of his co-defendants in the Georgia 2020 election subversion case are seeking an immediate appeal of last week’s ruling that allowed Fulton County District Attorney Fani Willis to remain on the sprawling racketeering case. To appeal the matter immediately – before trial – defendants must obtain Fulton County Superior Court Judge Scott McAfee’s permission. If he approves the request, a three-judge panel of the 11th US Circuit Court of Appeals would decide whether to take up the matter. “Whether District Attorney Willis and her Office are permitted to continue representing the State of Georgia in…

Less than six months ago, commissioner Gary Bettman downplayed the idea that additional NHL expansion was imminent. “Expansion isn’t on the agenda,” he told reporters on Oct. 4. “If something were to progress along where you say, ‘Well, this could be ready to go,’ then I’ll bring it to the owners and we’ll discuss it. But we’re not in a mode where I’m saying, ‘OK, if you’re interested in expansion, submit your applications and we’ll evaluate them,’ like we’ve done previously.” Since then, though, the expansion steak has started to sizzle — and it might end up being ready to…

In trading on Monday, shares of Ford Motor were yielding above the 5% mark based on its quarterly dividend (annualized to $0.6), with the stock changing hands as low as $11.98 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market’s total return. To illustrate, suppose for example you purchased shares of the S&P 500 ETF (SPY) back on 12/31/1999 — you would have paid $146.88 per share. Fast forward to 12/31/2012 and each share was worth $142.41 on that date, a decrease of $4.67/share over…

Emerging markets-focused payments processor dLocal has today announced that it is appointing current Co-CEO Pedro Arnt as Chief Executive Officer, with Sebastián Kanovich, who has held the role of CEO since 2016, becoming a Board Member and Head of Commercial and M&A Committee. Mark Ortiz, who has previously worked at GE Capital, also joins the company as CFO CFO , taking over from Diego Cabrera Canay, who announced his intention to move on from the company in November 2023. The move comes as Uruguay-headquartered dLocal, which IPO’d on the Nasdaq in June 2021, looks to build its next stage of…

Lower mortgage rates will bring buyers back to the market, but any uptick in inventory from sellers opting to list their homes probably won’t be enough the meet demand and keep prices from rising further, Bank of America says. The number of existing home sales on offer fell last year as mortgage rates rose and sellers opted to wait it out to hold onto lower rates they locked in years ago. As homeowners sat it out in 2023, existing home prices diverged from those of newly constructed homes. “The median home price for existing homes continued to soar through the roof in…

In a release on Monday, the agency announced that they had settled with two investment advisers, who agreed to pay six-figure fines after being charged with “making false and misleading statements about their use of artificial intelligence.”The firms, Delphia (USA) and Global Predictions, agreed to pay penalties of $225,000 and $175,000 respectively. The decision arrives about a month after SEC chair Gary Gensler warned investors about misleading claims of AI use and highlighted the potential risks of AI to financial stability.”We’ve seen time and again that when new technologies come along, they can create buzz from investors as well as false…

By Ted Hesson and Liliana Salgado WASHINGTON/TUCSON, Arizona (Reuters) – An Arizona migrant shelter that has housed thousands of asylum seekers plans to halt most operations in two weeks when funding from Washington runs out, a problem for towns along the border where officials fear a surge in homelessness and extra costs. Arizona’s Pima County, which borders Mexico, has said that at the end of the month its contracts must stop with Tucson’s Casa Alitas shelter and services that transport migrants north from the border cities of Nogales, Douglas and Lukeville. Pima County Administrator Jan Lesher said the county cannot…

Director of Lulu’s Fashion Lounge Holdings, Inc. (NASDAQ:LVLU), Michael J. Mardy, has recently purchased shares of the company’s stock, according to a new SEC filing. The transaction, which took place on March 15, involved Mardy acquiring 1,000 shares at an average weighted price of $1.64 per share. The total investment amounted to $1,640. The prices for these shares ranged from $1.59 to $1.66, indicating that the director capitalized on the opportunity to buy shares at a lower market price. Following this purchase, Mardy now owns 96,341 shares of Lulu’s Fashion Lounge Holdings, Inc. directly. The purchase is a display of…

MEXICO CITY (Reuters) – Mexican presidential candidate Claudia Sheinbaum on Monday vowed to keep boosting the activity of the country’s state-owned energy companies if she wins the upcoming election, while also pledging to accelerate the transition to renewable energies. production should be at 1.8 mln barrels per day and refineries should work more efficiently to help wean the country off expensive gasoline and diesel imports, Sheinbaum said without giving a timeframe.

​​ Apple appears to be finally raising the curtain on some of its AI efforts. Apple researchers say they’ve developed a family of multimodal models — which refers to an AI system that can interpret and generate different types of data, such as text and images at the same time — called MM1. The report said its new methods boasts “superior abilities” and can offer advanced reasoning and in-context learning to respond to text and images. The announcement hints at how such a system could benefit future Apple products, including iPhones, Macs and its Siri voice assistant. It comes as…