The U.S. Small Business Administration (SBA) is celebrating the one-year anniversary of the Veteran Small Business Certification (VetCert) program. This program has been instrumental in expanding federal contracting opportunities for Veteran-Owned Small Businesses (VOSBs) and Service-Disabled Veteran-Owned Small Businesses (SDVOSBs). Under the Biden-Harris Administration's commitment to supporting veterans and underserved populations, the VetCert program has approved over 10,400 applications from VOSBs and SDVOSBs with an impressive average processing time of just 15 days....
MIT is set to inaugurate its new music building, a 35,000-square-foot facility adjacent to Kresge Auditorium, in spring 2025. The new building, also known as Building W18, aims to provide better support for MIT's thriving musical program. It will feature high-quality rehearsal and performance spaces, a professional recording studio, classrooms, and laboratories for the music technology program.According to Keeril Makan, the Michael (1949) and Sonja Koerner Music Composition Professor and associate dean of the School of Humanities, Arts, and Social Sciences, the new music...
Carlyle Group Inc. has announced that it will be releasing its financial results for the fourth quarter and full year 2023 on Thursday, February 8, 2024. The company will also be hosting an investor conference call at 10:00 a.m. EST on the same day.
A new global study conducted by the IBM Institute for Business Value highlights a growing gap between consumer expectations and the current retail offering. The study, titled "Revolutionize retail with AI everywhere: Customers won't wait," surveyed nearly 20,000 global consumers and found that only 9% of respondents are content with in-store shopping, while 14% are satisfied with online shopping.
The Small Business Index has experienced a decline due to the lack of confidence small businesses have in the economy. The third quarter witnessed an eight-point drop in business confidence.
A recent surge in falling mortgage rates has put a stop to a four-month slide in builder confidence, sparking new construction on single-family housing across the United States. Economic indicators also suggest an upturn in housing conditions as we approach 2024.
The National Retail Federation (NRF) has projected that holiday spending in November and December will surpass $957.3 billion in 2023, indicating a growth of 3% to 4% compared to the total holiday spending of $929.5 billion in 2022.
A study conducted by the Consumer Financial Protection Bureau (CFPB) reveals that a significant number of Americans are taken aback by the high interest they incur on their overdraft fees. The report further suggests that these consumers have more affordable credit options at their disposal.
The Consumer Financial Protection Bureau (CFPB) has identified that numerous college-sponsored financial products impose high and unusual fees. The annual student banking report discovered that students encounter steep costs and unfavorable terms on college-endorsed credit cards and a variety of financial products.
The Consumer Financial Protection Bureau (CFPB) has ordered U.S. Bank to pay $21 million for engaging in illegal conduct during the COVID-19 pandemic. This ruling comes after tens of thousands of American workers lost access to their unemployment benefits due to the bank's actions.
The National Association of Realtors (NAR) has projected that the number of existing-home sales will reach 4.71 million in 2024, marking a 13.5% increase from the anticipated 4.1 million in 2023.
State legislators from across the country recently gathered at Stanford University to participate in The Hunt Institute's Early Childhood Policy Academy. The three-day event, co-hosted by the Stanford Center on Early Childhood, aimed to educate policymakers on the importance of investing in early childhood development.
The Office of Financial Research (OFR) has reported elevated threats to U.S. financial stability, concluding that the risks have increased since the previous year.
The Consumer Financial Protection Bureau (CFPB) has mandated Atlantic Union Bank to pay $6.2 million for illicitly accumulating overdraft fees. The bank was found guilty of improperly enrolling customers into paying these fees.
Investments in productivity-boosting measures have resulted in an uptick in the U.S. Middle Market Business Index. The RSM US Middle Market Business Index (MMBI) recorded a 4.7% surge in productivity during the third quarter.
A new study conducted by researchers at Stanford Medicine has found that the psychoactive drug ibogaine, when combined with magnesium, effectively reduces symptoms of post-traumatic stress disorder (PTSD), anxiety, and depression, and improves functioning in veterans with traumatic brain injuries (TBI). The study, published in Nature Medicine, includes data from 30 veterans of U.S. special forces who underwent ibogaine treatment at a clinic in Mexico.
On November 28th, the Federal Reserve declared its support for Indian County Development through the reformed Community Reinvestment Act. This move is aimed at encouraging federally insured banks to fulfill the credit needs of the communities where they operate.
Consumer Financial Protection Bureau and 11 states announced that they ordered Prehired to provide over $30 million in relief for illegal student lending practices. This order is a result of Prehired's alleged illegal practices including false job placement promises, abusive debt collection practices, and "income share" loans.
Mastercard is doubling down on an effort to detect and stop crypto fraud with the help of AI. This initiative aims at enhancing the safety of financial transactions, especially those involving cryptocurrencies.
Hundreds of OpenAI employees are threatening to follow former OpenAI CEO Sam Altman to Microsoft unless the OpenAI board resigns following their decision to remove Altman as CEO. This move follows a contentious decision by the board that has left employees and investors alike questioning its ability to lead.
