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.
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.
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.
The Consumer Financial Protection Bureau (CFPB) released a report that highlighted medical debt collection protection issues that consumers face. Efforts by states and the bureau are being taken to end the collection of inaccurate medical bills that sometimes consumers do not actually owe.
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.
The yields on a 10-year treasury has reached 5% for the first time since 2007. Yields have jumped since they were at .50% early in the pandemic, reflecting a significant shift in financial markets and impacting consumer and corporate borrowing costs.
A speech was given by Michelle Bowman, Board of Governors, at a conference highlighting the impact that the capital requirements reform will have on banking.
A speech by the Board of Governors' Michelle Bowman was given at a conference highlighting the projection of the United States economy and the prioritization that is being placed on bank supervision.
A Consumer Financial Protection Bureau report finds that in 2022 a record high $130 billion in credit card interest and fees was charged by credit card companies.
CFPB issues new report on State Community Reinvestment Act laws, which give banks the opportunity to help meet the credit needs of lower income communities.
New federal oversight of big tech companies and digital wallets proposed by the Consumer Financial Protection Bureau (CFPB). Many of the companies are currently not subject to the CFPB supervisory examinations.
On Nov 8th, Citi Bank was ordered by the Consumer Financial Protection Bureau to pay $25.9 million for intentional and illegal discrimination against Armenian Americans.
JPMorgan Chase & Co has committed $150 million to advance racial equity in Chicago's South and West sides. This commitment is part of the firm's $30 billion national commitment to advance racial equity.
JPMorgan Chase & Co invested $200 million through philanthropic capital, volunteerism, low-cost loans and equity investments into the city after the city historically went bankrupt in 2013.
Leadership for Morgan Stanley is changing as Ted Pick was announced as the next CEO of the company once James Gorman retires. Pick has been with the firm for three decades and was selected over Andy Saperstein and Dan Simkowitz.
