Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, selects her favorite stories in this weekly newsletter.The UK Financial Conduct Authority plans to name companies under investigation more frequently and at a very early stage in an attempt to increase the deterrent effect such investigations could have on the market.The new approach, outlined in a consultation paper due to be published on Tuesday, will mainly apply to companies rather than individuals due to legal restrictions on privacy, the FCA said.“More transparency around our enforcement work at an early stage will enable companies to start getting their house in…
Author: ricardofrancois
InvolvedShare the article via FacebookShare the article via TwitterShare article via LinkedInShare article via emailUma Moriarity, chief investment strategist at CenterSquare Investment Management, discusses debt problems in US commercial real estate, and says exposure of small and regional banks to the sector has “actually increased”.02:15Monday, February 26, 202410:15 PM EST
Chinese coast guard ships entered prohibited or restricted waters around Taiwan's frontline Kinmen Islands on Monday, a Taiwanese minister told reporters on Tuesday, amid escalating tensions with Beijing.Ted Algibi | AFP | Getty ImagesFive Chinese Coast Guard ships entered restricted or restricted waters around Taiwan's frontline Kinmen Islands on Monday, a Taiwanese minister told reporters on Tuesday, amid escalating tensions with Beijing.This month, the Chinese Coast Guard began regular patrols around the Taiwan-controlled Kinmen Islands, which are close to China's shores, after two Chinese nationals died while trying to flee from the Taiwanese Coast Guard after their boat entered restricted…
The Supreme Court is considering the fate of two government laws that limit how social media companies can moderate content on their platforms. In oral arguments Monday, the justices faced a host of thorny questions that could reshape the Internet, from social networks like Facebook and TikTok to apps like Yelp and Etsy. In October, the Supreme Court decided to hear two parallel cases, one in Florida (Moody v. NetChoice, LLC) and one in Texas (NetChoice, LLC v. Paxton). In both cases, the law was signed into law by Republican governors, with the new state law instructing social media companies…
Sacramento — A bipartisan group of lawmakers in the California Senate on Monday announced a package of legislation to address the growing fentanyl crisis and the rampant outbreak of organized retail theft. Sen. Mike McGuire (D-Healdsburg), who was sworn in as interim president last month, recited troubling statistics to reporters as he advanced proposals that he said would address the issues through a more rehabilitative approach. “There are more than 12,000 drug overdose deaths annually in California. More than half of those deaths are related to fentanyl,” McGuire said. “Black and Latino communities have seen a 200% increase in overdose…
The new face of school bullying is real. It's the body below the face and it's fake.Last week, administrators and parents at Beverly Vista Middle School in Beverly Hills were shocked by reports that fake photos had spread online that placed real students' faces on artificially created nude bodies. According to the Beverly Hills Unified School District, the images were created and shared by other students at Beverly Vista, the district's only school for grades six through eight. The number of students enrolled there is about 750, according to the latest census.The district investigating the matter joins a growing number…
Sean Bailey, the longtime Walt Disney executive who oversaw the studio's live-action films, will step down from his position, Burbank-based entertainment giant Walt Disney Co. announced Monday.David Greenbaum has been appointed to the newly created role of president of Disney Live Action and 20th Century Studios, and will oversee film projects for both units spanning theatrical and streaming platforms. Billy will leave his position after 14 years at the helm of the team.A high-level shakeup has been rumored at the top of Disney's live-action film unit, especially after the difficult performances of some recent films.During his tenure, Bailey oversaw a…
Check out which companies are making headlines in extended trading. Business Day – Shares fell 9% after the enterprise software company's fourth-quarter earnings report. Workday's adjusted earnings beat expectations of analysts surveyed by LSEG, formerly known as Refinitiv, by 10 cents per share, coming in at $1.57. On the other hand, revenues were in line with consensus estimates at $1.92 billion. Workday also reiterated its subscription revenue guidance for fiscal 2025. Zoom Video – The video conferencing stock rose 11% on the back of a better-than-expected Q4 earnings report. Zoom earned $1.42 per share, excluding items, on revenue of $1.15…
TechCrunch Team We're in Barcelona this week to bring you all the goings-on at Mobile World Conference 2024. You already know what to expect, so sit back, relax and tune in all week long as we bring you product, announcements and startup news. Of the MWC you need to know. So far we've seen some big announcements from companies, including new Android features from Google, a new laptop concept from Lenovo and a robot dog from Xiaomi. As the MWC progresses, here's how to follow our team's coverage. Doublepoint's WowMouse gesture touch feature has been updated DoublePoint Wowmouse app Android…
Steve Altemus, CEO of Intuitive Machines, explains how the company's IM-1 lander flipped onto the lunar surface during a NASA press conference on February 22, 2024.NASA TVIntuitive machines The Odysseus lander returned its first images from the lunar surface over the weekend, as the spacecraft settles into its lunar destination.The company's historic IM-1 mission is now operating on the moon's surface after landing on Thursday, becoming the first specially developed spacecraft to land on the moon's surface.The intuitive instruments initially reported that Odysseus was standing upright. But in an update late Friday, company executives said they believe the spacecraft stuck…