With Cook sending hawkish signals, a Fed rate hike is in play for September

Alex Karp’s crusade against frontier AI labs continues. During Palantir’s second-quarter earnings call on Monday, the CEO and cofounder reiterated his view that leading AI labs could absorb enterprises’ data, intellectual property, and expertise into their models and ultimately use that to compete with their customers. “They deserve to colonize your enterprise,” Karp said, characterizing…

U.S. Virgin Islands Gov. Albert Bryan, Jr., said institutions that benefited from the bonds would have to complete and follow a five-year financial plan. U.S. Virgin Islands Gov. Albert Bryan, Jr., is proposing the government issue $250 million gross receipts tax bonds to address overdue obligations and pressing needs for itself, two public utilities and…

Referral arrangements keep clients connected Despite the ownership transfer, both banks have secured exclusive, long-term customer referral arrangements with Moneris, ensuring continuity for existing and future business clients. Sean Amato-Gauci, RBC’s group head of commercial banking, said Moneris “has played a central role in enabling Canadian businesses to modernize and scale by connecting them with…

Mamdani’s first report card is in. Let’s dive into some of the numbers  The latest Mayor’s Management Report was released late last week, giving a detailed look at the stats from key agencies across the Adams and Mamdani administrations. Housing-wise, the city financed the creation and preservation of 26,913 affordable units, exceeding its fiscal-year target…

Peter Hale has been promoted from his role as Afin Bank’s head of finance to deputy CFO, a year after joining the lender. When Hale first joined Afin Bank, he was part of the team that helped to launch the bank in July. His new role will require him to develop and deliver its…

The Government’s forthcoming Your First Home scheme will not eliminate the reliance of first-time buyers on financial support from family members, according to analysis by mortgage advisers. Further details of the Your First Home scheme are expected in the Budget later this month. The initiative will provide a Government-backed equity loan for first-time buyers purchasing…