The insurance and accounting professions have long had professional fraternities for college students pursuing those majors. And about three years ago, Mac Gardner, founder and chief education officer at FinLit Tech, created Mu Nu Upsilon, the first professional fraternity for financial planning. The first active chapter started at the University of South Florida, where he…
Experts in AI and tech are cursing in shock after OpenAI’s new revelations about the Hugging Face incident. Earlier this week, OpenAI employees revealed jaw-dropping details about the incident in which OpenAI agents broke out of the company’s internal testing environment and hacked into Hugging Face’s systems in search of answers. The presenters, OpenAI alignment…
The Payments Council of India (PCI) has backed a potential merchant discount rate (MDR) for the Unified Payments Interface (UPI), adding that sustained investment is necessary to run the real-time payments system reliably. PCI is an association of digital payments companies in India. It said small merchants would not have to pay…
By Sammy Hudes That marks the 22nd consecutive month of year-over-year declines in the average cost being sought by landlords, according to the latest monthly analysis from Rentals.ca and Urbanation. Asking rents have now fallen 7.5% over the past two years. However, July’s decrease was the smallest year-over-year drop since February, and prices continue to…
Gold is extending its winning streak to a seven-week high near $4,300 per ounce, driven by geopolitical developments, a sliding dollar, and shifting Federal Reserve rate expectations. Despite recent gains, gold still trades over 20% below its record high of $5,589 per ounce in late January, according to CNBC analysis. Key Takeaways Gold was recently…
PhonePe this week launched a fixed deposit (FD) distribution, which allows users to compare options on offer by partner banks and non-banking financial companies (NBFCs) before booking FDs on its mobile app, the company said in a release. Further, the online payment aggregator has also introduced a Daily Recurring Deposit (SIP) micro-savings product with Shivalik…
Private sector employment rose by 58,000 (+0.4%), while self-employed workers increased by 44,000 (+1.6%). Public sector employment fell by 27,000 (-0.6%). Ontario drives national gains Ontario accounted for the largest provincial increase, adding 52,000 jobs (+0.6%) in July. The province’s unemployment rate fell to 6.8 per cent, down from a recent high of 7.9 per…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks rose on Friday, putting the S & P 500 on pace for a record close thanks to a roughly 3.5% gain for the week. The…
Lebanon and Israel Select Countries for Hezbollah Disarmament Verification Progress and Challenges in Hezbollah Disarmament Talks By Maya Gebeily Shortlist of Countries for Verification Troops BEIRUT, Aug 7 (Reuters) – Lebanon and Israel have agreed a shortlist of countries that could send troops to verify the disarmament of Hezbollah under a U.S.-brokered agreement, a Lebanese…
The Malta Financial Services Authority has warned consumers about an increase in fraudulent schemes targeting crypto-asset holders during the European Union’s transition to the Markets in Crypto-Assets Regulation. In an earlier review, ESMA said the MFSA had adequate resources and expertise but identified areas where it could strengthen its authorisation process for crypto firms. The…