IBM will no longer develop or research facial recognition tech

He also voiced his concerns for racial bias found in AI systems
Tags: News, Trends, Computing, Ibm, Facial Recognition

‘We fixed the treadmill’ — Crew Dragon’s Doug and Bob chat from space

Watch SpaceX's first-ever Crew Dragon astronauts speak to earthlings
Tags: Space, Spacex, News, Trends, International Space Station, Bob, Iss, Space Station, Doug, Doug Hurley, Bob Behnkn

Online used car seller Vroom raises $467.5 million in upsized U.S. IPO

Online used car seller Vroom Inc raised $467.5 million in its U.S. initial public offering, the company said on Monday, as the IPO market picks up momentum after the COVID-19 pandemic placed many debuts on hold.
Tags: Money, businessNews, Vroom, Vroom Inc

Global Markets: Asia stocks extend rally as economic recovery hopes boost confidence

Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
Tags: Asia, Money, businessNews

IBM exits facial recognition business, calls for police reform

International Business Machines Corp disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to pursue justice and racial equity, new Chief Executive Officer Arvind Krishna said.
Tags: Money, Congress, businessNews, Ibm, International Business Machines Corp, Arvind Krishna

Asia stocks extend rally as economic recovery hopes boost confidence

Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
Tags: Asia, Money, businessNews

Two thirds of Wellingtonians want to work from home more

A survey undertaken by Wellington City Council reveals two thirds of people want to work from home more following Covid-19. The City Recovery Insights survey canvassed more than 2000 people last week. Preliminary results show... [Author: [email protected]]
Tags: Business, Wellington City Council

Hyundai Development wants to renegotiate Asiana Airlines acquisition after debt surge

South Korea's Hyundai Development Co said on Tuesday it wants new terms for its acquisition of Asiana Airlines after debt at the troubled carrier increased by some $3.8 billion. Since then, however, Asiana Airlines recognised an additional 2.8 trillion won of debt as of end-2019 and borrowed 1.7 trillion won more, Hyundai Development said in a statement. The unexpected increase, the carrier's failure to discuss the situation with Hyundai Development before incurring more debt and i...
Tags: South Korea, Business, News, Hyundai Development Co, Asiana Airlines, Hyundai Development

Edited Transcript of EYPT earnings conference call or presentation 6-May-20 12:30pm GMT

Q1 2020 EyePoint Pharmaceuticals Inc Earnings Call
Tags: Business, News, EyePoint Pharmaceuticals Inc

China's troubled Baoshang rescue exposes fault lines in bank reform drive

In May 2019, China's central bank announced a shock takeover of a lender, its first such move in 20 years, citing "serious credit risks". Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.
Tags: Business, News, China, Baoshang Bank

Traffic volumes rebound quickly as economy gets back in gear

Heavy traffic rebounded sharply last month and, was just 7.8 per cent lower than May 2019, ANZ's monthly Truckometer Index shows.The month of May included 13 days of Level 3 lockdown and 18 days of Level 2. A further increase... [Author: [email protected]]
Tags: Business

Edited Transcript of HTZ earnings conference call or presentation 12-May-20 12:30pm GMT

Q1 2020 Hertz Global Holdings Inc Earnings Call
Tags: Business, News, Hertz Global Holdings Inc

Dollar wallows as focus shifts to Fed meeting

The dollar nursed losses on Tuesday as surging commodity currencies paused for breath and a rising yen pointed to investor trepidation over the U.S. Federal Reserve's next move. The yen extended big overnight gains to a week-high 108.03 per dollar as investors weigh the possibility of stepped-up bond buying - or even simply a very dovish outlook - from the Fed which meets on Tuesday and Wednesday. At the same time the Australian and New Zealand dollars swiftly retreated from milestone pe...
Tags: Business, News, New Zealand, Fed, U S Federal Reserve

Alibaba says cloud unit to recruit 5,000 staff globally this financial year

Alibaba Group said its cloud unit aims to recruit 5,000 staff globally from now until the end of this financial year, in areas including network, database, servers, chips and artificial intelligence, it said in a statement on Tuesday.
Tags: Money, businessNews, Alibaba, Alibaba Group

Online used car seller Vroom raises $467.5 million in U.S. IPO

Online used car seller Vroom Inc said on Monday it raised $467.5 million in its initial public offering as appetite for new stocks rebounds after the COVID-19 pandemic put many debuts on hold.
Tags: Money, businessNews, Vroom, Vroom Inc

Why GasLog, Frontline, and Nordic American Tankers Stocks All Popped Today

LNG carrier GasLog (NYSE: GLOG) closed the day 17.2% higher. This, too, could be a reason for why cheaper oil might seem to benefit oil tanker stocks -- and LNG tanker stocks as well, if one assumes that demand for one form of energy will roughly track demand for another.
Tags: Business, News, GasLog NYSE

Tax claims now allowed for some TS Cristobal damages

Tropical Storm Cristobal made landfall Sunday evening in Louisiana. Even though it quickly weakened to a tropical depression, it still is dumping copious amounts of rain across the Pelican State. The potential for flooding was part of the reason that the White House on Sunday, June 7, issued a federal disaster declaration for Louisiana. That decision allows the federal government to help pick up some of the state's disaster response costs. It also will give those who sustained Cristobal-related...
Tags: Taxes, White House, Time, Louisiana, Sam, Irs, Federal Emergency Management Agency FEMA, Internal Revenue Service, Cristobal, Volunteer Income Tax Assistance VITA, TCJA

A Time For Pause

  In 1 week-two of my well-respected colleagues and friends have passed away. Thank you, Barbara Giamanco and Jason Jennings for the contributions you’ve made in the field of sales & leadership. Every day I’m coaching someone around rebuilding a lost business, finding a new career & supporting those who’s friends & family members have died during this pandemic. It’s been an emotional week. And, I’m sad. And I’m supposed to be the voice of positivity, insight and coaching! I share this beca...
Tags: Sales, Jason Jennings, Sales Coaching, Keith Rosen, Barbara Giamanco

Crowdlending – The New Investment Type You Should Know About

As technology and advances and develops, it consistently leads to new ideas and concepts. Some are better than others but the amount of innovation and creativity to be seen within technology is nothing if not inspiring. While some new trends aren’t worth your time, there are others that certainly are and one of these is crowdlending. What is crowdlending? In short, crowdlending is a way of investing money by lending it out to others. In other words, you as a private investor will take the pos...
Tags: Startups, Investing, Others, Crowdlending

Finally, Commercialization of Wafers of Carbon Nanotube Transistor Chips

Carbon nanotube field-effect transistors or CNFETs can now be made 1100 times faster so significant commercialization will finally happen. CNFETs are more energy-efficient than silicon field-effect... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Innovation

Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge

Macy's Inc said on Monday it raised a total of $4.5 billion (3.54 billion pounds), including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
Tags: Money, businessNews, Macy, Macy s Inc

New Zealand business confidence recovers slightly in June, ANZ survey shows

New Zealand business sentiment improved slightly in June as the country lifted a lockdown after having largely contained the coronavirus outbreak, a preliminary reading of an ANZ Bank survey showed on Tuesday.
Tags: Money, businessNews, New Zealand, ANZ, ANZ Bank

Oil prices rise on optimism easing of lockdowns to spur fuel demand

Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing. Brent crude futures rose 1.4%, or 56 cents, to $41.36 a barrel. "With Brent holding very nicely above $40, there's talk among traders that WTI will test that level soon," said Michael McCarthy, chief market strategist at CMC Markets.
Tags: Business, News, Cmc, Michael McCarthy

Shares of Macy's surge on $4.5B secured in new financing

Macy's new financing includes $1.3 billion of 8.375 percent senior secured notes and a new $3.15 billion asset-based credit agreement.
Tags: Finance, Article, Macy, FBN, Fbn/markets, FOXBusiness, Fox-business/industries/retail, Lucas Manfredi, Fox-business/money, Fox-business/organization/macys, 45af40f6-15af-5ba8-8ccc-7caa5dccc0d0

Cathay Pacific, major shareholders Swire and Air China halt trading in Hong Kong

Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending announcements.
Tags: Hong Kong, Money, businessNews, Cathay Pacific, Swire Pacific Ltd, Air China, Cathay Pacific Airways Ltd, Air China Ltd

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