August 2024 - Page 19 of 35

Google’s 0 million initiative to strengthen California newsrooms

24

Aug

Technology

Google’s $250 million initiative to strengthen California newsrooms

In a game-changing move, on August 21, 2024, Google, along with a major news industry group and several key California lawmakers, unveiled a collaborative five-year plan. The initiative, set to inject up to $250 million into the state’s journalism sector, aims to address the financial strain newsrooms face as readers migrate digitally. The funding mix includes contributions from Google, state taxpayers and potentially other private sources. The strategic partnership is designed to circumvent a proposed state law that would require tech giants to compensate news outlets for the use of their content in ads on these platforms. Gov. Gavin Newsom…

Deutsche Bank shares up 4% after settlement of major Postbank acquisition lawsuit

23

Aug

By William Lee

Deutsche Bank shares up 4% after settlement of major Postbank acquisition lawsuit

Deutsche Bank has successfully negotiated settlements with about 60 percent of the plaintiffs in a long-running legal battle over allegations that it undervalued its acquisition of Postbank. That acquisition occurred more than a decade ago. In a recent announcement, Deutsche Bank revealed that it has finalized agreements with more than 80 claimants at a rate of 31 euros ($34.53) per share, as originally offered by the bank. This agreement is expected to positively impact Deutsche Bank's third-quarter pre-tax profit of 430 million euros. By the close of trading at 4.25pm in London, Deutsche Bank shares had risen 3.95%, hitting a…

A Voice for Hope: Geri Taylor’s Fight Against Alzheimer’s Disease

23

Aug

By William Lee

Health

A Voice for Hope: Geri Taylor’s Fight Against Alzheimer’s Disease

Geri Taylor, a role model of courage in the face of Alzheimer's disease, passed away on August 4, 2024, at the age of 81. A former nurse, Taylor's life took a dramatic turn when she was diagnosed with Alzheimer's in 2012. But instead of succumbing to despair, she embraced transparency and became a powerful advocate for others battling the disease. Taylor’s story gained national attention after a groundbreaking 2016 New York Times profile. The article chronicled her journey, highlighting the challenges and unexpected joys of living with Alzheimer’s. Determined to make a difference, Taylor and her husband Jim embarked on…

Peloton introduces a fee for the activation of used equipment

23

Aug

By William Lee

Business

Peloton introduces a $95 fee for the activation of used equipment

Peloton has announced that it will charge a one-time fee of $95 for new subscribers who activate used hardware, responding to the growing trend of purchasing second-hand devices at significantly reduced costs. The introduction of this fee for U.S. and Canadian members coincides with a significant increase in customers purchasing used bikes and treadmills from platforms like Facebook Marketplace. In its most recent fiscal quarter ended June 30, Peloton saw a strong increase in new connected fitness subscribers opting for hardware from secondary markets, marking a 16 percent increase over the prior year. “This trend not only expands our user…

Anticipating Powell’s speech at Jackson Hole: policy changes on the horizon

23

Aug

By William Lee

Business

Anticipating Powell’s speech at Jackson Hole: policy changes on the horizon

Jackson Hole, Wyoming — As the financial community eagerly awaits Federal Reserve Chairman Jerome Powell’s speech on Friday, clarity is expected on the anticipated shift in interest rate policy following the Federal Open Market Committee’s landmark two-day meeting in Washington, DC, last July. Market sentiments and forecasts The consensus among market analysts is that the Federal Reserve is poised to begin cutting interest rates as early as September, with continued adjustments likely through the end of the year and into 2025. While the size and timing of these cuts remain points of debate, Powell’s next speech is expected to shed…

Tim Walz may accept vice presidential nomination at Chicago Democratic Convention

23

Aug

By William Lee

Politics

Tim Walz may accept vice presidential nomination at Chicago Democratic Convention

Chicago/Washington — Tim Walz, Kamala Harris’s pick for vice president, will formally receive his nomination at the 2024 Democratic National Convention in Chicago later today, amid a tense and decisive phase of the election season. As governor of Minnesota, Walz, who is also a military veteran and a labor union supporter, has been instrumental in pushing a progressive agenda in his state. That includes broad abortion rights and significant support for family assistance programs. On the third night of the convention, an event that will also feature a speech by former President Bill Clinton, Walz will officially take the stage.…