Corporate news, financial markets, and economic trends
The Federal Reserve Board announced the termination of two enforcement actions involving Wells Fargo & Company. These actions were part of the broader regulatory effort to address concerns about the operations of the bank. Termination marks a significant shift in the relationship between the Fed and Wells Fargo after years of scrutiny and corrective actions….
Evidence of growth is seen within an organization dedicated to service in a community. The American Legion stated that 18 of its departments met or exceeded the 80% membership benchmark established for January 15, 2025. This is an example of the organization’s commitment to growth and service to the community. The states to have surpassed…
Leading cybersecurity agencies from the UK, US, Australia, Canada, and New Zealand today issued comprehensive guidance to enhance digital forensics and protective monitoring in network devices and appliances with the goal of strengthening threat detection and response. A set of new guidance has been published that collaboratively aims at strengthening the cybersecurity defenses of leading…
Researchers have developed a revolutionary self-healing asphalt, using recycled cooking oil and plant-based materials to extend the life of roads and cut maintenance costs. Engineers have invented a brand-new self-healing asphalt that promises to transform road maintenance and durability. The material includes recycled cooking oil along with plant-based constituents that work proactively to heal cracks…
According to the Federal Reserve’s January 2025 Senior Loan Officer Opinion Survey, business loan standards are tightening, household loan standards are unchanged, commercial and industrial loan demand is rising, and residential real estate loan demand is weakening. January 2025 Federal Reserve Survey Mixed Trends in Bank Lending Practices The Federal Reserve’s January 2025 Senior Loan…
In preparation for a major snow and ice storm, the city has launched a detailed preparedness plan with an emphasis on public safety, essential services, and community support. With the city bracing itself for a major winter storm, city officials activated a complete preparedness plan aimed at safeguarding the public and ensuring vital services. Winter…
Discover how companies can benefit business profitability and sustainability through embracing principles of the circular economy in a modern marketplace. Unlocking Business Potential in a Circular Economy With the emergence of sustainability as a staple in corporate strategy, the circular economy opens business opportunities to environmental stewardship and profitability maximization. No longer do linear models…
The U.S. Bureau of Industry and Security released new rules meant to govern worldwide access to frontier AI models and computing power that build them, while finding a balance between innovation and national security. The U.S. Department of Commerce’s Bureau of Industry and Security has unveiled a comprehensive framework controlling the global accessibility and utility…
The FDA warns healthcare providers and patients of critical cybersecurity vulnerabilities in Contec and Epsimed patient monitors, urging them to take immediate risk mitigation measures. The U.S. Food and Drug Administration has published a safety communication regarding the identification of serious cybersecurity vulnerabilities in patient monitors made by Contec and Epsimed. The said devices are…
The Hyde Park Discovery Partnerships of the University of Chicago with Deerfield Management can advance new treatments in commitments worth as much as $130 million. A Hyde Park Discovery is happy to announce a partnership with Deerfield Management that will speed up the discovery of new medicines and treatments that can save lives. During the…
