Category: PMN Business

Nov 21

Bank makes hundreds of millions in loans available to assist Helene recovery in North Carolina

Article content CHARLOTTE, N.C. (AP) — Truist Financial Corporation has announced that it is making hundreds of millions of dollars in loans available to residents, businesses and local governments affected by Hurricane Helene in North Carolina. The Charlotte-based bank said in a news release Wednesday that it will lend more than $650 million and offer […]
Nov 21

SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down

Article content Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies, will step down from his post on January 20. Gensler pushed for changes that he said protected for investors, but the industry and many Republicans bristled at what they saw as overreach. President-elect Donald Trump had promised during […]
Nov 20

US gathers allies to talk AI safety, Trump’s vow to undo Biden’s AI policy overshadows their work

Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Matt O’brien Published Nov 20, 2024  •  2 minute read Article content President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term. What that actually means for […]
Nov 19

Why Being Climate ‘Positive’ Is the Buzzy New Goal of Green Building

Breadcrumb Trail Links PMN Business Architects and developers are reaching beyond net zero, designing structures they hope do more good for the environment than bad. But determining whether that’s true is far from easy. Author of the article: Bloomberg News Olivia Rudgard Published Nov 19, 2024  •  7 minute read Article content (Bloomberg) — The three […]
Nov 19

Founder of artificial intelligence company used by schools in Los Angeles, NYC, Atlanta is arrested

Article content NEW YORK (AP) — The founder of an artificial intelligence company that supplied school districts in Los Angeles, New York and Atlanta with a chatbot to create learning plans for students was arrested on fraud charges Tuesday, accused of spending investor money on herself as her company spiraled into bankruptcy. Joanna Smith-Griffin, 33, […]
Nov 18

Trafigura Paid Bribes Via ‘Mr. Non-Compliant,’ Swiss Prosecutors Say

Breadcrumb Trail Links PMN Business Trafigura Group was accused by Swiss prosecutors of channeling bribes to an Angolan official through a network of former employees, including one nicknamed “Mr. Non-Compliant” by the company’s late founder. Author of the article: Bloomberg News Hugo Miller, Jack Farchy and Archie Hunter Published Nov 18, 2024  •  6 minute […]