Block, a prominent global technology company focusing on financial services, has unveiled significant advancements in its bitcoin mining project today. The company has successfully completed the development of their three-nanometer (nm) bitcoin mining chip and is now in the final stages of producing the design with a leading global semiconductor foundry. This achievement marks a…
Yuichiro Chino/Moment via Getty Images A new round of regional banking woes erupted in late January when New York Community Bancorp (NYCB) reported a Q423 loss of over $250 million and cut its dividend, partly attributed to writing off bad commercial real estate (CRE) loans. Banks with high CRE/Tier 1 capital ratios (over 300%) are…
Ryder System, Inc. (NYSE:R) Q4 2023 Earnings Call Transcript February 14, 2024 11:00 AM ET Company Participants Calene Candela – VP, IR Robert Sanchez – Chairman and CEO John Diez – EVP and CFO Steve Sensing – President, Supply Chain Solutions and Dedicated Transportation Solutions Tom Haven – President, Fleet Management Solutions Conference Call Participants…
Community Bank System, Inc. (NYSE:CBU) Q4 2023 Earnings Conference Call January 23, 2024 11:00 AM ET Company Participants Dimitar Karaivanov – President and Chief Executive Officer Joseph Sutaris – Chief Financial Officer Conference Call Participants Alex Twerdahl – Piper Sandler Steve Moss – Raymond James Chris O’Connell – KBW Matthew Breese – Stephens Inc. Operator…
LeoPatrizi/E+ via Getty Images A Single-Control System with the C/C Ratio Only The “C/C” (Cash to Capital) Ratio and the “A-A” (Asset-Allocation) Decision were mutually constrained: in a short term (in a couple of months), the A-A Decision would dictate by rebalancing toward a target allocation, leaving the C/C Ratio disrupted temporarily. while, in a…
IEEE’s influence spans a wide range of sectors, including publications, conferences, technology standards, and professional and educational activities. The Institute of Electrical and Electronics Engineers (IEEE), the world’s largest technical professional organization with over 426,000 members across 160 countries, has taken a pioneering step towards enhancing the security and efficiency of its credentialing system. In…
Sean Gallup Just a month ago I wrote about how financial discipline is taking hold at Shopify (NYSE:SHOP). A week later I wrote about how Shopify blew earnings estimates out of the water. Shopify has turned out to be a bonanza for fellow shareholders over the past month. And honestly, I think the good times…
JayLazarin In March 2023, the U.S. banking system hit a bump in the road. Several commercial banks failed and the Federal Reserve, even while it continued its program of quantitative tightening, worked with the banking system in order to keep the U.S. financial system working and the U.S. economy growing. In keeping the banking system…
Leaks suggest that players may earn and trade in-game cryptocurrency as part of their gameplay experience, potentially including Bitcoin (BTC) as a payment method and reward token. Fans and investors are buzzing with excitement as Rockstar Games, a division of Take-Two Interactive Software Inc, is rumored to be gearing up for the announcement of the…
Xiaomi’s founder and chairman of the board Lei Jun said it took approximately 5000 software engineers’ combined efforts to develop the new operating system. Chinese smartphone maker Xiaomi has announced the launch of its cutting-edge operating system HyperOS after five years of dedicated hard work and research. The new OS, unveiled Thursday during the company’s…
Landstar System, Inc. (NASDAQ:LSTR) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Jim Gattoni – President and CEO Jim Todd – CFO Joe Beacom – VP, Chief Safety & Operations Officer Conference Call Participants Scott Group – Wolfe Research Jason Seidl – TD Cowen Jack Atkins – Stephens Inc. Stephanie…
Expectations are high for the continued work that Meta is putting into unraveling the mysteries of the brain. Meta may be on the verge of a groundbreaking achievement with its AI-powered system that scans the human brain. According to a recent blog post by Meta Platforms Inc (NASDAQ: META), the artificial intelligence system employs a…
Columbia Banking System, Inc. (NASDAQ:COLB) Q3 2023 Earnings Conference Call October 18, 2023 5:00 PM ET Company Participants Jacque Bohlen – Investor Relations Director Clint Stein – President and Chief Executive Officer Ron Farnsworth – Chief Financial Officer Frank Namdar – Chief Credit Officer Chris Merrywell – President, Umpqua Bank Tory Nixon – President, Umpqua…
Starting from early November, Community Points will no longer be available. It means that beta participants will no longer see their points in their Vaults, and will no longer earn points in their communities. American social news aggregation, content rating, and discussion platform Reddit has announced its decision to discontinue Community Points – a blockchain-based…
Saudi Arabia and Chinese universities to work on AceGPT, an Arabic-focused AI system based on Meta’s LlaMA2, designed as an AI assistant for Arabic speakers. Every big country on the planet has been spearheading efforts to build new artificial intelligence (AI) systems. Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) has joined forces…
Bitcoin only exchange Bull Bitcoin, has announced that it has expanded its services to enable Costa Ricans and foreigners to buy and sell Bitcoin using SINPE Movil, the country’s primary fiat payment system, in partnership with circular BTC economy project Bitcoin Jungle, according to a press release sent to Bitcoin Magazine. This collaboration not only opens…
According to those familiar with the matter, the new AI system developed by Meta will allow companies to develop services that produce sophisticated text, analysis, and other output. Meta Platforms Inc (NASDAQ: META) is reportedly developing a new open-source AI system that is expected to be more powerful and advanced than the GPT-4 model offered by…
Spanish Broadcasting System, Inc. (OTCPK:SBSAA) Q2 2023 Earnings Conference Call September 8, 2023 11:00 AM ET Company Participants Brad Edwards – IR Albert Rodriguez – President and COO Jose Molina – CFO Conference Call Participants Operator Good day, and welcome to the Spanish Broadcasting’s Second Quarter 2023 Conference Call. [Operator Instructions] Please note this event…
Hero Images Inc/DigitalVision via Getty Images Earlier this year, the banking sector experienced a significant but short-lived crisis. That crisis brought down shares of most every player in the industry. Some firms even collapsed entirely. Since then, many of the financial institutions that were hit experienced a nice recovery, though I have yet to see…
According to some experts, the idea of providing each person with a digital ID that also contains their social traits and other personal information is more akin to the Chinese social credit system. China is proposing a strategy to exert control over people’s activities in the metaverse by developing a scheme that looks like its…
Community Bank System, Inc. (NYSE:CBU) Q2 2023 Earnings Conference Call July 31, 2023 11:00 AM ET Company Participants Mark Tryniski – President and CEO Joseph Sutaris – Executive Vice President and CFO Dimitar Karaivanov – Executive Vice President and COO Conference Call Participants Nick Cucharale – The Hovde Group Steve Moss – Raymond James Alex…
This is an opinion editorial by David Waugh, a business development and communications specialist at bitcoin investing platform Coinbits. A few weeks ago, BlackRock and other major financial firms filed for permission to offer spot bitcoin exchange-traded funds (ETFs). Though the U.S. Securities And Exchange Commission(SEC) stated that these initial filings were inadequate, forcing the…
In an announcement Thursday morning, the Federal Reserve unveiled that its instant payment system, the FedNow® Service, has officially gone live. This tool aims to empower banks and credit unions of all sizes to facilitate instantaneous money transfers for their customers. The Federal Reserve claims that FedNow transactions can be executed 24/7, 365 days a…