A JPMorgan model for forecasting job creation in the U.S. economy predicts another weak number for September, on the back of a reduction in consumer spending in sectors like travel and leisure. The predictive model, created by the bank’s quantitative research team, projects September’s nonfarm payrolls number to come in at 333,000. While that would be…
JPMorgan Predicts Weak Jobs Recovery as Fed Officials Mull Policy Moves Around Stimulus
Regulators Not up to Speed on Banks’ Digital Marketplaces, EU Watchdog Says
September 21, 2021
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applebanksBusiness & EconomyCitiCompaniesdigitalEconomiesEUEuropeGoogleMarketplacesMedia & Big TechregulatorsTechTech NewswatchdogWorld
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LONDON—Regulators have little understanding of risks from banks creating digital marketplaces with tech companies and a framework is needed to spot potential contagion if things go wrong, the European Union’s banking watchdog said on Tuesday. The European Banking Authority’s warning is the latest sign that financial regulators are starting to pay more attention to Big…
London Cab Firm Addison Lee to Go Fully Electric by 2023
Cab company Addison Lee has pledged it will operate only electric vehicles from 2023. The London firm said it is investing £160 million ($ 219 million) to shift its 4,000-strong fleet to electric. This will involve putting 200 Volkswagen ID.4 vehicles on the capital’s roads every month from November. The commitment is the largest single…
UK Government Rules out Bailout for ‘Badly Run’ Energy Firms
The British government has said it has no intention to bail out energy firms that are struggling amid rising wholesale gas prices. Wholesale gas prices have increased by 250 percent since January, with a 70 percent rise since August alone, leading to the demise of some smaller energy firms. Business Secretary Kwasi Kwarteng said on…
Houston Officer Killed, Another Wounded While Serving Warrant
September 21, 2021
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Crime and IncidentsHoustonLocal NewsofficerRegional-Local NewsSouthern CaliforniaUSUS NewswarrantWilliam Jeffrey
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HOUSTON—A Houston police officer was killed and another was wounded Monday morning during a shooting that also killed a 31-year-old man whom the officers were attempting to arrest on drug charges, authorities said. The veteran officers were each shot multiple times while attempting to serve an arrest warrant at an apartment complex on the city’s…
Houston Officer Dead, Another Wounded While Serving Warrant
September 21, 2021
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Crime and IncidentsHoustonLocal NewsofficerRegional-Local NewsSouthern CaliforniaUSUS NewswarrantWilliam Jeffrey
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HOUSTON—A Houston police officer was killed and another was wounded Monday morning during a shooting that also killed a 31-year-old man whom the officers were attempting to arrest on drug charges, authorities said. The veteran officers were each shot multiple times while attempting to serve an arrest warrant at an apartment complex on the city’s…
UK Defence Ministry Investigates Afghan Interpreters Data Breach
The UK’s Ministry of Defence (MoD) confirmed on Monday that it had launched an investigation following a data breach that could compromise the safety of more than 250 Afghan interpreters waiting to move to the UK. The MoD also apologised for the incident after it was reported in media outlets. “An investigation has been launched…
Photos Show Sheriff’s Deputies Folding American Flag Saved From Barbwire Fence After Hurricane Ida
After Hurricane Ida left hundreds of thousands of Louisianans without power, and rendered over 10,000 homeless, one dad from Old Mandeville witnessed a site for sore eyes, offering some comfort. Businessman Shane Mutter, 42, was driving with his kids along Florida Street in St. Tammany Parish, en route to check on their home, when he…
SoftBank Leads $680 Million Funding Round in NFT Fantasy Soccer Game Sorare
September 21, 2021
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Asia & PacificBusiness & EconomyCompaniesEuropefundinggameGerard PiqueInvestmentNFTRio FerdinandSoccerSoftbankSorareSportsSports NewsWorld
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LONDON—Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, with players including ex-England international Rio Ferdinand and Spain’s Gerard Pique also investing, the company said on Tuesday. Paris-based Sorare said the investment valued the company at $4.3 billion. Founded in 2018, Sorare is an online game where players…
Group of 30 US State Attorneys General Urge Lawmakers to Tighten Antitrust Laws
A bipartisan group of 30 U.S. state attorneys general have come together to urge lawmakers to pass a number of bills that tighten antitrust laws aimed at Big Tech companies. In a letter sent to leaders of the Senate and House of Representatives (pdf), the group urged them to continue making improvements to the antitrust laws via a range…
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