Fitch Ratings last week upgraded Milwaukee’s issuer default rating and general obligation rating to A-plus from BBB-plus. The outlook is stable. Milwaukee benefited from Fitch’s new rating criteria, rolled out last month, which incorporate most of the credit factors that Fitch has considered historically but include additional analytical factors and now assign specific weightings to
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Municipals were slightly firmer Wednesday as the New York City Transitional Finance Authority came to market with a $1.8 billion deal with small bumps from its retail offering and inflows into exchange-traded funds topped $1 billion. U.S. Treasuries and equities rallied following the consumer price index report that came in softer than expected. April’s CPI
A Pennsylvania pastor is crediting Gods hand of protection after all 100 attendees survived when a tornado slammed into their church building mid-service and damaged the roof and steeple. Members of Crossroads Ministries in Finleyville, Pa., were worshiping Saturday night a few minutes after 6 p.m. local time when the twister passed through town, hitting
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
Loading… Loading… The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes
Loading… Loading… In the ever-evolving landscape of Business-to-Business (B2B) transactions, staying abreast of technological advancements is not just advantageous; it's essential for survival. As businesses navigate the complexities of modern commerce, one innovation stands out as a game-changer: virtual cards. These digital payment solutions are revolutionizing the way B2B transactions are conducted, offering a myriad
Loading… Loading… The performance of the U.S. corporate bond market in the first quarter of the year was generally flat, though there were notable distinctions between the high-grade and high-yield sectors. Bonds issued by companies with higher credit ratings (BBB and above) experienced a slight downward trajectory, as showed by the iShares iBoxx $ Investment
Long look — Weight loss from Wegovy sustained for up to four years, trial shows It’s still unclear how long people will have to stay on the drugs to maintain the effects. Beth Mole – May 14, 2024 11:04 pm UTC Enlarge / Wegovy is an injectable prescription weight loss medicine that has helped people
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
Google on Tuesday unveiled a major overhaul to its flagship search engine that uses AI-generated summaries to displace the links to news stories a move that threatens to deprive traditional media companies of much-needed revenue. The new feature, dubbed AI Overviews, will debut in the US this week and provide answers to queries like How
A group of TikTok creators said Tuesday they filed suit in US federal court seeking to block a law signed by President Biden that would force the divestiture of the short video app used by 170 million Americans or ban it, saying it has had “a profound effect on American life.” The TikTok users suing include a Texas Marine Corps veteran who sells
shuffling the deck — Chief Scientist Ilya Sutskever leaves OpenAI six months after Altman ouster CEO Altman: “OpenAI would not be what it is without him.” Benj Edwards – May 15, 2024 3:05 am UTC Enlarge / An image Illya Sutskever tweeted with this OpenAI resignation announcement. From left to right: New OpenAI Chief Scientist
Loading… Loading… Janover IncJNVR announced that it achieved significant year-over-year growth in lenders on its fintech platform in 2023, providing borrowers access to a broad range of competitive loan products. In 2023, Janover noted a766% growth in banking originator sign-ups, a 647% increase in credit union originator sign-ups, and a 445% boost in the other
Loading… Loading… Editor's note: The headline of this story has been updated to reflect that Interactive Brokers' new desktop product is in addition to, rather than a replacement of, the TWS platform. Interactive Brokers Group Inc IBKR recently launched an updated desktop trading applicationfor Windows and Mac users. Benzinga spoke with Steve Sanders, the firms
Loading… Loading… Frog-themed meme coin Pepe PEPE/USD stormed to an all-time high Tuesday, rendering all of its holders in profit at one point in the day. What Happened: The coin became the largest gainer in the memecoin market in the last 24 hours, and one of the largest in the broader market, with gains of
Loading… Loading… Benzinga spoke with Mehrak Hamzeh, the chief technology officer of AppTech Payments Corp APCX , about the future of fintech. "Fraud prevention and AI are essential," Hamzeh says. "We can monitor behaviors, detect unusual activities like keystrokes or device orientation, flag anomalies, and raise alerts for fraudulent activities." Here's an edited transcript of
Loading… Loading… Shares of video game retailer GameStop Corp. GME have lifted exponentially this week, trumping the worlds largest cryptocurrency Bitcoin's BTC/USD yearly gains in a single day. What Happened: GameStop shares rallied 190% since the week began, according to data from Benzinga Pro, pumped by retail traders' excitement over the return of Keith Gill,
Loading… Loading… In the latest market close, Upwork UPWK reached $11.37, with a +1.25% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.59%. Shares of the online freelance marketplace operator
Seeing Red — Virtual Boy: The bizarre rise and quick fall of Nintendos enigmatic red console How Nintendo took a gamble on a new kind of gaming experience in the ’90s. Benj Edwards and Jose Zagal – May 15, 2024 11:00 am UTC EnlargeBenj Edwards reader comments 0 Ars Technica AI Reporter and tech historian