Several major US banks, including JPMorgan Chase, Wells Fargo, and Morgan Stanley, have announced their intention to raise their quarterly dividends after successfully completing the Federal Reserve’s annual stress test. JPMorgan plans to increase its payout from $1 to $1.05 per share starting in the third quarter, pending board approval. According to JPMorgan CEO Jamie
Members of Hollywood’s Teamsters Local 399 have overwhelmingly voted to ratify two contracts with the Association of Independent Commercial Producers (AICP), effectively avoiding a threatened strike. The local’s principal officer, Lindsay Dougherty, had previously warned that they would take a “commercial break” if the AICP did not offer a fair contract, stating that they would
Canada’s Department of Justice has recently expressed concerns regarding Microsoft’s acquisition of Activision Blizzard, stating that the deal is likely to result in reduced competition in certain areas of the gaming industry. This information was revealed in a court filing on Thursday, which included a letter from the department to Microsoft’s US lawyers. The letter,
Renowned actor William Baldwin took part in the Taormina Film Festival, where the world premiere of Francesco Cinquemani’s latest family film, “Billie’s Magic World,” took place. Set against the stunning backdrop of Taormina’s Ancient Greek amphitheater, the movie features Baldwin as a child-snatching villain, alongside Irish actress Elva Trill. The antagonist, evil Lord Domino, is
Inflection AI, a startup in the artificial intelligence (AI) sector, has announced that it raised $1.3 billion in funding. The investment comes from a variety of sources, including Microsoft and Nvidia, and values the company at $4 billion. Inflection AI, founded by Mustafa Suleyman and Reid Hoffman, focuses on developing consumer-facing AI products and is