The recent proposal by the Federal Deposit Insurance Corporation (FDIC) for stricter record-keeping standards among banks engaging with financial technology (fintech) applications stems from a critical need to bolster consumer protection. The collapse of Synapse, a tech firm supporting several fintech applications, showcased substantial vulnerabilities in the fintech landscape. This incident locked thousands of Americans
Business
In a significant turn of events for the auto industry, the United Auto Workers (UAW) union has escalated its conflict with Stellantis by filing federal unfair labor practice charges. The core of the allegations lies in Stellantis’ purported efforts to shift the production of the Dodge Durango out of the United States, a move that
In a significant response to ongoing labor unrest, Boeing has unveiled a series of cost-cutting measures aimed at preserving financial stability in the face of a strike impacting over 30,000 factory workers. The decision to implement a hiring freeze, restrict nonessential staff travel, and curtail supplier spending underscores the company’s recognition of the urgency to
Cancer cachexia is an agonizing condition that affects millions of patients worldwide, characterized by significant weight loss, muscle depletion, and declining functional capacity. It is estimated that around 9 million people globally suffer from this debilitating syndrome, with 80% of cancer patients experiencing it expected to succumb within a year of their diagnosis. The condition
The recent agreement between DirecTV and Disney to restore access to Disney’s channels, including ESPN, marks a significant moment in the ongoing evolution of media distribution. For nearly two weeks, over 11 million DirecTV customers found themselves staring at blank screens where popular sports events and entertainment were supposed to be. This standoff, which began
In a significant advancement for labor relations in the airline industry, flight attendants at American Airlines have ratified a new five-year contract that promises substantial pay increases and retroactive compensation. The agreement, endorsed by a remarkable 87% of voting members of the Association of Professional Flight Attendants (APFA), stands as one of the most noteworthy
The sports betting industry is rapidly becoming an integral part of modern sports culture, with industry leaders predicting continuous growth in the near future. During a recent CNBC x Boardroom’s Game Plan sports business event, executives from prominent companies such as FanDuel, Fanatics, DraftKings, and Sportradar discussed a variety of topics ranging from state taxes
Major League Baseball is currently undergoing a significant transformation from being a regional sport to a more national one. This shift in mentality was emphasized by MLB Commissioner Rob Manfred during a recent CNBC x Boardroom event. According to Manfred, in order for the league to grow and reach its full potential, there needs to
As voters anticipate the first debate between Vice President Kamala Harris and former President Donald Trump, the focus will be on gaining clarity about their plans for key issues such as the economy, inflation, and job growth. One sector that is particularly feeling the impact of this uncertainty is clean energy. While the Biden administration
The National Football League (NFL) has been making significant strides in reaching a wider audience through strategic streaming partnerships with media companies. Hans Schroeder, the NFL’s executive vice president of media distribution, highlighted at a recent sports business event that the league’s exclusive streaming deals have been instrumental in growing its fanbase. With the landmark