Author: IA PressRoom

Few office activities are drearier than claiming expenses. All that remains of a swashbuckling sales trip or ego-boosting conference speech is a pile of crumpled receipts. US travel software company Navan aims to reduce the misery. The universal appeal of that proposition — and the pixie dust of an OpenAI tie-in — may embolden Navan to revive the moribund market for US initial public offerings.The Palo Alto-based company survived the collapse in travel during the pandemic. It is growing quickly as trips return and has filed to go public. Business travel is forecast to reach pre-pandemic levels by the end…

© Reuters PayPal (PYPL) stock pops as Mizuho says pricing concerns ‘largely overblown’, buy on weakness Mizuho analysts reiterated a Buy rating and a $92 per share price target on PayPal (NASDAQ:), following the recent stock underperformance. The analysts remind investors that PYPL shares have underperformed tech-heavy in the last 3 weeks. They believe investors are growing increasingly concerned about the pricing compression. “Our analysis helps bridge ~9bps (or ~75%) of the ~12bps net transaction take rate decline (i.e. from 98bps in 1Q22 to 87bps in 1Q23). While the remainder could potentially be due to lower pricing, we believe that it…

Republican House Speaker Kevin McCarthy’s debt ceiling bill is advancing to a key committee Tuesday in its first test of GOP support. The House Rules Committee is scheduled to convene at 3 p.m., and a number of conservative members are expected to challenge the agreement to raise the government debt ceiling and set federal spending limits negotiated by the most senior House Republican himself. The committee will vote on sending the bill to the full House for a vote, expected to take place Wednesday. Three conservative on the committee, Reps. Chip Roy, R-Texas, Ralph Norman, R-S.C., and Thomas Massie, R-Ky., all members of…

BurgerFi appoints seasoned restaurant executive Carl J. Bachmann as CEO

Workers will probably need to go all in on artificial intelligence. Companies are looking at ways to implement tools like ChatGPT into their products and workflows. Employees who are slow to adapt may risk being superseded by more adventurous colleagues. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Anxiety about AI is pretty commonplace right now in tech as workers see their jobs threatened by it and senior industry figures warn of its impact.But pretty much anyone with a job, beyond just tech, will need to…

© Reuters. FILE PHOTO: A woman walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo By Anant Chandak and Vivek Mishra BENGALURU (Reuters) – The Reserve Bank of India (RBI) will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023 as it waits to see the economic impact of a series of hikes over the past year, a Reuters poll of economists found. Despite hitting an 18-month low of 4.70% in April, inflation was not expected to fall to the…

© Reuters. FILE PHOTO: Travelers wait at John F. Kennedy International Airport in New York City, U.S., April 6, 2023. REUTERS/Eduardo Munoz/File Photo WASHINGTON (Reuters) – The Transportation Security Administration screened nearly 9.8 million passengers over the four-day Memorial Day weekend – about 300,000 more than over the same holiday period in 2019, the agency said on Tuesday. The agency said it screened 2.74 million passengers on Friday alone, the highest number in a single day since November 2019. Friday’s traffic topped the prior recent high that had been set on Thursday and the entire weekend topped pre-COVID traffic.

© Reuters. FILE PHOTO: The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, September 28, 2016. REUTERS/Ramzi Boudina// LONDON (Reuters) – Mixed signals by major OPEC producers and their main allies have sparked volatility in oil prices ahead of an OPEC+ oil policy meeting set to take place this weekend. and U.S. West Texas Intermediate (WTI) futures ended last week over 1.5% higher, but fell by over 1% at 1047 GMT on Tuesday. OPEC+, which groups the Organization of the Petroleum Exporting Countries with Russia and…

Source: TradingViewThe XRP price has gained by 5% in the past 24 hours, reaching $0.502702 upon growing expectation that Ripple will win its long-running case against the SEC.XRP’s current level represents an 8% rise in a week and an 18% increase in the past fortnight, with the altcoin also having risen by 47% since the beginning of the year.This appreciation has happened in the context of signs that the Ripple-SEC is due to end soon, and the recent release of SEC emails suggests that the ultimate decisions will end up more in Ripple’s favor.As such, XRP could witness a massive…

© Reuters. FILE PHOTO: A man shows off Zimbabwean currency notes outside a grocery store in Harare, Zimbabwe, March 17, 2022. Picture taken March 17, 2022. REUTERS/Philimon Bulawayo HARARE (Reuters) – Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer inflation. The measures include a directive that all government departments collect fees in the local currency, the introduction of a 1% tax on all foreign payments and that all customs duty be payable in local currency, with the…