S.E.C. Chair Gensler Emphasizes Transparency in Markets

Desy Papper

Gary Gensler is putting transparency in the markets and the need to understand the impact of new technology at the top of his priority list as the new chairman of the Securities and Exchange Commission.

“I think transparency is at the heart of efficient markets,” Mr. Gensler said during his first testimony on Capitol Hill as the nation’s top securities cop.

Mr. Gensler, speaking from his living room, appeared by video before the House Committee on Financial Services to discuss the S.E.C.’s response to the tumultuous trading in shares of GameStop in January. The massive run-up in the stock price

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Worldwide Business Process Automation Industry to 2026

Desy Papper

DUBLIN, May 6, 2021 /PRNewswire/ — The “Global Business Process Automation Market By Component, By Business Function, By Deployment Type, By Enterprise Size, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.

The Global Business Process Automation Market size is expected to reach $19.4 billion by 2026, rising at a market growth of 13.2% CAGR during the forecast period. The utilization of technology to perform repetitive tasks or processes in a business where manual efforts can be substituted is known as business process automation. It is performed with an

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American factories are desperate for workers. It’s a $1 trillion problem

Desy Papper
Even though US manufacturing activity surged to a 37-year high in March, the industry has more than half a million job openings. Factories are struggling to find skilled workers for specialized roles such as welders and machinists. Manufacturers are even having trouble hiring entry-level positions that do not require expertise.

As many as 2.1 million manufacturing jobs will be unfilled through 2030, according to a study published Tuesday by Deloitte and The Manufacturing Institute. The report warns the worker shortage will hurt revenue, production and could ultimately cost the US economy up to $1 trillion by 2030.

“It is deeply … Read the rest

Hampton Roads businesses trying to tap into new Restaurant Revitalization Fund

Desy Papper

The fund opened Monday and almost 200,000 businesses applied in the first two days. There is a $28.6 billion money pot to pull from.

NORFOLK, Va. — More money is up for grabs for small business owners in the food industry and it’s already in high demand.

The Restaurant Revitalization Fund opened Monday and almost 200,000 businesses applied in the first two days. There is a $28.6 billion money pot to pull from.

This time around the focus is on specific types of business owners.

Hummingbird Macarons and Desserts owner Kisha Moore applied for the Restaurant Revitalization Fund first thing

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Credit Agricole Profit Rises on Low Provisions, Strong Trading

Desy Papper

Credit Agricole SA’s profits jumped in the first quarter, as the bank joined European peers in posting a strong trading performance and lower-than-anticipated charges to cover potential loan losses.

Net income rose 64% from a year ago to 1.05 billion euros ($1.27 billion), after Credit Agricole provided 384 million euros against the possibility of souring loans, below the 564.5 million euros estimated by analysts polled by Bloomberg.

The Paris-based lender’s capital markets and investment banking revenue rose 17% to 708 million euros, beating the highest analyst estimate. Credit Agricole’s asset gathering unit, which houses its asset and wealth management operations

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