Thursday, November 28, 2024 | Baltimore, MD
FOLLOW US:

Business

type type type
Baltimore startup Cerebro Capital earns patent on AI tech that predicts bank loans

Cerebro Capital started exploring the possibilities of artificial intelligence long before products like ChatGPT and MidJourney made the technology one of the hottest investments in the country. Now, the Baltimore startup is looking to capitalize on the AI trend after getting a patent for its technology earlier this year and raising millions in new funding. Cerebro’s technology uses AI to help middle market companies predict the structures and terms of loans from different financial institutions.

Major Baltimore grocery store closed to deal with pest issue

A major Baltimore grocery store location is shutting down temporarily while they handle a pest problem. The Harris Teeter in Locust Point at 1801 Whetstone Way is closed. The grocery chain’s director of corporate affairs shared a statement with 11 News Thursday. “Harris Teeter takes the health and safety of our valued customers and associates very seriously and has voluntarily chosen to temporarily close the McHenry Row location while we work to correct a pest issue.

Read More: WBALTV
Moving and storage company Wayforth to lay off 76 in Maryland amid restructuring

A once fast-growing moving and storage company is laying off 76 people in the Baltimore suburbs as part of a restructuring that will see it shutter the majority of its operations across the country. WayForth filed a notice with the Maryland Work Adjustment and Retraining Notification (WARN) log on Wednesday indicating employees of its facility at 7020 Dorsey Road in Hanover will be laid off on Friday. Maryland is just one of the states that will be impacted as WayForth begins shutting down its operations everywhere except Richmond, Virginia, where it is based.

Airlines are adding new routes amid strong demand for travel

Building on strong bookings this summer, American Airlines said Thursday it will add three new European destinations next summer and revive another international route that it last flew in 2019. The announcement comes one day after Delta Air Lines said it will expand service to China later this year. The news from two of the biggest U.S. carriers underscores the airline industry’s confidence that its strong recovery from the pandemic will continue and that planes will remain packed.

Read More: Baltimore Sun
This was captured well waiting for the doctor who was busy at the time
Loyola University Maryland announces plans for nursing program

Loyola University Maryland is the second local college to announce plans for a nursing program. The university said Tuesday it intends to offer a bachelor’s program in nursing “to help address Maryland’s ongoing nursing workforce shortage.” Mercy Medical Center will partner with Loyola to provide clinical placements, other resources and support.

 

University System of Maryland workers rally for better wages, safer working conditions

Over 100 unionized workers from the University System of Maryland rallied in College Park on Wednesday in a call to return to the bargaining table to address their job concerns, such as pay that they say neglects to keep up with the rising cost of living. The employees are represented by the American Federation of State, County and Municipal Employees Council 3, which counts nearly 45,000 public service workers as members.

Read More: Baltimore Sun
Bowie Regal Theater Closes as Part of National Trend

Prince Georgians have had the option of stopping by the Regal movie theater when they finished their shopping at Bowie Town Center to see the summer blockbuster of their choice for well over a decade. However, Regal 14 shuttered its doors for good in late April, leaving behind memories of past viewings— from the Harry Potter to the Avengers series.

Latest snapshot: MGM National Harbor ranked No. 2 casino outside of Nevada for revenue

Commercial gaming, which includes slots and table games at casinos and legal sports wagering, totaled $16.07 billion in the U.S. in the second quarter of 2023, according to the American Gaming Association. The 8.1% increase in year-over-year growth during the second quarter marks the tenth consecutive quarter of annual growth. Coupled with the first quarter, commercial gaming totaled $32.7 billion, the strongest six months ever.

 

Read More: WTOP
Black Women Lag in Equal Pay Status: Study

A recently released study said the wealth gap between nonwhite and white families has increased by $40,000 since the March on Washington took place on Aug. 28, 1963. The study was conducted by the Federation of Protestant Welfare Agencies, an anti-poverty, policy, and advocacy organization based in New York City. The organization’s CEO, Jennifer Jones Austin, said the gap is disturbing, noting the observance of a day — July 23 — dedicated to African American women workers getting their fair share of pay.

 

Job protections based on sex or gender identity do not extend to sexual orientation, Maryland’s top court rules

The Maryland Supreme Court has ruled that state law grants certain job protections to workers on the basis of their sex and their gender identity, but the law does not extend the same protections to people based on their sexual orientation. Its 4-3 ruling Monday is the latest development in a federal lawsuit in which a man who works for Baltimore-based Catholic Relief Services alleges the charity broke the law when it cut off his husband’s health care coverage in October 2017.

Read More: Baltimore Sun

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.