Crypto Kidnappings Trigger New Wave of Security Measures
A string of kidnappings involving cryptocurrency executives has prompted some unique new security measures. As CNBC reported Saturday…
Revolving Credit Jumped in April as Consumers Loaded up
The paydowns earlier this year were temporary. And as the latest consumer credit data from the Federal Reserve…
Cryptocurrency Platform Gemini Confidentially Files for IPO
Cryptocurrency platform Gemini said Friday (June 6) that it confidentially submitted a draft registration statement with the Securities and Exchange…
Former OpenAI Employees Launch Their Own Startups
A growing number of former OpenAI employees are reportedly launching startups of their own. Like OpenAI, each of the…
Private Sector Job Growth Slows to Lowest Level in 2 Years
Private sector job growth slowed in May, declining to the lowest level seen in two years, ADP said…
Square Adds AI Assistant to Business Technology Platform
Square has launched a conversational artificial intelligence (AI) assistant that can answer sellers’ questions about how to use…
Federal Reserve Reports Second Year of Negative Net Income
The Federal Reserve’s System Open Market Account (SOMA) saw its net income decline for the second year in…
OpenAI Aims to Develop ‘Super-Assistant’
OpenAI reportedly plans to turn ChatGPT into a “super-assistant” that is personalized to each user and available to…
Tariffs Threaten Price Stability and Employment
The U.S. economy remains solid, but tariff-driven uncertainty is complicating the Federal Reserve’s efforts to balance price stability…
Crypto Rulemaking Has FinTech Rushing in, TradFi Waiting to See
Highlights Companies across payments and banking are moving forward with stablecoin initiatives, balancing innovation with regulatory risk in…
Banks ‘Very Interested’ in Stablecoin Use
Payments firm Stripe has reportedly held initial talks with banks about using stablecoins. As Bloomberg News reported Friday…
Retailers Cautious in Descriptions of Tariff-Related Price Increases
Retailers are reportedly trying to answer questions about tariff-related price increases without mentioning price increases. They are doing so as…