Nonfarm payroll, employment in all major industries and the unemployment rate “changed little” in September, the Bureau of Labor Statistics (BLS) said Friday (Oct. 2) in its latest employment situation summary. Media reports characterized the numbers as a continuation of the “low hire, low fire” tre...

Wall Street banks are accelerating artificial intelligence hiring as they shift from chatbots to AI agents. Hiring is expanding beyond model builders to engineers who put agents to work across trading desks, compliance units and back-office operations. AI-related job postings at banks including JPMo...

Amazon Web Services (AWS) has announced the public preview of an artificial intelligence-powered service that analyzes the user’s AWS cloud environment and recommends ways to improve its cost, security, performance and resilience, AWS said in a Thursday (Oct. 1) blog post. Dubbed “AWS Well-Architect...

Stablecoins are technically capable of eliminating one of global manufacturing’s oldest financial inefficiencies. The simple, persistent, and compounding friction of money that spends too much time traveling. But turning a three-day supplier payment into a three-minute one exposes a different bottle...

A government watchdog issued a report Wednesday (Sept. 30) saying that it had recommended that the Consumer Financial Protection Bureau (CFPB) secure hardware assets that it left at former regional offices it vacated in early 2025. The watchdog, the Office of Inspector General for the Board of Gover...

Fiserv’s digital asset platform is now live with financial institution clients, the global provider of payments and financial services said in a Thursday (Oct. 1) press release. The platform’s first live use case Bank of North Dakota’s Roughrider Coin, a dollar-backed stablecoin designed to enable m...

BMO and Mastercard have launched a new embedded commercial payments capability that can be integrated into participating enterprise software platforms in Canada and the United States, BMO said in a Thursday (Oct. 1) press release. When this capability is enabled in a platform, BMO’s eligible Corpora...

Anthropic aims to start the formal marketing for its initial public offering as soon as the week of Nov. 9 and begin trading before the Thanksgiving holiday, Nov. 26, Bloomberg reported Thursday (Oct. 1), citing unnamed sources. The company is still considering its plans for the IPO, and the timing ...

The biggest mistake merchants could make in agentic commerce may be waiting for one protocol to win. There probably won’t be one. The emerging infrastructure for artificial intelligence (AI)-driven shopping is beginning to look less like the early browser wars and more like the internet stack itself...

A payment moving from one country to another passes through banks, clearing systems and payment networks that operate under different rules. The recipient information used to check the payment and bolster security can be just as fragmented. Payee verification connects some of those far-flung systems...

New York City’s Click-to-Cancel rule took effect Thursday (Oct. 1), making the city the first municipality in the country to implement such a rule, the Office of the Mayor said in a press release. The rule gives New York City new authority to crack down on businesses that make it difficult for consu...

A test drive at Cars24 lasts about an hour. Buyers raise loan worries, point out problems with the car and ask questions the salesperson may not answer well. Much of it used to go unnoticed. The Indian used-car retailer now records those conversations and uses voice AI from ElevenLabs to turn them i...