Alerts
Corporate cash has become one of banking’s most consequential bargaining chips. The third-quarter earnings season is offering chief financial officers a glimpse of what financial institutions are willing to provide to keep it. Third-quarter results from JPMorganChase, Citigroup and Bank of America s...
Eight states have sued OpenAI in their respective state courts, alleging the tech giant failed to implement sufficient safeguards to protect vulnerable users, including children and the elderly. The coordinated lawsuits mark an escalation in the battle by state authorities to impose guardrails on ar...
Cross River Bank now offers Ripple’s U.S. dollar-backed stablecoin, Ripple USD (RLUSD), through its Core Operating System, Cross River said in a Thursday (Oct. 15) press release. This integration establishes RLUSD as an additional payment rail on Cross River’s platform, in the same environment as tr...
Online retail kept taking consumer dollars in September, extending an annual growth rate that outpaced overall retail even as inflation reduced the purchasing power behind the broader sales increase. Sales at non-store retailers, which include eCommerce firms, rose 0.3% from August and 8.2% from Sep...
In 2025, OpenAI earned nearly $3 of revenue for every dollar Anthropic did. Nine months later, Anthropic booked more in a single quarter than it did in all of last year, and it told investors it did so at a profit. That is the case Anthropic made Wednesday (Oct. 14) at a daylong meeting at The post ...
Lyft is hoping to capture opportunities in the corporate travel space with its new Alcove chauffeur network. The new offering, announced Thursday (Oct. 15), will see Lyft continue to serve customers of TBR Global Chauffeuring — a Scottish company it acquired last year — while also serving new corpor...
Retail’s next great efficiency breakthrough may come with an invoice addressed to someone else. As Walmart pushes robotics deeper into its distribution network, and Amazon brings artificial intelligence into consumers’ everyday conversations with new product launches across its Bee wearable line, th...
QuickBooks maker Intuit has announced plans to acquire Series A revenue management company Sequence. The deal, announced Thursday (Oct. 15), is designed to add new revenue management capabilities to Intuit’s financial intelligence system and boost its mid-market offerings. The company says it is not...
Artificial intelligence (AI) infrastructure startup Modal was valued at $15.75 billion in a Series D funding round in which it raised $750 million, CEO Erik Bernhardsson said in a Wednesday (Oct. 14) blog post. Modal’s new valuation is more than triple the $4.65 billion valuation the company achieve...
Digital businesses that don’t keep their promises to consumers can pay a heavy price if caught by the Federal Trade Commission (FTC). Enforcement actions in cases involving unfair and deceptive practices by digital businesses have produced tens of millions of dollars in consumer redress or civil pen...
Federal regulators said some of the largest banks in the United States allowed political concerns to shape who received services. The Office of the Comptroller of the Currency released a 45-page report called “Guaranteeing Fair Banking for All Americans” Wednesday (Oct. 14) on the issue of “debankin...
Revenue assurance platform xfactrs argues that services companies are suffering from “revenue leakage” hiding “in the gaps between what’s sold, contracted, delivered, and billed.” To address this issue, the company announced Wednesday (Oct. 14) that it is expanding its revenue tracking software to s...
