Walmart is reportedly considering purchasing a majority share of primary care chain ChenMed. The proposed deal, reported Friday (Sept. 8) by Bloomberg News, would mark Walmart’s largest healthcare foray so far, happening at a time when a number of retailers are expanding their presence in the health space. According...
When was the last time you saw the Yellow Pages? Probably in 2019, since that was the last time it was published. Well, that thick, yellow book, which was created as a business telephone directory and once served as an invaluable tool for consumers seeking...
The Federal Deposit Insurance Corporation (FDIC) has identified supervision shortcomings around the failure of First Republic Bank. In an internal review released Friday (Sept. 8), the FDIC evaluated its supervision of First Republic Bank from 2018 until its failure in May. The review shed light...
The U.S. Congress is reportedly taking steps to address the potential risks associated with the rapid advancement of artificial intelligence (AI). Three hearings are scheduled for next week, bringing together industry executives, leading experts and government officials to shape legislation that aims to protect against...
Eric Schmidt, the former CEO of Google, has reportedly emerged as a powerful force in the world of technology and artificial intelligence (AI). With a fortune of $27 billion, Schmidt has leveraged his wealth and influence to shape public policy and government decisions, Bloomberg reported...
Alibaba Group Holding has reportedly decided to delay the potential initial public offering (IPO) of its grocery chain, Freshippo, in Hong Kong due to weak sentiment for consumer stocks. The company had initially targeted a valuation of $6 billion to $10 billion, but after discussions with potential...
Fraud moves fast, particularly within industries that have historically moved slowly. As legacy sectors like shipping, transportation and logistics begin to trade in the phones and fax machines for digital booking tools and other commercial platform innovations, they inadvertently open themselves up to new fraud...
British neobank Zopa Bank has raised 75 million pounds ($93 million) to fuel its “continuous growth and expansion.” The company has now raised a total of 530 million pounds ($660 million) since its launch in 2020, including 150 million pounds ($187 million) raised this year, Zopa...
Turkey-based grocery delivery company Getir is reportedly raising $500 million in a new funding round. The investment values the company at $2.5 billion, a decrease from its previous valuation of $11.8 billion 18 months ago, the Financial Times (FT) reported Friday (Sept. 8), citing unnamed...
