Law Firm Freshfields Weighs Billion-Dollar Spinoff for AI Unit

Law Firm Freshfields Weighs Billion-Dollar Spinoff for AI Unit
Law Firm Freshfields Weighs Billion-Dollar Spinoff for AI Unit
October 14, 2026  |  Artificial Intelligence

Senior partners at global law firm Freshfields have discussed making its in-house legal technology unit, Freshfields Lab, a separate company that could be opened to...

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Fed Finds Consumer Spending Holding as Confidence Slips
Fed Finds Consumer Spending Holding as Confidence Slips
October 14, 2026  |  Consumer Insights

Consumers have kept the economy moving without a boost in confidence about where it is headed. The Federal Reserve’s October Beige Book, released Wednesday (Oct....

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Small Business Lending Looks Beyond Credit Scores to Everyday Business Data
Small Business Lending Looks Beyond Credit Scores to Everyday Business Data
October 14, 2026  |  SMBs

A small business can have a warehouse full of merchandise, a growing order book and packages moving toward customers, and still struggle to qualify for...

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Jamie Dimon Slams the Door on Rogue AI Agents
Jamie Dimon Slams the Door on Rogue AI Agents
October 14, 2026  |  Artificial Intelligence

Artificial intelligence (AI) agents are knocking at JPMorgan Chase’s door, and CEO Jamie Dimon is not letting them in. The bank will not allow unvetted...

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OpenAI Expands Uday Ruddarraju’s Role to Head Compute and Infrastructure Units
OpenAI Expands Uday Ruddarraju’s Role to Head Compute and Infrastructure Units
October 14, 2026  |  Artificial Intelligence

OpenAI’s infrastructure and compute businesses have a new leader, Bloomberg reported Wednesday (Oct. 14). The artificial intelligence company appointed its chief technology officer for compute,...

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Stablecoin Firm Qivalis Moves Closer to Issuing Electronic Money Tokens
Stablecoin Firm Qivalis Moves Closer to Issuing Electronic Money Tokens
October 14, 2026  |  Blockchain

Euro-pegged stablecoin project Qivalis has received permission from the Dutch central bank to operate as an electronic money institution. The authorization from the De Nederlandsche...

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Xfactrs Debuts Tool to Help Services Firms Plug Revenue Leaks
Xfactrs Debuts Tool to Help Services Firms Plug Revenue Leaks
October 14, 2026  |  Back-office

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...

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OCC Report Accuses Banking Giants of Political ‘Debanking’
OCC Report Accuses Banking Giants of Political ‘Debanking’
October 14, 2026  |  Bank Regulation

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...

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FTC Cases Put Digital Businesses’ Promises and Practices Under Scrutiny
FTC Cases Put Digital Businesses’ Promises and Practices Under Scrutiny
October 14, 2026  |  Legal & Regulation

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...

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