Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index. The pantheon lost 2.7%, despite rumors of deal-making, despite economic data that showed a surprising resilience in consumer spending. Rallies proved short-lived, as Fed chairman Jerome Powell...
Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not be affected by expected new rules requiring banks to keep more capital in the wake of bank collapses in March....
Are we entering the age of the machine? As sci-fi-styled hardware and futuristic software advance together nearly in step, observers could be forgiven for wondering if we’ll find out in this lifetime whether human-like androids do, actually, dream of electric sheep. Emerging and innovative technology...
Bankrupt Bed Bath and Beyond Inc. is expected to sell its intellectual property and some of its digital assets to online retailer Overstock.com Inc. for $21.5 million, according to court documents filed Thursday in U.S. District Court. Pending court approval at a hearing on June 27, the...
Amazon Web Services (AWS) has launched a program to help customers accelerate their implementation of generative artificial intelligence (AI). The new AWS Generative AI Innovation Center will connect the company’s AI and machine learning (ML) experts with customers and partners around the globe, AWS said in a Thursday...
Sezzle has launched a subscription-based service that lets shoppers use its Virtual Card anywhere Visa is accepted. The new Sezzle Pay Anywhere product is designed to give additional choice and flexibility along with access to responsible financing for consumers who have had difficulty accessing financing, Sezzle said in a Thursday...
Reports that Amazon, among other U.S. tech companies, might be interested in British grocery technology company Ocado Group could mean a dramatic shift in the U.S. eGrocery space — and in retail overall. On Thursday (June 22), after United Kingdom news outlet The Times published...
Fast-fashion retailer Shein reportedly plans to enhance its market presence in Europe and Mexico. The company aims to expand its offering of locally manufactured products, signaling a shift toward diversifying its China-centered supply chain, per a Thursday (June 22) Bloomberg report. This month, the company...
French banking entity CACEIS Bank has obtained Digital Assets Service Provider (PSAN) status. With this registration granted by France’s Financial Markets Authority (AMF), the bank can offer digital asset custody services to third parties, CACEIS Bank said in a Thursday (June 22) press release. “In practical terms, we will provide secure...
