Several of America’s regional banks posted robust third-quarter earnings last week amid strong commercial loan demand. And as Reuters reported Friday (Oct. 16), these earnings add to indications that the U.S. economy is still resilient even in the face of increasing borrowing costs. People have...
Elon Musk says his work last year with the White House distracted him from artificial intelligence development at his businesses. “[I] kinda got carried away, basically,” Musk said in an upcoming episode of the new podcast series, “The Builders with Walter Isaacson,” scheduled to premiere...
Anthropic’s co-founder predicts that artificial intelligence could boost America’s economic output by nearly 50% by 2030. That forecast comes from one of the AI startup’s internal models, Jack Clark said Saturday (Oct. 17) at the IMF and World Bank annual meetings in Bangkok. Global cooperation...
A banana-shaped heel is an unusual place to look for evidence of consumer spending discipline. But in luxury retail, financial restraint can apparently come with very adventurous footwear. There’s growing interest in eccentric designer shoes as shoppers seek alternatives to handbags costing more than $5,000,...
Acorns has expanded its financial education community by acquiring Frich, the company said in a Wednesday (Oct. 14) press release. Frich is a community where young Americans learn about money from each other, while Acorns is a financial wellness company, according to the release. The acquisition brings Frich’s...
As FinTechs scale, they bring banks more deposits, loans, transactions and fees while gaining more choice over which institutions provide the funding and infrastructure behind them. Upgrade facilitated more than $53 billion in credit through a model built with banks and loan buyers when it...
President Donald Trump’s artificial intelligence (AI) task force, the Super Intelligence Force, will commission a report from the President’s Council of Advisors on Science and Technology to evaluate potential dangers of the technology, Bloomberg reported Thursday (Oct. 15), citing a White House account of a meeting. Thursday’s meeting was...
The hardest job at a Taco Bell during the dinner rush is the headset. One worker takes orders from a line of cars, repeats them back over road noise and fields the complaints when a Crunchwrap comes out wrong. At more than 890 Taco Bell...
A Meta and Apple partnership wasn’t on anyone’s 2026 bingo card. On Thursday (Oct. 15), the two companies, who spent most of a decade fighting over user data, announced they had worked together to run Meta’s newest AI model on Apple’s desktops. Meta released Muse...