Amazon completed a $50 billion investment in OpenAI that the two companies announced in February. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
New York State is upping the ante in the battle over regulation of prediction markets. Attorney General Letitia James on Friday (July 31) filed a lawsuit against Kalshi in New York Supreme Court in Manhattan, claiming the platform is operating an illegal gambling business. Get the...
The latest data on spending shows it continues to outrun income growth as higher prices absorb more of the household budget. June offered another example: The Personal Consumption Expenditures reading for that month indicated that consumers increased their spending 0.3% from May while personal income,...
Bank of America plans to enhance its cybersecurity capabilities in the United Kingdom and globally by acquiring England-headquartered information security specialist MDSec Consulting Limited. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Commodity Futures Trading Commission (CFTC) has sued to stop New York’s attempt to halt the operations of prediction market Kalshi, which was announced Friday (July 31). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
For years, the elevator pitch for B2B payments modernization was speed. Faster approvals. Faster settlement. Faster reconciliation. Faster access to working capital. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A bipartisan group of senators is advancing legislation that would require the federal government to collect more detailed information about how artificial intelligence is changing the workplace. The bill’s sponsors argue that policymakers need better data to prepare workers for an AI-driven economy rather than...
Circle Internet Trust Company, which does business as Circle New York Trust, has received a limited purpose trust charter from the New York State Department of Financial Services (NYDFS), Circle Internet Group said in a Friday (July 31) press release. Get the Full Story Complete...
A dollar can only stretch so far. For 60 million Labor Economy workers, each trip to the checkout can involve hard choices about what to buy, how to pay and what to leave behind. Get the Full Story Complete the form to unlock this article...
