February 28, 2024
As GDP Growth Decelerates, All Eyes Are on Consumer Spending

The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some growth, the pace of increase...

February 28, 2024
Mastercard to Launch New Open Banking-Powered Digital Account Opening Experience

Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products. The program will use open banking solutions to streamline and secure the...

February 28, 2024
Bankman-Fried Lawyers Blast ‘Barbaric’ 100-Year Sentence Recommendation

Attorneys for convicted cryptocurrency fraudster Sam Bankman-Fried say their client is “selfless,” “altruistic” and “misunderstood.” In a final bid for leniency, lawyers for the FTX founder are calling for a sentence of five a-and-a-half...

February 28, 2024
Report: Apple Makes Last-Minute Attempt to Halt Antitrust Suit

Apple reportedly made an eleventh-hour attempt last week to stave off a federal antitrust suit. The company and its attorneys met with the U.S. Justice Department to try to convince the agency not...

February 28, 2024
Klarna Posts Narrower Yearly Loss Ahead of Potential IPO

Klarna’s annual report shows the Swedish FinTech’s revenues rising and losses narrowing during 2023. The report, released Wednesday (Feb. 28), comes as the buy now, pay later (BNPL) company is apparently on...

February 28, 2024
Marqeta and AffiniPay Team on Law Firm Spend Management 

Card issuing platform Marqeta has launched a partnership with payments firm Affinipay. The collaboration, announced Wednesday (Feb. 28), will see Marqeta power the pending launch of MyCase Smart Spend — a spend management...

February 28, 2024
Pricing Algorithms and Antitrust Enforcement: Sandboxes to the Rescue?

Pricing algorithms make it easier for businesses dynamically to respond to market tendencies and set prices in an instant manner. In doing so, they can contribute to more efficient price...

February 28, 2024
AI, Algorithmic Pricing, and Collusion

Advances in artificial intelligence and machine learning and their application to pricing decisions have led to concerns that such innovation could lead to higher prices for consumers. In particular, there...

February 28, 2024
Competition & Collusion in a World of Algorithmic Pricing: Antitrust...

Across many industries, businesses rely on algorithmic pricing systems that analyze large volumes of market data to recommend or set prices. For many years, courts have assessed the effects of...