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NZ Central Bank Head: ‘Stablecoins Are Not Stable’
NZ Central Bank Head: ‘Stablecoins Are Not Stable’
February 12, 2024  |  Cryptocurrency

The head of New Zealand’s central bank is not a fan of stablecoins. Reserve Bank of New Zealand Governor Adrian Orr voiced concerns about the digital...

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Visa Integrates Virtual Corporate Cards With Digital Wallets
Visa Integrates Virtual Corporate Cards With Digital Wallets
February 12, 2024  |  B2B Payments

Visa’s suite of B2B payment solutions now enables financial institutions to add virtual corporate cards to the digital wallets of their clients’ employees.  This new...

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Big Banks See Overdraft Fee Revenues Fall 25%
Big Banks See Overdraft Fee Revenues Fall 25%
February 11, 2024  |  Banking

America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those...

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Biden Calls Out Snack Food Makers Over Shrinkflation ‘Rip-Off’
Biden Calls Out Snack Food Makers Over Shrinkflation ‘Rip-Off’
February 11, 2024  |  Retail

President Joe Biden wants snack food companies to end the practice of shrinkflation. That is the term for when businesses reduce the size of a product without...

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Tech Layoffs ‘Become Contagious’ Amid AI Investments
Tech Layoffs ‘Become Contagious’ Amid AI Investments
February 11, 2024  |  artificial intelligence

Tech firms have cut 34,000 jobs so far this year amid new investments in technology. A total of 141 companies have cut staff this year...

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Report: Paytm Verges on Regulatory Victory Amid Larger Troubles
Report: Paytm Verges on Regulatory Victory Amid Larger Troubles
February 11, 2024  |  Regulation

Paytm is reportedly set for a small regulatory win while facing bigger government headaches. The government of the FinTech’s home country of India is on the...

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Goldman Sachs: IPO Market Could Surpass 2022-2023 Levels
Goldman Sachs: IPO Market Could Surpass 2022-2023 Levels
February 11, 2024  |  IPO

This year could mark a recovery for the initial public offering (IPO) market. That’s according to a report by Goldman Sachs, cited Sunday (Feb. 11)...

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New York Imposes New Limits on Credit Card Surcharges
New York Imposes New Limits on Credit Card Surcharges
February 11, 2024  |  Credit Cards

New York state has begun requiring merchants to provide greater transparency about credit card fees. A state law that went into effect Sunday (Feb. 11) limits...

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OpenAI CEO Sam Altman Reportedly Pitches $7 Trillion AI Funding Project
OpenAI CEO Sam Altman Reportedly Pitches $7 Trillion AI Funding Project
February 11, 2024  |  artificial intelligence

OpenAI CEO Sam Altman is reportedly pitching a multitrillion dollar artificial intelligence project to investors. Altman is in discussions with backers that include the government...

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