Congress Enacts GENIUS Act to Regulate Stablecoins
The GENIUS Act sets a regulatory framework for stablecoins. Banks and FinTechs eye competition and innovation opportunities. Retailers consider stablecoins…
Investors Fuel Bending Spoons’ Expansive Acquisition Strategy with $710M Boost
Bending Spoons secured $710M equity and $2.8B debt for acquisitions. The funding aids in the purchase of AOL and Vimeo.…
Grammarly CEO Rebrands Company as Superhuman and Expands A.I. Offerings
Shishir Mehrotra rebrands Grammarly to Superhuman to broaden product offerings. Superhuman introduces a suite of tools, including Superhuman Go and…
Trump’s Pardon of Binance’s Zhao Sparks Controversy Over Alleged Ties
Trump's pardon of Zhao from Binance raises corruption concerns. Allegations lack substantial evidence, complicating the corruption narrative. Zhao's legal outcome…
Apple Predicts Robust Holiday Season Growth with iPhone Demand Leading
Apple forecasts revenue growth of 10-12% in the December quarter. The company reports significant investments in artificial intelligence initiatives. Despite…
Federal Reserve Plans Major Staff Reduction in Supervision Division
Federal Reserve plans 30% staff cut in supervision division. Senator Warren criticizes decision, equating it to pre-2008 practices. Bowman emphasizes…
Legora Secures $150 Million Boost for AI Ambitions
Legora secured $150 million to expand its AI legal platform globally. The AI-driven platform aids legal professionals with various tasks.…
Fox Corporation’s Stocks Surge as Advertising Revenue Hits Record High
Fox Corporation's shares reached a record high amid rising ad revenue. The first-quarter revenue grew to $3.74 billion, a 5%…
Fiserv Navigates Customer Backlash With Strategic Shift
Fiserv shares plunged due to revised forecasts and strategic changes. Client complaints on Clover fees prompted adjustments in pricing strategy.…
Firms Integrate Neurodivergent Talent to Strengthen AI Systems
Neurodivergent inclusion enhances AI systems' accuracy and reliability. Studies reveal autistic workers excel in logical, focus-intensive tasks. Companies like Daivergent…
