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…
Younger Consumers Reduce Dining Out as Job Market Struggles Intensify
Younger consumers limit dining out due to job market challenges. Shake Shack and Chipotle report spending cuts by young patrons.…
Whatnot Secures $225 Million to Enhance Live Shopping Experience
Whatnot, a live shopping platform, recently secured $225 million in a Series F funding round, propelling the company's growth in…
JPMorgan Expands Blockchain Use for Wealthy Clients with Fund Tokenization
JPMorgan Chase advances blockchain use to enhance private banking services. High-net-worth clients benefit from tokenized private-equity fund management. Regulatory shifts…
Businesses Drive Gen AI Adoption with Rising Budgets and ROI Demands
Generative AI integration is accelerating among enterprise leaders. Strategic investments and ROI tracking are prioritized in AI projects. Skill development…
The ECB Prepares to Test Digital Euro by 2027
ECB aims to pilot the digital euro by 2027 with possible issuance in 2029. This move seeks to balance digital…
