SandboxAQ Pursues $5 Billion Valuation in New Fundraising Round
SandboxAQ is seeking investors for a valuation of $5 billion. The company combines AI with quantum physics for advanced technology…
Regions Bank Faces Profit Dip Due to Rising Costs and Loan Decline
Regions Bank's profit declined due to rising costs and reduced loan demand. Despite profit loss, non-interest income increased in several…
Ally Financial Tightens Borrower Standards Amid Declining Auto Income
Ally Financial shifts to stricter borrowing standards amid financial challenges. The strategy focuses on risk-adjusted returns over loan origination volume.…
Truist Introduces New Billing Payment Solution for Wholesale Clients
Truist launches a billing payment solution for wholesale clients. The platform aims to streamline payment processes and enhance security. Security…
Millennials and Gen Z Drive American Express Spending Surge
Millennials and Gen Z significantly boost American Express spending. Dining and travel preferences lead to 12% spending growth by younger…
Uber Considers Acquiring Expedia to Expand its Service Portfolio
Uber explores acquiring Expedia to expand its service offerings. The acquisition aligns with Uber's goal to become a super app.…
NHTSA Investigates Tesla’s Self-Driving Software After Crashes
NHTSA investigates Tesla's FSD after multiple crashes, including a fatality. 2.4 million Tesla vehicles with FSD are under scrutiny for…
Netflix Adjusts Strategy with Price Increases and Subscription Models
Netflix raises membership prices in Japan, Italy, Spain, and parts of EMEA. FTC introduces "click-to-cancel" to simplify subscription cancellations by…
Nium Partners with Bank Rakyat Indonesia for Real-Time Cross-Border Transfers
Nium partners with BRI to enhance cross-border payments in Indonesia. Customers benefit from faster, cost-effective international transactions. The partnership addresses…
Tech Giants Introduce New AI Innovations Across Various Industries
Adobe, Google, Microsoft, OpenAI, and Tesla launched AI innovations recently. The advancements target video, drug discovery, healthcare, eCommerce, and transport.…
