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Google’s parent Alphabet on Wednesday (July 23) raised the amount it expects to spend on capital projects for this year and forecasted even higher spending in 2026.
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Alphabet raised its projected capital expenditures to $85 billion in 2025. That’s 62% more than 2024, when it spent $52.5 billion. Earlier this year, Alphabet forecasted that it would spend $75 billion in...
Stablecoin issuer Tether is reportedly on track to return to doing business in the United States.
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Tether CEO Paolo Ardoino said Wednesday during a Bloomberg Television interview that the company is “well in progress of establishing our U.S. domestic strategy” and plans to focus on payments and interbank settlement and trading, Bloomberg reported Wednesday (July 23).
El...
An uncertain trade environment impacted Mattel’s sales in the U.S. in the second quarter, executives said Wednesday (July 23).
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The toy and family entertainment company saw a 16% year-over-year drop in sales in North America, partially offset by a 7% increase in its international business, according to a Wednesday earnings release.
Overall, the company’s net sales...
Earnings season has just begun, and financial firms have been weighing in on the state of consumer spending and whether consumers are meeting their debt burdens in the midst of stubborn inflation and a rocky macroeconomic environment.
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Thus far, the indications are that consumers, including subprime consumers, are meeting the challenges, though there have been some...
The Pentagon recently awarded up to $200 million each to four U.S.-based artificial intelligence (AI) companies developing “frontier” models: Anthropic, Google, OpenAI and xAI. The contracts are the latest sign of AI adoption across the U.S. military.
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The Chief Digital and Artificial Intelligence Office (CDAO) said its goal was to accelerate the Department of Defense’s...
Square is letting the first merchants on its network accept bitcoin payments.
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The company is now allowing some sellers to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer and head of business at Square’s parent company, Block, wrote in a Tuesday (July 22) post on social platform X.
“Today we’re onboarding our first few...
While headlines trumpet the nine-figure paydays big tech firms are laying out for artificial intelligence (AI) talent, a different resource war is underway in the board rooms of financial institutions (FIs).
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One centered on an entirely different, if equally leading edge, technology. Quantum computing.
As Monday (July 21) news from JPMorgan Chase, which involved hiring...
The European Commission reportedly does not plan to charge Big Tech companies a fee to cover the cost of monitoring their compliance with the Digital Markets Act, though some European lawmakers have lobbied for such a fee.
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While that remains a possibility, there is currently no proposal for a fee, European Commission Executive Vice President Henna Virkkunen told...
Cloud-based payments firm Alacriti has launched a partnership with Citizens Business Bank.
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The collaboration lets Citizens (CBB) offer instant payments capabilities via the Orbipay Payments Hub, letting customers get payments in seconds over both the RTP network and the Federal Reserve’s FedNow Service, according to a Wednesday (July 23) news release.
“Partnering with...
The United Kingdom’s Competition and Markets Authority said “Apple and Google’s mobile platforms hold an effective duopoly.”
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As such, the CMA is proposing new guidelines for how the two tech giants operate in the U.K., according to a Wednesday (July 23) press release.
“Apple and Google’s mobile platforms are both critical to the U.K. economy — playing an important role...