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The future of the Consumer Financial Protection Bureau’s (CFPB) funding is once again uncertain.
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That’s because Senate Republicans have gotten permission from the chamber’s parliamentarian to include a measure in President Donald Trump’s tax bill that slashes funds for the agency, Reuters reported Friday (June 27).
The measure would reduce the consumer watchdog agency’...
Hot Wheels and Barbie’s Dreamhouse just got a software update.
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Mattel, the toy giant that has been shaping childhoods for generations, announced in a June 12 press release a headline-grabbing partnership with OpenAI. The plan is to bake artificial intelligence into the DNA of Mattel’s most iconic toys, from Barbie to Hot Wheels. The move is bold, futuristic and, in the...
Enrich Layer has acquired HR Signal to enhance the enrichment tools and data products it offers to customers across industries.
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The transaction, which was completed earlier in June, adds HR Signal’s predictive workforce analytics platform and Workforce Insights Engine to Enrich Layer’s data platform, Enrich Layer said in a Thursday (June 26) press release.
HR Signal’s...
L’Oréal Groupe is tapping artificial intelligence (AI) to redefine product innovation and consumer experiences — with human creativity remaining vital to the future of the industry.
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CEO Nicolas Hieronimus said the French cosmetics and skin care giant aims to lead in “beauty tech,” during a speech at the recently held Viva Tech 2025 conference in Paris.
“New technologies...
Alibaba.com’s U.S. business users can now select Balance’s B2B buy now, pay later (BNPL) as a payment method at checkout.
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With this option, eligible users of the B2B eCommerce platform for global trade can gain greater purchasing power and more control over how and when they pay by financing purchases, the companies said in a Friday (June 27) press release.
“By...
Expensify has expanded the international support offered by its financial management app for expenses, travel and corporate cards.
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“Now companies everywhere can handle expenses, cards, reimbursements and more — entirely within Expensify,” David Barrett, founder and CEO of Expensify, said in a Wednesday (June 25) press release.
The new features include expanded company...
Consumer confidence got a rebound headed into summer.
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The University of Michigan’s June Consumer Sentiment Index, released Friday (June 27), recorded a 16% surge from May, marking its first increase in six months.
The rise reflects a broad-based improvement across various facets of the economy, with expectations for personal finances and business conditions climbing...
The U.K.’s Competition Appeal Tribunal ruled unanimously Friday (June 27) that Visa and Mastercard’s multilateral interchange fees violate European competition law.
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The ruling is the latest round in a long-running legal battle and applies to linked lawsuits brought by hundreds of merchants, Reuters reported Friday.
The claimants’ attorney, David Scott, global managing...
As 2025 reaches its midpoint, stablecoins sit at a rare confluence of opportunity and uncertainty.
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On the one hand, they offer real-world utility at scale, particularly within cross-border payments and emerging markets. On the other hand, they raise profound questions about monetary control, systemic risk and global financial governance.
Yes, stablecoins have matured...
Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer.
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Personal income dipped 0.4% month on month in May. That’s the first monthly decline since September 2021, ending an upward trend that peaked with a 0.8% increase in April. Disposable (after tax) personal income dipped 0.6...