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Finite opportunities in private credit are creating public, high-yield debt opportunities, J.P. Morgan Asset Management CEO George Gatch said, according to a Wednesday (June 25) Bloomberg report.
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Gatch made the comment as J.P. Morgan unveiled its J.P. Morgan Active High Yield ETF in a Wednesday press release. The fund will devote at least 80% of its portfolio to junk-...
French supermarket giant Carrefour is accelerating its digital transformation by creating the next generation of connected stores, with artificial intelligence (AI) embedded in its omnichannel retail strategy.
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“AI technology is at the core of the strategy,” said Emmanuel Grenier, group eCommerce, data and digital transformation director at Carrefour, during a...
Visa and GiveCard partnered to help nonprofits and government agencies implement digital disbursement programs.
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The collaboration will bring together Visa’s prepaid debit cards and GiveCard’s disbursement technology, creating a turnkey solution for state and local governments, school districts and nonprofits, the companies said in a Wednesday (June 25) press release....
Google has introduced an artificial intelligence (AI) assistant designed to help developers.
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Gemini CLI (command line interface), announced Wednesday (June 25), is an open-source AI agent that offers “lightweight” access to the company’s Gemini model. Despite its name, however, Google says the tool is designed for coding as well as tasks like content generation, deep...
Amazon plans to expand its same-and-next-day delivery service to tens of millions of American consumers.
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The expansion, targeting more than 4,000 smaller cities, towns and rural communities, is slated to happen by the year’s end, the eCommerce giant announced Tuesday (June 24).
“This expansion goes beyond speed — it’s about transforming daily life for rural customers,...
Mastercard will begin allowing U.K. banks and financial institutions to access its fifth-generation account-to-account (A2A) instant payments via a sandbox later this year.
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This offering will allow U.K. banks and financial institutions to innovate, test and refine new payment services within a trusted and secure environment and without impacting critical infrastructure...
Google could face new restrictions on its search business in the U.K.
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The potential changes comes as the country’s antitrust regulator, the Competition and Markets Authority (CMA), announced Tuesday (June 24) said it is weighing a proposal that would give Google “strategic market status,” a designation under new competition rules for tech companies that hold higher...
The most recent inflation data indicate that the impact of tariffs overall has been thus far not been as drastic as some might have feared. But consumers are still mulling what’s to come, and the spending picture is at best mixed.
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On Tuesday (June 24), The Conference Board released its latest report on consumer confidence, which slid after a bounce in May.
At a high...
Republican senators on Tuesday (June 24) unveiled a set of principles to serve as a framework for the development of legislation for digital assets.
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Senate Banking Chairman Tim Scott, R-S.C., Subcommittee on Digital Assets Chair Cynthia Lummis, R-Wyo., Sen. Thom Tillis, R-N.C., and Sen. Bill Hagerty, R-Tenn., are spearheading the efforts.
“These principles will serve as...
Meta CEO Mark Zuckerberg is on an artificial intelligence talent acquisition spree, reportedly approaching several high-profile AI startups for a potential acquisition.
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According to multiple news reports, these startups included the following:
Perplexity AI
Runway
Thinking Machines, which was co-founded by OpenAI’s former CTO Mira Murati.
Safe Superintelligence (SSI),...