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Luxury retailers Pandora and Chanel were reportedly the victims of third-party data breaches.
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According to a report last week by CPO, Pandora is dealing with fallout from the hacking campaign targeting customer relationship management platform Salesforce, which has impacted dozens of high-profile companies.
CPO said jewelry maker Pandora confirmed the breach and has...
Non-lawyers are largely forbidden from owning law firms in the United States.
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Financial services firm Burford Capital wants to change that, the Financial Times (FT) reported Sunday (Aug. 17).
The company, which specializes in “litigation finance,” hopes to purchase stakes in American law practices, banking on a change in ownership rules.
Burford Co-Founder Jonathan...
Meta is reportedly reconfiguring its AI efforts, the fourth such restructuring in six months.
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The tech giant’s new artificial intelligence (AI) unit, Meta Superintelligence Labs, is expected to be divided into four groups, The Information reported Saturday (Aug. 16), citing sources familiar with the matter.
Those sources say the four groups include a new lab known as “...
Credit card delinquencies among American consumers reportedly crept up slightly last month.
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The average delinquency rate, which measures late payments, rose to 2.66% in July from 2.63% in June, Seeking Alpha reported Saturday (Aug. 16). That figure was down from 2.87% in July of last year and 2.68% in July 2019, before the COVID pandemic.
At the same time, the average...
Have you found yourself struggling to make the most of your credit card rewards?
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According to a Sunday (Aug. 17) report by The New York Times (NYT), you aren’t alone, as banks and airlines have grown more savvy about limiting perks and ending loopholes.
That means some travel cards now come with steeper annual fees and benefits that industry experts say make it...
Would you count an AI among your list of friends?
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Karandeep Anand, the CEO of artificial intelligence (AI) chatbot company Character.AI, told the Financial Times (FT) Sunday (Aug. 17) that he envisions a future in which that will happen.
“They will not be a replacement for your real friends, but you will have AI friends, and you will be able to take learnings from...
This week will see Walmart and other major U.S. retailers report their quarterly earnings.
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And as Bloomberg News noted in a report Saturday (Aug. 16), these numbers will offer a glimpse into how U.S. consumers are coping with White House tariffs.
While consumer spending has been resilient over the past few years, the report said that investors will want to see how long...
Cryptocurrency exchange Gemini says it is ready to go public amid rising losses.
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The company, led by billionaire twin brothers Cameron and Tyler Winklevoss, filed for an initial public offering (IPO) Friday (Aug. 15) with the Securities and Exchange Commission (SEC).
The filing shows Gemini had net losses of $282.5 million and revenues of $67.9 million for the first six...
David’s Bridal once helped you snag a gown; now it wants to outfit your inner gremlin. The 70-year-old retailer will make you a dress for your Labubu plushie. It’s the latest twist in the runaway toy craze that’s turned Pop Mart’s snaggle-toothed sprite into a $1 billion culture bomb. But wedding aisles are hardly the weirdest place you can nab (or lose) a Labubu. Strap in.
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The ChatGPT mobile app is reportedly earning more than six times as much revenue as it did last year.
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The artificial intelligence (AI) chatbot app for iOS and Android devices has made $1.35 billion this year, through July, up from the $174 million it made during the same seven-month period in 2024, TechCrunch reported Friday (Aug. 15), citing data from Appfigures.
The...