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Sports gambling has DraftKings. Political junkies have PredictIt. And now the world’s nerdiest corner — the artificial intelligence (AI) scene — has its own set of bettors, where people wager actual money on whether Google’s Gemini will dunk on OpenAI’s GPT-5 this month.
Forget fantasy football, this is fantasy machine learning.
People are placing their bets on markets like Kalshi,...
When the European Commission announces the penalties in an antitrust case involving Google’s AdTech business in the coming weeks, it will reportedly order the company to pay a “modest” fine and will not require it to sell part of its AdTech business.
The fine is likely to be less than the 4.3 billion euros the Commission ordered Google to pay in another case in 2018, Reuters reported ...
Off-price retailer Ross Stores is reportedly considering raising some prices to offset the effects of new U.S. tariffs.
The company, which owns Ross Dress for Less and dd’s Discounts, told USA Today that it is navigating the effects of tariffs, like most companies, according to a report posted Wednesday (Aug. 27).
“We were pleased to report lower-than-expected tariff-related costs...
The second week of September reportedly could be one of the busiest for sizeable initial public offerings (IPOs) since late 2021.
Six companies that filed for potential IPOs in August could begin marketing their listings at that time, Bloomberg reported Friday (Aug. 29).
Those companies include digital payments firm Klarna, crypto exchange Gemini Space Station and blockchain-finance...
Forever 21 is reportedly planning to open some brick-and-mortar stores in China and is seeking a partner with which it can relaunch in the United States.
The fast fashion brand is doing so after ending three previous attempts to enter the China market and after saying in March that it was filing for bankruptcy and winding down its U.S. operations, Reuters reported Thursday (Aug. 28...
The stablecoin sector is focused on trading breakthroughs for maturation.
At their core, stablecoins were engineered to solve the volatility problem that plagues cryptocurrency, offering a proxy for fiat currencies that can travel frictionlessly across borders and rails. Yet their integration into mainstream finance has for years been held back by regulatory ambiguity, technological...
Earnings season has offered up a snapshot of the sweeping impact buy now, pay later (BNPL) payments are making in commerce, as they are now firmly mainstream, and are gaining omnichannel scale as consumers increasingly use BNPL both online and at physical stores.
Rounding up some of the metrics and comments from earnings releases and conference calls reveals the extent of the trend.
No...
As the de minimis exemption came to an end Friday (Aug. 29), postal services around the world suspended shipments to the United States or made changes to comply with new U.S. customs requirements.
In a roundup article posted Friday, Reuters reported that several of the postal services said they were taking these actions because it was unclear how U.S. customs authorities would...
HSBC has disclosed a leadership transition in its U.S. operations.
Lisa McGeough stepped down from her role as president and CEO of the United States and U.S. head of banking “to pursue new opportunities outside HSBC,” the bank said in a Friday (Aug. 29) filing with the Securities and Exchange Commission (SEC).
“She leaves with our best wishes and thanks for her many contributions...
Walmart is offering support at an event and a dedicated office to encourage U.K. and European businesses to use its online marketplaces to sell to customers in the Americas.
The company is promoting to these businesses its marketplaces in the U.S., Canada, Mexico and Chile, according to a Friday (Aug. 29) press release.
Walmart will host a UK Walmart Seller Summit in London on Sept. 9...