Feed Items
The growing ties between stablecoins and the traditional financial system pose risks to financial integrity and financial stability, the Bank for International Settlements (BIS) said in one of the key takeaways from a bulletin released Friday (July 11).
[contact-form-7]
The BIS also said the use of foreign currency-denominated stablecoins could threaten monetary sovereignty and the...
Costco’s total company comparable sales increased 5.8% in June, driven by demand for fresh foods and non-food categories like jewelry, major appliances and gift cards.
[contact-form-7]
By region, the retailer’s sales were up 4.7% in the United States, 6.7% in Canada and 10.9% in its other international markets, Costco said in a Wednesday (July 9) press release.
Costco’s eCommerce sales...
Amazon Web Services (AWS) will reportedly launch an artificial intelligence (AI) agent marketplace on July 15 during its AWS Summit.
[contact-form-7]
One of the company’s partners in the marketplace will be Anthropic, TechCrunch reported Thursday (July 10), citing unnamed sources.
Reached by PYMNTS, an AWS spokesperson declined to comment on the report.
Anthropic did not immediately...
This week in artificial intelligence, Nvidia reached a record market capitalization, while Americans are using AI chatbots to get medical advice and restaurants are using robots end-to-end. Meanwhile, Microsoft saved $500,000 using AI but still laid off workers.
[contact-form-7]
Nvidia Is First Company to Hit $4 Trillion Market Cap
Nvidia, the dominant AI chipmaker, crossed into...
On Thursday (July 10), the United States confirmed Jonathan Gould as Comptroller of the Currency, becoming the first permanent head of the banking regulator in roughly five years.
[contact-form-7]
His experience as chief legal officer at blockchain firm Bifury and a previous tenure at the Office of the Comptroller of the Currency (OCC) during the previous Trump administration as senior...
For decades, the title of chief financial officer evoked an image of someone buried in spreadsheets and focused on quarterly closes, regulatory compliance and carefully hedged projections.
[contact-form-7]
Today, however, trade volatility has gone from exception to norm, and traditional Excel-based forecasting no longer suffices.
“If we don’t have visibility, we can’t move forward,” Luc...
Five people have been arrested in Europe in two separate, unrelated cases related to ransomware, Ars Technica reported Thursday (July 10).
[contact-form-7]
In one case, former Russian professional basketball player Daniil Kasatkin was arrested in France at the request of U.S. authorities, who allege that he negotiated ransom payments with organizations that had been hacked by a...
Harmonic AI, the artificial intelligence startup co-founded by Robinhood Markets CEO Vlad Tenev, has raised $100 million in a Series B round, bringing its valuation to $875 million, according to Bloomberg. The Palo Alto-based company, founded in 2023 by Tenev and Tudor Achim, aims to develop AI systems capable of solving complex math problems, an area where current large language models often...
American enterprises are under pressure. Between renewed tariff hikes, global supply chain instability and rising operational costs, many firms face decision points that could shape their futures.
[contact-form-7]
And that can put the finance team in the hot seat, or command center, depending on the business.
Yet the response from large enterprises to today’s ongoing macro uncertainty...