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A U.S. House bill takes aim at Apple and Google’s control over the mobile app ecosystem, seeking to curb practices lawmakers say restrict competition and inflate prices for consumers and developers.
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Rep. Kat Cammack, R-Fla., introduced the App Store Freedom Act, a bill that would bar dominant app store operators from engaging in a range of business practices critics say...
Peloton introduced its own peer-to-peer resale marketplace, Repowered.
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The launch aims to capture a segment of the expanding resale market for connected fitness equipment and monetize devices no longer in active use in customers’ homes, CNBC reported Tuesday (June 3).
Users can list their pre-owned equipment and accessories from the connected fitness company on the...
Artificial intelligence startup Manus introduced a text-to-video generative AI tool that turns prompts into structured videos.
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In a post on social platform X, Manus described the tool as one that “transforms your prompts into complete stories — structured, sequenced and ready to watch.”
Introducing Manus video generation.
Manus transforms your prompts into complete...
Just before tariffs took root in April, PYMNTS Intelligence found in its “Certainty Project” report that a majority of firms across various sectors anticipated higher costs. At the time, 42% of services firms said they were considering raising prices on their products, and 3 in 4 said they planned to reduce operational costs.
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Now, new data from the Federal Reserve Bank...
Square has launched a conversational artificial intelligence (AI) assistant that can answer sellers’ questions about how to use Square’s business technology platform and about trends in their own business.
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The AI assistant, Square AI, is available now in public beta for all sellers in the U.S. and is integrated into the Square Dashboard, the company said in a Tuesday (...
Private sector job growth slowed in May, declining to the lowest level seen in two years, ADP said Wednesday (June 4).
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The private sector added 37,000 jobs during the month, a figure that was down from the revised total of 60,000 jobs added in April and the lowest level of gains since March 2023, the human resources (HR) and payroll solution provider said in a Wednesday...
BVNK and LianLian Global partnered to enable merchants to use major stablecoins to fund cross-border transactions.
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This capability reduces settlement times from days to minutes and is especially valuable to businesses operating in regions in which traditional banking rails have limitations or cause delays, the companies said in a Wednesday (June 4) press release.
The...
Mastercard and PayPal have partnered to co-develop features using Mastercard’s One Credential, a solution that enables consumers to use a single credential when shopping online or in-store.
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The companies aim to use this solution to give consumers more choice and control over how they pay at checkout, allowing them to access multiple payment options, they said in a...
For CFOs, the work never stops. And when it comes to mergers and acquisitions, that can often be when the work picks up.
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After all, the less publicized but most mission-critical facet of many deals is the post-merger integration (PMI) of freshly inherited vendor and supplier relationships. It’s not just about cost savings, though that is part of the equation, but about...
Temasek, which is Singapore’s state-owned investment group and one of the world’s biggest investors, reportedly slashed its investments in early-stage companies by 88% over a three-year period.
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The group’s investments in these companies dropped from $4.4 billion in 2021 to $509 million in 2024 as it shifted its focus to more conservative investments, the Financial Times...