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A deal between Apple and JPMorgan could reportedly leave a lesser-known company in the cold.
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As the Wall Street Journal (WSJ) reported Sunday (Aug. 3), CoreCard has helped provide Apple’s credit card with distinctive features, including bills on the first of the month and a payment wheel that shows users projected interest costs.
Apple is CoreCard’s biggest client, but...
American workers are seeing widespread slowing in wages, though some are suffering more than others.
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Wage growth for the lowest-paid quarter of workers — people who make roughly less than $806 each week — slowed to an annual rate of 3.7% in June, the Financial Times (FT) reported Sunday (Aug. 3), citing data from the Federal Reserve Bank of Atlanta.
That’s down from a...
Cryptocurrency prices slid Friday (Aug. 1) following the issuance of new U.S. tariffs.
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As CNBC reported, this drop ushered in a wave of long liquidations, forcing traders to sell their assets at market price to settle their debts, bringing prices down further. Bitcoin saw $228 million in liquidations across centralized exchanges over a 24-hour period, the report said,...
Apple has reportedly formed a team to develop a search experience similar to ChatGPT.
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That’s according to a report Sunday (Aug. 3) by Bloomberg News, which says the so-called “Answers, Knowledge and Information” (AKI) group is building an “answer engine” — a system capable of crawling the web for responses to general-knowledge questions.
The report says Apple is...
Cambodia’s Huione Group offers things like insurance, money exchange and financial services.
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But to the U.S. Treasury Department, the company’s online platform performs another, illicit and unadvertised function, Bloomberg News reported Friday (Aug. 1).
While Huione affiliated companies have repeatedly denied any involvement with criminal activities, the Treasury has...
It was a strong quarter for America’s biggest companies — less so for many under-the-radar firms.
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That’s according to a report Saturday (Aug. 2) by the Financial Times (FT), which charts a divide between the likes of tech giants such as Apple and Microsoft and big banks like J.P. Morgan, and other parts of corporate America struggling in the face of ongoing tariffs....
Mistral AI is reportedly targeting a $10 billion valuation in its next funding round.
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That’s according to a report Friday (Aug. 1) by the Financial Times (FT), which says this is part of a push by the French startup to compete with wealthier artificial intelligence (AI) competitors in China and the U.S.
Sources told the FT that Mistral is in talks with investors about...
When it comes to salaries, today’s top AI talent are enjoying unprecedented paychecks.
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That’s according to a report Friday (Aug. 1) by Ars Technica, which cites the example of Matt Deitke, an artificial intelligence (AI) researcher offered $250 million — over four years — to bring his expertise to Meta.
Such a figure, the report said, “shattered every historical...
American retailers have reportedly issued a dire warning on the White House’s latest tariffs.
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Retailers say the ongoing trade war could bring about product shortages, higher prices and job cuts, CNBC reported Friday (Aug. 1).
“Continued high tariffs from key sourcing countries, last-minute policy shifts, and unclear new requirements are creating the perfect storm for a...
Back-to-school spending is at a record high, with parents shelling out over $1,200 per household and turning to financing to cover costs.
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As parents turn back-to-school shopping into more of a year-round sport fueled by bizarre product demands and high-tech gadgets, the Weekender gives participation awards to the top 10 things that make this annual rite of passage.
The...