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Private equity group Blackstone has withdrawn from plans to invest in TikTok US.
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That’s according to a report Friday (July 18) by Reuters, citing a source familiar with the matter. The change, as Reuters pointed out, is happening amid mounting uncertainty about a deal for the popular social media platform, following numerous delays.
Blackstone had intended to purchase a...
Federal authorities have accused the former head of clothing tech company CaaStle of defrauding investors.
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Christine Hunsicker was charged Friday (July 18) with wire fraud, securities fraud, money laundering, making false statements to a financial institution, and aggravated identity theft.
According to the U.S. Attorney’s Office for the Southern District of New York,...
Elon Musk’s artificial intelligence (AI) chatbot is about to spawn a new generation.
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“We’re going to make Baby Grok, an app dedicated to kid-friendly content,” the billionaire wrote in a post on his X social media platform Saturday (July 19) night without offering further details.
Grok is the name of the AI model used by Musk’s xAI startup, introduced in November 2023...
Ever since he was a child, Alex Kachkine has been fascinated by paintings. He would visit museums and was drawn in by the visual art depicted in landscapes, historical figures and religious scenes.
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“Anytime I visit New York City, the first place I go to is the art gallery,” Kachkine said in an interview with PYMNTS. “It’s been a lifelong passion of mine.”
Such adoration...
BVNK and Bitwave have partnered to help enterprise finance teams send and receive stablecoin invoice payments.
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This collaboration integrates BVNK’s embedded stablecoin wallets and Bitwave’s SOC-compliant tax, accounting and compliance platform, the companies said in a Tuesday (July 15) press release.
This combination will enable Bitwave customers to use BVNK’s wallets...
PhotonPay has added a physical Mastercard Commercial Credit Card to its portfolio of global payment solutions.
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With this card added to its global digital financial infrastructure, PhotonPay offers global businesses a unified payment experience across both online and offline channels, the company said in a Tuesday (July 15) press release.
The card is likely to be used by...
Citi and Ant International are piloting a jointly developed, artificial intelligence-enhanced foreign exchange (FX) risk management solution designed for use by businesses that sell through eCommerce channels.
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The initial use case for the solution is the aviation industry, and an airline that is testing it has seen a cost reduction in its fixed FX rates hedging program...
Consumer sentiment inched up in July to reach its highest level in five months, though it remained below its December reading and its historical average, according to preliminary results from the University of Michigan’s Surveys of Consumers.
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The survey found that consumer sentiment rose by one index point but remained 16% below December.
Consumers’ assessments of short...
It finally happened. On Friday (July 18), at a White House Ceremony, U.S. President Donald Trump signed into law the country’s first-ever piece of crypto legislation, the GENIUS Act.
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In response to the regulatory momentum that appears poised to reshape the future of digital assets in America, crypto markets have soared to an all-time-high, surpassing $4 trillion for the...
The United Kingdom’s Financial Conduct Authority proposed new protections for buy now, pay later borrowers that would take effect when BNPL comes under the regulator’s remit on July 15, 2026.
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The proposals would require lenders to check that people can afford to repay BNPL loans, require them to offer the borrowers support if they get into financial difficulties, and...