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Oro has launched a payment platform that is integrated with the company’s B2B eCommerce platform, OroCommerce, and purpose-built for the manufacturers and distributors who use it.
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With the addition of OroPay, the platform now includes invoicing, payments, enterprise resource planning (ERP) connectivity and commerce, the company said in a Thursday (July 10) press release...
The Federal Reserve Board proposed Thursday (July 10) that it revise its supervisory rating framework for large bank holding companies to allow those with a “Deficient-1” rating to be considered “well managed.”
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Currently, a firm that receives that rating is not considered well managed, according to a Federal Register notice that details the proposal.
A banking...
The past six months have been nothing but a tariff headache for CFOs, procurement teams and enterprise back offices.
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With the U.S. on Thursday (July 10) threatening additional tariffs of up to 50% on countries like Brazil and materials like copper, the operational migraine that keeping up with each new announcement brings doesn’t appear to be going away any time soon....
The U.S. Senate voted Thursday (July 10) to confirm the nomination of Jonathan Gould to be comptroller of the currency for a five-year term.
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Gould was confirmed by a vote of 50- 45, with five senators not voting, according to the Senate’s roll call vote.
The vote was mostly along party lines, with 50 Republicans voting yes, while 42 Democrats, two independents and one...
JPMorgan’s CEO is worried Wall Street is underestimating the potential for higher interest rates.
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Such a thing is a “cause for concern,” said Jamie Dimon, whose comments Thursday (July 10) at an event hosted by Ireland’s Department of Foreign Affairs were reported by Reuters.
As that report noted, The Federal Reserve voted last month to leave rates unchanged. Jerome...
Bilt raised $250 million and expanded its loyalty program to include all housing categories.
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Launched in June 2021 to enable members to earn rewards on rent payments for apartments, the Bilt program now also includes condo homeowners association (HOA) fees, student housing payments and mortgage payments, Bilt founder and CEO Ankur Jain said in a letter to Bilt members...
Apple, Visa and Mastercard reportedly won a legal victory in an antitrust lawsuit.
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The tech giant and the two payment firms convinced a federal judge to dismiss the lawsuit accusing them of colluding to stifle competition, Reuters reported Thursday (July 10).
U.S. District Judge David Dugan in Illinois ruled that the merchants who brought the suit did not offer...
Elon Musk’s embattled artificial intelligence (AI) chatbot is on its way to his electric vehicles.
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“Grok is coming to Tesla vehicles very soon,” Musk wrote Thursday (July 10) on X. “Next week at the latest.”
A report by Bloomberg News noted that Musk — head of both Tesla and xAI, which owns Grok and X — had made these comments soon after presenting a new version of the...
Wells Fargo said Thursday (July 10) that it sees signs that the economy “appears to be losing some steam,” with job creation slowing and inflation expected to rise.
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The bank said in its “U.S. Economic Outlook: July 2025“ that nonfarm payrolls added an average of 130,000 jobs per month during the first six months of the year — down from 164,000 during the same period in...
Elon Musk’s xAI startup has unveiled the latest version of its flagship foundation artificial intelligence (AI) model, Grok 4.
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In a livestream on X, Musk both bragged about the model yet simultaneously fretted about the impact on humanity if the AI turns evil.
“This is the smartest AI in the world,” said Musk while surrounded by members of his xAI team. “In some ways,...