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Consumers’ expectations about the direction of inflation broadly improved in May.
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Among all demographics and across the three time periods about which they were surveyed, consumers said they expected the rate of inflation to slow, the Federal Reserve Bank of New York said in a Monday (June 9) press release about the May edition of its Survey of Consumer Expectations.
“...
Blockchain protocol OpenLedger reportedly plans to commit $25 million to AI and Web3 developers.
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As CoinDesk reported Monday (Jun 9), the capital will be available via OpenCircle, a launchpad created by OpenLedger to help developers create artificial intelligence (AI)-focused protocols.
The report notes that the funding is happening amid increased interaction between...
The National Retail Federation is projecting a summertime surge in U.S. import cargo.
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The uptick, the federation (NRF) said in a news release Monday (June 9), will happen as retailers take advantage of a 90-day reduction in tariffs imposed on China.
“This is the busiest time of the year for retailers as they enter the back-to-school season and prepare for the fall-...
RSM US LLP, a provider of assurance, tax and consulting services for middle-market companies, will invest $1 billion over the next three years to integrate agentic artificial intelligence (AI).
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The company will integrate agentic AI platforms across its operations and services, aiming to accelerate and enhance the solutions it provides to clients, according to a Monday (...
Amazon is investing at least $20 billion in Pennsylvania to expand its data center infrastructure.
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The new investment, announced Monday (June 9), is aimed at bolstering the tech giant’s artificial intelligence (AI) and cloud computing technologies.
The so-called “innovation campuses” are slated for Salem Township, just west of Pittsburgh, and Falls Township, a...
A so-called megabill grabbing headlines and making its way through Congress is on track to further alter the Consumer Financial Protection Bureau, an agency already in flux during the first few months of the President Donald Trump administration.
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To that end, the Senate Banking Committee offered its provisions to be included in the “One Big Beautiful Bill” that was...
The latest large reasoning models (LRMs) experience “complete accuracy collapse” when faced with highly complex tasks, according to a new paper co-authored by researchers from Apple.
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These artificial intelligent (AI) models outperform standard models on some problems but do no better when problems get too complicated.
LRMs are trained to solve complex problems by...
Since the inception of the paper check, B2B payments have traditionally gotten the short end of the stick when it came to subsequent innovations in payments.
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In the consumer world, advances like embedded payments are now part of the fabric of everyday life. Users tap their phone, settle bills on platforms like Uber automatically, and subscription services like Spotify...
Walmart is expanding its artificial intelligence (AI) offerings by introducing a new shopping assistant.
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Customers can now access the generative AI-powered “Sparky” on the Walmart app, the retail giant said in an Friday (June 6) announcement.
“Sparky helps customers search to find items, synthesize reviews, and offers insights to prepare for any occasion — from looking...
Plaid now enables instant pay-ins as well as instant payouts via its flexible multi-rail payment platform, Plaid Transfer.
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The financial data network has added support for real-time pay-ins via Request for Payment (RfP) on the RTP® Network to Instant Payments on Plaid Transfer, it said in a Monday (June 9) press release emailed to PYMNTS.
RfP enables businesses to...