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How you pay for that new sofa you just bought on Wayfair matters deeply to the bank that issued your credit card. Consumers have, on average, roughly three credit cards, making the one whipped out most frequently a driver of fees for the issuing bank.
You may want to shop as much as financially possible, but card-issuing financial institutions also want you to do that — and to pay as often as...
PNC Bank plans to acquire Aqueduct Capital Group to enhance the primary fund placement capabilities of PNC subsidiary Harris Williams.
The bank has entered into a definitive agreement for the acquisition, and the transaction is expected to close in midsummer, subject to customary closing conditions, PNC Bank said in a Tuesday (May 20) press release.
“This acquisition is complementary to existing...
A $1.2 billion exchangeable bond deal announced last week by Uber Technologies reportedly features a rare structure that is appealing to investors and to Uber.
The deal is tied to Uber’s shares in self-driving truck firm Aurora Innovation and includes bonds that turn into equity if the stock exceeds a set price after a set period, Bloomberg reported Tuesday (May 20).
The deal allows investors to...
Google said Tuesday (May 20) that it expects smart glasses equipped with its extended reality (XR) operating system, Android XR, and its artificial intelligence (AI) model, Gemini, to become a convenient and always present AI assistant.
The firm said this in a Tuesday blog post announcing that it has partnered with eyewear brands Gentle Monster and Warby Parker to create Android XR-equipped...
Keep has emerged from stealth mode and announced it raised 108 million Canadian dollars (about $78 million) to support the development of its financial platform for Canada’s small businesses.
This small business banking platform includes solutions designed to meet the requirements of Canadian tax systems, banking regulations and business needs, Keep said in a Tuesday (May 20) press release.
“...
Google unveiled a slew of artificial intelligence (AI)-powered upgrades across its vast product landscape, from Search and Android to glasses, cloud services and personalized assistants.
At its 2025 I/O conference this week, Google said its most advanced AI model, Gemini 2.5, will underpin agentic, multimodal, personalized and immersive capabilities that it plans to bring to its suite of...
Apple reportedly plans to introduce tools that will let third-party developers write software using the large language models that power Apple Intelligence.
The company is set to announce the software development kit and other resources that will allow this capability on June 9 at its Worldwide Developers Conference, Bloomberg reported Tuesday (May 20), citing unnamed sources.
Apple did not...
For untold decades, global trade has run on an unlikely fuel: paperwork. And for an equal amount of decades, trade finance, which hinges on mitigating the risks inherent in international transactions, has also run on paper.
But in an era where cargo ships are tracked by satellite and invoices processed by AI, digital-native solutions like trade finance automation are coming to pressure old...
Google said Tuesday (May 20) that it has begun rolling out AI Mode in its Search experience in the United States after testing it in Google Labs beginning in March.
AI Mode will appear in a new tab in Search and in the search bar in the Google app, according to a Tuesday blog post.
The company began testing AI Mode, which is its most powerful AI search, after rolling out AI Overviews last year...
A more multipolar system of trade and capital could emerge from the current disruptions caused by tariffs, Citi CEO Jane Fraser wrote in a Friday (May 16) blog post.
Tariffs have disrupted trust, supply lines and planning cycles, and their impact will take time to settle even if the tariffs are eased, according to the post.
“We are entering a new phase of globalization — one less defined by...