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Investment banks Evercore and Stifel Financial reportedly expect initial public offerings (IPOs) to pick up in the second half.
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Both banks’ executives said during earnings calls held Wednesday (July 30) that heightened activity in the markets could be driven by a reduction in volatility and an easing of regulations by the White House, Bloomberg reported Wednesday....
Crypto platform Kraken said Wednesday (July 30) that it accelerated the building of its offerings in the second quarter and is focused on doing the same through the remainder of the year.
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“Kraken is in build mode,” the firm said in its second quarter financial highlights released Wednesday. “We are creating a multi-asset platform that enables anyone to trade anything,...
A drop in imports and a pickup in consumer spending led real gross domestic product (GDP) to return to growth in the second quarter, according to the Bureau of Economic Analysis (BEA) advance estimate for the second quarter released Wednesday (July 30).
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Real GDP grew at an annualized rate of 3% during the quarter, marking a rebound from the 0.5% contraction recorded in...
Western Union is joining forces with two African FinTechs to provide international money transfer services.
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The collaboration, announced Wednesday (July 30), will see Western Union work with Zambia’s Zoona Transactions and its parent company Chipper Cash, letting customers in Zambia send and receive money around the world.
“Zambia’s digitally savvy population of over 20...
Amazon is reportedly taking steps to block other companies’ artificial intelligence shopping tools from its website.
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The eCommerce giant updated the code on its site to include language that keeps out new AI agents from Google, The Information reported Wednesday (July 30).
Amazon has taken similar precautions with bots from companies like Perplexity, Anthropic and...
Chase is working with the Independent Restaurant Coalition (IRC) to provide support for American restaurateurs.
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The partnership, announced Wednesday (July 30), includes $4 million in grants to be awarded to independent restaurants and bars around the country this year.
This includes $1 million for independent restaurants and bars “that use innovative business practices...
Consumers are increasingly using artificial intelligence (AI) assistants in their personal lives as well as at work.
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While AI usage used to drop on weekends, that is less true today, digital intelligence and analytics firm Sensor Tower said in a blog post.
The company found that while the number of active users of OpenAI’s ChatGPT app was 5.8% lower on Sundays compared...
Sen. Mark Warner (D-Va.) is warning that Delta Air Lines’ use of artificial intelligence (AI) to tailor airfare prices to individual customers represents a troubling shift toward what he calls “surveillance pricing.”
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“I’ve recently seen where I think AI can be used handily in a very anti-consumer way. And that’s what Delta Air Lines is starting to do,” Warner said at a...
Mastercard and BMO are expanding the Canadian bank’s money transfer service.
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The expansion adds new destinations and currencies, allowing BMO’s Canadian personal banking clients to send money to family and friends in nearly 70 places, according to a Wednesday (July 30) press release. The service is powered by Mastercard Move’s global money movement capabilities.
“BMO is...
Expense management startup Ramp is reportedly now a $22.5 billion company.
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The company, which uses artificial intelligence (AI) for financial automation, achieved that valuation after raising $500 million in its latest funding round, The Wall Street Journal (WSJ) reported Wednesday (July 30).
The funds will help Ramp hire engineers, product experts and marketing and...