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This week’s Weekender takes a brisk, slightly irreverent lap around real, historical financial rescues, from J.P. Morgan’s locked-door diplomacy to depositors getting saved while shareholders didn’t.
With Washington now signaling it will do what is needed to support Argentina’s economy, including talks over a large swap line alongside an International Monetary Fund program, it’s a good...
Life insurance technology company Ethos Technologies filed for its initial public offering Friday (Sept. 26).
The company filed its registration statement on Form S-1 with the Securities and Exchange Commission for a proposed IPO and intends to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “LIFE,” it said in a Friday press release.
“The number...
Klarna’s shares reportedly dropped below their initial public offering price for the first time Friday (Sept. 26) amid a widespread weakening of technology stocks.
The company’s stock fell as low as $38.31 Friday, below the $40 IPO price on its Sept. 10 trading debut, Bloomberg reported Friday.
This week saw a slowdown in technology stocks after a record-setting rally, according to the...
Artificial intelligence startup Perplexity has launched an application programming interface (API) that it claims provides developers with access to the same infrastructure that powers the company’s public search engine.
The new Perplexity Search API provides a single interface through which developers can tap information from the company’s index of hundreds of billions of webpages,...
Apple is building a ChatGPT-like iPhone app to test a revamped version of Siri. Still, the tool is restricted to internal testing only and will not be released to consumers, Bloomberg reported Friday (Sept. 26). The app lets Apple engineers experiment with features such as searching through emails and music or completing in-app tasks like editing photos, giving the company a faster way to refine...
OpenAI is reimagining the role of artificial intelligence in daily routines with the launch of ChatGPT Pulse. Instead of waiting for prompts, Pulse delivers personalized updates before a user asks, pushing ChatGPT from reactive chatbot to proactive assistant. The feature is designed to anticipate what matters next, reshaping workflows and changing how people organize information, decisions and...
Consumer sentiment has always been more than a mood measure. It shapes how households decide whether to spend, save or delay purchases, and even how they think about the security of their jobs.
The University of Michigan released its September consumer sentiment data Friday (Sept. 26). The data showed that confidence is continuing to slip, raising questions about where spending will...
Uber Technologies reportedly expects to increase its grocery and retail deliveries, with the annual run rate of that segment of its business reaching $12.5 billion in gross bookings by the end of the year.
The company made this projection as it has seen these non-restaurant deliveries grow faster than expected, Bloomberg reported Friday (Sept. 26), citing an Uber spokesperson.
Uber...
Light raised $30 million in a Series A funding round to accelerate the global expansion of its artificial-intelligence-native finance platform that is designed to replace legacy tools and meet the needs of hypergrowth companies.
The Denmark-headquartered company will use the new capital to open a new office in New York, triple its engineering team, launch a process-optimization...
Cryptocurrency platform Kraken reportedly raised $500 million in a funding round that closed this month and valued the company at $15 billion.
The funding round was part of Kraken’s final preparations for an initial public offering, Fortune reported Thursday (Sept. 25), citing unnamed sources.
Reached by PYMNTS, Kraken declined to comment on the report.
It was reported in March that...