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The Federal Reserve said Thursday (July 31) it joined other federal banking agencies in allowing banks and credit unions to obtain customers’ tax information numbers from a third party, rather than directly from the customer.
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This alternative collection method allowed by this order is optional, and banks are not required to use it, the Fed said in a Thursday press...
Jeff Bezos’ old maxim framed Amazon’s earliest days: “We’re not competitor‑obsessed, we’re customer‑obsessed.”
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Back then, a “customer” meant an online book buyer. Two decades later, that constituency is sprawling. It ranges from the home cook ordering spatulas, the chief technology officer spinning up cloud servers, the chief marketing officer buying ads or the shopper...
Mercado Libre CEO Marcos Galperin will focus “quite a bit” on artificial intelligence when he moves to a new role as executive chairman on Jan. 1, 2026, he said Wednesday (July 30) on the company’s investor relations podcast.
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Galperin announced the CEO transition in a May letter to employees, saying that after 26 years leading the company that is now a leading commerce...
Crypto is one of the least linear, most volatile, industries out there. That also holds true for crypto companies such as Coinbase.
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For example, Coinbase’s second-quarter 2025 earnings call Thursday (July 31) show a company treading a narrow path between innovation, compliance and resilience.
On one hand, it recorded a $1.5 billion unrealized gain on strategic...
Apple is lighting a fire under its artificial intelligence (AI) efforts, pledging to “significantly” step up investments and dedicating more staff toward the development of Apple Intelligence features.
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During its fiscal third-quarter earnings conference call with analysts on Thursday (July 31), CEO Tim Cook said that the company is making “good progress” on infusing...
Google reportedly lost an appeal in which it sought to overturn a ruling in an antitrust case that requires it to make changes to its app store, Google Play.
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An appeals court ruled unanimously Thursday (July 31) to reject the tech giant’s argument that the trial judge made errors in the case that was brought by Epic Games in 2020, Reuters reported Thursday.
In its...
Platforms like eBay and Etsy will reportedly be impacted by the global suspension of the “de minimis” exemption that allowed packages valued at less than $800 to enter the U.S. without paying tariffs.
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The suspension was announced Wednesday (July 30), and the platforms have spoken out against the policy in the past, Reuters reported Thursday (July 31).
Jeffrey Zubricki,...
Amazon said Thursday (July 31) that it won a lawsuit enabling it to shut down a network that marketed fake reviews and fake Amazon seller accounts.
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The lawsuit targeted two individuals who operated more than 75 websites, and the court’s ruling ordered the transfer of the ownership of these domains to Amazon, the company said in a Thursday press release.
The network sold...
Securities and Exchange Commission Chairman Paul S. Atkins announced Thursday (July 31) the launch of “Project Crypto,” an SEC-wide initiative to modernize securities rules and regulations to enable financial markets in the United States to move on-chain.
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In a speech delivered Thursday at the America First Policy Institute in Washington, D.C., Atkins said the project...
CVS is focusing heavily on technology-led care after posting solid Q2 earnings.
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“We are building momentum as we navigate what continues to be a dynamic and evolving environment,” Chief Executive David Joyner told analysts on an earnings call Thursday (July 31), crediting the company’s “diversified business” for offsetting swings in medical costs.
CVS posted an 8.4%...