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The CE 100 Index resumed its winning ways in a holiday-shortened week, notching a 1.7% gain that was powered, in part, for investor enthusiasm for artificial intelligence (AI)-related news.
Only two pillars declined through the final trading days of May, and those losses were muted, as the Shop pillar was 0.3% lower and the Eat segment slipped 0.6%.
The Enablers segment added 2.6%, and here’s...
Google has debuted an app letting users run artificial intelligence (AI) models on their phones.
That’s according to a report Saturday (May 31) by TechCrunch, which said the new tool — dubbed Google AI Edge Gallery — lets users run AI models from the Hugging Face platform. Available now on Android, it will come to Apple’s iOS.
The tool lets users find, download and run compatible models that do...
Payments firm Stripe has reportedly held initial talks with banks about using stablecoins.
As Bloomberg News reported Friday (May 30), these discussions are happening as Stripe is rolling out a series of stablecoin-related products.
“In the conversations we have with them, they’re very interested,” Stripe President and Co-Founder John Collison said in an interview with Bloomberg.
“This is not...
Despite an ongoing legal battle, the U.S. Commerce secretary said tariffs are here to stay.
The levies are “not going away,” Howard Lutnick said in an interview with Fox News Sunday (June 1), days after a federal appeals court paused a block on many of the Trump administration’s sweeping tariffs.
President Donald Trump “has so many other authorities that even in the weird and unusual...
In the last six years, hacking gang Trickbot has stolen hundreds of millions of dollars.
And during that time, the leader of this Russian group — an enigmatic figure known as “Stern” — has remained unidentified. Until now.
As Wired reported Saturday (May 31), law enforcement in Germany now alleges that Stern’s is Vitaly Nikolaevich Kovalev, a 36-year-old Russian.
A recently issued Interpol...
America’s vacation hot spots have cooled somewhat less amid a decline in overseas travel.
“There used to be thousands of people from Canada. They would give me Canadian dollars and I would change it at the bank,” Omar Tallat, 35, who runs a corn dog stand near Times Square, told The Wall Street Journal in a report Sunday (June 1).
“This year,” Tallat added, “business is very bad.”
The report,...
Regulators are reportedly preparing to loosen banking restrictions imposed following the 2008 financial crisis.
As Politico reported Saturday (May 31), financial regulators are close to finishing a proposal that would scale back the rules on how much of a capital cushion big banks must maintain to handle losses and remain afloat during economic calamities.
The proposal is being developed by the...
The hacking group known as “Scattered Spider” has had a busy year.
The gang recently breached the systems of British retailer Marks...
U.S. regulators are reportedly scrutinizing plans by two firms to launch cryptocurrency ETFs.
As Bloomberg News reported on Saturday (May 31), REX Financial and Osprey Funds aim to launch exchange-traded funds (ETFs) that offer staking exposure, allowing investors to reap rewards by pledging tokens that help run the blockchain.
However, the report added, the Securities and Exchange Commission (...
It’s official: the penny’s days are numbered. After more than two centuries of jingling in pockets, lining cash registers and fueling both nostalgia and frustration, the one-cent coin will cease production early next year, the U.S. Treasury has confirmed. The decision, driven by mounting production costs and waning demand, marks the close of an era for a coin that has been a mainstay of American...