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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%...
Watch more: How Stablecoins Are Transforming Enterprise Financial Strategy
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Keeping an open mind is key to learning.
Few innovations across payments and finance may require industry leaders to keep an open mind more than stablecoins.
Stablecoins are digital assets pegged to a fiat currency, most commonly the U.S. dollar. Once the preserve of cryptocurrency enthusiasts...
Watch more: Ingo CEO Says Payouts Are the New Paycheck With Modern Money Mobility
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As businesses rush to offer instant payment capabilities, there’s the danger of simply checking the box rather than embedding these capabilities into a broader, more strategic money mobility framework.
This short-sighted approach risks commoditization and being left behind by more...
Real-time payments are emerging as a standard for swift, efficient and convenient transactions. But getting there entails significant investments in payment infrastructure on the part of FinTechs, financial institutions (FIs) and central banks.
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A spate of recent announcements highlighted in the latest PYMNTS installment map the real-time march across the globe. Firms...
The financial stability of the nation’s supply chain hinges on its fleet drivers, making the high turnover rate in this critical sector a pressing concern for financial services providers and logistics companies.
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It’s been in the news lately as Visa has introduced new digital wallet options for fleet drivers and managers to streamline payments. Delays in payment...