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The Federal Reserve’s latest Beige Book survey—a qualitative assessment of the economy, small business and consumer sentiment—indicated that caution is the rule of the day.
The input, released Wednesday (Sept. 3), spans the 12 Federal Reserve Districts.
Bank and branch directors, businesses, community organizations, economists, market experts and other sources indicated a somewhat...
Instagram has launched a version of its app that is optimized for Apple’s iPad and that device’s bigger screen.
The new Instagram for iPad opens with Reels, the app’s short video format, because people use bigger screens like the iPad’s for “lean back entertainment,” the company said in a Wednesday (Sept. 3) blog post.
The app also makes it easy for users to access Stories and...
Synctera and LoanPro have partnered to provide a platform that helps companies launch banking and credit card products and tailor the experience to their customers’ needs.
The collaboration brings together Synctera’s banking and payments platform and LoanPro’s lending and credit platform, Synctera Chief Product and Technology Officer Ellen Linardi wrote in a Wednesday (Sept. 3) blog...
Elon Musk’s artificial intelligence startup xAI has reportedly seen a string of executive departures, with the latest being its chief financial officer.
Mike Liberatore joined xAI as CFO in April and left at the end of July, The Wall Street Journal reported Wednesday (Sept. 3), citing unnamed sources.
xAI did not immediately reply to PYMNTS’ request for comment.
Liberatore, a former...
Google dodged a pair of antitrust bullets on either side of the Atlantic this week but could still come under increased competitive fire, analysts said.
The penalty imposed on the company by U.S. District Judge Amit Mehta, one year after finding that Google operates an illegal monopoly in online advertising, was far more modest than the Justice Department had sought and competitors...
College-focused social app Fizz is reportedly entering the world of grocery delivery.
As TechCrunch reported Wednesday (Sept. 3), it’s part of a new partnership with delivery service GoPuff that lets students order things like snacks to groceries within the Fizz app in as quickly as 15 minutes.
“Gopuff was founded by college students and has long had a strong presence on campuses, so...
Yunfeng Financial Group, a Hong Kong-based provider of brokerage, asset management, insurance and FinTech services that is linked to Jack Ma, disclosed Tuesday (Sept. 2) that it invested $44 million to acquire 10,000 ether (ETH) as reserve assets.
“The ETH are accounted for as investments in the financial statements of the Group,” the firm said in a Tuesday voluntary announcement. “The...
The Federal Reserve is holding a conference in October focused on payment system improvements.
The conference, scheduled for Oct. 21, will explore several aspects of payments innovation, including the intersection of traditional and decentralized finance and the convergence of artificial intelligence (AI) and payments, the central bank announced Wednesday (Sept. 3).
“Innovation has...
Aeon now enables Brazilian users to pay with cryptocurrency assets while merchants receive Brazilian Real via the nation’s instant payment network, Pix.
The capability is powered by the company’s new Scan-to-Pay feature that it added to its Web3 mobile payment solution, Aeon Pay, in Brazil, according to a Wednesday (Sept. 3) press release.
The integration allows Brazilian users to pay...
Fitness hardware brand Polar has introduced a screen-free, subscription-free fitness band.
The Finnish company on Wednesday (Sept. 3) debuted its Polar Loop, which tracks activity, sleep and other health metrics.
“There’s growing demand for more discreet, screenless experiences that fit seamlessly into everyday life,” Polar CEO Sander Werring said in a news release. “This trend has...