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Walmart’s third-party marketplace has reportedly opened the door to scammers and sellers of counterfeit goods.
That’s according to the findings of a CNBC investigation published Friday (Sept. 19), which showed that customers on the Walmart website sometimes receive counterfeit and potentially dangerous products.
The investigation found at least 43 vendors who used the identity of...
BitGo has become the latest cryptocurrency company planning to enter the stock market.
The crypto custody provider filed Friday (Sept. 19) for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The filing listed net income of $12.6 million on revenue of $4.19 billion for the first half of the year, compared with net income of $30.9 million on revenue of...
Amazon’s subscription cancellation policy will face a jury trial this week.
As The Wall Street Journal (WSJ) reported Sunday (Sept. 21), the case will be a major test of the Federal Trade Commission’s (FTC) efforts to enforce what it alleges are deceptive subscription practices.
The regulator had sued Amazon in 2023, claiming the tech giant tricked people into signing up for its...
Alibaba’s big bet on artificial intelligence (AI) could reportedly make it one of the world’s biggest companies.
That’s according to a report Saturday (Sept. 20) by CNBC, charting the Chinese tech giant’s shift from eCommerce to AI.
In the last three years, Alibaba has taken part in deals worth more than $3.3 billion, including investments in AI model startups Moonshot and MiniMax to...
The White House is reportedly discussing a website where patients could purchase discounted prescription drugs.
This site — which would potentially carry President Donald Trump’s brand — would allow consumers to buy their medications straight from pharmaceutical companies, Bloomberg News reported Friday (Sept. 19), citing sources familiar with the talks.
The effort follows the...
The Bureau of Labor Statistics (BLS) is postponing its annual consumer spending report.
The announcement Friday (Sept. 19), presented without explanation, follows President Donald Trump’s recent firing of the bureau’s head.
“The 2024 Consumer Expenditures annual data release scheduled on September 23, 2025, will be rescheduled to a later date,” the bureau’s announcement said. “We will...
London is reportedly seeing a wave of cryptocurrency robberies connected to mobile phone thefts.
That’s according to a report Saturday (Sept. 20) by the Financial Times (FT), which noted that these thefts differ from some of the more dramatic forms of crypto crimes, which can involve kidnappings and threats of violence, if not actually violence.
But thanks to the rising popularity of...
European regulators reportedly want to block American tech giants from a new financial data-sharing system.
As the Financial Times (FT) reported Sunday (Sept. 21), the European Union aims to exclude Amazon, Apple, Google and Meta from this system, designed to allow for the development of digital consumer finance products.
This decision, the report added, would mark a victory for banks...
This Weekender takes a fresh look at Halloween in the era of AI: how payments shape the party, how algorithms pick your costume, why chocolate feels pricier than ever, and where the season’s luxe splurges live. Consider it your lighthearted field guide to October’s weirdest mash-up: fintech, AI and fright night.
“Boo baskets” went from neighborly prank to budget line item. TikTok’s...
Amazon reseller Pattern reportedly raised $300 million Friday (Sept. 19) in its initial public offering and saw its shares close up 11%.
Pattern sold shares at $14 in its IPO. Its stock opened at $13.50 and closed at $15.63, CNBC reported Friday. The IPO valued the company at $2.5 billion.
Pattern was founded in 2013 as iServe Products, changed its name to Pattern in 2019, and...