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U.S. Bank will serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins, the companies said in a Wednesday (Oct. 8) press release.
The bank is one of the nation’s largest global custodians and has clients that include financial institutions, corporations, insurance companies, government entities, foundations and other institutional asset owners,...
America’s travel economy suffered $1 billion in lost spending in the week since the government shutdown began, the U.S. Travel Association said Wednesday (Oct. 8).
The nonprofit organization representing the travel industry said in a press release that the economic fallout from the shutdown topped $1 billion Wednesday morning.
Geoff Freeman, president and CEO of the U.S. Travel...
Tariffs have raised costs and complicated logistics, yet they’ve also showcased how resilient merchants can be when incentives shift toward efficiency and control. Goods producers, which includes retailers and tech firms, report higher input costs and delivery delays, but they also point to opportunities to localize sourcing and harden supply chains against further shocks.
As seen in...
European classifieds company Adevinta reportedly could launch an initial public offering for its German auto marketplace, Mobile.de, in Frankfurt around the middle of 2026.
Adevinta, which is owned by Permira and Blackstone, is pursuing a “dual track process” in which both an IPO and a sale of Mobile.de are being considered, the Financial Times reported Wednesday (Oct. 8), citing...
Few titles carry as much weight in balancing risk and opportunity as CFO. And that weight is only growing.
Over at least the last five years, and with mounting urgency post-pandemic, CFOs have faced a dual mandate: to modernize aging financial infrastructure and to safeguard enterprises against sophisticated fraud and compliance risks.
Artificial intelligence (AI) has become central...
Hospitals are facing unprecedented cost pressures and persistent staffing challenges, forcing a deeper look at where automation can make a measurable impact. The American Hospital Association’s “Cost of Caring” report shows that labor and related compensation now account for nearly 56% of total hospital expenses, underscoring the system’s heavy reliance on human capital. Executives are turning to...
JPMorgan Chase CEO Jamie Dimon declined to rule out the possibility of a recession in 2026, saying Tuesday (Oct. 7) that he will “hope for the best, plan for the worst.”
During an interview with Bloomberg Television, when asked if he is “worried about” the possibility of a recession in 2026, Dimon said: “I think it could happen in 2026. I just, ‘I’m not worried about it,’ is a...
FurtherAI raised $25 million in a Series A funding round to expand the capabilities and the adoption of its artificial intelligence workspace purpose-built for the insurance industry.
The company will use the new funding to expand its library of insurance-specific workflows, deepen its integration with the systems of brokers and carriers, and scale its go-to-market teams, it said in a...
Thinking Machines, the artificial intelligence (AI) startup founded by former OpenAI executive Mira Murati, has released its first product, Tinker, a training application programming interface (API) that gives organizations full control over model training and fine-tuning while the company manages the underlying infrastructure.
With Tinker, Thinking Machines joins a growing number of...
Google’s virtual try-on technology now lets users see how they would look in a pair of shoes that they found online.
Beginning Wednesday (Oct. 8), the company added shoes to the other clothing items available in this artificial intelligence-powered technology, it said in an announcement.
“To try on shoes, just tap on any product listing on Google, select the ‘try it on’ button and add...