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Coupang faces an investor class action lawsuit alleging that it violated securities laws after a data breach.
The lawsuit was filed in California and alleges that the eCommerce company, which is operates globally and is South Korea’s biggest online retailer, misled investors about its data security practices and failed to disclose the breach in a timely manner, Reuters reported Monday...
Twenty-one states and the District of Columbia sued the Trump administration Monday (Dec. 22), aiming to stop what they said is illegal defunding of the Consumer Financial Protection Bureau (CFPB).
In their complaint, the attorneys general allege that CFPB Acting Director Russell Vought is attempting to completely defund the agency by refusing to request funding from the Federal...
When leaders outside of finance think of treasury management … they typically don’t.
For much of its history, the enterprise treasury function has been taken at face value as something operational, essential and largely invisible. But, as 2025 proved, that mindset is coming to an end.
Looking ahead to 2026, treasury has come to sit at the center of the enterprise, increasingly...
Bank of America expects artificial intelligence (AI) to have a growing effect on the economy next year and beyond.
Speaking Monday (Dec. 22) with Bloomberg Television, Bank of America CEO Brian Moynihan said that AI had an increasing impact this year and that it will accelerate in the coming years.
Moynihan said this while sharing that Bank of America expects the U.S. economy to grow 2...
As peak holiday demand stretches supply chains to their limits, global retailers like Amazon, Walmart and Target are leaning heavily on artificial intelligence (AI) and robotics to move goods faster, reduce errors and protect workers from physically demanding tasks. What was once experimental technology has become core infrastructure, reshaping how companies handle seasonal surges across...
Trucking industry insurance company Nirvana has raised $100 million.
The company’s Series D round, announced last week, will allow it to bolster its operating system, which it says it constructed to combat the industry problem of slow decisions and innovation cycles that could stretch into years.
“Telematics and AI have changed that equation,” wrote Co-Founder and CEO Rushil Goel. “For...
Venture capitalists poured hundreds of millions of dollars into business efficiency tools in mid-December, leading large funding rounds for startups promising to untangle corporate operations.
Companies like Cyera, Tebra, Mythic and more secured capital to deploy platforms that centralize fragmented data and reduce administrative overhead across regulated industries.
Securing and...
Looking for a travel-related business that’s actually booming during the year of COVID-19? It’s out on the water, in rented boats of every shape and size from kayaks to luxury yachts.
“We had our drop-off in April, and then come May we saw a very quick rebound, Bryan Petro, chief operating officer of boat rental and charter marketplace GetMyBoat, told PYMNTS. “From April [to August], we are...
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk.
Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, and rumors online began to circulate. One poster relayed...
Two innovators approached a well-heeled investor asking for money. Their sales pitch was very convincing. They told this investor that their innovation was so incredibly cutting-edge that only the hopelessly uninformed would fail to recognize its value. The innovators said that they had picked him because he was smart and forward-thinking enough to see the potential. The investor, who prided...