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New York Fed: Consumers Expect Inflation to Slow
Consumers’ expectations about the direction of inflation broadly improved in May. [contact-form-7] Among all demographics and across the three time periods about which they were surveyed, ...

OpenLedger Invests $25 Million to Combat ‘Extractive’ AI Economy
Blockchain protocol OpenLedger reportedly plans to commit $25 million to AI and Web3 developers. [contact-form-7] As CoinDesk reported Monday (Jun 9), the capital will be available via O...

Retail Federation: Imports Will Surge During Tariff Pause
The National Retail Federation is projecting a summertime surge in U.S. import cargo. [contact-form-7] The uptick, the federation (NRF) said in a news release Monday (June 9), will happe...

Accounting Firm RSM US to Invest $1 Billion in Agentic AI
RSM US LLP, a provider of assurance, tax and consulting services for middle-market companies, will invest $1 billion over the next three years to integrate agentic artificial intelligence (AI). [...

Amazon Announces $20 Billion Cloud/AI Project in Pennsylvania
Amazon is investing at least $20 billion in Pennsylvania to expand its data center infrastructure. [contact-form-7] The new investment, announced Monday (June 9), is aimed at bolstering t...

CFPB Funding in Crosshairs of Senate Banking Committee’s Megabill Provisions
A so-called megabill grabbing headlines and making its way through Congress is on track to further alter the Consumer Financial Protection Bureau, an agency already in flux during the first few months...

Report: Reasoning AI Models Fail When Problems Get Too Complicated
The latest large reasoning models (LRMs) experience “complete accuracy collapse” when faced with highly complex tasks, according to a new paper co-authored by researchers from Apple. [conta...

How Embedded Finance, AI and Automation Are Redefining B2B Payment Networks
Since the inception of the paper check, B2B payments have traditionally gotten the short end of the stick when it came to subsequent innovations in payments. [contact-form-7] In the consume...

Walmart Bets On AI Assistant Sparky To Ignite Sales
Walmart is expanding its artificial intelligence (AI) offerings by introducing a new shopping assistant. [contact-form-7] Customers can now access the generative AI-powered “Sparky” on t...

Plaid Launches Request for Payment
Plaid now enables instant pay-ins as well as instant payouts via its flexible multi-rail payment platform, Plaid Transfer. [contact-form-7] The financial data network has added support f...