In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
News
OLB Group, Inc. OLB is a diversified payments and omnicommercetechnology services provider looking to bring its tried and true financial offerings to underserved and financially underrepresented communities. OLB is an emerging player in the payments sector, and its business segments include eCommerce merchant services, along with a Bitcoin mining subsidiary which is expected to be
British Airways, Boots and the BBC on Monday confirmed they had been affected by a “cyber security incident” involving their payroll provider which has affected some of the UK’s best-known names. BA said the incident at Zellis, its payroll provider, was the result of a “new and previously unknown vulnerability” in a file transfer tool
In December of last year, Gartner forecasted that 60% of financial institutions would be looking for composable finance solutions by 2024. Rather than out-of-the-box tech, composable software gives users a library of pre-built modular components that each perform specific functions. This allows users to pick and choose the components they want to essentially build their
Scam alert — Blatant tech frauds run amok on the biggest online marketplaces If I can spot a fake SSD, why can’t Walmart? Scharon Harding – Jun 5, 2023 11:00 am UTC Enlarge / What’re ya buyin’?Aurich Lawson | Capcom reader comments 0 with Online retailers that host third-party sellers, like Amazon and Walmart, have
Fresh after the Federal Reserve bumped interest rates higher by 25 basis points on Wednesday, Robinhood Markets Inc HOOD , a commission-free trading platform, announced it would increase its Robinhood Gold rate to 4.65% APY on May 4. What Happened: The new rate is 19 times more than the national average savings rate. Customers can
Liveblog — Liveblog: All the news from Apples WWDC 2023 keynote Get your updates about iOS, macOS, and more right here. Samuel Axon – Jun 4, 2023 8:28 pm UTC Enlarge / Apple’s promotional image for WWDC 2023.Apple reader comments 38 with Liveblog starts in: View Liveblog CUPERTINO, Calif.At 10 am Pacific Time (1 pm
Coming to a workplace near you? — They plugged GPT-4 into Minecraftand unearthed new potential for AI A bot plays the video game by tapping the text generator to pick up new skills. Will Knight, wired.com – Jun 3, 2023 10:54 am UTC EnlargeMicrosoft reader comments 88 with The technology that underpins ChatGPT has the
close video Karl Rove gives his 2024 GOP primary outlook amid growing field of candidates Former White House deputy chief of staff Karl Rove discusses the impact Mike Pence and Chris Christie will have jumping into the 2024 GOP primary race on ‘Maria Bartiromo’s Wall Street.’ Twitter co-founder Jack Dorsey on Sunday officially endorsed Robert
In April, total card expenditure per household was down 1.2% year on year, as measured by Bank of Americaaggregated credit and debit cards. Thisfollows the trend seen inconsumer prices. The credit card data captured by Bank of America markedthe first decline in card spending since February 2021. Why It Matters: A reduction in household credit
Tesla IncTSLA CEO Elon Musk is once again under scrutiny as he faces a proposed $258 million class action lawsuit accusing him of insider trading and manipulating the meme cryptocurrencyDogecoinDOGE/USD . Allegations: Investors allege that Musk used various tactics, including Twitter posts, paid influencers, and his appearance on Saturday Night Live, to profit from Dogecoin
The Very Long Play Record — AI-expanded album cover artworks go viral thanks to Photoshops Generative Fill Generative Fill uses AI to dream up larger versions of famous artwork. Benj Edwards – May 31, 2023 10:05 pm UTC Enlarge / An AI-expanded version of a famous album cover involving four lads and a certain road
Finance and payments company PayPal Holdings PYPL reported first quarter financial results after market close Monday. Here are the key highlights. What Happened: PayPal reported first-quarter revenue of $7.04 billion, which was up 9% year-over-year. The revenue beat a Street consensus estimate of $6.98 billion, according to data from Benzinga Pro. The company reported earnings
SHANGHAI – Tesla chief executive Elon Musk departed Shanghai on Thursday, wrapping up a two-day trip to China in which he met senior Chinese government officials, including the highest-ranking vice-premier. Photos and a video of Mr Musks visit late on Wednesday to Teslas Shanghai factory the automakers biggest production hub showed him holding up a
In December of last year, Gartner forecasted that 60% of financial institutions would be looking for composable finance solutions by 2024. Rather than out-of-the-box tech, composable software gives users a library of pre-built modular components that each perform specific functions. This allows users to pick and choose the components they want to essentially build their
Bitcoin BTC/USD traded higher, with the cryptocurrency prices above the $27,000 level on Friday. Ethereum ETH/USD also recorded gains, trading close to the key $1,900 mark this morning. The US economy added 339,000 jobs in May, significantlyhigher than market estimates of 190,000.The unemployment rate, however,increased to 3.7% in May. Injective INJ/USD was the top gainer
One of the most well-known internet acquisitions of 2002 was when eBay Inc EBAY announced it was acquiring PayPal Holdings Inc PYPL . Investors who bought eBay shares on the day the deal was announced have done quite well for themselves. Years later, eBay decided to spin off PayPal. Heres a look at the performance
Gigabit — Millions of PC motherboards were sold with a firmware backdoor Hidden code in many Gigabyte motherboards invisibly and insecurely downloads programs. Andy Greenberg, wired.com – Jun 1, 2023 1:04 pm UTC EnlargeBeeBright/Getty Images reader comments 39 with Hiding malicious programs in a computers UEFI firmware, the deep-seated code that tells a PC how