Fintech is an easy scapegoat for a bigger problem: To keep nonbanks from benefiting from a new small-business lending rule, some objectors pointed to PPP fraud.
A big cloud services drought could amount to involuntary AI slowdown: Cloud server chips and energy supplies buckle under the weight of generative AI demands, adding to monopoly likelihood.
VCs flock to hypersonic planes: Aviation startups are planning ahead for decarbonization regulation to hit air travel. Destinus’ hydrogen-powered hypersonic jet is ultrafast and carbon-free, but there’s a catch.
The sector that spearheaded the pandemic’s remote work shift is struggling with bringing workers back to offices—employees feel happier and more productive working remotely.
Musk wants influence, not Twitter: Disinterested in legacy social media, Musk is remaking the platform into an X app with a broader scope. Controversy over AI and misinformation awaits.
Is IBM missing the AI-weather forecasting connection? The tech giant is considering shedding its weather assets, but climate change’s effects mean businesses need better forecasting technologies.
Iterating mobile operating systems: Android 14 and iOS 17 focus on enhancing health, accessibility, and region-specific features to make future smartphones even more vital personal devices.
Founders tend to bank on the coasts, where network and community are strong. Digital banking can help foster innovation elsewhere, but it will take some nurturing.
The Bank of England is hiring for its Britcoin digital currency, but politicians and the public may not be as enthusiastic.
Rising interest rates have caused office building valuations to drop. Now banks face an increased risk of real estate loan defaults.
Visa+ will connect Venmo and PayPal before expanding to other wallets. Here's what it means for P2P apps.
Mastercard’s latest cross-border tool targets SMBs: The payments giant wants to stay ahead of the curve as cross-border payments gain steam.
Email is the testing ground for AI in advertising: Mailchimp is the latest email marketing platform to launch AI features for clients.
Meta Verified draws criticism over legal name mandate: Paid feature meant to prevent impersonation poses risks for some creators.
On today's episode, we discuss why advertisers aren't returning to Twitter, what the impact of the new blue check mark will be, and whether folks actually want to pay for social media. "In Other News," we talk about the potential of TikTok's sister app Lemon8 and what to make of TikTok's new "Series" feature. Tune in to the discussion with our analyst Jasmine Enberg.
Walmart is shuttering four stores in Chicago: The retail giant says that the stores lose “tens of millions of dollars a year,” and their annual losses nearly doubled in the last five years.
Inflation eased for the ninth straight month in March: But falling grocery prices may not be enough to restore consumers’ declining confidence.