Visa and Mastercard Allegedly Spend Millions to Block Competition
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
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Meta Demonstrates New AR Smart Glasses
Orion smart glasses by Meta are described as a time machine bringing users a glimpse of a fascinating future where reality and virtual environment seamlessly blend.
Micron Shares Demonstrate Significant Increase
On Thursday, September 26, the value of shares of Micron Technology, a manufacturer of memory semiconductors, headquartered in Boise, Idaho, showed an increase of more than 13%.
Meta Unveils Quest 3S VR Headset
Meta has announced Quest 3S, a virtual reality headset that was developed by the unit specialists of this technology giant called Reality Labs and differs from its predecessor product in a similar functional orientation at a more affordable price.
Mira Murati to Leave OpenAI
OpenAI chief technology officer Mira Murati is leaving this startup, which is the latest high-profile departure from the company that developed the world’s most popular chatbot called ChatGPT.
Startup Wiz Reportedly Explores Shares Sale
The media, citing knowledgeable insiders, report that the startup Wiz Inc., which operates in the cybersecurity area, is currently in discussions regarding the sale of existing shares at a valuation of up to $20 billion.
Blackstone and Vista Equity Partners to Acquire Smartsheet
Collaboration software maker Smartsheet announced on Tuesday, September 24 that Blackstone and Vista Equity Partners would acquire it.
US Banks Benefit From High Interest Rates
According to media reports, during the period of high interest rates in the United States, local banks collectively managed to earn $1 trillion.
PNC and Plaid Collaborate on Secure Sharing of Banking Data
PNC Financial Services Group and Plaid have formed partnerships in which the bank’s customers are allowed to securely share their data with third-party financial apps and services.
JPMorgan Chase CEO Says Inflation Likely to Persist
JPMorgan Chase chief executive officer Jamie Dimon said on Friday, September 20, that he through the prism of skeptical perception, evaluates the prospects that a soft landing scenario will be implemented in the space of the economic system of the United States.
SEC Seeks to Sanction Elon Musk
The Securities and Exchange Commission (SEC) has asked a federal judge to sanction Elon Musk if the billionaire continues to violate a court order to testify about his acquisition of the social media platform Twitter, currently named X, in 2022.
American Airlines Reportedly Plans to Make Citigroup Its Exclusive Credit Card Partner
Media reports indicate that American Airlines is currently in talks aimed at making Citigroup its exclusive credit card partner.
Fed Governor Christopher Waller Says About Fast Inflation Softening
Federal Reserve Governor Christopher Waller on Friday, September 20, during a conversation with media representatives, said that this week at a meeting of the central bank of the United States on monetary policy, he supported the decision to cut interest rates by a half percentage point rate, since the currently observed rate of decline in […]
Abu Dhabi Seeks to Expand Partnership With Washington Through AI
Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States, as reported by the media, is aimed at reaching agreements on a higher level of cooperation between Abu Dhabi and Washington in the context of preparing for the continuation of partnership relations between the two capitals within the framework of […]
Fed Cuts Interest Rates
The Federal Reserve System on Wednesday, September 18, decided to cut its benchmark interest rate by a half percentage point.
Wells Fargo Presents New APIs for Commercial Banking Clients
Wells Fargo presented specialized application programming interfaces (APIs) designed for clients of this financial institution who belong to the category of consumers of commercial banking services.
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