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Financial Technology
Why Your Wireless Carrier Wants to Access Your Bank Account
Carriers are offering discounts to avoid rising credit-card fees, but consider important factors before making any changes. Source link
A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the world’s most valuable companies. Source
Schulman Having Bumpy Landing After Taking PayPal to New Heights
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.
PayPal Names Intuit Executive Alex Chriss as Next CEO, Replacing Dan Schulman
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Amazon's Palm-Payment Effort Is a Sneak Attack on Apple and Google
It’s also a potentially massive play to make Amazon the central ID system for your whole life—from banking and loyalty programs to tickets, age verification
U.S. to Ban Some Investments in China
President Biden plans to sign an executive order that will also require U.S. private-equity and venture-capital firms to disclose certain investments in the country. Source
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source link
Apple, Amazon, Starbucks to Report in Packed Earnings Week
Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest
He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.
Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto
Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion
The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. Source link