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A housing bill passed Thursday (March 12) by the U.S. Senate includes a provision that would ban the Federal Reserve from issuing central bank digital currencies (CBDCs) until at least the end of 2030, CoinDesk reported Thursday.
The 21st Century ROAD to Housing Act places limits on the number of homes that private equity firms and other large investors can own. It also includes an...
AI is delivering measurable financial gains for businesses, with most companies reporting increased revenue and cost savings, according to AI company Nvidia.
New State of AI reports from Nvidia find that 88% of organizations say artificial intelligence has increased their annual revenue, while 87% report cost reductions. The findings suggest that the technology is no longer confined to...
In the long contest between Amazon and Walmart, strategy has rarely been static.
The headlines this week show that while Walmart is investing in supply chain automation, with 23 of its 42 regional distribution centers in the U.S. currently being retrofitted, Amazon is broadening what its search engine can do.
On Wednesday (March 11), the eCommerce juggernaut said it expanded Shop...
As software eats the business world, workflows across B2B are becoming data problems for chief financial officers.
The shift reflects the broader truth about modern business that, as software eats the world, it also eats the workflow.
Things that used to live inside their own department, like sales, operations, procurement, HR, customer support and compliance, are now embedded in...
The Federal Reserve is set to unveil relaxed capital requirements for U.S. banks.
That’s according to a speech Thursday (March 12) by Fed Vice Chair for Supervision Michelle Bowman, who said the new proposals should arrive in the coming week.
“These changes to the capital framework eliminate overlapping requirements, right-size calibrations to match actual risk, and comprehensively...
The Commodity Futures Trading Commission (CFTC) said Thursday (March 12) that it is seeking public comment on whether it should amend or issue new regulations governing event contracts traded on prediction markets.
The regulator also reminded designated contract markets (DCMs) of their obligations under current regulations.
The request for public comment came in an advanced notice of...
Anthropic reportedly wants to sell its Claude technology to private equity (PE) firms’ clients.
The artificial intelligence (AI) startup has been in talks with PE groups like Blackstone and Hellman...
Truist Financial has teamed with Plaid to expand open banking access for its clients.
The data access agreement is designed to give customers better financial control and insights, Sherry Graziano, Truist’s head of digital, client experience and marketing, said in a Thursday (March 12) news release.
“This is just one way we’re providing a secure, personalized banking experience that...
International freight industry platform Freightos appointed its chief financial officer and interim CEO, Pablo Pinillos, as its CEO and a member of the board of directors, effective Monday (March 16).
The move comes after Freightos founder Zvi Schreiber stepped down from his role as CEO in January to pursue other entrepreneurial interests. Schreiber is now the founder of a “stealth...
FinTech Wizz Financial achieved a company milestone for cross-border transactions, according to a Thursday (March 12) press release.
Wizz completed its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, the release said.
The transaction was carried out in collaboration with BitGo’s digital...