Feed Items
Congressional Review Act (CRA) resolutions introduced Thursday (Feb. 13) in the U.S. House and Senate would overturn the Consumer Financial Protection Bureau’s (CFPB) final rule capping overdraft fees.
The resolutions were introduced by House Financial Service Committee Chairman French Hill, R-Ark., and Senate Banking Committee Chairman Tim Scott, R-S.C., according to Thursday press releases.
“...
Mass government layoffs have reportedly begun under the White House’s plan to shrink the federal bureaucracy.
The firings have been happening over the last 48 hours, Reuters reported Thursday (Feb. 13), citing union sources and employees familiar with the situation.
The layoffs have primarily targeted recently-hired workers still on probation, at agencies including the Department of Education,...
A group of news publishers has sued artificial intelligence (AI) firm Cohere for copyright infringement.
The federal lawsuit, filed Thursday (Feb. 13) in New York, accuses Cohere of improperly using at least 4,000 copyrighted works to train its AI large language model, The Wall Street Journal (WSJ) reported Thursday.
In addition, the suit also accuses Cohere of displaying large portions of...
Jobless claims dropped last week, with analysts saying the numbers show a stable labor market with a historically low number of layoffs.
During the week ended Saturday (Feb. 8), the number of Americans filing initial claims for unemployment insurance dropped by 7,000, the Department of Labor said in a Thursday (Feb. 13) press release. The number dropped to 213,000, down from the previous week’s...
Regions Bank has debuted a tool designed to help treasury management clients better manage cash flow.
Regions Embedded ERP Finance, announced Thursday (Feb. 13), lets clients connect financial data to their enterprise resource planning (ERP) systems, allowing them to optimize liquidity, reduce risks and more clearly anticipate business needs.
“Currently, business clients manually enter or upload...
Adyen’s second-half 2024 results took note of the widespread embrace of solutions to enable omnichannel commerce, and demand for a broad range of payment options across several global markets.
And in detailing the results of its platform and debit-focused businesses (allowing for additional routing options in the U.S.) the company noted momentum among enterprises and marketplaces processing...
Apptronik raised $350 million to help deploy its Apollo humanoid robot.
The company’s Series A round will also allow it to scale operations and expand its staff to meet what it said is a surge in demand for artificial intelligence-powered humanoid robots, according to a Thursday (Feb. 13) press release.
“We’re creating the world’s most advanced and capable humanoid robots, designed to work...
Higher prices for energy, food, and transportation and warehousing led a 0.4% month-over-month increase in the Producer Price Index for final demand in January.
The PPI, which measures wholesale prices, also saw a year-over-year increase of 3.5%, the Bureau of Labor Statistics (BLS) said in a Thursday (Feb. 13) press release.
Because the PPI measures wholesale prices, meaning some of the input...
Coupa has unveiled more than 100 new features for its spend management platform.
The new features, announced Thursday (Feb. 13), are aimed at boosting operational efficiency and supplier collaboration and engagement.
“Every product release brings us closer to Coupa’s vision of a fully autonomous spend management future,” Salvatore Lombardo, Coupa’s chief product and technology officer, said in a...
Mastercard is bringing its TRACE financial crime-fighting and anti-money-laundering tool to the Asia-Pacific region.
TRACE uses “timely and large-scale payments data from multiple financial institutions” to provide intelligence beyond a “financial institution’s siloed view,” allowing financial crime tracing across payment networks, according to a Thursday (Feb. 13) news release.
Consumers and...