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Arizona’s governor has vetoed legislation that would have let the state invest in cryptocurrency.
“The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Gov. Katie Hobbs wrote Friday (May 2) in a letter to state Sen. Warren Petersen, president of the state Senate.
“Arizonans’ retirement funds are not the place for the state to...
President Donald Trump is willing to give TikTok more time to find a new owner.
“So perhaps I shouldn’t say this, but I have a little warm spot in my heart for TikTok,” the president told NBC’s “Meet the Press” in an interview that aired Sunday (May 4).
“TikTok is — it’s very interesting, but it’ll be protected. It’ll be very strongly protected. But if it needs an extension, I would be willing...
Airbnb has rolled out an artificial intelligence (AI) bot for customer service in the U.S.
CEO Brian Chesky addressed the use of this tool during the company’s recent first-quarter earnings call, TechCrunch reported Friday (May 2), saying that 50% of customers were already turning to the bot for customer service.
“One thing I’ll say about AI … it is definitely making the customer experience...
Fast food chain Wendy’s is expecting customers to feel financial pressure for the remainder of the year.
To that end, the website Nation’s Restaurant News reported Friday (May 2), the company is leaning into value offerings to attract diners after releasing earnings showing a 2.1% decline in same-store sales.
“We like the second half of the year for the activity that we have,” CEO Kirk Tanner...
The world’s largest cryptocurrency options exchange is reportedly planning to enter the American market.
Dubai-based Deribit is “actively reassessing potential opportunities” in the U.S., CEO Luuk Strijers said in an interview with the Financial Times (FT) Sunday (May 4), after “the recent shift towards a more favorable regulatory stance on crypto in the U.S.”
As the FT noted, Deribit joins a...
Companies in the FinTech sector are making inroads into the telecom world.
That’s according to a report Sunday (May 4) by the Financial Times (FT), pegged to the recent announcement from neobank Revolut that it was launching a mobile service.
As covered here last week, this program will offer users unlimited calls, texts and data at home and a 20GB roaming allowance across Europe and the U.S.,...
With tariffs threatening to raise prices, creditors that lend to the retail space are reportedly worried.
That’s according to a report Saturday (May 3) from Bloomberg News, which cited the example of Saks Global Enterprises.
That department store chain’s creditors were already concerned, even before Saks announced plans to raise more debt, as its notes that mature in 2029 had dropped by 40% in...
Skype, the blue bubble that once connected continents and conference rooms with a single click, will fall silent for good on Monday (May 5). For millions who remember the iconic ringtone and the thrill of seeing a loved one’s pixelated face appear on screen, the news lands with a bittersweet pang: after more than two decades, Microsoft is retiring Skype, the original king of internet calls.
The...
Amazon has rolled out Alexa+, the new version of its voice assistant, to more than 100,000 users so far, Amazon CEO Andy Jassy said Thursday (May 1) during the company’s quarterly earnings call.
Alexa+ will be made available to more users in the coming months, Jassy said. It is now starting to roll out in the U.S. and will be expanded to other countries later this year.
The new version of the...
Apple and Anthropic have reportedly partnered to create a platform that will use artificial intelligence (AI) to write, edit and test code for programmers.
Apple has started rolling out the coding software to its own engineers, Bloomberg reported Friday (May 2). The company hasn’t decided whether to make it available to third-party app developers.
The tool generates code or alterations in...