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Embedded capital FinTech Pipe is reportedly set to name a new chief executive.
Luke Voiles, who became the company’s CEO in 2023, will be replaced by Pipe’s chief product officer, Jason Mikula of FinTech Business Weekly wrote Sunday (Dec. 7) on LinkedIn.
Sources familiar with the matter told Mikula that Pipe’s chief product officer, Claurelle Rakipovic, would step into the CEO role,...
It’s been almost a year since the White House began cutbacks at the Consumer Financial Protection Bureau (CFPB).
Now, workers at the CFPB remain in a holding pattern, The Wall Street Journal (WSJ) reported Sunday (Dec. 7).
The widespread layoffs planned by President Donald Trump’s administration have been paused by courts following a suit from a workers’ union. As that case is pending...
Smartphone companies in China are reportedly promoting apps to help customers switch from the iPhone.
That’s according to a report Sunday (Dec. 7) by the Financial Times (FT), which characterizes this as a bid by these companies to capture market share as Apple struggles to debut artificial intelligence (AI) offerings in this massive smartphone market.
The report said the five biggest...
Criminals are reportedly turning to stablecoins hide wealth from their illicit activities.
That’s according to a report Sunday (Dec. 7) by The New York Times (NYT). The newspaper said it analyzed corporate filings, blockchain data and online forum messages to determine that stablecoins are often returned to the banking system by converting funds into debit cards.
“These ‘cash to...
The wave of executive departures hitting Apple recently may not yet have crested.
Johny Srouji, senior vice president of hardware technologies, recently informed CEO Tim Cook that he is thinking seriously about stepping down in the near future, Bloomberg News reported Saturday (Dec. 6), citing sources familiar with the matter.
The report added that Srouji, who leads Apple’s in-house...
A new artificial intelligence-powered tool that lets shoppers see how they would look in different outfits is resonating with clients, Stitch Fix CEO Matt Baer said Thursday (Dec. 4).
“We’re seeing engagement from our clients that far exceeded our expectations when we rolled out the beta just a couple of months ago,” Baer said during the company’s quarterly earnings call.
Stitch Fix...
On the holiday gift list, your pet is the only recipient who will neither say “thank you” nor fake delight while quietly calculating the resale value of your choices.
Dogs will wag for a box of tissues. Cats will treat a $900 smart gadget with the same disdain they reserve for your Zoom camera. And yet, every December, we collectively decide that the creature who already owns the couch...
A bill introduced in the U.S. Senate Wednesday (Dec. 3) would enable the government to gather more data to better understand the impact of artificial intelligence (AI) on the workforce.
The AI Workforce Projections, Research, and Evaluations to Promote AI Readiness and Employment Act, or AI Workforce PREPARE Act, (S.3339) was introduced by Sen. Jim Banks (R-Ind.) and is cosponsored by...
The recent series of executive departures from Apple has reportedly been accompanied by moves further down the org chart.
Those moves include dozens of employees who left Apple for OpenAI and Meta in recent months, the Wall Street Journal reported Friday (Dec. 5), citing its study of LinkedIn profiles.
These employees include engineers and designers with expertise in areas such as...
Overall consumer credit growth slowed in October, but the headline number masks a trend: households are shifting toward revolving credit as they manage day-to-day liquidity and holiday spending. Total consumer credit rose at a seasonally adjusted annual rate of 2.2% in October, down slightly from 2.6% in September, according to Fed data released Friday (Dec. 5).
Yet beneath that...