Bitcoin Hits Record High After Stablecoin Bill Advances in Senate
Bitcoin reportedly hit an all-time high of $109,730 Wednesday (May 21), driven in part by the Monday (May 19) news that a stablecoin bill advanced in the U.S. Senate.
The cryptocurrency reached its pr...
Earnings Season Finds AI Edge in Lending
Anywhere you looked, from mid-April to this week, as earnings season stretched out over the weeks, it was impossible not to hear and read about the impact of artificial intelligence (AI).
The recent s...
Report: LVMH Tells Analysts Demand Remains Weak in Luxury Sector
Luxury conglomerate LVMH reportedly told investors and analysts that demand remains soft due to weaker consumer confidence in China and other markets.
This message may signal that the company’s se...
Amazon CEO Andy Jassy Says Tariffs Have Not Affected Sales
Amazon CEO Andy Jassy told shareholders during a virtual meeting Wednesday (May 21) that the tariffs the President Donald Trump administration imposed on imported goods have not affected sales.
“We ...
Samsung Wallet Adds ‘Tap to Transfer’ Feature for P2P Payments
Samsung Wallet in the U.S. now simplifies peer-to-peer (P2P) payments with the help of Visa Tap technology and the Visa Direct money movement solution.
With the launch of this Samsung Tap to Transfe...
OpenAI Acquires Jony Ive’s AI Device Startup for $6.4B
About two years ago, Jony Ive’s son was so enthralled with OpenAI’s ChatGPT that he told his dad, “You’ve got to meet Sam.”
That would be OpenAI CEO Sam Altman and Ive, the former chief desi...
