Tuesday, March 11, 2025

Trump Says Higher Tariffs Will Draw More Manufacturing to US
President Donald Trump said Tuesday (March 11) that the tariffs his administration is imposing will pay off in investments in American factories and jobs. In an address to the quarterly meeting of the...

LoanDepot Originations Surge 34% on Lower Rates, CEO Says Housing Market ‘Remains Challenged’
LoanDepot’s fourth quarter earnings, released after the markets closed on Tuesday (March 11) indicated double-digit growth loan originations that took advantage of lower interest rates toward the en...

Qualcomm CEO: AI Is the New User Interface for Devices
Qualcomm CEO Cristiano Amon said Tuesday (March 11) that artificial intelligence (AI) is ushering in the next fundamental shift in how humans interact with technology, describing it as a “generation...

Airlines Report Bookings Drop Amid Macroeconomic Uncertainty
A day after Delta Air Lines cut its guidance, citing lower U.S. consumer confidence, three more airlines made similar comments about the current macroeconomic environment. In presentations made Tuesda...

Report: Anthropic’s Annualized Revenue Reaches $1.4 Billion
Anthropic’s annualized revenue reportedly reached $1.4 billion in early March, up 40% from $1 billion at the end of 2024. The latest figure puts the artificial intelligence (AI) startup at about the...

OpenAI Product Chief Says ChatGPT Will Become Agentic in 2025
The artificial intelligence (AI) industry in 2025 will be defined by the shift to AI agents that move beyond answering questions to completing tasks in the real world. That includes OpenAI‘s plans f...

Stripe, Paxos CEOs Say Payments Ecosystem Needs Stablecoins and Blockchain but Not CBDC
Payment stablecoins, blockchain and other digital innovations, including tokenization, will enable more efficient money movement across the globe, while ensuring primacy of the U.S. dollar in transact...

Report: Fed Governor Michelle Bowman Likely Pick for Vice Chair for Bank Supervision
Federal Reserve Governor Michelle Bowman is reportedly the front-runner to become the next vice chair for bank supervision. Bowman, who was appointed to her current role by President Donald Trump in 2...

Synctera Raises $15 Million Amid Embedded Finance’s Evolution
Banking-as-a-Service (BaaS) and embedded finance firm Synctera raised $15 million in new funding. The financing brings Synctera’s total funding to $94 million and will help support the acceleration ...

Broker Rule That Impacted Digital Assets Overturned in House of Representatives as HJ Res 25 Approved
The House of Representatives has passed HJ Res 25, which seeks to rescind the Biden Administration’s ‘Broker Rule’, which undermined digital assets. The Senate is considering an identical docume...

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Tuesday, March 11, 2025

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