February, 2025

February, 2025

FICO Announces Plan to Add BNPL to Credit Score Calculations
Following a joint study with buy now, pay later (BNPL) firm Affirm, FICO has said that it is planning to add BNPL data to its credit score analysis. The analytics firm said in a Tuesday (Feb. 4) news ...

Job Openings Decline Points to Slowing but Steady Labor Market
The number of job openings decreased by 556,000 in December and stood at 7.6 million on the last business day of the month. The number was down from 8.2 million at the end of November, the Bureau of L...

Grubhub Reports Data Breach Affecting Some Diners, Drivers and Merchants
Online food delivery marketplace Grubhub said Monday (Feb. 3) that it recently identified an incident involving a third-party contractor in which there was unauthorized access to certain user contact ...

GOP Senator Sponsors Bill to Regulate Stablecoins
A Republican senator is backing legislation to create a framework for stablecoins. The bill floated by Tennessee’s Bill Hagerty is designed to create a predictable regulatory environment for stablec...

Report: GM Cuts 1,000 Jobs at Cruise After Ending Robotaxi Project
General Motors is reportedly cutting 1,000 jobs in its Cruise business unit after a previously announced decision to stop funding its robotaxi project. The cuts amount to almost half of the workforce ...

Musk vs OpenAI Suit Could Be Headed for Trial
A federal judge has ruled that Elon Musk’s suit against OpenAI might proceed to trial. And if and when that happens, the world’s richest man would have to appear in court and testify, Reuters repo...

UK Warns of AI Startups Leaving Due to Capital Shortfalls, Regulatory Complexity
Promising artificial intelligence (AI) startups created in the U.K. are at risk of leaving for other countries like the U.S. due to lack of adequate capital, regulatory complexity and differences in c...

Candescent Names US Bank Vet Gareth Gaston as Product Chief
Digital banking platform Candescent has named a new chief product officer. Gareth Gaston, described by Candescent as an “industry powerhouse,” is joining the firm after more than a decade at U.S. ...

Senate Bill Would Cap Credit Card Interest Rates at 10%
Senators Bernie Sanders, I-Vermont, and Josh Hawley, R-Missouri, introduced a bill Tuesday (Feb. 4) that would cap credit card interest rates at 10%. The Sanders-Hawley bill would cap the interest rat...

Auto Hauler Exchange Raises $5 Million for Vehicle Shipping Platform
Vehicle transportation marketplace Auto Hauler Exchange (AHX) has raised $5 million in new funding. The company said its Series A round, announced in a news release Tuesday (Feb. 4), will allow it to ...

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February