Employment data revision washes $60B from crypto market cap
The crypto market lost $60 billion in market capitalization during the two hours following revised employment data, revealing a significantly weaker US labor market than previously reported.
The Burea...
US Import Volumes Poised to Decline Amid Tariff, Policy Uncertainty
U.S. import cargo volumes are projected to decline for the remainder of 2025, after a near-record summer surge driven by retailers stocking up ahead of rising tariffs and an unpredictable trade policy...
Marqeta Names Mike Milotich Permanent CEO
Marqeta, a card issuing platform that enables embedded finance solutions, announced Tuesday (Sept. 9) the appointment of Mike Milotich as its CEO and a director, effective immediately.
Milo...
Microsoft Will Use Anthropic Models in Office 365 Copilot
Microsoft plans to buy access to Anthropic’s artificial intelligence (AI) models for parts of Office 365 Copilot, partly reducing its reliance on OpenAI, The Information reported.
Under...
Manual Bank Transfers Scare SMEs: Tink
According to new research from Tink, UK SMEs relying on outdated manual bank transfers as a primary method of payment lost out on an estimated £6.15 billion in sales last year. The study surveyed 2,...
Fiservs at Acute AI-Related Fraud Risk: Nexos.ai
As the financial and insurance industries race toward an estimated $97 billion in artificial intelligence (AI) spending by 2027, up from $35 billion in 2023, they face some of the highest AI risk expo...
