Private Credit Boom Threatens Stability, Says Global Watchdog
Private credit, representing lending by nonbank entities to companies, has in recent years come to rival traditional bank lending in size and influence. According to the U.S. Federal Reserve, private ...
MIT Says AI Could Replace Nearly 12% of US Workforce
Artificial intelligence systems can already perform tasks equal to 11.7% of the workforce in the United States, according to research from the Massachusetts Institute of Technology released Wednesday ...
Shopify Outage Locks Merchants Out on Cyber Monday
What should have been a Cyber Monday victory lap for Shopify turned into a midday nightmare as merchants worldwide lost access to their admin dashboards and point‑of‑sale systems on one of the bus...
Attorneys General Form Multistate Coalition to Examine BNPL
State attorneys general from Connecticut and North Carolina have opened an inquiry into the U.S. buy now, pay later (BNPL) sector, putting the industry’s largest providers on notice.
Led ...
