News - page 55

Fintech & Ecommerce

Anatomy Financial Raises $19 Million

Anatomy Financial raised $19 million as part of the Series A funding round.

Finance & Economics

S&P 500 Rises 1% on Christmas Eve

In the United States, the stock market experienced an upward dynamic on Christmas Eve.

Science & Technology

Meta Platforms Bets on AI

The era of artificial intelligence as a kind of historical moment, if it has not yet fully become a state of affairs reflecting the content of the current condition of the global technology sector, then it will definitely be one soon since there are no more advanced functional systems and there is also no higher […]

Science & Technology

CIMB and Gentari to Drive Green Mobility and Facilitate Decarbonisation

Malaysia’s clean energy solutions provider Gentari has teamed up with the local bank CIMB Group Holdings Berhad to promote green mobility and decarbonise the value chain across the ASEAN region.

Fintech & Ecommerce

Visa Analysis Reveals Online Holiday Shopping Growth

Online retail shopping during the holiday season increased by 7.1%, according to Visa observations, though the majority of purchases still take place in brick-and-mortar stores.

Blockchain & Crypto

Crypto.com Launches U.S. Custody Trust Company

Crypto.com exchange expands its institutional services in the U.S. with the dedicated entity – Crypto.com Custody Trust Company.

Science & Technology

Amazon and Universal Music to Combat Unlawful AI-Generated Content

Amazon and Universal Music Group (UMG) have expanded the scope of their partnership.

Finance & Economics

Retailer Party City Files for Bankruptcy

Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.

Fintech & Ecommerce

Klarna Becomes Default Option for WooCommerce

Klarna payments will be automatically enabled for all the new merchants using the WooCommerce platform.

Finance & Economics

Nordstrom to Go Private

Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

Science & Technology

Apple Approaches $4 Trillion Valuation

Apple is currently approaching its historical market capitalization indicator of $4 trillion.

Finance & Economics

Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut

Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.

Finance & Economics

China Keeps Benchmark Lending Rates Steady

Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.

Science & Technology

Southeast Asia Seeks to AI Boom

Southeast Asia is gradually becoming a promising investment hot spot for leaders in the global artificial intelligence industry such as Nvidia and Microsoft, which are making financial injections in cloud services and data centers.

Finance & Economics

Wells Fargo Leaves Climate-Banking Group

Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.

Fintech & Ecommerce

Justt Raises $30 Million

Chargeback management company Justt raised a $30 million investment to bolster its platform powered by artificial intelligence.