Fidelity Limits Mobile Deposits as Banks Defend Against Check Fraud
Online check fraud schemes boom forces major US banks to introduce additional security measures such as drastically decreasing limits to mobile deposits as Fidelity recently did.
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US Consumer Sentiment Improves
The rise of consumer sentiment continues to be observed in the United States.
Fintech Firm Chime Reportedly Taps Morgan Stanley to Handle IPO
Media reports that Chime Financial Inc., which specializes in financial technology and focuses on providing free services, has tapped Morgan Stanley to lead its initial public offering (IPO) of shares.
Alphabet to Invest in South Carolina
Business giant Alphabet, which ownership structure includes Google, plans to invest $3.3 billion in South Carolina.
PayPal Enables Crypto Payments for Business Accounts
PayPal U.S. business accounts finally receive crypto capabilities similar to those individual consumers have been enjoying for years.
Visa and Mastercard Allegedly Spend Millions to Block Competition
Critics from the government watchdog argue that the Visa-Mastercard duopoly burdens businesses and customers with high fees.
Meta Demonstrates New AR Smart Glasses
Orion smart glasses by Meta are described as a time machine bringing users a glimpse of a fascinating future where reality and virtual environment seamlessly blend.
Micron Shares Demonstrate Significant Increase
On Thursday, September 26, the value of shares of Micron Technology, a manufacturer of memory semiconductors, headquartered in Boise, Idaho, showed an increase of more than 13%.
Meta Unveils Quest 3S VR Headset
Meta has announced Quest 3S, a virtual reality headset that was developed by the unit specialists of this technology giant called Reality Labs and differs from its predecessor product in a similar functional orientation at a more affordable price.
Mira Murati to Leave OpenAI
OpenAI chief technology officer Mira Murati is leaving this startup, which is the latest high-profile departure from the company that developed the world’s most popular chatbot called ChatGPT.
Startup Wiz Reportedly Explores Shares Sale
The media, citing knowledgeable insiders, report that the startup Wiz Inc., which operates in the cybersecurity area, is currently in discussions regarding the sale of existing shares at a valuation of up to $20 billion.
Blackstone and Vista Equity Partners to Acquire Smartsheet
Collaboration software maker Smartsheet announced on Tuesday, September 24 that Blackstone and Vista Equity Partners would acquire it.
US Banks Benefit From High Interest Rates
According to media reports, during the period of high interest rates in the United States, local banks collectively managed to earn $1 trillion.
PNC and Plaid Collaborate on Secure Sharing of Banking Data
PNC Financial Services Group and Plaid have formed partnerships in which the bank’s customers are allowed to securely share their data with third-party financial apps and services.
JPMorgan Chase CEO Says Inflation Likely to Persist
JPMorgan Chase chief executive officer Jamie Dimon said on Friday, September 20, that he through the prism of skeptical perception, evaluates the prospects that a soft landing scenario will be implemented in the space of the economic system of the United States.
SEC Seeks to Sanction Elon Musk
The Securities and Exchange Commission (SEC) has asked a federal judge to sanction Elon Musk if the billionaire continues to violate a court order to testify about his acquisition of the social media platform Twitter, currently named X, in 2022.
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