Tens of thousands of Bank of America customers have reported a network outage preventing them from accessing their bank accounts or seeing a $0 balance. Reports of service issues started to come in at about 4:26 pm UTC on Oct. 2 and peaked about one hour later with nearly 18,000 Bank of America customers reporting […]
All eyes are on the negotiations between dockworkers on the East Coast and port operators as consumers and business owners worry about their bottom line. “It’s definitely going to cause chaos the longer it goes on,” says Professor of Supply Chain Management Steven Carnovale of Florida Atlantic University. Outside Port Miami Wednesday, longshoremen held up […]
Oct 2 (Reuters) – OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as […]
According to an Oct. 2 announcement, the United States Securities and Exchange Commission’s (SEC) chief enforcer, Gurbir Grewal, will step down on Oct. 11 after a stint distinguished by his aggressive policing of the cryptocurrency industry. The SEC has not chosen Grewal’s permanent replacement but Sanjay Wadhwa, deputy director of the SEC’s enforcement division, will […]
US stocks closed firmly lower on Tuesday after Iran fired over 100 ballistic missiles at Israel, pushing oil prices for West Texas Intermediate (CL=F) and Brent (BZ=F) to their biggest increases in nearly a year. The tech-heavy Nasdaq Composite (^IXIC) led the declines, shedding around 1.5%. The Dow Jones Industrial Average (^DJI) moved about 0.4% […]
Physical demand for gold across key markets has tumbled as prices continue to rise, with some retail consumers opting to sell their holdings and book the profit, industry players and analysts said. Spot gold rose to a record $2,685.42 per ounce on Sept. 26, and has gained around 29% so far this year – heading […]
PENNSYLVANIA, USA — On Monday, Pennsylvania Turnpike officials announced that customers can now use Google Pay and Apple Pay as the newest options to pay tolls. “These new payment options deliver what the majority of our customers want: seamless and convenient mobility,” said Pa. Turnpike CEO Mark Compton. “Our customers have a clear preference for […]
Mastercard and Amazon have teamed to digitize payment acceptance in Africa and the Middle East. The partnership between Mastercard and Amazon Payment Services, announced Monday (Sept. 30), covers countries that include Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and the United Arab Emirates. The collaboration will see Amazon Payment Services adopt Mastercard Gateway […]
The harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday. The September harmonized CPI figure had been forecast to come in at 1.9% according to a Reuters poll. In August, the harmonized CPI had surprisingly eased to 2%. […]
DETROIT — Ford Motor is aiming to boost sales of its electric vehicles by addressing potential customer concerns through a new program that includes free home-charging installation and other benefits. The “Ford Power Promise” program begins Tuesday for customers who purchase or lease a new Ford EV such as the F-150 Lightning pickup truck or Mustang Mach-E crossover. Part of […]
Last week, the Federal Reserve cut interest rates by half a percentage point. Now, The Wall Street Journal reported Thursday (Sept. 26), small business owners aren’t sure how to proceed. In some cases, the report says, the rate cut is prompting businesses to invest. For example, there’s Rental Concepts, a tire-and-wheel retailer in Arkansas, which […]
A new digital wallet and instant payment solution dubbed “Wero” is reportedly being rolled out across western Europe. Backed by 16 of the European Union’s major banks and payment processors, Wero will allow consumers to pay with their own bank account, Bloomberg reported Friday (Sept. 27). Wero aims to provide consumers with an alternative to Visa and Mastercard cards, according to […]
