Shares of Visa and Mastercard were sliding Friday after The Wall Street Journal reported that Walmart and Amazon.com among other merchants, have been considering issuing their own stablecoins to customers, a move that could siphon revenue from traditional payments providers. Merchants’ decisions on whether to unveil stablecoins—cryptocurrencies pegged to stable currencies like the U.S. dollar—rest on the passage of the Genius Act, a bill moving through Congress that would regulate the coins and require issuers to maintain reserves of dollars or other liquid assets, the Journal said...
Continue ReadingThe self-driving car market is booming, but another company is off to an early lead...
Continue ReadingGoogle's AI Overviews are "hallucinating" false information and drawing clicks away from accurate sources, experts warned The Times of London late last week. Google introduced its AI Overviews, a feature that aims to provide quick answers to search queries, in May 2024. Summaries are written by Google's Gemini AI – a large language model similar to ChatGPT – scans through the results of the search to create the graphs and includes links to some of the sources. Don't Miss: Maker of the $60,000 fo...
Continue ReadingApple (NasdaqGS:AAPL) recently faced a legal challenge from VoIP-Pal.com Inc., which initiated an antitrust lawsuit involving Apple and other tech giants. The lawsuit, targeting their alleged suppression of lawful competition in standalone Wi-Fi Calling, comes amidst Apple's introduction of several updates across its product lines, including significant enhancements in iPadOS, iOS, and macOS. Despite these developments, Apple's share price moved by a modest 2% last week. This reflects the.....
Continue ReadingThe Department of Transportation's National Highway Traffic Safety Administration plans to accelerat...
Continue ReadingAmazon and Talen revised an existing deal to buy power from the Susquehanna nuclear power plant...
Continue Reading(Reuters) -Amazon said on Friday its healthcare business will be divided into six new units as part of a restructuring effort, in a move that comes after recent top health executive departures. The company's chief medical officer, Sunita Mishra, stepped down last month, while Aaron Martin, who has been the vice president of the healthcare unit, is also set to step down. This reorganization follows a series of other executive departures, including Vin Gupta, who served as chief medical officer of Amazon Pharmacy, and Trent Green, the CEO of One Medical...
Continue ReadingInvesting.com -- Apple shares may benefit from short-term upside as deep discounting in China fuels stronger-than-expected iPhone and iPad sales, according to Morgan Stanley...
Continue ReadingIYY and IWB are two similar large and mid-cap ETFs, holding about 1,000 of the largest US-traded companies. Read the full comparison of the stocks here...
Continue ReadingInvesting.com -- Tesla (NASDAQ:TSLA) stock rose 2.6%, hitting a session high on Friday after a report that the US government is taking steps to ease regulations that have hindered the deployment of self-driving vehicles without driver controls...
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