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As many consumers look for ways to ease their doomsday anxieties, Costco is positioning itself as the go-to retailer for consumers who are worried about worst-case scenarios. The warehouse club retailer is selling a discounted Emergency Preparedness Food Bucket promising 150 just-add-water food and beverage servings spanning 80 entrees and sides, 30 breakfasts and 40 […]

Cuba has reportedly banned its small businesses from using U.S. bank accounts, just weeks after the Biden administration allowed Cubans to use the banking system. Havana’s decision comes at a time when the country is having its worst economic crisis since the collapse of the Soviet Union and is dealing with inflation that hit 31% […]

Three federal bank regulatory agencies said Thursday (July 25) that they are considering “additional steps” to ensure banks effectively manage risks associated with bank-FinTech arrangements. The agencies said this as they released a joint statement about banks’ third-party deposit arrangements and issued a request for information on bank-FinTech arrangements. The Board of Governors of the Federal Reserve System, […]

Curbee has launched its software-as-a-service (SaaS) mobile service technology platform for car dealers nationwide. This move follows a successful limited launch of the platform in January, the company said in a Friday (July 26) press release. The company also said Friday that it has closed on additional funding, bringing its total amount of funding raised externally to […]

Elon Musk’s xAI has reportedly begun training its artificial intelligence (AI) chatbot, Grok, on users’ posts on X, the social media site also owned by Musk. X added a setting this week, available only to those accessing the social media site on the web, that says: “Allow your posts as well as your interactions, inputs […]

In the digital marketplace, the effortless nature of eCommerce transactions masks a complex network of systems designed to ensure a smooth customer experience. While consumers enjoy a seamless process — from receiving notifications about products to completing purchases with a few clicks — this simplicity is the result of advanced technologies and meticulous back-end operations. […]

Photo editing startup Photoroom plans to power its artificial intelligence (AI) training using 100% renewable energy as tech companies grapple with AI’s growing environmental impact. The Paris-based company, which claims to have amassed over 150 million downloads since its 2019 launch, is betting that eco-friendly computing will be crucial to staying competitive in the rapidly […]

Since the industrial revolution first brought machines into prominence, self-driving vehicles have populated future visions. And with the news that the autonomous delivery robot marketplace is getting a shot in the arm from artificial intelligence (AI), observers are wondering just when self-driving, autonomous vehicles will be a scalable, real-world reality. After all, it was just […]

The Reserve Bank of India (RBI) said Friday (July 26) that it fined Visa Worldwide Pte. Limited for its use of an unapproved payment authentication solution. “It was observed that the entity had implemented a payment authentication solution without regulatory clearance from RBI,” the central bank and regulatory body said in a Friday press release. […]

Spotify Founder and CEO Daniel Ek believes the company’s approach to flexibility for its customers is a key success factor. Second-quarter earnings, reported on Tuesday (July 23), highlightedSpotify’s accelerated revenue growth, achieving record highs for both gross margin and operating income. Innovations like daylist and AI DJ, alongside video podcasts and audiobooks, have deepened user […]