On a mission to move money efficiently to power business productivity, we take a look at Modulr and its latest funding round Founded in 2015, Modulr is the payments as a service API platform for digital businesses, which has...
Hyundai Motor on Friday confirmed plans to spend $5.54 billion to build its first dedicated electric vehicle and battery manufacturing facilities in the U.S. The plants will be located outside of Savannah, Georgia, in Bryan County, the...
Congress will launch a bipartisan effort to break up Google’s advertising hegemony in another pitched battle between lawmakers and big tech. The Competition and Transparency in Digital Advertising Act would prohibit companies that exceed $20 billion in...
Mastercard’s biometric ‘wave to pay’ initiative uses customer gestures as part of its identity security but experts are concerned about data privacy Global payments network leader, Mastercard, has launched a new biometric payment initiative called 'wave to pay' that uses customer body language to manage its verification and security. While payments using physical gestures...
Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve, called for U.S. lawmakers to regulate stablecoins in an effort to address “financial stability risks.” In a confirmation hearing before...
Kohl’s on Thursday said final and fully financed bids from potential buyers are expected in the coming weeks, as the retailer faces heightened pressure from activists to sell. Chief Executive Officer Michelle Gass said Kohl’s has been “pleased with the number of parties who recognize the value of our business and...
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday....
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year. In written testimony for a Wednesday hearing of the...
Birgit Rodolphe, an executive director at Germany's Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union (EU). BaFin is Germany’s financial regulatory body responsible...
The average national retail price for a gallon of regular gasoline is projected to surpass $6 by the of summer, according to a recent JPMorgan research note. On Wednesday, the national average hit another record, reaching $4.56...
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