News
Walmart Sees Executives Depart Following New CEO's Arrival
17+ min ago (457+ words) A pair of Walmart executives are reportedly leaving the retail giant in the wake of new CEO John Furner's arrival. That's according to a report Friday (May 22) from CNBC, citing internal memos seen by the network." These memos say that…...
Uber Makes $11 Billion Bid to Acquire Delivery Hero
41+ min ago (437+ words) European food delivery platform Delivery Hero says it has received a takeover offer from Uber. "Uber Technologies reached out with an indicative proposal of "33 per share in respect of a potential takeover offer to all shareholders," the company said in…...
SEC Puts Tokenized Asset-Linked Stocks Plan On Hold
1+ hour, 13+ min ago (448+ words) Regulators have reportedly paused plans to let cryptocurrency companies trade tokenized assets tied to stocks. The Securities and Exchange Commission (SEC) had been preparing to introduce its "innovation exemption" for tokenized stocks but has since put that plan on hold,…...
Circle Co-Founder Raises $30 Million for Agentic-Driven Finance
1+ hour, 30+ min ago (470+ words) Agentic artificial intelligence startup Catena Labs has raised $30 million as it seeks a banking charter. The company, led by Circle Co-Founder Sean Neville, announced last week that the U. S. Office of the Comptroller of the Currency (OCC) had accepted Catena's filing…...
Anthropic Eyes $900 Billion Valuation as Quarterly Revenue Doubles
1+ hour, 58+ min ago (399+ words) Anthropic'is set to close a funding round in which it could raise over $30 billion and be valued at over $900 billion, Bloomberg reported'Friday (May 22), citing unnamed sources. The artificial intelligence startup could close the round as soon as this week, though…...
The Weekender: When Banks Start Dressing for the Job They Want
1+ day, 15+ hour ago (710+ words) Before a bank branch disappears, apparently, it must first become Barbie's dream collateral. In Easton, Pennsylvania, the former Fidelity Bank branch at 101 S. Third St. has been painted a glorious, unapologetic pink ahead of its planned demolition for The Lynden, a…...
ACL Compliance is Not a Nap: Takeaways From the Emma Sleep Penalty and Unfair Trading Reform
2+ day, 6+ hour ago (180+ words) By: Tamara Hunter & Ruiteng Liu (Mallesons) Est'e Lauder and Puig Call Off Merger Negotiations May 22, 2026 by CPI US Senators Warn of Foreign Influence Risks in Paramount-Warner Bros Merger May 22, 2026 by CPI Google Challenges Federal Antitrust Decision Over Search Dominance May…...
Open AI and Moon Pay Let Chat GPT Users Buy Crypto Without Leaving Chats
1+ day, 23+ hour ago (287+ words) We are officially the first and only crypto onramp integrated in Chat GPT," the company said'in'a Friday'(May 22)'post on X. With this integration, Chat GPT users can search Moon Pay" in Apps, connect, and buy any token, according to the…...
FDIC Establishes Bank Secrecy Act Standards for Stablecoin Issuers
1+ day, 23+ hour ago (317+ words) It would also establish and align supervision and enforcement provisions for these AML/CFT programs with Fin CEN requirements, according to the release. The proposed rule is detailed in the'notice of proposed rulemaking'(NPRM) approved by the FDIC Board, and…...
Mastercard Pushes Brazilian Processors to Split Banco Master Losses
2+ day, 38+ min ago (392+ words) Mastercard'is asking some of Brazil's largest payment processors to pay half the cost of its losses from the failure of'Banco Master, Bloomberg'reported Friday (May 22). Banco Master's Fin Tech'Will Financeira'issued cards that used Mastercard's network, and Will's collapse left Mastercard on…...