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Avishek Das | Lightrocket | Getty ImagesSynchrony Financial, the credit card issuer for brands including Amazon, Walmart and Lowe’s, is working with OpenAI to allow shoppers to buy products directly inside ChatGPT using their store cards.The deal is one of the first major moves by a U.S. consumer lender to bring financing, payments and rewards directly into an AI chatbot.While agentic commerce has become a catchphrase for the next phase of online shopping, consumers who discover items in an AI agent are typically still routed to a brand’s website to complete the purchase. To change that, OpenAI has signed deals…
The investor prefers businesses that earn cash through ordinary operations before storing part of it in Bitcoin. Bitcoin investor and Ego Death Capital co-founder Jeff Booth has said that Strategy’s long-term survival comes down to one condition: BTC has to work as an actual currency, not just sit on a balance sheet as an asset. Booth made the case in a wide-ranging interview with Scott Melker, and it ties the fate of the world’s largest corporate Bitcoin holder directly to whether BTC itself moves beyond being just another financial holding. Why Strategy Needs Bitcoin to Become Money Booth told…
13F is a quarterly report that institutional investors managing over $100 million must disclose with the SEC. 13Fs can provide valuable insight into America’s top investors. Below are the 5 most important 13Fs to watch:NVIDIANVIDIA is the largest company in the world by market cap ($5 trillion). Beyond its size, the company’s investments are worth watching because no other company on the planet has its finger on the pulse of the AI boom like NVIDIA and its iconic CEO Jensen Huang. At a 44% weighting, Intel (INTC) remains its largest position. Earlier this year, NVIDIA made a $5 billion investment…
Elliptic, the London-headquartered blockchain analytics firm, has launched an upgraded version of its Continuous Monitoring product aimed at crypto compliance teams. The new release expands the range of risk-changing events the system can detect and adds configurable alerting controls designed to reduce alert fatigue, which the company says can cut manual rescreening and alert triage by up to 75 per cent. The product addresses a well-documented operational problem for money laundering reporting officers (MLROs) at exchanges, custodians and digital asset firms. Customer risk profiles are not static after onboarding: wallets that score low at the point of screening can subsequently…
AI companies are seeing improved financial performance, according to reports, and memory-chip companies may be able to better fend off Chinese competition with the help of U.S. officials.
A lot of cars are lined up for importing and exporting cars to the port.Kokouu | E+ | Getty ImagesJapanese automakers are looking vulnerable to fallout from the Iran war and any turnaround in the yen.Toyota, Honda and Nissan benefited in their most recent quarterly reports from a historically weak currency, with the first two upgrading their full-year forecasts and the latter seeing its first profit in about two years. But outside factors might not be so cooperative going forward.The U.S. Treasury and Japan’s Ministry of Finance jointly coordinated a rare yen-buying intervention in early August in a historic move,…
Water companies could be allowed to raise bills for customers during periods of drought under proposals being considered by the sector’s regulator for England and Wales.Suppliers would be permitted to factor “water scarcity” into bills as part of efforts to reduce consumption under Ofwat’s plans, which are being likened to surge pricing – the practice where private hire firms raise taxi fares at times of higher demand.The proposals come just a few days after the prime minster, Andy Burnham, said he was angry with water companies and accused them of treating their customers like a “blank cheque” after more than…
Switzerland’s Federal Council has launched a public consultation on sweeping changes to the country’s Banking Act and Liquidity Ordinance, in what could be the final element of the country’s existing overhaul of its ‘too big to fail’ rules.The reforms involve three Swiss authorities: the government’s Federal Council, the Swiss Financial Market Supervisory Authority (Finma) and the Swiss National Bank. The current consultation, launched on August 12, proposes amendments to the Banking Act and Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.To access these options, along with all…
DefiLlama’s founder said Apple removed one fake app within days after the company documented it draining funds from a small crypto wallet.
The stock market continues to grapple with volatility amid geopolitical tensions in the Middle East and concerns about the sustainability of the AI boom. Given this uncertainty, investors looking for steady income can add dividend-paying stocks to their portfolios.Tracking the recommendations of top Wall Street analysts can help investors pick the right dividend stocks, as these experts assign their ratings after an in-depth analysis of a company’s financials and ability to pay dividends consistently. Here are three dividend-paying stocks that are highlighted by Wall Street’s top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance.Phillips 66Downstream energy…
