Stay updated with the latest finance, banking, and economy news from the USA. Explore expert insights and breaking news on financial trends, market updates, and economic policies shaping the United States.

China is intensifying its efforts to accelerate AI development

Iflytek AI Experience Hall In Hangzhou  CFOTO/Future Publishing via Getty Images China is ramping up efforts to drive the development of artificial intelligence (AI) and calling for global collaborators to

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China prohibits the purchase of Micron chips for critical infrastructure investments.

Jason marz/Getty Images China has banned critical information infrastructure (CII) operators from buying products from American chipmaker Micron Technology, citing serious security risks. The directive from Beijing comes on the

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Walmart tests instant payments

Walmart’s expansion into personal finance continues with the announcement of its upgraded pay-by-bank offering, set to roll out next year. The service will allow Walmart customers to make instant transfers

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Here’s what we know so far about Xiaomi’s MIX Flip foldable phone going global

Xiaomi/ZDNET Chinese phone maker Xiaomi has revealed its MIX Flip smartphone will soon leave China and roll out globally. Company founder and CEO Lei Jun said on X (formerly Twitter)

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FinTech Futures: Highlights of the Week’s Top Five News Stories – September 20, 2024

The European Union (EU) announced on Tuesday that it has imposed tariffs on up to $4 billion worth of US goods, in retaliation for illegal American subsidies to Boeing. This

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European Researchers Gain Access to TikTok’s API in Transparency Commitment

NurPhoto/Contributor/Getty Images TikTok is giving researchers in Europe access to its public data, expanding the social media platform’s Research API beyond America. The move is part of efforts to “bring

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At Nike, a veteran laces up his cleats again; action ignites

John Donahue, the CEO of Nike whose strategy had been blamed for the poor performance of the stock in recent months, is stepping down. To replace him, Nike turned to

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China blames US intelligence agencies for cyber attack in Wuhan

Grant Faint/Getty Images China has reiterated claims that last month’s cybersecurity attack on a Wuhan facility was the work of American intelligence agencies, pointing to a “very complex” malware used

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UniCredit’s Acquisition of Commerzbank Invigorates Cross-Border Bank Mergers

Italy’s UniCredit has acquired a 9% stake in Germany’s Commerzbank and indicated its intention to seek a merger between the two financial institutions. UniCredit purchased its shares from the German

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Seizing control of the customer interface in the future of payments

Payments play a crucial role in the financial world, acting as important conduits that allow money to flow smoothly, much like how plumbing is essential for the distribution of water.

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