The FinTech Hub
Source: The Verge Let’s pause and look at what the Elon Musk administration has done so far. There’s been a lot of panic about the immediate but somewhat abstract constitutional crisis as Elon Musk’s misleadingly-named Department of Government Efficiency (DOGE) rips the government apart. And as much fun as we all are having watching Congress…
Source: The Verge Struggling electric truck company Nikola said it was filing for Chapter 11 bankruptcy protection on Wednesday and would sell off its assets, effectively ending a challenging journey punctuated by rapid cash burn, allegations of fraud, and the incarceration of its first CEO and founder. Nikola said it would seek an auction and…
Source: The Verge Chase Bank is going to make it harder to use Zelle for transactions stemming from social media. In an update to its policy on Zelle, Chase says it may “decline or block” payments related to purchases from social media marketplaces or messaging apps, as spotted earlier by Bleeping Computer. The new policy,…
Source: The Verge The New York Times has reportedly approved artificial intelligence tools that newsroom staff can use for editing copy, summarizing information, coding, and writing. The publication announced in an internal email that product and editorial staff will receive AI training, according to Semafor, and introduced a new internal AI tool called Echo for…
Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: The Verge President Donald Trump’s tariffs on China, Canada, and Mexico are presented by the president and his boosters as a boon to American businesses. If products from China are more expensive, the argument goes, then people will instead buy from counterparts based in the US. But for small businesses manufacturing in the US,…
Source: The Verge Apple has resumed advertising on X for the first time since pausing ads more than a year ago. The company was one of many to halt advertisements over concerns for brand safety following Elon Musk’s purchase of the social network. While X’s approach to content moderation has changed little since then, Big…
Source: The Verge I have heard it said that fame is the most addictive of all drugs. I have been skeptical about this, but Elizabeth Holmes’ ongoing PR saga makes me wonder if it is, in fact, true. Holmes has appeared in People magazine to tell us that prison is “hell and torture,” in the…
Source: The Verge Almost 250 years after the Declaration of Independence, America has gotten herself a new king. His name is Elon Musk. “Wait a minute,” you may be saying. “What about President Donald Trump?” Trump ran, much like Silvio Berlusconi before him, primarily to avoid prosecutions. He has never liked being president and he…
Source: The Verge President Donald Trump has paused the removal of the de minimis exemption on goods from China, temporarily putting an end to the confusion and high fees that have plagued both customers and businesses over the past few days. The de minimus exemption allows packages valued at less than $800 to enter the…
