Report: Hackers Exploit File-Transfer Software MOVEit Security Flaw to Steal User Data
Report: Hackers Exploit File-Transfer Software MOVEit Security Flaw to Steal User Data
June 04, 2023  |  Security & Fraud

Hackers have reportedly stolen data from several users of file transfer tool MOVEit Transfer. That’s according to a Friday (June 2) report by Reuters, citing a disclosure...

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House GOP Crypto Bill Lays Out SEC and CFTC Roles
House GOP Crypto Bill Lays Out SEC and CFTC Roles
June 04, 2023  |  Regulation

House Republicans have unveiled legislation they say fills in gaps in the country’s cryptocurrency regulations. The draft proposal, authored by Reps. Patrick McHenry of North Carolina...

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Report: Online Banks’ Deposits Grow as Regionals Struggle
Report: Online Banks’ Deposits Grow as Regionals Struggle
June 04, 2023  |  Digital-First Banking

It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than...

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Record VC ‘Dry Powder’ Could Go to AI
Record VC ‘Dry Powder’ Could Go to AI
June 04, 2023  |  Cryptocurrency

The recent boom in artificial intelligence (AI) has the potential to reshape the crypto industry. That’s according to a June 1 report by cryptocurrency exchange Coinbase, which notes...

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Walmart Commits to 5-Year $200 Billion Global Sales Goal
Walmart Commits to 5-Year $200 Billion Global Sales Goal
June 04, 2023  |  Walmart

Walmart plans to double its overseas gross merchandise volume to $200 billion in five years. “It is a pretty ambitious target,” said Judith McKenna, Walmart...

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Virtual Reality Industry Excitement Said to Hit ‘Fever Pitch’ Ahead of Apple Launch
Virtual Reality Industry Excitement Said to Hit ‘Fever Pitch’ Ahead of Apple Launch
June 04, 2023  |  Metaverse

Will Apple’s planned mixed-reality headset lead to a virtual reality (VR) funding renaissance? That’s the hope of startups in the VR space, according to a Sunday (June...

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Gen Z Splurges on Grocery Treats as Older Consumers Cut Back
Gen Z Splurges on Grocery Treats as Older Consumers Cut Back
June 04, 2023  |  Retail

As older consumers look for ways to reduce their grocery spending in the face of elevated food inflation, most young shoppers continue to splurge on...

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How to Rent Your Summer Wardrobe
How to Rent Your Summer Wardrobe
June 03, 2023  |  Retail

If you can sell your clothes, why can’t you also rent out your clothes? By Rotation, a U.K.-based app, is looking embrace the mindset of...

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Is Fed and FDIC Data on Dropping Bank Deposits a Blip or Trend?
Is Fed and FDIC Data on Dropping Bank Deposits a Blip or Trend?
June 02, 2023  |  Banking

For banks — and specifically for their consumers: No deposit, no return? The bedrocks of finance — the commercial banks — are seeing at least...

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