August 21, 2024
Consumers Paid the Price for Overstated Job Growth That Kept...

A downward revision to previously released job market data might be enough to spur interest rate cuts. But the damage to the paycheck-to-paycheck economy — to all consumers, in fact,...

August 21, 2024
Riley ‘Baby Bond’ Investors Take Action Amid Heavy Losses

Investment firm B. Riley is reportedly being scrutinized after recently warning of its biggest-ever quarterly loss. As Bloomberg News reported Wednesday (Aug. 21), retail investors are bearing the brunt of the company’s troubles. Based...

August 20, 2024
Shadow Banking’s Surge Leads to ‘Know Your Business’ Priority

There used to be an old radio show that asked about the evil that lurked in peoples’ hearts. “The Shadow knows,” intoned the narrator. We’ll bend that verbiage a bit...

August 19, 2024
Venture-Backed Startups Going Bankrupt at Alarming Rate

Startup failures in the U.S. have surged by 60% in the past year, posing a threat to millions of jobs and potentially impacting the wider economy. Data from Carta, a...

August 18, 2024
HIPstr Raises $100 Million to Combat Early-Stage Funding Drought

Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff —...

August 16, 2024
US House Leaders Call on Regulators to Focus on AI...

Leaders of the House Financial Services Committee (HFSC) called on the Treasury Department to focus on the potential benefits of artificial intelligence as the department considers how to regulate the...

August 15, 2024
House Republicans Slam CFPB’s Medical Bill Proposal

House Republicans are attacking a proposal that would remove medical bills from consumer credit reports. The Consumer Financial Protection Bureau (CFPB) issued its proposed rule in June, quickly drawing a...

August 15, 2024
AI Startups Gain Traction Tackling Software, eCommerce and Healthcare

Artificial intelligence (AI) is making its mark on the business world, with several tech companies reporting growth in retail and healthcare sectors. These firms are leveraging AI to address persistent...

August 15, 2024
Alibaba’s Profits Fall 27% as Chinese Consumers Cut Back

Alibaba’s Chinese commerce business has shrunk for the first time amid weak consumer spending. The Chinese conglomerate released earnings Thursday (Aug. 15) showing a 27% decline in profit, which dampened the hopes of...