Bank Indonesia governor Perry Warjiyo resigns unexpectedly; rupiah slips

Spanish banks are reportedly offering a new bank-to-bank in-store payment system, challenging American payment systems. That’s according to a report Wednesday (July 22) from Bloomberg News on the efforts of Bizum, a consortium of 30-plus banks in Spain. The group has just introduced Bizum Pay, which lets consumers transfer funds from their bank accounts to a merchant via…

There is never a good time for a stock to be on the losing end of an analyst downgrade or a sinking price target adjustment, but the worst possible scenario has to be just before the publicly traded company steps up with fresh financials. This happened on Monday, with Oppenheimer slashing its price target on…

Key Takeaways Adam Mosseri is the CEO of Instagram, an app with three billion users. In a recent interview, Mosseri revealed that he looks for three traits in new hires, regardless of discipline. Mosseri likened an openness to AI to the beginning days of learning a new language. AI is disrupting the workforce, but at…

The U.S. Mint is now producing a $1 coin featuring President Donald Trump’s face, tied to celebrations of America’s 250th birthday this year, the Treasury Department said Wednesday. The coin’s final design was approved earlier this year by the U.S. Commission of Fine Arts—a body whose members were appointed by Trump—though the version unveiled Wednesday…

Samsung Electronics plans to add stablecoin support to Samsung Wallet, expanding its mobile payments and rewards platform to include digital assets.

AI chatbots are finding new professions every day — they’re coders, therapists, boyfriends and now, maybe even financial advisors. According to a new NerdWallet survey, more than a quarter of Americans (26%) say they’ve used an AI chatbot to find answers to personal finance questions. About half of those users (49%) say they asked AI…