AI chip startups FuriosaAI, Nuvacore, d-Matrix pursue major funding rounds at higher valuations- The Information
AI chip startups FuriosaAI, Nuvacore, d-Matrix pursue major funding rounds at higher valuations- The Information
Ex-CFPB Chiefs Launch Consumer-Focused Law Firm
Three former senior enforcement leaders from the Consumer Financial Protection Bureau (CFPB) have launched a public interest law firm that will focus on consumer rights, tenant rights, workers’ rights and civil rights. Eric Halperin, Cara Petersen and Tara Mikkilineni led a CFPB team that secured orders for $9.5 billion in penalties and payments to consumers between 2021 and 2025, according to a Tuesday (July […]
The Most Iconic Ice Cream Shop in Every State
Nothing beats cooling off with an ice-cream cone on a hot summer day. And no matter whether you’re strolling a beach boardwalk, exploring a small town, or taking a road trip across the country, a stop at a beloved local ice cream shop is a summer tradition in every state. To identify the most iconic […]
The Hidden Cost of Poor Compliance Training
Last year, CySEC handed out millions in fines, with anti-money laundering and sanctions controls named specifically as an enforcement priority. Conotoxia had its license suspended over AML directive breaches. Many other firms were fined for AML shortcomings. None of these firms set out to break the rules. In almost every case on record, the failure […]
Brightline Florida distress could pressure West Coast sister project
Rendering of Las Vegas Brightline West station.Brightline West Brightline Florida’s expected restructuring may chill investor enthusiasm for its West Coast sister project as Brightline West tries to assemble a $21 billion financing package for what aims to be the country’s first electric high-speed train. Processing Content With the same corporate parent, some cross pollination between […]
IBM Shows AI’s Biggest Winners Are Draining Everyone Else’s Budgets
IBM‘s pre-earnings warning to investors reveals a new reality in the AI spending boom: There’s only so much money to go around, so some tech companies are winning at the expense of others. The company said customers are shifting technology budgets in two important ways. First, they’re spending heavily on memory chips, servers, and storage […]
Fed’s Bowman: Tailored AI Supervision Drives Financial Inclusion
Federal Reserve supervision should not hinder banks’ implementation of artificial intelligence (AI), because the technology can contribute to financial inclusion, Federal Reserve Vice Chair for Supervision Michelle W. Bowman said Tuesday (July 14). In a speech delivered via pre-recorded video to the Fed’s Financial Inclusion Conference, Bowman said AI can expand the availability of credit to those who are […]
PBOC sets USD/ CNY mid-point today at 6.7910 (vs. estimate at 6.7965)
PBOC sets USD/ CNY mid-point today at 6.7910 (vs. estimate at 6.7965) !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Malta Tried This with Crypto. Now It’s Trying Again with Prediction Markets
On 3 July, ESMA reminded the industry that a binary payout is a binary payout. Call it an event contract, a prediction share, a forecast token. If the underlying question touches anything in MiFID II’s Annex I, it’s a financial instrument, it’s a derivative, and the 2018 retail ban on binary options applies. No new […]
AI Wave Reaches Prop Firms as FundedNext Launches MCP Server
Prop trading firm FundedNext has launched a Model Context Protocol server that allows traders to connect their FundedNext accounts with AI assistants, including Claude, ChatGPT, Gemini, and other MCP-compatible tools. While several retail brokers have recently launched MCP integrations, FundedNext appears to be the first prop trading firm to introduce the technology. In recent weeks, […]