New Jersey is taking aim at a retail practice that critics say could one day mean two shoppers pay different prices for the same carton of milk. The state is banning grocery stores from using surveillance pricing, which sets prices based on a consumer’s personal information, before the practice becomes widespread. The Fair Price Protection…
The stablecoin sandwich has become one of the most persuasive models for explaining how digital currencies like stablecoins can improve cross-border payments. The way the sandwich gets made is typically as follows: A business begins with fiat currency inside the regulated financial system. The money is converted into a stablecoin, transferred across a blockchain network…
Both OpenAI and Anthropic have reached valuations near US$1tn this year and are preparing for possible initial public offerings that could arrive as soon as this year, CNBC reported, noting that Anthropic confidentially filed its prospectus with the US Securities and Exchange Commission in June, with OpenAI following days later. Open-weight models let users download, modify, and…
The heightened cyber threats posed by the latest developments in artificial intelligence will require companies and regulators to work together to maintain the security of financial systems, a bulletin from the Bank for International Settlements warns. The bulletin, published on July 20, explains how frontier AI models such as Mythos are increasingly able to take…
Merchants Capital announced the closing of Merchants Capital Tax Credit Equity Fund 31, a $160 million multi-investor fund with 10 institutional investors. Merchants Fund 31 will infuse equity into nine affordable housing properties, creating or preserving more than 1,400 affordable homes in Rhode Island, Ohio, Kentucky, Pennsylvania, Connecticut, Utah and Michigan. The investors included both…
Micron (MU -2.36%) has been one of the hottest stocks over the past year. The stock has tripled in 2026 and is up nearly 700% over the past year, as of this writing. Despite that huge move, the stock trades at a minuscule forward price-to-earnings (P/E) ratio of below 6 times fiscal 2027 (ending August…
Morning Bid: Chips jolted as momentum shifts in AI
NAI DiLeo-Bram & Co. (NAIDB) is marketing 240 Circle Drive North, a 74,500-square-foot industrial building situated on approximately five acres in Piscataway, NJ. The property features a 6,000-square-foot office component and is suited for an owner-user buyer seeking to establish or expand their strategic foothold in this Central New Jersey supply chain corridor. The marketing assignment is being led by the NAIDB brokerage team of VPs Kyle Gerace and Chris Chiusolo alongside COO David A. Simon. The team…
An Indonesian worker walking next to a screen featuring market trading information at the Indonesia Stock Exchange (IDX) in Jakarta. Adek Berry | AFP | Getty Images Attractive valuations, quick intervention by local financial regulators and a gradual return of foreign investors have helped Indonesian stocks reach bull-market status after hitting a five-year low in…
The settlement resolves a DFS investigation into Swedbank’s compliance with New York banking law, which was sparked by the 2016 Panama Papers leak, and the bank’s failure to cooperate fully with requests for information during that investigation, DFS said in a July 16 press release. “Financial institutions have a legal obligation to comply with New York’s…