Economy

Blocks forming robot on white background. Yuichiro Chino | Moment | Getty Images Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC. The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double […]

In a Thursday interview with CNBC’s Jim CramerU.S. Secretary of Commerce Gina Raimondo stressed the importance of domestic chip production and said the country is on track to meet its end-of-decade goal. “My boss, President Biden, has been crystal clear on this topic, and I think there’s no place to be reckless here or play […]

It’s a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut. Franklin Templeton is one of the nine spot ether ETF applicants which got approval Tuesday from the Securities and Exchange commission. The firm is behind the Franklin Ethereum ETF (EZET) — now down about 10% since its inception as […]

U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers’ 88th national convention in Houston, Texas, U.S. July 25, 2024. Kaylee Greenlee Beal | Reuters Vice President Kamala Harris debuted an official TikTok account on Thursday, underscoring the social broadcasting app’s importance to the 2024 presidential campaign as a way […]

Loungers, which are supposed to be used when babies are awake and supervised, can put infants at risk of suffocation or asphyxiation in a matter of minutes, researchers have found.Leila Register | NBC NewsA recalled baby pillow that’s now been linked to at least 10 infant deaths is still being widely sold on Facebook Marketplace,… […]

Cryptocurrency prices rose Tuesday after the Securities and Exchange Commission sued crypto services provider Coinbase.Bitcoin climbed 6.3% to $27,155.16, according to Coin Metrics, recovering its losses from the previous day after the SEC sued Binance. Earlier, it fell as low as $25,368.57, its lowest level since March. Ether gained nearly 5% to trade at $1,896.19.On… […]

People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021.Source: NasdaqGitLab shares rose 31% on Tuesday after the provider of code-deployment software notched a loss that was narrower than analysts expected while reporting an improved full-year forecast.The stock enjoyed its best day since GitLab’s 2021 Nasdaq debut. It’s still roughly 65% below its peak… […]

U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum in Greenville, South Carolina on September 18, 2015.Chris Keane | ReutersFormer New Jersey Gov. Chris Christie filed paperwork to run for president, injecting a dose of anti-Trump criticism into a Republican primary field that has… […]

The Securities and Exchange Commission sued crypto exchange Coinbase in New York federal court on Tuesday morning, alleging that the company was acting as an unregistered broker and exchange and demanding that the company be “permanently restrained and enjoined” from continuing to do so.Shares closed down 12% Tuesday. Coinbase stock had already fallen 9% on… […]

CNBC’s Jim Cramer looked at what might have spurred Wednesday’s Big Tech sell-offs, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla . “Wall Street, it looks like it’s had it with the mega caps, doesn’t it? We don’t want to hear about the ‘Magnificent Seven’ anymore,” he said. “Everyone thinks […]