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Discover Lowers Provision for Credit Losses Amid ‘Positive Credit Trends’
Discover Lowers Provision for Credit Losses Amid ‘Positive Credit Trends’
April 23, 2025  |  Credit Cards

Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday...

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Tesla Eyes June Launch for Robotaxis Amid Decline in Sales
Tesla Eyes June Launch for Robotaxis Amid Decline in Sales
April 23, 2025  |  Transportation

Automotive manufacturer Tesla is reportedly rolling out trials of its ridesharing service, giving employees access, as it looks to expand that service later this year....

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Report: OpenAI Expects New Products to Drive Revenue to $125 Billion in 2029
Report: OpenAI Expects New Products to Drive Revenue to $125 Billion in 2029
April 23, 2025  |  artificial intelligence

OpenAI reportedly expects its revenue to reach $125 billion in 2029 and $174 billion in 2030 as it adds new products. The company expects its...

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Google’s Chrome Worth $50 Billion, DuckDuckGo CEO Tells Court
Google’s Chrome Worth $50 Billion, DuckDuckGo CEO Tells Court
April 23, 2025  |  ANTITRUST

If Google were ordered to spin off Chrome, the browser could be sold for as much as $50 billion, DuckDuckGo CEO Gabriel Weinberg told a...

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EU Fines Apple and Meta for Digital Markets Act Violations
EU Fines Apple and Meta for Digital Markets Act Violations
April 23, 2025  |  Regulation

The European Commission fined Apple 500 million euros (about $566 million) and Meta 200 million euros (about $226 million) Wednesday (April 23), saying the companies...

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Cantor Fitzgerald, Tether, SoftBank Launch $3.6 Billion Bitcoin Investment Firm
Cantor Fitzgerald, Tether, SoftBank Launch $3.6 Billion Bitcoin Investment Firm
April 23, 2025  |  Cryptocurrency

Twenty One Capital, a new company formed by Cantor Fitzgerald, Tether Holdings SA, and SoftBank Group, is about to become one of the largest public...

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Atlanta Fed: Small Firms Less Likely to Pass Through Cost Increases
Atlanta Fed: Small Firms Less Likely to Pass Through Cost Increases
April 23, 2025  |  SMBs

Businesses said in April that they expect their unit costs to increase by 2.8% over the next year, a figure that is 0.3 percentage points...

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EBay Expands Klarna BNPL Services to US
EBay Expands Klarna BNPL Services to US
April 23, 2025  |  Buy Now Pay Later

American consumers can now buy now, pay later (BNPL) on eBay. A press release issued Wednesday (April 23) announced that eBay has extended its partnership...

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Google’s Gemini Reaches 350 Million Monthly Active Users but Lags Rivals
Google’s Gemini Reaches 350 Million Monthly Active Users but Lags Rivals
April 23, 2025  |  Artificial Intelligence

Gemini, Google’s chatbot, grew to reach 350 million monthly active users in March but still lagged behind ChatGPT and Meta AI, TechCrunch reported Wednesday (April...

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