PYMNTS News

Warren Buffett Continues to Shed Shares in Apple
Warren Buffett Continues to Shed Shares in Apple
November 03, 2024  |  Apple

Warren Buffett has once again sold off another large piece of his stake in Apple. As CNBC reported Saturday (Nov. 2), the billionaire investor’s Berkshire...

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OpenAI CEO: Computing Capacity Is Slowing Product Rollouts
OpenAI CEO: Computing Capacity Is Slowing Product Rollouts
November 03, 2024  |  artificial intelligence

OpenAI’s CEO says a dearth of computing capacity is hindering his company’s product rollouts. “All of these models have gotten quite complex,” Sam Altman wrote...

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Nvidia Reportedly Weighing Investment in Musk’s xAI
Nvidia Reportedly Weighing Investment in Musk’s xAI
November 03, 2024  |  artificial intelligence

Nvidia is in discussions to invest in Elon Musk’s artificial intelligence (AI) startup, according to published reports. Musk’s AI firm xAI is hoping to raise...

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As Consumers Plan Their Thanksgiving Shopping, AI Stirs the Pot
As Consumers Plan Their Thanksgiving Shopping, AI Stirs the Pot
November 02, 2024  |  The Weekender

Thanksgiving has come a long way from its pilgrim origins — this year, the robots are taking over. That is, artificial intelligence (AI) is changing...

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Regulators Warn Against Improper Billing of Medicare Recipients
Regulators Warn Against Improper Billing of Medicare Recipients
November 01, 2024  |  Regulation

Two federal agencies warned healthcare providers, Medicare Advantage plans and debt collectors not to improperly bill Qualified Medicare Beneficiary recipients (QMBs), who generally cannot be...

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Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
November 01, 2024  |  Regulation

Among the central debates of regulation, what we might term even the jurisdiction of the regulators — no matter the industry — might boil down...

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Barclays UK Completes Previously Announced Acquisition of Tesco Bank
Barclays UK Completes Previously Announced Acquisition of Tesco Bank
November 01, 2024  |  Acquisitions

Barclays UK has completed its previously announced acquisition of the retail banking business of Tesco Personal Finance (Tesco Bank). Together with the completion of the...

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Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
Capital One Discloses CFPB Investigation of New High-Interest Savings Accounts
November 01, 2024  |  Bank Regulation

Capital One disclosed Thursday (Oct. 31) that it could face an enforcement action by the Consumer Financial Protection Bureau (CFPB) regarding its introduction of a...

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Report: Investors Remain Uncertain About Apple AI Features’ Impact on Sales
Report: Investors Remain Uncertain About Apple AI Features’ Impact on Sales
November 01, 2024  |  Apple

Apple shares dipped early Friday (Nov. 1) as investors remained uncertain about the prospects for the company’s rollout of artificial intelligence features. Apple gave guidance...

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