First Plus Expands Relationship with SS&C to Support Cross-Border Operations in APAC
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Meet the People Carving Out a Slice of the AI Cost-Saving Business
Don’t use Swiss Army knives for surgically precise work; use scalpels. That’s what Manos Koukoumidis and other players in the AI cost-saving business say is the biggest problem with how companies use AI. They’re using the most powerful, versatile, and expensive AI models — from frontier labs like Anthropic, OpenAI, and Google — to handle niche…
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Banks propose ‘Yes-No’ prompt for high-risk UPI transfers to curb digital payment frauds
Mumbai: India’s high-street banks want to strike a balance between adding friction in online payments to curb frauds and preserving the widely showcased digital payment story. A number of them are proposing a software tweak for the payment app to throw up a prompt, seeking a go-ahead from the payer before the beneficiary’s account is…
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Landlords face deposit dilemma as government considers future reforms
12:01 AM, 3rd August 2026, 29 minutes ago Thousands of landlords could face a rethink over how they handle tenant deposits if future reforms come into force. The government has hinted at axing insurance-backed deposit schemes, but the plans are not yet law. Now industry experts are warning landlords to understand their options and consider…
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Credo Technology’s Co-Founder and CTO Sold Nearly 30,000 Shares Worth $6.1 Million. What Does That Mean for Investors?
Chi Fung Lawrence Cheng, Chief Technology Officer of Credo Technology Group Holding Ltd (CRDO +2.94%), reported a sale of 27,500 ordinary shares on July 21, 2026, according to an SEC Form 4 filing. Transaction summary Metric Value Transaction value ~$6.1 million Shares sold 27,500 Post-transaction shares (total) ~6.0 million Post-transaction shares (directly held) ~140,000 Post-transaction…
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Investors are rotating into financial stocks. The Fed’s next move could determine how far the rally runs.
Financial stocks have been among the market’s best performers this month. The Fed’s next move, however, may determine how much further the rotation can run.
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Government vows Renters’ Rights Act will tackle rental discrimination
12:01 AM, 3rd August 2026, 29 minutes ago 1 The government has claimed the Renters’ Rights Act cracks down on rental discrimination in the private rented sector. In a parliamentary written answer, housing minister Matthew Pennycook claimed the act addresses overt discriminatory practices. Under the Renters’ Rights Act, it is illegal for landlords and letting…
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AI Startups Try to Counter Chinese Models as VC Interest Wanes
The rise of Chinese open-weight artificial intelligence models has American startups racing to build counterparts. But as The Wall Street Journal (WSJ) reported Sunday (Aug. 2), these companies have begun to run into a roadblock: a lack of interest from venture capital (VC) investors. “Every tier-one VC pretty much said no,” said Mark McQuade, CEO…
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Mortgage Rates Sideways to Slightly Lower
It’s not at all uncommon for mortgage rates to experience microscopic movement in either direction on any given day. In fact, it’s probably the most common eventuality over time. In that sense, today was unremarkable with the average lender moving just a hair lower versus yesterday’s latest levels. But in another sense, it’s very good…
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Stocks Finish Higher as Amazon Leads Megacaps Higher
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.70%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.53%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.60%. September E-mini S&P futures (ESU26) rose +0.69%, and September E-mini Nasdaq futures (NQU26) rose +0.59%. Stock indices settled higher on Friday, with the S&P 500 and Nasdaq 100…
