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What’s at stake: Bankers, tech companies and others are working to define who is liable when AI agents commit errors, fraud or crime. Supporting data: Annual U.S. agentic commerce spending is projected to scale up to $500 billion by 2030, according to Bain consultants. As banks and payment companies adopt agentic AI, one question that…
Fed’s Williams sees no need for rate hike in 2027, Bloomberg News reports
Less than two months into the job, Apple Chief Executive John Ternus presided over his second major product launch Tuesday, introducing new home devices that includes Apple’s first smart home display. The gadgets offer more ways to generate hardware sales. More important, they’re ideal hosts for Apple’s upgraded Siri, giving the company a new distribution…
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Three people were seen entering a manhole in New York City on Sunday, marking at least the eighth sewer-diving incident in the city and on Long Island since May. In the latest incident, three men were seen entering a manhole in the Hamilton Heights neighborhood shortly before 1 a.m. When police arrived at the scene,…
Crude oil futures settled at $94.14, up $0.40 or 0.43%, as elevated Middle East tensions kept supply risks in focus. Headlines centered on reports that Israeli Prime Minister Benjamin Netanyahu spoke with President Trump last week about renewing military action against Iran. Netanyahu reportedly wanted to act before the elections, while Trump told him to…
Comments from Fed’s Williams, reported by Bloomberg News, cross the wires: Currently sees no need for rate hike in 2027. Said there are still signs inflation will slow “quite a bit” and approach the Fed’s 2% target next year. One more interest rate hike appropriate this year The rate path will be about maintaining a…
Sixteen Food and Hospitality Luminaries Honored HYDE PARK, N.Y., Oct. 13, 2026 /PRNewswire/ — Sixteen distinguished graduates whose careers have shaped and elevated the global food and hospitality industries have been inducted into the Culinary Institute of America’s (CIA) Alumni Hall of Hame. Among the group are Iron Chefs, James Beard and World’s 50 Best…
Lest you have any illusions, you have zero privacy at work. But AI is further encroaching on any semblance of privacy you may currently have. Forget the prolific workplace surveillance tools, now your Slack messages with colleagues or your emails with customers could be worth millions. That’s because a burgeoning industry for mundane workplace data…
The more banking moves onto a smartphone, the harder it becomes for financial institutions to create a tangible connection with their customers. Yet as more of the banking relationship becomes digital, consumers continue to seek experiences that feel personal and distinctive—from personalized products and luxury brands to rewards, upgrades, and exclusive access. That creates an…