Saturday, June 7

Fintech

In recent years, the discourse surrounding financial inclusion has expanded to consider a rather unconventional demographic: animals. A groundbreaking initiative involving a family of 19 mountain gorillas in Rwanda is at the forefront of this intriguing concept known as “interspecies money.” Instead of assigning traditional financial resources to these animals,…

The dynamics of the financial landscape are shifting dramatically, particularly in the wake of crises that have shaken traditional banks, leading to an increased prevalence of private credit as a viable alternative. According to the President of Monroe Capital, the regulatory burden placed on banks during and after economic crises…

The generative AI revolution, spearheaded by the advent of ChatGPT-3.5 in November 2022, has propelled businesses into a race to harness this transformative technology. However, organizations face unique challenges in developing generative AI assistants, as the complexity and pace of advancement in this field differ significantly from traditional tech builds.…

The Federal Reserve Bank of Atlanta’s recently published Survey of Consumer Payment Choice from June 2024 provides a fascinating insight into the evolving landscape of consumer payment methods in the United States. According to the survey, there has been a significant shift toward mobile payment methods, with approximately three-quarters of…

Phaedra Ellis-Lamkins has transformed Promise into a financial powerhouse valued at $520 million by focusing on ethically assisting municipalities and utilities in collecting unpaid bills through zero-interest payment plans. Drawing from her own life experiences, Ellis-Lamkins emphasizes the importance of treating financially struggling individuals with respect and dignity. The company’s…

This week’s Current Climate delves into the ongoing complexities surrounding plastics and their supposed recyclability. The discourse is primarily driven by major plastic-producing companies like ExxonMobil, which are lobbying for the recognition of plastic bags and other materials as “recyclable” in order to maintain public consumer behavior that favors plastics.…

Arkansas has initiated a legal action against YouTube and its parent company, Google (Alphabet), focusing on allegations that the platform promotes addiction and exacerbates mental health challenges among the youth in the state. Filed by Arkansas Attorney General Tim Griffin, the lawsuit claims that YouTube has violated state laws on…

Editor's Picks

The Container Store, a well-known storage and organizational brand, has recently filed for Chapter 11 bankruptcy, joining other major retail chains such as Party City, Big Lots, True Value, and Rite Aid in making similar decisions amid challenging market conditions. With a workforce of 102 stores across the country, The…