Cloud-first financial institutions are transforming the banking world to meet the needs of a digital generation that prefers not to go to a branch, avoids paper for transactions and has leaned into mobile payments for day-to-day transactions. This change in financial services is the extension of a smartphone-centered culture, where mobile has become the banking
The U.S. Justice Department and eight state attorneys general today filed an antitrust lawsuit against RealPage Inc., a major provider of property management software. The complaint revolves around two main arguments. First, the Justice Department charges that RealPage’s software unlawfully decreases competition among landlords and thereby drives up rent prices. The lawsuit’s other core allegation
The official Instagram account of McDonald’s Corp. was reportedly hacked today to promote a cryptocurrency scam named after the McDonald’s character Grimace. Those behind the hack changed the biography on the McDonald’s Instagram page and also made posts in relation to the cryptocurrency scam. The McDonald’s bio was charged to a message that included a
Shares in Robinhood Markets Inc. were up over 3% in late trading today after the financial services company surprised with a second-quarter earnings beat thanks to surging levels of customer trading, particularly in cryptocurrency. For the quarter ended June 30, Robinhood reported adjusted earnings per share of 21 cents, up from three cents per share
CoreWeave Inc., the operator of a cloud platform optimized for artificial intelligence workloads, today announced plans to open two data centers in the U.K. The facilities will be built as part of an investment worth £1 billion, or about $1.25 billion. The initiative is also set to see CoreWeave open a new office in London
Shares of the data streaming software provider Confluent Inc. gained more than 4% in extended trading today after the company reported a strong first quarter earnings and revenue beat. The company delivered fiscal 2024 first quarter earnings before certain costs such as stock compensation of 5 cents per share, beating Wall Street’s consensus estimate of