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When Lincoln Savings Bank struck a partnership in 2017 to process direct deposits for Cash App, it was a big break for the small, century-old lender based in Cedar Falls, Iowa. The Venmo-like app, part of Jack Dorsey’s financial services company now known as Block, was growing quickly. By partnering with Cash App and other fintechs, Lincoln increased its customer count from 18,000 in 2014 to more than 2 million by 2019.
But things changed when more than a dozen examiners from the Federal Deposit Insurance.
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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NASA's Space Launch System rocket, with the Orion spacecraft atop, launched at 6:35 p.m. ET on Wednesday, kicking off the first mission to send astronauts to the Moon in over 50 years. Read more ›
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Irfan Ahmed, regional business solutions director at BPC, says open banking’s next challenge is not regulation, but giving banks the capacity to build and scale API connectivity Read more ›
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Google Photos is here on Samsung TVs, letting users access and relive memories directly on the big screen without casting. Read more ›
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This is the Tecno Pova Curve 2 and its key asset is its massive 8,000mAh battery. But there's more to it so let's have a look. The phone just launched in India and is available in Mystic Purple, Melting Silver (ours), and Storm Titanium, and in either 8/128GB or 8/256GB options. It starts from INR 27,999 (€258 and £221, converted) and ships with a case, 45W charger, and a USB-A... Read more ›
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Humans are heading to the moon for the first time in 53 years after NASA successfully launched four astronauts on its SLS rocket and Orion spacecraft on Wednesday. The rocket blasted off from the launchpad at the Kennedy Space Center in Florida to begin the 10-day Artemis II mission that will take crew members Reid […] Read more ›
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The Super Mario Galaxy Movie has performed poorly among critics, with one reviewer comparing it to AI-generated content. Read more ›
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Looking for NYT Connections answers and hints? Here's all you need to know to solve today's game, plus my commentary on the puzzles. Read more ›
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Looking for Quordle clues? We can help. Plus get the answers to Quordle today and past solutions. Read more ›
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Looking for NYT Strands answers and hints? Here's all you need to know to solve today's game, including the spangram. Read more ›
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NASA's Artemis II mission has launched four astronauts around the moon and back, marking humanity's first crewed lunar voyage in 53 years and the first test flight of NASA's Orion capsule and Space Launch System (SLS) with people on board. Five minutes into the flight, Commander Reid Wiseman saw the team's target: "We have a beautiful moonrise, we're headed right at it," he said from the capsule. The Associated Press... Read more ›
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The AI-powered 'Frozen' animatronic freezing up and taking a little tumble is far more entertaining as a meme than if the magic snowman worked as designed. Read more ›
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Midnight, a blockchain network designed to support private transactions and selective data disclosure, is now live as part of a phased rollout. Read more ›
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if you like the color white and need a spectacular smartwatch, this deal is for you! Read more ›
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Like all the other major power tool manufacturers, DeWalt releases new gear every year, and this year there are some interesting additions for concrete work. Read more ›
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NASA's Artemis II flight, which is set to take four astronauts toward the Moon for the first time in more than 50 years, successfully launched on Wednesday evening. The Artemis II mission, part of NASA's Artemis program that's intended to bring humans back onto the Moon as early as 2028, will bring the four astronauts […] Read more ›
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Ecommerce giant is trying to catch up with SpaceX’s low Earth orbit internet service Read more ›
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Kia has officially unveiled the EV3 for the US, an entry-level electric SUV with up to 320 miles of range and a focus on affordability. Read more ›
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The Information
The judge overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI and Microsoft ruled Wednesday that Musk’s damages expert, an economist at economic consulting firm Berkeley Research Group, is allowed to present his testimony at trial. The economist, C. Paul Wazzan, found that ... Read more ›
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Talk about bad timing. Meta Platforms made a big splash on Tuesday night by disclosing new stock grants for senior executives that fully pay out only if the company’s market capitalization rises above $9.4 trillion by 2031, from $1.5 trillion now. Hours later, on Wednesday, we scooped the news that Meta was laying off hundreds of people. And hours after that, a jury in Los Angeles found Meta and Google’s... Read more ›
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A tidal wave of fast-growing AI startups has given venture capitalists many more shots to score winning investments. But competition to invest has never been more intense. That has made the partners who can secure stakes in sought-after startups all the more valuable. The Information asked over two dozen founders and investors about the individuals best positioned to become general partners—the top dealmakers who usually get the biggest share of... Read more ›
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Investments in AI startups such as Mercor and Skild AI helped advance three of 16 finalists in last year’s list of Next General Partners to higher positions, including to the role of general partner in their firms. These promotions reflect how AI continues to dominate venture capital investing. Last year’s finalists can’t credit just AI, however. Increased valuations for defense tech startup Anduril and expense software company Ramp also cast... Read more ›
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Anthropic has been on a tear in adding features to its Claude AI agents for coding and other white-collar work. The Claude agents now offer many of the features that turned OpenClaw, an open-source tool for developing personal AI agents, into a sensation.Claude’s new features include the ability to take over a person’s computer to perform complex tasks using any application, which Anthropic launched with great fanfare Monday night; take... Read more ›
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Microsoft executives in recent weeks told managers at major divisions, including its Azure cloud and North American sales groups, to suspend new hiring, according to three current employees with direct knowledge of the decision. It’s not uncommon for Microsoft to slow hiring or even lay off staff toward the end of its fiscal year, which ends in June. But Microsoft’s cost-conscious approach reflects a broader attitude throughout tech, as companies... Read more ›
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OpenAI has put plans to allow its ChatGPT chatbot to generate erotica on hold indefinitely, according to a report from the Financial Times. OpenAI CEO Sam Altman first teased “adult mode” in ChatGPT last October, saying in a post on X that the release would be part of OpenAI’s “treat adult users ... Read more ›
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In the ultracompetitive world of drug development, getting a new medication on the market as fast as possible can have major business implications. There’s perhaps no better recent example than Novo Nordisk, which has generated nearly $100 billion in sales of weight loss drugs Ozempic and Wegovy while trying to fend off competition from Eli Lilly.Now, Novo Nordisk says it’s using AI agents to shorten by weeks or months the... Read more ›
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Apple is opening the door for other artificial intelligence assistants to directly integrate with its Siri assistant, Bloomberg reported. The change is coming alongside the company’s overhaul of Siri, which is due to be announced in June at this year’s Worldwide Developers Conference, the outlet ... Read more ›
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Microsoft recently suspended new hiring across major divisions, including its Azure cloud and North American sales groups, as the company seeks to offset its investments in artificial intelligence infrastructure, The Information reported. Executives have instructed managers in these ... Read more ›
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01.04.2026 19:22
Last update: 19:15 EDT.
News rating updated: 02:11.
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