iRobot, the company behind the famous Roomba vacuums, is going through big changes. They've filed for Chapter 11 bankruptcy protection. This means they're restructuring to stay afloat. But don't worry, your Roomba won't stop working. The company says everything will keep running as usual. iRobot ha
Canada is finally moving towards a more secure banking system. The government has announced a new framework for open banking, set to launch in 2026. This system will replace the risky practice of sharing online banking passwords with third-party apps. Instead, users will be able to securely share th
The tech world is buzzing with big changes. OpenAI, a leading AI company, is making moves to attract top talent. They recently scrapped a rule that made new employees wait six months before getting their stock rewards. This is a big deal because it shows how much companies are willing to spend to ge
Japan's financial leaders are hinting at a big change. The Bank of Japan (BOJ) might raise interest rates soon. This is a big deal because Japan has kept rates low for a long time. Finance Minister Satsuki Katayama said there's no big disagreement with the BOJ. This means the government is okay with
Big banks in the U. S. are facing a lot of questions lately. People are wondering if these banks are being fair when they close accounts. This is called "debanking. " It's a big deal because it affects many businesses and individuals. The government is paying close attention. They want to make sure
Andrew Kafka has climbed the ranks at Union Bank & Trust (UBT). He is now the Vice President, Senior Trust Officer, and Manager of Personal Trust & Wealth Management. This is a big deal because he started as a legal intern in 2003. He has come a long way since then. Kafka has a law degree from the
US banks just got the green light to dive deeper into crypto. The Office of the Comptroller of the Currency (OCC) recently announced that national banks can now act as middlemen in crypto trades. This means banks can buy crypto from one customer and sell it to another, without actually holding onto
Bitcoin's value slipped under $90, 000 on Sunday, signaling a cautious mood among investors. This drop comes as traders brace for a week packed with important economic reports and central bank decisions. Bitcoin's price hovered around $89, 600 in the early afternoon, marking a slight decline of abo
In a surprising turn of events, Japan's Finance Minister, Satsuki Katayama, hinted at a possible interest rate increase by the Bank of Japan. Speaking at an event in Sendai, she mentioned that there is no significant disagreement between the finance ministry and the central bank. This statement come
States are stepping up their game in the world of consumer finance. For a long time, Washington, D. C. was the main hub for enforcing rules in this area. But now, state attorneys general, banking departments, and legislatures are taking on more responsibility. This shift is changing the regulatory l
