DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’

DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’

Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of dollars in … Read more

Equity flows were highest in nearly 2 years last week

Equity flows were highest in nearly 2 years last week

Investors bought into the interest rate cut. Equity inflows last week were the largest they had been in roughly two years, according to Jill Carey Hall, equity and quant strategist at Bank of America Securities. The Wall Street bank reported its clients snapped up $6.9 billion worth in stocks, the highest level going back to … Read more

Washed Out’s new music video was created with OpenAI’s Sora tech

Washed Out’s new music video was created with OpenAI’s Sora tech

“The Hardest Part,” a new song from indie pop artist Washed Out, is all about love lost, among the most human of themes. But ironically, to illustrate the tune’s sense of longing, the musician turned to something far less flesh-and-blood: artificial intelligence. With Thursday’s release of “The Hardest Part,” Macon, Ga.-based Washed Out, whose real … Read more