Nordstrom’s CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release. The […]

Cryptocurrency exchange Kraken is buying TradeStation Crypto, the digital assets unit of TradeStation Group. With this acquisition, Kraken aims to expand its regulatory licensing in the United States, Seeking Alpha reported Thursday (April 18). “The transaction is part of our efforts to accelerate our U.S. presence and will unlock further growth and new product opportunities for Kraken in the U.S.,â€� […]

Google is consolidating the teams that focus on building artificial intelligence (AI) models across Google Research and Google DeepMind.  All this work will now be done within Google DeepMind, Sundar Pichai, CEO of Google and Alphabet, said in a note to employees posted on the company’s website Thursday (April 18). Pichai said in the note that this move will “scale our […]

Canada’s federal budget, released this week, includes a proposal to limit the fees that banks charge customers for overdrawing their accounts. This move is expected to provide relief for low-income clients but could potentially impact the revenue of Canadian banks, Bloomberg reported Thursday (April 18). The proposed cap would be 10 Canadian dollars ($7) for non-sufficient funds […]

Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging applications pose significant challenges to effective regulation. Many observers agree that AI can pose risks, but they also point out how hard it is to decide which AI systems need strict […]

Sponsorships to Broker Fair 2024 in New York City have already sold out. Only tickets are still available. Brokers pay less than all other attendees. The main event takes place on May 20 at the Metropolitan Pavilion, while the pre-show (sponsored by Triton Recovery Group) will happen the night before on May 19 at Somewhere […]

If you were planning on the current interest rate environment loosening up this year, it may be time to reconsider. Inflation is actually going back up, not down. Plus, unemployment is still relatively low and the stock market is near all time highs, with a new record having been set just recently! Even the media […]

There’s a lot of funny business going on these days, so here are some things for you and your merchants to look out for: The LOC Bait and Switch A scammer offers the customer an impossibly good deal on a line of credit that is contingent on first entering into some other product. After the […]

Everyone is well aware that Square does revenue-based financing loans, but lesser talked about is that Stripe does too. Stripe has been offering financing to merchants since at least 2019. Valued at more than $65 billion with IPO rumors swirling, Stripe has the potential to become one of the largest online small business lenders in […]

Broker Fair’s Pre-show party sponsored by Triton Recovery Group takes place on May 19th from 7-9pm at Somewhere Nowhere NYC. The Pre-show requires a separate ticket from the main event taking place the following day at The Metropolitan Pavilion. You can register below for one or both! OR do it on the main site at […]