Microsoft resolves networking issues that caused cloud outages
Microsoft Corp. has resolved widespread problems with its online services, including Outlook and Teams, that it attributed to networking issues....
Microsoft Invests $10 Billion in ChatGPT Maker OpenAI
Microsoft Corp. is investing $10 billion in OpenAI, whose artificial intelligence tool ChatGPT has lit up the internet since its...
JPMorgan, IFC lead $27M investment for Colombian fintech
JPMorgan Chase & Co. and International Finance Corp. are leading a $27 million round of investment in KLYM, a data-driven...
Capital One cuts more than 1,100 tech jobs
Capital One Financial Corp. eliminated hundreds of technology positions this week, the result of the credit-card giant spending years investing...
Microsoft joins wave of tech layoffs as slowdown spreads
Layoffs that began in 2022 are accelerating across much of the technology world. The tech industry is slashing jobs at a pace...
Buy-now-pay-later demand climbs among squeezed UK pensioners
Pensioners feeling the pinch are increasingly turning to buy-now, pay-later services, the latest sign of how the cost-of-living crisis is...
JPMorgan, BofA show gains in headcount as Wells Fargo’s drops
Despite the layoffs across the finance industry, there were no signs of a staffing pullback in JPMorgan Chase & Co’s...
A 29-year-old’s alleged fraud has stained Jamie Dimon’s acquisition spree
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has spent the past year reassuring analysts and investors that the...
Mastercard ordered by FTC to help rivals route transactions
The Federal Trade Commission ordered Mastercard Inc. to start providing its competitors with customer account information they need to process...
Bradesco wants to speed up its US expansion with fintech deals
Banco Bradesco SA, Brazil’s second-biggest bank by market value, plans to buy more minority stakes in tech companies to speed...
