Fintech founder charged with fraud after ‘AI’ shopping app found to be powered by humans in the Philippines

Albert Saniger, the founder and former CEO of Nate, an AI shopping app that promised a “universal” checkout experience, was charged with defrauding investors on Wednesday, according to a press release from the U.S. Department of Justice. Founded in 2018, Nate raised over $50 million from investors like Coatue and...

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Majority of Americans are financially stressed from tariff turmoil: CNBC survey

Americans are growing increasingly uneasy about the state of the U.S. economy and their own personal financial situation in the face of stubborn inflation and tariff wars.To that point, 73% of respondents said they are "financially stressed," with 66% of that group pointing to the tariff wars as a...

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Trump’s triple-digit tariff essentially cuts off most trade with China, says economist

U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025.Nathan Howard | ReutersPresident Donald Trump's tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York."It depends on how...

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‘Vibecession’ didn’t go away, and didn’t just linger. It is deepening

Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe "vibecession" isn't just lingering — it's deepening. Even before the global tariffs threats from the Trump administration sent shockwaves through the stock market and economy, the feeling of financial security was slipping further out of reach for Americans across all...

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Modelo owner Constellation says Trump immigration policy hitting beer sales

Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | ReutersPresident Donald Trump's tariffs aren't the only presidential policy that is weighing on Constellation Brands.Along with tariffs on Mexican imports, his hardline immigration stance is...

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Unocoin Goes Live with Voltage, Bringing Instant Bitcoin Settlements & Soon Tether on Lightning to India

Austin, Texas, April 10th, 2025, FinanceWireUnocoin, India’s leading cryptocurrency exchange, proudly announces the integration of the Lightning Network, powered by Voltage, the longest-standing Lightning payments provider. This upgrade enables the fastest and lowest-cost Bitcoin transactions while also supporting cheaper, instant Tether transfers—aligning with Tether’s recent announcement to issue its...

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Branta and Amboss Partner for Safer Bitcoin Transactions

Wilmington, North Carolina, April 10th, 2025, FinanceWireBranta’s payment verification and Amboss’ compliance tools give businesses a robust solution to mitigate risks from sophisticated attackers, setting a new standard for business operational security in the Bitcoin and Lightning Network ecosystems. Branta, a provider of advanced payment verification for Bitcoin and Lightning,...

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Capa Joins Borderless.xyz Network, Strengthening Stablecoin Payments in Mexico

New York, New York, April 10th, 2025, FinanceWireBorderless.xyz, a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), is excited to welcome Capa, a trusted provider of financial infrastructure in LatAm, with a strong presence in México, to the Borderless.xyz global stablecoin orchestration network. This...

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