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The card network's recent partnerships attempt to build demand for new forms of artificial intelligence while feeding "value added" revenue — a nonpayment fee metric that investors watch closely.

Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.

The $44 billion fintech also appointed a new CTO and head of engineering as it foregrounds artificial intelligence in strategic decision-making.

CEOs of payments companies and fintechs such as Block and Bolt have pointed to AI as a driving force behind layoffs at their organizations. But Tania Babina, an associate professor of finance at the University of Maryland's Smith School of Business, says there is no systematic evidence that AI is taking jobs.

Belen Tokarski is the president and COO of Mylo, an insurtech that connects business owners and individuals with top-rated insurance products from carriers for business, auto, home, life and more through their award-winning technology platform The Mind of Mylo™. Tokarski is a recognized leader and pioneer in the insurtech industry with 25+ years of experience and was previously president of platform solutions for Insureon and VP of automation strategy and agency solutions at CNA Insurance. 

David A. Perez is a tax strategist and the CEO of Tax Maverick AI. After filing over 50,000 tax returns, today he leads a successful eight-figure company and a team of experts around the world who are dedicated to making advanced tax strategies available to everyone.

Kevin Warsh set the table for change. Marvin Loh, managing director at State Street, discusses the FOMC meeting and Warsh's press conference.

Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday morning that the central bank recently finalized a new organizational structure for its supervision and regulation division.

The largest U.S. bank by assets named two co-presidents as part of its latest executive management changes. Marianne Lake, who was widely viewed as a contender to succeed CEO Jamie Dimon, will retire from the company.

The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.