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Ramp announced on Wednesday the launch of Stack, an AI operating system tailored for the accounting industry, capable of handling tasks such as monthly close, cash reconciliation, transaction coding, and posting. The company stated that the system outperforms general-purpose large models on over 200 accounting tasks and has already helped some clients reduce month-end close time by 50%.
The OECD's latest economic outlook shows that US economic growth is expected to gradually slow from about 2% in 2026 to 1.8% by 2027, mainly due to energy price shocks from the Iran war dampening consumer spending. The report also mentioned possible Federal Reserve rate hikes and warned of downside economic risks.
EY-Parthenon released its mid-year M&A outlook, projecting an 8% increase in U.S. M&A deals valued over $100 million in 2026, with the corporate sector up 11% and private equity flat. AI demand is a key driver, yet geopolitical and economic headwinds are prompting investors to be more prudent.
BlackBerry CFO Tim Foote announced at the Baird Global Consumer, Technology & Services Conference on Tuesday that the company has completed its transformation and is now a growth enterprise. He specifically highlighted the growth potential of the QNX software business in the 'physical AI' field and revealed that the division has achieved GAAP net profit for eight consecutive quarters, with QNX quarterly revenue hitting a record $78.7 million, up 20% year-over-year.
Regarding MLB star Fernando Tatis Jr.'s lawsuit against Big League Advance over a future revenue-sharing agreement signed early in his career, Dr. Tim Naddy, Vice President of Finance for the Savannah Bananas, argues that the public debate has focused on the wrong point. He believes the real concern is the information asymmetry and lack of awareness of long-term costs that athletes face when encountering early-stage venture capital before their financial literacy has matured, rather than simply judging whether investors are 'predatory.'
Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that job openings surged to a two-year high in April, while hiring declined. The largest increase in job openings was in the professional and business services sector, but analysts warned that subsequent data revisions could erase some of the gains.
Nubank announced on Monday that Rob Livingston, a longtime Visa executive, will succeed Guilherme Lago as Chief Financial Officer on July 13. During his five-year tenure, Lago helped transform the company from a regional fintech into a global digital banking platform serving 135 million customers, and will serve as a special advisor after stepping down. The leadership change comes as Nubank actively expands into the US market, but market reaction was cautious, with shares falling about 8% the next day and BofA Securities downgrading the stock to 'underperform'.
The Trade Desk announced on Monday the appointment of Nate Olmstead as Chief Financial Officer, effective July 9, concluding a search initiated in January after former CFO Alexander Kayyal was dismissed. Olmstead brings a 16-year financial track record from Hewlett Packard Enterprise and will receive an annual salary of $600,000, along with an equal bonus and a signing bonus. Interim CFO Tahnil Davis will return to the role of Chief Accounting Officer.
Mastercard announced a series of executive adjustments effective August 3 to advance its strategy and support continued growth. Ling Hai will succeed as Chief Financial Officer, current CFO Sachin Mehra transitions to the newly established Chief Business Officer position, Linda Kirkpatrick assumes the role of Chief Services Officer, and Craig Vosburg is promoted to Vice Chairman of the Board. CEO Michael Miebach remains in his role, while the company faces industry transformations including artificial intelligence, stablecoins, and intensifying competition.
Cisco's latest research shows that 15 leading AI models developed by OpenAI, Anthropic, Google, Amazon, and xAI, among others, have significantly higher success rates under multi-round malicious prompt attacks than single-round attacks, with notable gaps in some models. Researchers urge vendors to reassess security testing methods and disclose more cross-scenario data.