Business

China's Xi calls for stronger fintech oversight, security

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown.

Senators seek FTC probe of IRS provider ID.me selfie technology

A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID.me illegally misled consumers and government agencies over its use of controversial facial recognition ...

Business

California moves to embrace cryptocurrency and regulate it

California, which has a economy larger than all but four countries and where much of the world's technological innovation is born, on Wednesday became the first state to formally begin examining how to broadly adapt to cryptocurrency ...

Security

House panels probe gov't use of facial recognition software

Two House committees have launched an investigation into the government's use of facial recognition software that was most recently used by the Internal Revenue Service, but stopped after complaints from lawmakers and privacy ...

Automotive

Sticking with gas-guzzlers over EVs could delay postal upgrade

The U.S. Postal Service is expected in coming days to reaffirm its plan to pay Oshkosh Corp. as much as $6 billion over 10 years to replace an aging fleet of red-white-and blue delivery vans with mostly gasoline-powered models ...

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