John Caplan, CEO of financial technology company Payoneer, discusses how a the health of the American consumer impacts the global digital payment industry. Payoneer sees the uncertainty surrounding global trade and tariffs posing a headwind to revenue, prompting the company to pull its outlook for the year when it reported earnings last month.

 The New York City-based fintech company specializes in facilitating cross-border payments and is one of the top performers in the space along with Paypal and Venmo.

John Caplan, CEO of financial technology company Payoneer, discusses how a the health of the American consumer impacts the global digital payment industry. Payoneer sees the uncertainty surrounding global trade and tariffs posing a headwind to revenue, prompting the company to pull its outlook for the year when it reported earnings last month.
&nbsp;The New York City-based fintech company specializes in facilitating cross-border payments and is one of the top performers in the space along with Paypal and Venmo.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

ICYMI: How Tariffs Impact Global Payments

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks.
The technology giant sent the project’s developer, a unit of Blue Owl Capital Inc., a notice citing force majeure, according to people familiar with the situation. Rather than trying to walk away as the site’s main tenant, Oracle is attempting to put off payments should the data center dubbed Project Jupiter get derailed and fail to come online in 2028 as planned, the people said, asking not to be identified discussing private matters. Companies typically invoke force majeure to free themselves from contractual obligations when problems arise beyond their control. In this case, Oracle is seeking to assert its contractual position if the build-out is delayed.

For a closer look, we speak with Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a> Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project&rsquo;s developer, a unit of Blue Owl Capital Inc., a notice citing force majeure, according to people familiar with the situation. Rather than trying to walk away as the site&rsquo;s main tenant, Oracle is attempting to put off payments should the data center dubbed Project Jupiter get derailed and fail to come online in 2028 as planned, the people said, asking not to be identified discussing private matters. Companies typically invoke force majeure to free themselves from contractual obligations when problems arise beyond their control. In this case, Oracle is seeking to assert its contractual position if the build-out is delayed. For a closer look, we speak with Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence.

 Oracle's Force Majeure

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/22b0d544-f7a7-4c74-97df-b4cf01507926/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Presidents Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world’s largest economies on track. How the leaders are handling AI is one of the key questions looming over the state visit, with the US president arguing for unfettered development to keep his nation’s edge. China, meanwhile, has criticized American export controls on semiconductors and other inputs that it argues constrains its companies. By contrast, China’s top leader indicated some openness to setting boundaries.

On today's episode:
Michael Shepard, Bloomberg News Senior Editor for Technology & Strategic Industries
NATO Secretary-General Mark Rutte
Dina Esfandiary, Middle East Geoeconomics Lead for Bloomberg Economics
Eric Muhlheim, Mozilla CFO & Nina Trentmann, Bloomberg News CFO Briefing Editor

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a> Presidents Donald Trump and Xi Jinping addressed their intense competition over artificial intelligence on Thursday during a summit aimed at keeping ties between the world&rsquo;s largest economies on track. How the leaders are handling AI is one of the key questions looming over the state visit, with the US president arguing for unfettered development to keep his nation&rsquo;s edge. China, meanwhile, has criticized American export controls on semiconductors and other inputs that it argues constrains its companies. By contrast, China&rsquo;s top leader indicated some openness to setting boundaries. On today's episode:
<ul>
<li>Michael Shepard, Bloomberg News Senior Editor for Technology &amp; Strategic Industries</li>
<li>NATO Secretary-General Mark Rutte</li>
<li>Dina Esfandiary, Middle East Geoeconomics Lead for Bloomberg Economics</li>
<li>Eric Muhlheim, Mozilla CFO &amp; Nina Trentmann, Bloomberg News CFO Briefing Editor</li>
</ul>

Trump, Xi Thrust Fierce US-China AI Rivalry Into Spotlight

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d8314b2b-15dd-4cf6-8436-b4cf01666d17/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Jeffrey Cole and Harlan Lebo of USC Annenberg's Center for the Digital Future join to discuss their book Disrupters at the Gate and why transformative change often comes from unexpected outsiders. They explore how AI, digital technology, and shifting consumer behavior can upend even the world’s most dominant companies.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a> Jeffrey Cole and Harlan Lebo of USC Annenberg's Center for the Digital Future join to discuss their book Disrupters at the Gate and why transformative change often comes from unexpected outsiders. They explore how AI, digital technology, and shifting consumer behavior can upend even the world&rsquo;s most dominant companies.

USC's Jeffrey Cole and Harlan Lebo on Google, AI, and Disruptive Innovation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/446534ab-0549-4dee-a2ef-b4ce015a606b/transcript

ICYMI: How Tariffs Impact Global Payments

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