Author: GW Alger

Competition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up for the past 10 years. The big banks tried to compete in the space when PayPal first came on the scene 25 years ago, but their business models failed. Now, Zelle, a seven-bank platform, is outpacing its rivals in average transaction value. But a rise in reported fraud activity recently got the attention of Congress, with allegations that the banks aren’t supporting those affected customers.

Watch the video above to learn more about why the banks created Zelle and whether the app can hold its own against the the battle to win in the peer-to-peer payment space.

The incredibly complex, high-stakes $550 billion business of making semiconductors has always been a battle of corporate giants. Now it’s also a race among governments.

Intel has ruled the market for central processing units since the 1980s. But rival AMD overtook Intel in market value last year, thanks in part to an expensive bet on chip design.

WSJ’s Asa Fitch explains the companies’ battle for the brains of your computer.