Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024. Angela Weiss | Afp | Getty Images Wall Street’s climb to record […]
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Nearly $109M in Yotta customer deposits vanish
Tsingha25 | Istock | Getty Images Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks […]
Citigroup, JPMorgan Chase, Goldman hit by regulators
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September […]
China spent $230 billion to build its electric car industry, CSIS says
Workers assemble a Wuling Hongguang Mini EV, an all-electric microcar manufactured by SAIC-GM-Wuling, at a plant of the joint automaker in Qingdao in east Chinas Shandong province Tuesday, Nov. 30, […]
China talks up support for IPOs. Investors are watching the speed of approval
A man walks a dog in the shade away from the midday sun past the New York Stock Exchange (NYSE) building in Manhattan, during hot weather in New York City, […]
How investors can stay protected with emerging market opportunities
Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert. Ben Slavin, global head of ETFs and managing director at BNY, said that while […]
Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly […]
American households have seen their purchasing power increase
Rudi_suardi | E+ | Getty Images Americans have seen their buying power rise for a year amid falling inflation and a strong job market, which might be welcome news for […]
UK BNPL fintech Zilch raises $125 million, sees IPO within 2 years
Zilch CEO Phil Belamant. Zilch LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal that […]
The UAE set to be No. 1 ‘wealth magnet’ in the world: Henley research
The UAE expects to see a net inflow of 6,700 millionaires from around the world by the end of 2024, according to new research. Buena Vista Images | Stone | […]
Fitch pushes back China rate cut as Fed holds interest rates steady
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — Ratings agency Fitch […]
Gen X stands to gain the most, study finds
Fg Trade | E+ | Getty Images Generation X may be the biggest beneficiary from the $84 trillion Great Wealth Transfer in the next 10 years, according to a new […]