NEW YORK (Reuters) -Singapore state investor Temasek plans to invest up to $30 billion over the next five years in the U.S. in sectors such as healthcare, financial services and technology. “It’s an incredibly deep and broad capital market in the U.S.,” Jane Atherton, Temasek’s head of North America, told Reuters. “The U.S. is really […]
This unique ETF has created life-changing wealth for investors. Will it continue? Cryptocurrency is becoming increasingly common in investing circles and is arguably an asset class worth including in any long-term portfolio. But crypto is still a Wild West of sorts; there are seemingly endless options, few regulatory guardrails, and highly public instances of fraud […]
Apple was edged out of the top five smartphone vendors’ list in China in the second quarter, as competition from domestic brands such as Huawei intensifies, according to a Canalys report. Apple’s market share in China shrank to 14% in the second quarter, the report released Thursday showed, from 15% in the first quarter and 16% in the same period […]
Stocks jumped Friday, and Wall Street capped off a turbulent week on a positive note as investors weighed fresh U.S. inflation data. The Dow Jones Industrial Average rallied 654.27 points, or 1.64%, to finish at 40,589.34. The S&P 500 climbed 1.11% to end at 5,459.10, while the Nasdaq Composite gained 1.03% to close at 17,357.88. Friday’s moves stem from a combination of […]
The world of traditional finance continues to open up to Bitcoin. In this dynamic, the Michigan state retirement system has just invested $6.6 million in the leading crypto via the ARK 21Shares Bitcoin ETF. This decision marks an important step in the institutional adoption of digital assets. A trend that is accelerating Michigan’s investment, although […]
The UK’s Current Account Switch Service has revealed that it facilitated over 1.4 million in the past 12 months, up 10 per cent from the previous year, with the latest stats offering a positive outlook for the market. The Current Account Switch Service explained that the continued upward switching trend highlights that finding the right […]
Revolut, the global fintech boasting over nine million UK customers, has officially obtained its UK banking licence from the Prudential Regulation Authority (PRA), more than three years after its initial application. After securing the UK banking licence, Revolut should be able to eventually offer a far wider range of products and services to customers, including mortgages and […]
The Southwest Airlines seat scramble is a familiar drill for South Florida travelers. Line up to get on the plane, search for a good open seat, pray that there’s some nearby overhead bin space. But the 50-year-old tradition is ending. Southwest, which has up to 67 daily departures from Miami and Fort Lauderdale airports, will […]
Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Each auto company has unique problems, but common to many are growing vehicle stockpiles on dealer lots, requiring […]
As the world turns increasingly digital, it is becoming ever more important for merchants and businesses to embrace data-driven insights to meet customer expectations. Recognising this, MENA-based payment solutions provider, PayTabs Group, is joining forces with Digital Haze, a consulting firm specialising in cybersecurity, digital financial services, and compliance solutions. By partnering, the two firms are aiming to […]
Ether exchange-traded funds officially began trading in the U.S. on Tuesday, putting the world’s second-largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers such as BlackRockand Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets […]
Credit data solution provider Bloom Credit has become the newest member of the American Fintech Council (AFC), the industry association representing responsible fintechs and banks. Bloom Credit is an API platform modernising credit data reporting, furnishing, and scoring, and hopes to democratise financial services and improve access to credit. Bloom Credit offers a comprehensive platform that enables fintech companies […]
