Stories tagged “Finance.”
30 stories
Gate bets all-in-one money app is crypto’s biggest consumer trend this year and next
Gate is expanding its services to include a new app that combines accounts, asset conversion, savings, and card payments, targeting mainstream consumers, particularly in Asia.
Japanese beer giants Asahi, Kirin, and Suntory are under investigation for price-fixing. Their share prices fell after news of the investigation broke.
Saudi Arabia's money supply grew 5.6% year-on-year in August, with consumer price inflation at 1.8%. Bank credit to the private sector increased 6.1%, while claims on the government rose 9.4%. IMF expects Saudi Arabia's real GDP growth to slow to 1.7% in 2026.
Taiwan's Consumer Price Index (CPI) rose 2.73% year-on-year in September, marking the fifth consecutive month it has surpassed the 2% inflation warning threshold and representing the largest increase in two and a half years. This surge is primarily driven by higher costs …
QatarEnergy Secures $3 Billion Loan From Chinese Banks as LNG Exports Stall
QatarEnergy has secured a $3 billion loan from Chinese banks to support its operations, coming at a time when its liquefied natural gas (LNG) exports are reportedly stalling.
Khadijah Program Opens Pathways to Global Markets for Women
The Khadijah Women Entrepreneurship Program, organized by Pakistan Single Window, aims to empower women entrepreneurs for international trade through knowledge, financial access, and institutional support.
Rain is seeking a national trust bank charter to bypass third-party banks
Rain, a stablecoin payments company, has applied for an Office of the Comptroller of the Currency (OCC) national trust bank charter to custody digital assets and manage stablecoin reserves for institutional clients. This move aims to reduce reliance on third-party banks, …
Ledger has introduced a new self-custodial 'Crypto Loan' feature within its wallet app, enabling eligible users to pledge wrapped Bitcoin as collateral to borrow stablecoins like USDC or USDT.
Robinhood Adds Bitcoin Worth $25 Million to Its Balance Sheet
Robinhood has reportedly added $25 million in bitcoin to its corporate balance sheet, according to a senior executive. This move aligns the company with other public firms holding BTC as a treasury asset.
IMF Managing Director Kristalina Georgieva warns that while AI promises significant economic growth, it also poses inflationary pressures and financial stability risks, exacerbating global debt challenges.
Melius, an AI platform for ad campaign generation, has raised $25 million in funding. The startup, founded by ex-Ramp engineers, pivoted from its initial product to focus on creative asset generation.
AI startups are increasingly engaging in acquisitions to accelerate growth, fill product gaps, and enter new markets. OpenAI leads this trend, but other well-funded AI companies in legal tech and customer service are also actively acquiring smaller firms.
The Solana Foundation launched Solana DvP, an open-source escrow program designed to provide financial institutions with a standardized API for delivery-versus-payment settlement, developed with input from J.P. Morgan.
France’s debt troubles stir memories of the euro crisis
France's borrowing costs are surging due to a growing public debt burden and political dysfunction, raising fears of a broader European financial crisis reminiscent of 2012.
Oklo and NuScale Power are two companies vying for dominance in the small modular nuclear reactor (SMR) market. Oklo plans to own and operate its plants, targeting data centers, while NuScale licenses its technology globally. Both face significant financial and regulatory…
Euro faces political, fiscal reckoning as it hovers near 17-month low
The euro is struggling near a 17-month low against the dollar and British pound, pressured by political uncertainty and high debt levels in the euro zone, particularly France, while the dollar strengthens on elevated US Treasury yields.
Richard and Caitlin Brain are investing £100 monthly into Junior SIPPs for their two young children, aiming to provide long-term financial security. This strategy involves current financial sacrifices but leverages decades of compound growth.
Strive, a Bitcoin treasury company, purchased 2,000 BTC for approximately $169 million between September 28 and October 2, marking its largest acquisition in four months. The company's total holdings now exceed 29,400 BTC.
U.S. Representative Don Davis introduced a bill to ban federal candidates from trading on prediction market contracts related to their own elections, proposing fines for violations.
Coinbase's Ryan VanGrack believes the CFTC's approval of Coinbase's clearinghouse and potential SEC custody rule changes will foster institutional adoption of Bitcoin.
Brazilian stocks surged after Flávio Bolsonaro's stronger-than-expected first-round performance in the presidential election, making him the heavy favorite to win the upcoming runoff against incumbent Lula.
Strategy, through its rebranded entity Strive, is shifting its digital credit instruments like STRC and SATA to daily dividend payments, aiming to enhance their appeal and stabilize prices.
Bitcoin surged to $86,757, marking a strong start to 'Uptober,' driven by softer inflation data that increased the likelihood of the Federal Reserve holding interest rates.
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
The U.S. added a mere 29,000 jobs in September, significantly missing forecasts, while the unemployment rate unexpectedly climbed to 4.2%. Bitcoin maintained its gains, trading just under $87,000 following the report.
Demand for AI-related roles at major banks like JPMorgan Chase, Citigroup, and Capital One surged 49% this year, with "agent orchestration" skills seeing a 1,721% jump in job postings.
The FA has stated that Manchester City's guilty verdict for financial breaches has "significant implications for the integrity of the game." The club has appealed the decision, and the FA will await the outcome before taking any disciplinary action.
Dollar edge lower after softer-than-expected U.S. payrolls data
The U.S. dollar edged lower following softer-than-expected nonfarm payrolls data, easing fears of aggressive rate hikes, while the Japanese yen firmed on strong Tokyo inflation figures.
The Ibex Evaporates Rebound and Risks 19,000 Points Ahead of US Employment Data
The Spanish Ibex 35 index struggled to maintain the 19,000-point level after losing earlier gains, as global investors await crucial US employment data that could influence the Federal Reserve's interest rate decisions.
AI is creating new jobs on Wall Street, with postings for AI-related roles surging 49% this year. Demand for 'agent orchestration' skills has exploded by 1,721%, making it a highly sought-after expertise.
Citi sees euro downside risk to 1.0850 on peripheral widening
Citi maintains its 0-3 month EUR/USD forecast at 1.1350 but identifies tactical downside risk to 1.0850. This potential move reflects an overshoot of fair value if peripheral bond widening and European bank selling continue without changes in relative interest rates.