A visual representation of the digital Cryptocurrency, Bitcoin. After the SEC denied ETF sponsor … [+]r VanEck approval for an ETF that tracks the price of Bitcoin, the company rebounded by launching the lowest-cost Bitcoin-futures ETF this week. (Photo by Dan Kitwood/Getty Images) Getty Images VanEck rebounded nicely after the Securities and Exchange Commission (SEC)…
Topline Shares of tech giant Alibaba continued to fall on Friday, adding to the stock’s massive selloff after the company said earlier this week that it expects weaker revenue growth amid China’s slowing economy and Beijing’s ongoing regulatory crackdown. As the tech giant’s regulatory troubles continue, founder Jack Ma is nearly $30 billion poorer than…
Shopping online concept – Shopping service on The online web. with payment by credit card and offers … [+] home delivery. parcel or Paper cartons with a shopping cart logo on a laptop keyboard getty When the world came to a screeching halt in March 2020, it seemed plausible that the pandemic would pave the…
WASHINGTON, DC – NOVEMBER 04: Speaker of the House Nancy Pelosi (D-CA) during a weekly news … [+] conference. (Photo by Sarah Silbiger/Getty Images) Getty Images The Build Back Better social spending bill the House passed this morning includes a long list of important changes aimed at improving the quality of life of older adults.…
Luxury Goods Sales Have Recovered To Pre-Pandemic Growth U.S. Global Investors Luxury goods sales just went from dip to rip. After plunging due to the global health crisis, the personal luxury goods market returned to pre-pandemic growth in 2021, with sales estimated to top 283 billion euros ($325 billion) by year-end, according to a new…
In a new report, Forrester predicts that banks will invest aggressively in 2022 to make the most of the recovering market. It expects they will increase their spending on technology, talent, and fintech and pursue digital initiatives. Banks are going to run into a severe shortage of the digital skills they need, and they have…
By Richard Harris, Next Avenue Journalist and author Cokie Roberts photographed in her home in Bethesda, Maryland on February 05, … [+] 2019. The Washington Post via Getty Images It’s been a little over two years since we lost Mary Martha Corinne Morrison Claiborne Boggs Roberts to breast cancer at age 75. The story goes that…
Jack Zhang, cofounder and CEO of Airwallex. Anthony Kwan/Bloomberg Airwallex, a fintech startup headquartered in Hong Kong, has raised $100 million in a funding round—just two months after it raised $200 million from investors including Lone Pine Capital, 1835i Ventures and Israeli-Russian billionaire Yuri Milner’s DST Global. The latest funding round was led by Lone…
Topline The House on Friday passed one of the largest social spending proposals in history to help “restore the middle class” by tackling many of Democrats’ policy priorities—including free universal preschool for children and an expanded child tax credit—and even though the bill will almost certainly undergo changes in the Senate to appease spending-hesitant moderates,…
getty According to a new report from Bloomberg, Apple, Inc. is revving up plans to introduce its new autonomous EVs as soon as 2025. But this is an ambitious target for a phone maker that has never produced a vehicle, let alone an all-electric self-driving model. When you think of “EV,” or electric vehicles, do…