In Pennsylvania, many people of color still find it hard to get fair banking help. The state has tried programs that look promising, like a low‑interest loan plan during COVID. Out of 761 loans approved, only 41 went to minority‑owned businesses – a tiny share. A later grant of $200 million
The world of private lending is facing a new storm, and a well‑known investor has stepped forward to warn about the danger. At a global conference in Miami, the founder of a prominent investment firm spoke sharply about how one troubled fund could signal larger problems in an industry worth $1. 8 tr
The Chicago Fed chief, Austan Goolsbee, told a Washington conference that cutting interest rates now would be premature because inflation still lingers above the 2 % goal. He warned that past mistakes of assuming price rises were temporary should not be repeated. Goolsbee highlighted the latest d
AMD’s stock price jumps as the company announces a new partnership with Meta, focusing on artificial‑intelligence infrastructure. The deal positions AMD as a key supplier for AI workloads that Meta plans to run on its data centers. Analysts note the partnership could boost AMD’s revenue streams and
JPMorgan’s chief executive, Jamie Dimon, cautioned investors that the current boom in asset prices and high borrowing could trigger a crisis similar to 2008. He warned that banks taking on risky loans and the excitement around artificial intelligence are signs of a fragile system. Dimon compar
Coinbase now lets all U. S. users trade shares and exchange‑traded funds on the same app they use for digital money, moving toward a one‑stop trading spot. The service works around the clock on weekdays and charges no fees for qualified trades. Users can pay with dollars or the stablecoin USDC, and
In recent months, the private credit market has faced a series of shocks that reveal deep cracks in its foundation. The first blow came in September when two auto‑parts and auto‑lending firms, First Brands Group and Tricolor Holdings, both filed for bankruptcy. Their failures highlighted how much pr
The country’s finance minister has decided not to announce a new fiscal rule in this week’s budget. He plans to hold off until at least October before introducing a measure that would limit how much the government can borrow. The rule, known as a fiscal anchor, is intended to keep South Africa’s
Binance, the largest crypto exchange by volume, has announced a comeback in tokenized stock trading after a pause of nearly five years. The company is partnering with Ondo Finance, a specialist in turning real‑world assets into blockchain tokens, to list ten tokenized U. S. equities and related prod
Jones, known for making bold moves, sold his Meta shares in the last quarter. The timing lines up with a shift in how big tech companies spend on artificial intelligence. Instead of quick returns, the new AI race looks like a long‑term, costly construction project. Meta’s recent earnings show that
