Banks are in a tough spot right now. President Trump has suggested capping credit card interest rates at 10% for a year. This idea has caused quite a stir in the finance world. Banks are trying to figure out what to do next. The problem is, there's no clear plan on how this cap would work. The Whit
The fight between two big names in the alternative data world, Yipit and M Science, is finally over. They decided to stop suing each other, but no one knows the details of their deal. This whole mess started because some employees were accused of taking secret info from one company to the other. It
Some major companies have decided to work together on a big problem: how to accurately measure carbon emissions. BlackRock's Global Infrastructure Partners, Exxon Mobil, and Banco Santander are leading this effort. They want to create a new system that shows exactly where carbon pollution comes from
Hong Kong is making waves in the crypto world again. This time, the Hong Kong Monetary Authority (HKMA) is looking to make it easier for banks to hold cryptocurrencies. They've put out a draft plan for public feedback, aiming to relax the rules on how much capital banks need to keep when they hold c
In a significant move, the House of Representatives has approved three bills aimed at regulating the cryptocurrency industry, with one of them now heading to President Donald Trump's desk. The bills are part of Trump's push to establish the U. S. as a global leader in crypto. The first bill, which
The cryptocurrency world is buzzing with news that Coinbase, the biggest U. S. crypto exchange, is joining the S&P 500. This move is a big deal for the crypto industry. It shows that digital assets are becoming more accepted in the traditional finance world. It is a significant step for the crypto i
The 2024 election of Donald Trump caught many in the finance world off guard. They were thrilled by the idea of fewer regulations and lower taxes. Many bankers and investors thought this would be a golden era for business. They believed they could finally speak their minds without worrying about off
In 2024, Wall Street's bonus pool reached an unprecedented high of $47. 5 billion. This is a significant jump from the previous year's $35. 4 billion, marking the largest increase since the start of the coronavirus pandemic. On average, each banker took home a hefty $244, 700, a 31% increa
The world of finance is always changing, and the recent events have shown us that. We are talking about the Russian-Ukrainian crisis and the Silicon Valley Bank (SVB) collapse. These events have been a test for both traditional and digital assets. Let's talk about Bitcoin. Many people thoug
Meet BlackRock, a giant in the financial world that's been making waves. The company, which manages over $11 trillion in assets, just crushed expectations with its latest quarterly earnings. CEO Larry Fink shared that the firm added a massive $2 trillion organically over the past five years, making
