Asian consumers love digital banking — here’s why Americans are less excited about it
Visits to bank branches make up just 10% to 25% of monthly transactions in Asia......»»
Bitcoin mining uses half the energy the traditional banking system does, says new research from Mike Novogratz"s firm
Galaxy Digital researchers argue that the energy consumption of bitcoin is under fire due to the transparency of data. Stephen Lam/Get.....»»
Unemployment claims fall to 473,000, a new pandemic low
The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up.....»»
"I"m Not At All Excited": China"s Digital Yuan Is Turning Into A Giant Flop
"I'm Not At All Excited": China's Digital Yuan Is Turning Into A Giant Flop It was .....»»
Pandemic results in even more rapid change for customer payment options
Consumers grew accustomed to the convenience of paying with a digital wallet during the pandemic. Now, they expect more businesses to offer it. "That’s real convenience, and it’s not going away," payment expert Patrick O'Boyle says......»»
Chinese-Americans poured more than $80,000 into a Proud Boy crowdfunder before Jan 6 insurrection
Asian-Americans and ex-pats from China bank-rolled effort the far-right Proud Boys medical expenses after a violent confrontation with BLM protesters. A member of the Proud Boys guards the front st.....»»
Consumer Credit Explodes Higher As Americans Rediscover Their Love For Credit Cards
Consumer Credit Explodes Higher As Americans Rediscover Their Love For .....»»
US unemployment claims fall to a pandemic low of 498,000
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market’s growing strength as businesses reopen and consumers .....»»
Cryptos: Novogratz says Galaxy’s $1.2 billion planned BitGo tie-up brings it a step closer to being Goldman Sachs of crypto
Galaxy Digital's CEO Mike Novogratz says that he aspires to make his financial services firm the Goldman Sachs of the crypto banking world and Wednesday's announced acquisition of BitGo brings him one step closer to creating that powerhouse franchise......»»
Akami selected by Liberty Bank for digital banking platform
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
How the pandemic led to a rental car crisis just as Americans are ready to bust loose
Consumers are fuming as prices have spiked after firms shed hundreds of thousands of cars, with fleets depleted until 2022......»»
Nashville chefs, restaurants join national effort to combat anti-Asian racism, violence across the country
Nashville chefs and restaurateurs have created dough-based dishes on their menu, with a portion of the proceeds benefiting the Asian Americans Advancing Justice affiliation......»»
Economic Report: Consumer spending soars in March after Americans get $1,400 stimulus checks
Consumers splurged on new cars, recreational goods and takeout food in March after most Americans received $1,400 government stimulus checks, giving a big shot in the arm to an economy still recovering from the coronavirus pandemic......»»
NCR and Google Cloud collaborate on digital transformation in banking
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
First Hawaiian Bank names Christopher Dods as new vice chairman, COO
Dods, the son of former First Hawaiian Bank CEO Walter Dods Jr., has led the bank's digital banking strategy and was promoted from executive vice president......»»
Anti-Asian hate-crime bill passes Senate 94-1, with only Republican Sen. Josh Hawley voting against it
In a remarkable show of bipartisanship, the bill passed the Senate 94-1. It addresses the spike in violence against Asian Americans. Republican Sen. Josh Hawley of Missouri. Erin Schaff/Pool via REUTERS Only on.....»»
Anti-Asian hate crime bill passes Senate in a 94-1 vote, with only Republican Sen. Josh Hawley voting against it
In a remarkable show of bipartisanship, the bill passed the Senate in a 94-1 vote. It addresses the spike in violence against Asian Americans. Sen. Josh Hawley (.....»»
Biden’s economy shows strength, but recovery is far from complete
The American Rescue Plan stimulus package and broad economic optimism have helped businesses and consumers, but many Americans are still jobless......»»
Alkami Technology"s stock surges in it debut, valuing the company at more than $3.8 bi
Investors cheered as Alkami Technology Inc. went public Wednesday, as the digital banking company's stock opened 3.7% above its initial public offering price of $30 a share. The stock's first trade on the.....»»
Alkami Technology set to go public as IPO priced above the expected range
Alkami Technology Inc. is set to go public Wednesday, as the Texas-based digital banking company said it initial public offering of 6 million shares priced at $30 a share. The pricing was above the expect.....»»
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A lot of times the best investment ideas are right under our noses. As individual investors and everyday consumers, we have an edge over Wall Street, because we can spot emerging products and services and get a fee.....»»