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Citi Reports 36% Drop In Q2 Net Income Amid Challenging Macroeconomic Environment
Citigroup released its financial results for the second quarter of the year on Friday, disclosing a decline in profit and revenue during the period.…
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Inflation Cooled More Than Expected In June. Does This Indicate That The Federal Reserve Is Near The End Of Its Rapid Interest Rate Hikes?
The U.S. Bureau of Labor Statistics released its June inflation report this Wednesday, and the report showed that the Consumer Price Index…
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South Korea Allows New Local Entrants Access To Banking Industry After 30 Years
South Korea has allowed new banks to enter the industry for the first time in 30 years. Financial firms can now apply…
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The U.S. Economy Has Proven More Resilient Than Analysts Previously Expected. The Focus Of Investors Is Switching To The U.S. Jobs Report
Despite the high federal funds rate, durable goods orders exceeded expectations, which caused investors to remain unconcerned about a recession, surprising analysts.…
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EU’s Progressive Payment Sector Reforms Set To Supercharge Fintech Innovation
The European Union (EU) has recently unveiled a comprehensive set of reforms aimed at revolutionizing the payments sector. These proposed changes, backed…
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Goldman Sachs Reportedly Ending Card Partnerships With Apple
Goldman Sachs is reportedly considering terminating its partnership with Apple for virtual credit cards and other services. The Wall Street giant is…
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Upbeat Economic Data Lifted Investors’ Mood, But Days Ahead Could Give Cues On The Next Federal Reserve’s Steps
The U.S. stock market recovered this Tuesday from recent losses as upbeat economic data cooled investor worries of a possible recession that…
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JPMorgan Completes First Euro-Denominated Transaction on Permissioned Blockchain
JPMorgan has completed the first euro-denominated payment on its permissioned blockchain. The JPM Coin transaction was completed in partnership with Siemens AG…
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US Regulators Contemplating Stricter Regulations For Banks Exceeding $100 Billion
The US regulators are proposing more stringent regulations for banks with assets exceeding $100 billion. As the banking sector faces potential changes,…
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Investor Optimism Rises Again; Does Strong Activity Indicate The Possibility Of Further Gains In The Coming Weeks And Months?
According to the latest American Association of Individual Investors(AAII) survey, Investor confidence is at a peak reaching a 19-month high. American Association…