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Ray Dalio; The Federal Reserve Is Setting Off A “Terrible Calamity”
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains the banking…
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JP Morgan, PNC Race To Acquire Troubled First Republic Bank
JPMorgan Chase & Co. and PNC Financial Services Group Inc. are bidding to take over the assets of First Republic Bank from…
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FinTech Automation Partners With Federal Reserve Bank Of Boston To Power FedNow Payments
FinTech Automation (FTA) is a FinTech-as-a-Service platform. A recent press release from FTA announced that they have partnered with the Federal Reserve…
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U.S. Stocks Have Held Steady At The Start Of The Earnings Season; What To Expect In Coming Weeks
U.S. stocks have primarily held steady through the start of the earnings season on stronger-than-expected results from big banks, but investors will…
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An Acute Case Of Bank Run; How Depositors Wiped Out US$75B From Credit Suisse
What Is A “Bank Run”? A bank run is a situation in which many people withdraw their money from a bank at…
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Recession Fears And A Slow Labour Market Exert Pressure On Stocks
There are concerns the global economy could be headed to a recession; something combined with a slowing labour market and rising unemployment,…
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Twitter Partners With eToro; Providing Real-Time Cryptocurrency And Stock Prices
Twitter has partnered with trading platform eToro to expand the services offered by “$Cashtags”, additionally users also now have the option to…
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Waave Raises $4.7M; Developing Open Banking Payments
Waave is a fintech company based out of Australia. Waave is claimed to be the first B2B and B2C payment platform using…
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U.S. Central Bank Raising Rates By 25 BPS In May; Repercussions On Financial Markets
Investors continue to watch carefully comments from Federal Reserve officials that could give more insight into the path of interest rates, but…
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Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs
Tech giant Apple Inc. introduced a high-yield savings account Monday to its Apple Card services in collaboration with Goldman Sachs as part…