Bank of America Securities analyst Mihir Bhatia issued a note Wednesday concerning the uptrend in student loan repaymentsand the beneficiaries of student loan payments. What Happened: Bhatia noticed that by the end of August, student loan repayments started picking up momentum, and it could spell good news for companies like SoFi Technologies Inc SOFI .
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Markit Digital, a well-known entity in the financial world, has undergone a significant name change. Following its merger with S&P Global 18 months ago, it will now be recognized as Fincentricby S&P Global. This shift aims to better align the company's identity with the comprehensive offerings under the S&P Global Market Intelligence suite. Behind the
India’s prime minister Narendra Modi has called for the mandate of multilateral lenders such as the World Bank to be expanded, as the IMF’s managing director demanded an increase in the lender’s resources by the end of the year. Efforts to boost the balance sheets and reform the governance of the Washington-based multilateral lenders have
China has challenged the planned US presidency of the G20 in 2026, according to officials briefed on the discussions, in a move that underscores the deep sense of mistrust between Beijing and Washington. Chinese officials used diplomatic meetings at the G20 summit in New Delhi this week to voice opposition to the US assuming the
So much rocket — Rocket Report: Japan launches Moon mission; Ariane 6 fires up in Kourou Japan’s mission will attempt to make a precise landing on the Moon next year. Stephen Clark – Sep 8, 2023 11:00 am UTC Enlarge / A Japanese H-IIA rocket lifts off from the Tanegashima Space Center with an X-ray
North Korean hackers made off with nearly $41 million worth of cryptocurrencies from an online casino and sports betting site this week money officials worry will be used to bolster the countrys nuclear weapons program ahead of an expected arms deal with Russia. The FBI announced on Wednesday it had traced the hack of Stake.com
Markit Digital, a well-known entity in the financial world, has undergone a significant name change. Following its merger with S&P Global 18 months ago, it will now be recognized as Fincentricby S&P Global. This shift aims to better align the company's identity with the comprehensive offerings under the S&P Global Market Intelligence suite. Behind the
E-commerce revenue-based finance provider, Wayflyer announced that it has signed a $1 billion funding deal with investment firm, Neuberger Berman NBXG . The funding, which is an off-balance sheet (OBS) program, will support Wayflyers growth and expand its financing solutions. Wayflyer customers usually take out loans between $300,000 to $400,000 for inventory purchases, shipping costs,
Barclays PLCBCS is reportedly mulling the sale of a stake in the U.K. merchants' payment processing unitas the bank is seeking a partner to boost the business. The business could be worth at least 2 billion ($2.5 billion), based on an EBITDA of about 300 million and similar deals, Reutersreported, citing statements from four people
Mina Khattak is the director of crypto andemerging business at Worldpay, a project ofFIS, a leading provider of technology solutions for merchants, banksand capital markets firms globally. FIS is a Fortune 500 company, a member of the S&P 500 Indexand is betting big on digital wallets and solving the global need for digital payments through
Major cryptocurrencies surged on Friday following reports that global financial powerhouse JPMorgan is venturing deeper into the world of cryptocurrencies. The company is said to be developing a cutting-edge blockchain-driven solution to facilitate seamless cross-border transactions.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD +2.30%$26,308Ethereum ETH/USD +1.17%$1650Dogecoin DOGE/USD +0.37%$0.063 What Happened: According to a Bloomberg report, JPMorgan
“Elon doesn’t pay rent” — Musk stiffed Twitter vendors and dared them to suedozens did just that The ultimate guide to unpaid-bill suits filed against X, Musk’s social network. Jon Brodkin – Sep 7, 2023 1:00 pm UTC EnlargeAurich Lawson | Getty Images reader comments 271 with When Elon Musk bought Twitter in October 2022,
the ads will keep coming — Google gets its way, bakes a user-tracking ad platform directly into Chrome Chrome now directly tracks users, generates a “topic” list it shares with advertisers. Ron Amadeo – Sep 7, 2023 10:35 pm UTC Enlarge / Google’s not looking as good as it used to.Aurich Lawson reader comments 210
Alex Salnikov is best known as the head of product and co-founder of Rarible, a top-ranked community-centric NFT marketplace. Since 2012, Salnikov has been an active developer in the blockchain space, but since the founding of Rarible in 2020, he has been bullish on NFTs as the next phase of digital ownership. In August, Salnikov
RESEARCHERS BEWARE — North Korea-backed hackers target security researchers with 0-day Google researchers say currently unfixed vulnerability affects a popular software package. Dan Goodin – Sep 7, 2023 10:05 pm UTC EnlargeDmitry Nogaev | Getty Images reader comments 10 with North Korea-backed hackers are once again targeting security researchers with a zero-day exploit and related
On August 2nd, 2023, a significant event occurred in the crypto world: Litecoin's LTC supply halved. Reflecting Bitcoin's deflationary model, these halvings have historically sparked significant price increases, thus attracting the attention of cyclical traders. Despite the potential, the event's infrequency occurring only once every four years constrains the scope for regular trading opportunities. Solving
The UK’s plans to develop cleaner energy have suffered a major blow after the government failed to attract offshore wind developers to its latest round of contracts for new projects. No offshore wind projects won contracts in this year’s annual auction for subsidies, according to results published on Friday, after developers had warned that the
Sam Bankman-Fried, thefounder of the collapsed FTX, now has improved access to a laptop and internet, according tothe U.S. Department of Justice(DOJ), CoinDesk reported. The DOJ has responded to ajudges order for a reporton the conditions faced by Bankman-Friedat the Manhattan Detention Centerin Brooklyn. The crypto executive, whohas been in jail sincemid-August, will now haveaccess
Bitcoin, Ethereum and Dogecoin were seen largely flat on Tuesday evening as the global cryptocurrency market cap inched up 0.4% to $1.04 trillion at the time of publishing.CryptocurrencyGains +/-Price (Recorded 10:28 p.m. EDT)Bitcoin BTC/USD -0.12%$25,761.27Ethereum ETH/USD +0.05%$1,635.75Dogecoin DOGE/USD -0.93%$0.06 What Happened: The cryptocurrency news landscape on Tuesday was largely dominated by The Financial Accounting Standards
The policy paper includes recommendations for regulating activities related to stablecoins and decentralized finance (DeFi) and was requested by the Indian presidency of the G20. 896 Total views 6 Total shares Listen to article 0:00 News Join us on social networksUpdate (Sept. 7, 2023, 11AM UTC): This article has been updated to add more information