Page 4 - Key Fintech Developments News Today

Bill, Melinda Gates planning divorce. The first new US airline in a decade. Ford, BMW lead Solid Power round. ‘Long-term solvency’ is a real issue. Market Moving Headline: Historically speaking, the period spanning May to October is generally weak. On average, the S&P 500 is up as high as +2% during this six-month period. “Stocks are up more than 87% from the March lows, suggesting a well-deserved pullback during these troublesome months is quite possible,” LPL Financial Chief Market S...

Sawmills selling faster than they cut. Ray Dalio on understanding money. The knock-on effect of pricey copper. GM making EVs in Mexico from 2023. New York mayor envisions reopening. Parking is devouring American cities. Market Moving Headline: Ford Motor Co. and EBay Inc. disappointed, while Facebook Inc.’s results took it to a record. Apple Inc. wiped out earlier earnings-driven gains on concerns about chip shortages. Amazon.com Inc. climbed after hours on a better-than-estimated revenue fo...

Current has added a crypto roadmap. German regulator warns on Binance. Coatue co-leads crypto firm’s round. Wealthfront could expand into crypto. PayU: Global e-commerce outlooks. Sterling Trading improves order tech. Visa looks to enter into crypto heavy. State Street appoints chief architect. LendingPoint recognized, gets award. ChinaFicc selects Genesis for access. Liquid selects Celsius on crypto yield. Public hosting a chat with Lemonade. Rally has raised $57M for innovation. Opera addin...

EU will allow in vaccinated travelers. Inside real-time police crime centers. Countries promise rapid aid to India. Market Moving Headline: The S&P 500, Nasdaq 100, Russell 2000, and Dow Jones Industrial Average closed the week out basing, pricing in new information for the next directional move. Key Takeaways: - Ahead: Fed meeting, GDP and Sentiment, earnings. - Markets balancing, position for directional resolve. In the coming sessions, participants will want to pay attention to where the S&P...

Market Moving Headline: JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou noted that the last few times they witnessed such negative price action in Bitcoin, buyers returned in time to prevent deeper slumps. This time, they’re worried. If the largest cryptocurrency isn’t able to break back above $60,000 soon, momentum signals will collapse, the strategists wrote in a note Tuesday. It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least ...

Lessons from Bezos’ annual letters. SpaceX preparing to launch for ISS. How Sarajevo impacted war reports. Tesla mulling cars tailored to China. Should you cash-out equity on car? J&J resumes Europe vaccine rollout. Netflix unpacks slowing sub growth. Market Moving Headline: An abundance of harvest-ready trees has kept stumpage fees extremely low across the U.S. South, home to half of the country’s production. Meanwhile, lumber futures are up 85% in 2021 because of soaring demand. Sawmills ...

BoE, HM Treasury intro CBDC unit. Ex-Pimco exec talking digital assets. How brokers are breaking into BTC. PBoC on crypto as alt-investments. Insurtech Versured launches offers. NA startup funding was on fire in Q1. Knox Financial raises $10M funding. Open Bank Project, API3 partnered. Pluto Digital Assets planning an IPO. UK removing MiFID II requirements. US banks deploy AI monitoring tech. How fintechs lower acquisition costs. Citi eyes big technology ambitions. OKEx integrates Lightning Net...

Clubhouse closed on funding round. StockX brings shoe scene to Detroit. Two dead in ‘driverless’ Tesla crash. Facebook to announce social audio. DeSantis: Lockdowns a big mistake. Market Moving Headline: The S&P 500, Nasdaq-100, and Dow Jones Industrial Average made new all-time highs before closing the week out with an attempt to balance and validate newly discovered prices. Key Takeaways: - Earnings pick up, add to clarity on recovery. - Risk, reward poor for new entries. Be picky. In th...

Minnesota officer charged on killing. Consumer credit surging to highest. Ways the PPP program has evolved. U.S. companies oppose voting curbs. Goldman to hike pay by nearly 90%. Banks pivot from pandemic to boom. Peak inside Fontinalis, a Detroit VC. Market Moving Headline: The Federal Reserve will likely scale back its bond purchases before considering raising interest rates, Chairman Jerome Powell said, hardening expectations on the sequence of its eventual exit from aggressive policy suppo...

CDC chief said MI should shut down. Cohen sells a NY house for 74% off. Intel to produce chips for carmakers. China getting serious about antitrust. DARPA awards spacecraft contracts. One dead in a high school shooting. Domino’s, Nuro begin pizza delivery. 6 tips for success in early-stage ops. Market Moving Headline: Due to the way the government’s inflation metrics are calculated, what will appear to be significant price increases are all but guaranteed. The phenomenon is known as the ba...