Hedge funds, private equity firms and pension funds could have a tougher time working with many crypto firms under a draft proposal from a top US regulator, according to people familiar with the matter.
Aspire Pte, a fintech startup serving businesses, raised $100 million in a round that more than doubled its valuation, defying a market downturn for young tech firms.
Japan’s economy rebounded at a slower pace than expected in the three months through December, in a sign of ongoing weakness that will concern the central bank’s new governor amid intense speculation over possible changes in monetary policy after a decade of massive stimulus.
Paxos Trust Co.’s move to halt issuing more of the Binance-branded stablecoin BUSD amid pressure from US regulators is trickling down into the world of decentralized finance.
Principal Asset Management is betting on preferred securities to boost returns on its multi-asset portfolios, considering the bond/stock hybrid the best strategy to tackle a potentially brief and light economic recession.
Walmart Inc. will close three of its 11 US technology hubs and require affected workers to relocate, scaling back its footprint after unveiling an expansion plan last year.
Former executives at cryptocurrency exchange Gemini Trust Co were the subject of a now-closed criminal investigation surrounding the company’s debut of the first US-related Bitcoin futures contract, according to a court filing.
Russia’s military is still struggling in Ukraine, as President Vladimir Putin “continues to change generals the way I swap socks,” John Kirby, spokesman for the US National Security Council, told reporters.
(Bloomberg) — Australia’s consumer confidence tumbled into “deep pessimism” on mounting cost of living pressures and expectations of further interest rate increases, underscoring the Reserve Bank’s dilemma on how far to push its tightening cycle.
The person in charge of the US Capitol buildings and grounds was fired amid allegations he improperly used government-owned vehicles for personal use and misrepresented himself as a law enforcement officer.
