News

Financial tech firm Affirm Holdings Inc. unveiled plans to offer a debit card and enable clients to trade crypto from savings accounts, Bloomberg reported. Affirm plans to roll out services...

Property giant China Evergrande Group has agreed to sell a stake in its most valuable financial unit for about 10 billion yuan or $1.5 billion, Bloomberg reported. China Evergrande has...

Two regional presidents of the US Federal Reserve have expressed their intent to step down after drawing flak from trading in 2020 amid the COVID-19 pandemic, Bloomberg reported. Boston Fed...

Blackstone Inc reached a deal to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion, according to a report by The Wall Street Journal on...

British giant Rolls-Royce has hit its 2-billion pound disposal target after inking an agreement to sell its Spanish unit ITP Aero for 1.7 billion euros, Reuters reported. Rolls-Royce sold its...

Multinational investment bank Goldman Sachs Group Inc. has upgraded its oil price target for the year due to the prolonged impact of Hurricane Ida, MarketWatch reported. Analysts have revised their...

Chinese officials are gearing for the possible default of property giant China Evergrande Group, indicating an unwillingness to bail out the company, the WSJ reported. Sources close to the matter...

Investors on TikTok are now looking at financial disclosures of Congress members for guidance on stock trades, NPR reported. Investors have cited disclosures of House Speaker Nancy Pelosi, which indicated...

BlackRock and HSBC’s funds added to their holdings of Evergrande bonds a few months before a liquidity crisis at Evergrande threatened, according to a report by FT on Tuesday. BlackRock...

PayPal announces the release of a new app poised to be a one-stop shop for all of the digital payment needs, according to a news release by PayPal Newsroom on...

The world’s richest have become even richer in the past year amid the COVID-19 pandemic, with the 25 wealthiest families adding $312 billion to their possessions in the past year,...

Coinbase has announced plans to discontinue the USDC APY program after being pressured by the SEC, according to an updated blog post by Coinbase on Friday. The Brian Armstrong-led crypto...