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Today, more than 50,000 people have elected to have a subdermal chip surgically inserted between the thumb and index finger, serve as their new swipe key, or credit card. In Germany...
Cashless Society: Big Banks Prepare To Launch Digital Wallet To Compete With Apple Pay And PayPalJan 23, 2023 - 07:26:18 PST
Major US banks, including Wells Fargo, Bank of America, JPMorgan, and others, will push into the digital wallet space in the second half of this year to take on Apple Pay and PayPal.
A presentation at the meeting based on research funded by the Bill & Melinda Gates Foundation called for central bank digital currency to serve the goal of "redesigning access to money."
Yamana Gold Executive Chair Peter Marrone discusses the outlook for gold prices with Alix Steel and Guy Johnson on "Bloomberg Markets: European Close."
A major gold discovery could boost Serbia’s reserves and economy...
Founder and chair Klaus Schwab has run forum for 52 years but is now seen by some past and present staff as ‘a law unto himself’...
Japan's finances are becoming increasingly precarious, Finance Minister Shunichi Suzuki warned on Monday, just as markets test whether the central bank can keep interest rates ultra-low, allowing the government to service its debt.
Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record.
Brazil and Argentina aim for greater economic integration, including the development of a common currency, Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez said in a joint article they penned.
Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
As Congress returns to work, the Senate plans to focus on nominees while the House tackles investigations.
There’s growing concern that the bond market has written down inflation risk too far.
The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers...
Banks are preparing for the biggest round of job cuts since the global financial crisis, as executives are under pressure to cut costs following a collapse in investment banking revenue.
Economic growth in China slowed significantly in 2022 from a year earlier as Covid-19 and the government’s response led to the second-weakest performance since the 1970s.
In a week marked by fresh recession angst from Wall Street to Davos, JPMorgan Chase & Co. finds the odds of an economic downturn priced into financial markets have actually fallen sharply from their 2022 highs.
Jan 23, 2023 - 05:30:06 PST
It was a busy week for Fed officials giving speeches, just ahead of the blackout period that leads up to its next policy meeting set for Jan. 31-Feb. 1.
Signature Bank and Silvergate Capital, after a surge in customer withdrawals, have turned to a system originally designed to support mortgage lending.
European stock indexes edged higher on Monday, while Wall Street futures struggled to make gains as investors weighed up recession fears with hopes that inflation could be past its peak.