Behind the Idea: WayFlyer
The pandemic accelerated the rise of e-commerce businesses. While startup entrepreneurs often expect growth opportunities and ‘golden mountains’ for their e-commerce business, the reality was different. Financial difficulties to make ends meet, to grow, or simply to meet demand often occurred. Obtaining sufficient capital was not as easy as it seemed, and growth concerns were […]
CaixaBank and Microsoft Explore AI in Financial Services With Creation of Innovation Laboratory
A joint innovation agreement between CaixaBank and Microsoft has produced an artificial intelligence (AI) Innovation Lab, with the purpose of applying the technology to new financial solutions as well as creating new work environments within the metaverse. Located in Barcelona, the laboratory will work in coordination with Microsoft’s AI Research and Development (R&D) hub, also […]
Opinion: The Fed’s rate hike will be a disaster
History will not judge the Jerome Powell Federal Reserve kindly. First, it brought us multi-decade high inflation. Now, it is putting us well on the path to a hard economic landing. Read More
Layoffs are on the rise in the midst of crypto winter
Hao Jia was so convinced in the potential of cryptocurrencies that he passed up a job at a large tech firm, Oracle, to take another offer he received in early April to be a software engineer at one of the buzziest crypto startups, Coinbase. Read More
Here are 3 ways to recession-proof your money
CNN’s Christine Romans explains how you can take control of your finances amid rising prices, a volatile stock market and recession warnings. Read More
Central banks are desperate to make up for past sins
Central banks are racing to stay on top of rapidly changing economic and financial conditions as they try to contain rampant inflation, a difficult task that could put their credibility on the line. Read More
Opinion: It’s time to prepare for a recession
The economy is close to entering a recession, perhaps as soon as this year. To avoid taking too much of a financial hit, Americans will need to prepare. Read More
What the Fed rate hike means for you
The Federal Reserve is stepping up its war on inflation. That means borrowing costs are going sharply higher for families and businesses. Read More
Mortgage rates hit 5.78%, the biggest weekly jump since 1987
Mortgage rates surged by more than half a percentage point this week amid rising inflation and an interest rate hike by the Federal Reserve, according to Freddie Mac. The jump is the largest one-week increase since 1987. Read More
Peering Into Itau Unibanco Holding’s Recent Short Interest
Itau Unibanco Holding’s (NYSE:ITUB) short percent of float has risen 51.06% since its last report. The company recently reported that it has 68.19 million shares sold short, which is 1.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.4 days to cover their short positions […]
