Apple has considerably more global reach and consumer trust than most banks. Is it any wonder, then, that it is slowly but surely turning into a financial institution? Even before it co-launched, with Goldman Sachs, a market-leading savings account that pays 415 times the lowest rate at old line institutions such as Chase or Bank
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To those caught in its path, the cycle of rumour and panic that destroyed Silicon Valley Bank struck as violently as a tornado. “The speed of the world has changed,” said Sam Altman, the technology executive behind the artificial intelligence phenomenon ChatGPT, shortly after a historic bank run in which customers tried to withdraw at
Santander is in talks to hire several of Credit Suisse’s most senior investment bankers in New York, according to people familiar with the matter, as the Spanish bank seeks to capitalise on the Swiss lender’s emergency rescue by UBS. Santander has held discussions with bankers including David Hermer, Credit Suisse’s global head of equity and
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk Payments A Russian national
The Syrian foreign minister says the U.S. imposes sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The U.S. is “the biggest beneficiary of wars and fueling global conflicts, with the aim of maintaining the dominance of the dollar in the global economy and trade,” said a Russian official.
Russia has warned that existing and new anti-Russia sanctions imposed by the U.S. and other Western countries will lead to a global economic crisis. “Both the current sanctions that have been imposed against our country and the new additional steps that Brussels and Washington are probably thinking about now will hit the global economy hard,”
Rishi Sunak will hold the first of a series of summits with UK corporate leaders on Monday as his ruling Conservative party seeks to repair the damage done by the Brexit years and fend off Labour’s attempts to become the party of business. The debut of the “Business Connect” forum, which will bring together 200
Several countries, including the UK, US and Italy, have begun evacuations from Sudan, after a week of fighting between the country’s armed forces and a paramilitary group. British prime minister Rishi Sunak said “UK armed forces have completed a complex and rapid evacuation of British diplomats and their families”. The White House said it had
Jeff Shell is leaving as chief executive of NBCUniversal after an investigation into alleged inappropriate conduct with a female colleague, parent company Comcast said on Sunday. Shell, who has served as the top executive of the media network since January 2020, said in a statement provided by Comcast that he “had an inappropriate relationship with
Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of his remains. It
The White House has asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans Idaho-based Micron from selling chips, as it tries to rally allies to counter Chinese economic influence. The US made the request as President Yoon Suk-yeol prepares to travel to Washington for a state
Twelve years ago, on this very day of April 23, 2011, a cryptic individual, known only as Satoshi Nakamoto, penned one of the final correspondences to software developer Mike Hearn. The elusive mastermind behind Bitcoin conveyed in the message that he, she, or they had “moved on to other things” and confidently asserted that the
Bitcoin (BTC) is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600 to $25,000 zone where buying interest may pick up. When an asset emerges from a
In this episode, we will be learning about 0 Days To Expiration (0-DTE) SPX Iron Condors and how you can make money from it. We will be talking about the basics of what a 0-DTE is. Check this out! Sponsored by VectorVest: a simple source for market guidance that helps you make money in the
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican
The total value locked in decentralized finance (defi) has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses during the past seven days, and the largest defi protocol by TVL size,
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Learn how to trade breakouts, one of the most popular trading strategies, with Trading 212’s tutorial. For more on support and resistance lines and when to enter and exit breakouts check out our playlists in the channel. At Trading 212 we provide an execution only service. This video should not be construed as investment advice.
In the midst of a turbulent week for the crypto market, non-fungible token (NFT) sales have shown resilience, experiencing a surge of 7.74% in weekly sales, totaling $181.82 million. Data also reveals that there has been an increase of 41% in NFT buyers over the course of the week, surpassing the number of buyers recorded
Brazil’s president is touring the Iberian peninsula in an attempt to boost ties with the EU, but his persistent claims that both Russia and Ukraine are responsible for the ongoing war highlight the bloc’s difficulty in winning over the global south. During his stay in Portugal, Luiz Inácio Lula da Silva said that Ukraine “does
The Labour party has suspended Diane Abbott, a key ally of former leader Jeremy Corbyn, after she suggested Jewish people had never been “subject to racism” in a letter to a UK newspaper. The swift action comes just weeks after Corbyn was blocked from standing in future as a Labour candidate after his own refusal