(Bloomberg) — President Donald Trump picked Federal Reserve Governor Michelle Bowman to serve as the central bank’s vice chair for supervision, a move cheered by Wall Street banks and smaller lenders who…
SmartBiz Is First Fintech to Become Bank Under Donald Trump
(Bloomberg) — SmartBiz became the first financial-technology firm to receive regulatory approval to be a bank since President Donald Trump took office in January, a regulatory signal that other fintechs could also…
Asian shares mostly rise, cheered by another Wall Street rally
TOKYO (AP) — Asian shares mostly rose Tuesday as investors were encouraged by another rally on Wall Street. Japan’s benchmark Nikkei 225 gained 1.2% to finish at 37,845.42. The Bank of Japan…
Australian bank CEOs say Trump ‘tariff madness’ may drive up global inflation
By Christine Chen and Byron Kaye SYDNEY (Reuters) -A trade war sparked by U.S. President Donald Trump’s tariffs may drive up global inflation, stoke market volatility and slow economic growth, the CEOs…
Cognition AI Hits $4 Billion Valuation in Deal Led by Lonsdale’s Firm
(Bloomberg) — Cognition AI Inc., the developer of an artificial intelligence-powered coding assistant, has raised hundreds of millions of dollars at a valuation close to $4 billion, according to people familiar with…
Gold Climbs to Record on Fears for US Economy, Mideast Tensions
(Bloomberg) — Gold touched a fresh all-time high above $3,000 an ounce as investors weighed US data that fueled concerns about an economic slowdown, while an escalation in Middle East tensions further…