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February 9, 2023 in Philanthropy Grants

Bank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay

In an effort to compete with Apple Pay and PayPal, several banks are reported to be developing a digital wallet that integrates debit and credit cards. According to The Wall…
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January 22, 2023 in Philanthropy Grants

FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say

FTX has recovered over $5 billion in liquid assets, including cash and digital assets, according to attorneys representing FTX in Delaware bankruptcy court. The news comes after federal prosecutors announced…
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January 11, 2023 in Philanthropy Grants

Fed’s Esther George sees rates staying high at least into 2024

Esther George, president of the Kansas City Federal Reserve, is urging her colleagues to remain aggressive in their efforts to deal with runaway inflation as she nears the end of…
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January 4, 2023 in Philanthropy Grants

Wall Street’s biggest Tesla bull still sees the stock rebounding 122% from current levels

Despite recent turmoil and concern over Elon Musk's priorities, Morgan Stanley remains bullish on Tesla stock. In a client note, longtime Tesla advocate Adam Jonas cut his price target on…
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December 28, 2022 in Department of Education Grants

Goldman Sachs is planning to cut up to 8% of its employees in January.

According to a person with knowledge of the situation, Goldman Sachs, the storied investment bank, plans on cutting up to 8% of its employees as it girds for a tougher…
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December 22, 2022 in Department of Education Grants

Retail sales fell 0.6% in November as consumers feel the pressure from inflation

Despite a muted level of inflation, consumers pulled back on their spending in November, according to data released Thursday by the Commerce Department. Retail sales declined by 0.6% for the…
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