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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…Read More
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…Read More
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…Read More
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…Read More
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…Read More