United Airlines gets hit by a $6 billion added-fuel-cost headwind
Investors zero in on United’s potentially fatter jet-fuel bill — the airline said it expects nearly $6 billion in additional fuel expenses for the year.
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Proposed new laws set to strengthen financial rights of unmarried cohabiting couples
Cohabiting couples who are not married or in a civil partnership are set to receive new rights to finances under new rules proposed by the government. The proposals could see unmarried partners allowed a portion of the proceeds from a house sale, a percentage of a pension, automatic inheritance rights, and more when a relationship…
SEC Proposes Rescission of Regulation NMS Rules 611 and 610(e)
The Securities and Exchange Commission today proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS. “After two decades of Rule 611, it is high time that the Commission review its unintended consequences that have hindered — rather than enhanced — the long-term growth of our markets,” said SEC Chairman Paul S. Atkins. “This…
FCA and Bank of England set out shared vision for tokenisation in UK wholesale markets
News release UK financial firms can adopt tokenisation and distributed ledger technology (DLT) with greater confidence, as the Financial Conduct Authority (FCA) and the Bank of England set out a shared vision and seek industry views on the future of UK wholesale markets. Tokenisation is the process of creating a digital representation of a…
Visa Bets Cardholders Will Turn to AI for Financial Advice
Credit cards have long helped consumers pay for purchases. Now Visa wants them to help consumers decide how to spend their money. During the Visa Payments Forum, the company unveiled AI Financial Assistant, a tool that lets cardholders chat with an AI assistant within their banking app about topics such as spending habits, budgeting recommendations,…
How This ‘Clueless’-Inspired App Is Solving the ‘Nothing to Wear’ Problem for 10 Million Users
Inspired by the 1999 movie ‘Clueless,’ this app lets you remix your wardrobe like a pro—helping 10 million users find outfits and cut back on fast fashion.
The 8 Most Eye-Opening Money Attractions in the U.S.
Some of my most memorable vacations have centered around money — and didn’t require spending much of it at all. I had my photo taken next to a $1 million stack of bills at Binion’s on a recent trip to Las Vegas. Another memorable experience was visiting the Bureau of Engraving and Printing in Washington,…
