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$20B North Carolina Data Center Canceled Amid Moratorium Debate
Plans for a nearly $20B data center campus in North Carolina are on ice as local lawmakers consider a development moratorium. The Edgecombe County courthouse in Tarboro, North Carolina Energy Storage Solutions has withdrawn its offer to buy the 28 acres for the project inside a massive shovel-ready site identified by the state for fast-tracked…
Card networks’ ‘buy button’ gains ground but hurdles remain
Key insights: The card networks’ Click to Pay e-commerce system is expanding, though there is still room for growth. What’s at stake: In the U.S. where Click to Pay has not grown as quickly as Europe, banks are at risk of losing competitive advantage. Expert quote: “It’s very important that banks ensure cards stay robust,”—Nick Maynard,…
Who will win at the Canadian Mortgage Awards this November?
New categories for 2026 Two categories that signal how the industry is changing at its edges are The REMIC Award for Finfluencer of the Year and Mortgage Tech Innovator of the Year. The Finfluencer of the Year award recognises financial content creators who have made a measurable positive impact on Canadian mortgage literacy, judged against…
Geopolitical shocks and market memory: evidence from crypto and energy assets during the Russo-Ukrainian war
Geopolitical shocks and market memory: evidence from crypto and energy assets during the Russo-Ukrainian war – Journal of Energy Markets Skip to main content End of drawer navigation content The Russo-Ukrainian conflict significantly disrupts financial markets by increasing return predictability and volatility persistence, challenging the weak-form Efficient Market Hypothesis (EMH). Both cryptocurrencies and energy assets…
Wise Shares Tumble as US Regulator Denies Banking Licence Application
Wise’s shares fell by 9% on Friday morning after the US Office of the Comptroller of the Currency (OCC) rejected its application for a national trust bank charter, delivering a severe setback to the cross-border payments firm in its primary growth market. As major fintech firms, including Revolut, have sought national trust bank charters in…
Mamdani Dives into Rental Ripoff Reforms, Starts Small
Mayor Zohran Mamdani promised to heed tenants’ calls for reform at Rental Ripoff Hearings, but upping enforcement on landlords to “fix the city” is easier said than done. The Mamdani administration debuted his Rental Ripoff Report Thursday, compiling tenants’ most frequent complaints about their living conditions and landlord dynamics, while promising major changes planned to…