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By Jennifer Nash
The latest employment report showed that 23,000 jobs were shed in July, compared to June’s 20,000 gain. This figure was significantly lower than the projected addition of 85,000 jobs. Meanwhile, the unemployment rate ticked down to
Circle Internet Group Inc. said its plan to establish First National Digital Currency Bank, N.A., has been approved by the Comptroller of the Currency. The bank’s operating name will be Circle National Trust. Circle submitted its banking application June 30 last year and received conditional approval in December. The move into banking by Circle, a…
Key Points Shares in Venture Global (NYSE: VG) rose by 11.2% in the week to Friday morning as the market began pricing in a breakdown of the U.S.-Iran ceasefire. It’s far from clear whether the memorandum of understanding (MoU) between the U.S. and Iran remains relevant, and whether the Strait of Hormuz will be fully…
Listen to the article 10 min This audio is auto-generated. Please let us know if you have feedback. Bruno Annicq believes some finance leaders are thinking too small about artificial intelligence. While much of the conversation on the topic among CFO circles has focused on automation, Annicq argues AI’s biggest impact will come from helping…
Space Exploration Technologies Corp (SPCX 0.52%), more commonly referred to as just SpaceX, is easily the most valuable space stock in the world, with a market cap of $1.6 trillion. Many investors are willing to look past its high valuation due to expectations of significant growth in the years ahead. But what might surprise you…
Having established itself as a major player in online pay-over-time company, Klarna is turning its attention to brick-and-mortar retail. The company’s buy now, pay later service is now available at Lululemon’s physical stores across Germany and the UK. The rollout comes through Klarna’s partnership with payments platform Adyen. Customers can scan a QR code with…
Key takeaway: Coastal Financial isn’t letting a $68.8 million credit expense created by problems at one of its fintech partners shake its commitment to its nine-year-old banking-as-a-service strategy. Supporting data: The bank’s fee income from its BaaS business totaled $22.9 million through the first six months of 2026. Expert quote: “We are not treating the…