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Report: Fintech Growth Rebounds | Global Finance Magazine
A new report finds global fintech revenues topped $504 billion as sector growth outpaced traditional finance. This article appears in the July/August issue of Global Finance Magazine. A shift in sentiment is underway in the global fintech sector. Two years ago, the industry was still recovering from the post-pandemic fintech reset, which brought capital shortages, plunging…
Lawmakers stall Newsom’s wildfire liability bill, saying it doesn’t go far enough for victims
The California Assembly opted not to vote Tuesday on legislation meant to help wildfire victims, deciding at the last minute to push back a decision on a bill that some Democrats, including Gov. Gavin Newsom, said wouldn’t meaningfully address the financial challenges caused by catastrophic blazes. Lawmakers introduced the legislation over the weekend after they…
10 Types of Consulting Work That Are Becoming More Valuable as Junior Roles Disappear
Consulting firms are cutting jobs and restructuring career paths. The bigger story is which 10 services leaders will still pay premium fees for in the years ahead.
US dollar sinks on shock contraction in jobs
The US non-farm payrolls report pointed to an economy significantly worse than believed. The data showed the economy shedding 23K jobs in July, far worse than +80K expected and below any estimates in the survey of economists. Worse yet, the prior two reports were revised lower by a combined 103K jobs dropping the three-month average…
London Exchange Plans to Offer Tokenized Stocks
Tokenized stocks may be coming to the London Stock Exchange, as Payward, the parent company of Kraken, has announced plans to tokenize the top 100 London-listed equities under its xStocks brand. The offering will bolster the stock exchange’s decision to explore LSE 24, its planned 24-hour trading venue. If regulators approve the arrangement, it could…
