Four Winds Craft Guild turned backlash into a new product line. Hundreds of handmade copies of its controversial “No Influencers” sign are now up for sale. Not everyone is pleased.
Key insight: The future of on-chain finance in the U.S. is dependent on there being statutory certainty about the rules of the road. The Clarity Act may not be perfect, but passing it is essential to maintaining U.S. leadership in the field. What’s at stake: Where the next generation of financial innovation gets built will…
Key Points The automotive industry is evolving into a higher-margin business as software becomes a bigger part of the vehicle. Ferrari has a long list of competitive advantages, and it’s a buying opportunity after the Luce failed to impress with its design. Stellantis has a big turnaround plan, and after shedding 70% of its value…
Investment bank Greenhill is hiring a former Deutsche Bank executive to lead its chemicals franchise in North America, the latest industrials banker to leave the Frankfurt-based group in the past year. Matthew Welsford is set to join the bank this month as a managing director based in Chicago, according to people familiar with the matter,…
A key financial decision people struggle to make is how to allocate savings for multiple financial goals. Do you save for several goals at the same time or fund them one-by-one in a series of steps? Basically, there are two ways to approach financial goal-setting: Concurrently: Saving for two or more financial goals at the…
Fincen’s Andrea Gacki will join Citi as global head of sanctions, BBVA promoted Gonzalo Rodríguez to chief financial officer, HDFC Bank penalized three senior officials for their role in a controversial deposit arrangement, and more in this week’s banking news roundup.
Across the Magnificent Seven, the group of megacap firms that also includes Microsoft, Meta, Apple, Tesla, and Nvidia, the seven together booked US$315.6bn in net profit for the second quarter, of which US$134.6bn, or about 42 percent, came from investment gains, Satori founder Matt King told The New York Times after adjusting the reported figures for…