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Blue Origin’s May 28 explosion of its reusable, heavy-lift New Glenn rocket was a serious setback. It destroyed the rocket and damaged the only operational launchpad for Blue Origin’s heavy-lift rocket program. The company was trying to prove that its rocket could serve major customers, including Amazon‘s (AMZN +0.86%) satellite internet network, NASA’s Artemis lunar…
What’s at stake: X Money has ramped up work with sponsor bank Cross River as it tries to scale its financial services app. Expert quote: “This is an ambitious undertaking for Cross River, and if it succeeds, will do much to enhance their reputation among fintechs and banks,”—Aaron McPherson, principal at AFM Fintech. Forward look:…
The Insurance Regulatory and Development Authority of India’s (Irdai’s) proposed commission caps could weigh on the insurance fee income of banks and non-banking financial companies (NBFCs), with lende₹operating multiple insurer tie-ups and relying heavily on incentive-led payouts likely to face a sharper impact than those following a single-tie-up, closed-architecture model, analysts said. The proposed…
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. In an era where search engines and chatbots can help book business trips, the business of travel agencies may seem like a quaint relic of the past. But Mark Imrie, a nearly two-decade-long veteran of the game,…
It protects liquidity, manages risk and ensures that businesses can continue to operate through periods of uncertainty. Yet the past 12 months have underscored how quickly the risk landscape can change. Treasurers have had to navigate shifting tariff regimes, conflicts in the Middle East that have disrupted key shipping routes, continued supply chain reconfiguration away…
Steve Foy, senior vice president of trading at Tidal Financial Group, explains Tidal’s full-stack ETF platform and ongoing support for clients, from product development and SEC filings to trading and operations. Steve and host Ryan Nauman highlight active ETFs as a major shift from traditional indexing, the surge in defined outcome/buffered and derivative income products,…