October 9, 2022

https://ift.tt/fzRs7ON After a tough 2020, payments industry revenues rebounded strongly in 2021, growing at an 11% rate and hitting $2.1 trillion globally, according to a report from McKinsey. In the midst of the pandemic in 2020, the payments industry saw its first revenue decline since the 2008-09 financial crisis. But the sector has quickly bounced […]

https://ift.tt/duMrNzH The Reserve Bank of India is preparing to launch a limited pilot testing a digital rupee for specific use cases. In a 51 page “concept note” on a CBDC, the RBI’s fintech department says the pilot will begin soon as the central bank prepares for a “watershed moment in the evolution of currency that

https://ift.tt/3O2MiSz Photographer: Jeenah Moon/Bloomberg © 2022 Bloomberg Finance LP A September posting recommended selling Apple AAPL short. This switch from bear to bull can be partially explained by this monthly histogram of expected return of share price from 1980. The stock has risen in September only 35% of the time but that number doubles in

https://ift.tt/pOxd7PW The financial compliance world always seems to be perpetually speeding up. But with the last three years precipitating a digital transformation push like the world has never seen, the perpetually influx compliance industry has become even more hectic than usual. Financial businesses today simply do not function the way that they used to. And

https://ift.tt/9uP0cKD | Getty Images Key Takeaways The world’s largest crypto exchange, Binance, had to suspend deposits and withdrawals due to a hack. BNB is the fifth largest crypto by market cap, and the hack was for 2 million BNB tokens, which resulted in $570 million. A hacker exploited a vulnerability in the BNB network, which

https://ift.tt/H0TVNUO On Friday, Fortune’s Lance Lambert and I discussed the US housing market. Click here for audio One of the key topics was household formation. Here is an excellent summary article by Katie McKellar at desert.com: The most ‘underreported’ factor influencing housing market, according to Calculated Risk Bill McBride, author of the economics blog Calculated

https://ift.tt/Kfy6DkS Originally, the Dow Jones Industrial Average was the average dollar value of the 12 stocks this index fund contained. As time went on, the calculations got more complicated. Stocks have been added and removed. Companies have engaged in stock splits or spinoffs. These situations all call for the denominator to be recalculated to reflect

https://ift.tt/ySwlrFQ | Getty Images Key Takeaways Home prices are most likely to hold over the next year according to Goldman Sachs, though they have inflated by 43% since before the pandemic. The Fed’s rate hikes have made borrowing money more expensive, and rates are only expected to get higher over the next 12 months. If

https://ift.tt/BXUzASm | Getty Images Key Takeaways Aaron Judge is in the highest tax bracket, paying 37% for Federal and 10.3% for New York State taxes. For him, tax considerations are very important. For every additional $1 he earns in 2022, he will have to pay $0.47 in taxes. It would be wise for Aaron Judge

https://ift.tt/IaMrSt0 From Manheim Consulting on Friday: Wholesale Used-Vehicle Prices See Large Decline Again in September Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. The Manheim Used Vehicle Value Index declined to 204.5 and is now down 0.1% from a year ago. The non-adjusted price change in

https://ift.tt/FcJDMK8 Oliver Zipse, CEO of BMW is also president of ACEA. He is standing in front of a BMW i4 electric car … [+] (Photo by TOBIAS SCHWARZ/AFP via Getty Images) AFP via Getty Images European carmakers expect sales in the European Union (EU) to slip 1% this year after previously expecting a return to

https://ift.tt/QHDZCmW Stock market operations getty “Why are they interviewing this guy? He doesn’t know… anything.” I paused the Netflix NFLX pseudo-documentary and searched for a quick, thoughtful response to my wife. As the resident investment strategist of the house, my reputation was on the line. “The dude made a lot of money on GameStop GME

https://ift.tt/Tq7fWmL More guidance is expected on how large banks should plan for bankruptcy Compliance Feature Feature3 Duties Compliance Management Compliance/Regulatory Risk Management Financial Services

https://ift.tt/52izOD1 The two banks have acquired subsidiaries in the fields of equipment leasing and wealth management Management Feature M&A Feature3 Financial Services

https://ift.tt/HCLX8ho NYSE trader is shocked! (Photo by Drew Angerer/Getty Images) Getty Images Wall Street’s logic is frightful – or laughable. Here’s the line of reasoning that caused the stock market to fall on Friday (10/8): The latest BLS Employment Situation report (focusing on the All Employees/Total Nonfarm data) showed slowing growth for September, but it