Fintech

Interactive Brokers Group Inc. (NASDAQ:IBKR) reported first-quarter results after Tuesday's closing bell, missing the Street’s revenue estimate. IBKR stock is moving. Watch the price action here. Q1 Details Interactive Brokers Group reported quarterly earnings of 60 cents per...

Pablo Hernández de Cos, General Manager of the Bank for International Settlements, said Monday that stablecoins present both “opportunities and challenges,” urging coordinated efforts to move forward. The Pros And The Cons Stablecoins are cryptocurrencies designed to maintain a...

Oportun Financial Corp. (NASDAQ:OPRT) shares surged 12.02% to $5.98 before the bell on Friday, after the San Mateo-based lender announced the appointment of Doug Bland as Chief Executive Officer, effective April 20. Veteran Credit Operator Steps In Bland, former Senior Vice President and General...

Based on BlackRock Chairman Larry Fink's annual letter to shareholders, Real World Assets (RWA) are being built into the pipeline of Wall Street product offerings. Do the originators of the concept have a chance to be players here? Or will RWAs be run by Big Finance?  "It opens up the biggest...

Key Takeaways: A new crackdown on private lenders highlights a broader government strategy to lower living costs for young Chinese to revive spending A domestic toothpaste maker's rapid rise shows how local consumer brands are leveraging e-commerce and influencers to challenge established rivals...

Webull Corp. (NASDAQ:BULL) and Robinhood Markets (NASDAQ:HOOD) stocks climbed Tuesday and into Wednesday as investors cheered a pair of distinct catalysts reshaping the outlook for app-based brokerages: the SEC's decision to scrap the pattern day trader (PDT) rule and mounting optimism around the...

The S&P 500 climbed 1.18% on Tuesday to close at 6,967.38, extending its recent rally as easing oil prices and renewed hopes of a U.S.-Iran deal lifted sentiment. The Polygon-based (CRYPTO: POL) Polymarket crowd appears split heading into Wednesday. The April 15 market shows 51% traders betting...

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell reportedly held an urgent meeting with the CEOs of the country’s biggest banks this week to warn them about cybersecurity risks posed by Anthropic‘s newly launched AI model. The meeting took place on Tuesday at the...

It's not JP Morgan Chase & Co (NYSE:JPM). It's not Bank of America Corp (NYSE:BAC). According to Forbes' latest rankings, the top bank in the U.S. is SoFi Technologies, Inc. (NASDAQ:SOFI) —a fintech-turned-bank that's still trading far from its highs. The recognition, based on a global survey...

Nepal’s authorities have uncovered an alleged fraud operation centered around expeditions to Mount Everest, where foreign trekkers were targeted for bogus rescue and medical claims. Alleged Everest Insurance Scam Targets Foreign Climbers The South Asian country’s Central Investigation...

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon has revealed that the largest U.S. bank is mulling over the idea of offering prediction market services to its customers. Speaking to CBS Evening News on Tuesday, Dimon said, “It’s possible one day we’ll do something like that....

Visa Inc. (NYSE:V) is currently presenting a stark contrast between its quantitative technical metrics and Wall Street’s fundamental analysis. While the stock is down 13.82% year-to-date, leading to a deteriorating value profile, prominent analysts are doubling down on the payments giant...

The latest annual results from Bank of Gansu and Jiangxi Bank show their margins are getting compressed by high interest payments on their time deposits and falling loan yields image credit: Bamboo Works Key Takeaways: Bank of Gansu and Jiangxi Bank are seeing their net interest margins compress...

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon is once again stepping into the role of capitalism’s most prominent defender, calling critiques of the U.S. economic system as no longer working for ordinary Americans “dead wrong” in a CBS News interview on Tuesday. A self-described...