Italy is bracing for a record wave of tourists, but is having trouble handling them
Bellagio, Lake Como, Italy — When boat drivers start complaining about the tourists overrunning this famous lakeside resort, where Taylor…
Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’
When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to…
Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day
Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.…
Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according…
37% of Americans paid a late fee in the last 12 months, report finds
Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been…
Jim Chanos calls suit accusing him of embezzling funds ‘baseless and defamatory’
Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.”…
Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago
Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending program are finally going to start getting their…
This new weight loss drug ETF bets big on two of the industry’s leading players
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments’ GLP-1 &…
Wall Street ponders what happens to booming private credit market when you-know-what hits the fan
The explosion of private credit has been met with a whole host of concerns, but among the louder ones more…
