Citigroup tops expectations for profit and revenue on strong Wall Street results
Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.…
Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers
There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the…
China’s robotaxi push sparks concerns about job security for drivers
BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction with consumers — but it’s also rattling…
Bill Gross says Tesla is the new meme stock
Longtime investor Bill Gross believes Elon Musk’s Tesla is behaving like a speculative play among retail investors. “Tesla acting like a…
‘Early innings’ of a U.S. manufacturing boom: Tema ETFs CEO delivers bull case for industrials
One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind…
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
The Biden administration has revoked eight licenses this year that had allowed some companies to ship goods to Chinese telecoms equipment giant Huawei, according to a document first reported…
How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts
When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her…
Crypto takes its fight with SEC directly to Biden and Trump
On a cool, sunny June evening in San Francisco, the Pacific Heights mansion of venture capitalist David Sacks was the…
Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit
LONDON — The boss of British financial technology giant Revolut told CNBC he is optimistic about the company’s chances of…
