Marc Jones is Partner, Commercial Litigation, Fraud & Securities Litigation, Stewarts. He is a legal expert on digital financial services and crypto. As the digital currency market becomes both increasingly mainstream yet more complicated, we spoke to Marc Jones, Partner, Commercial Litigation, Fraud, and Securities Litigation, Stewarts, about the future of money globally, and how it looks set to change. Jones […]
WASHINGTON – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise interest rates to tackle rising inflation. Speaking on “Face the Nation” on CBS, Blankfein said a recession is “a very, very high risk […]
U.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower. Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures were slightly higher, while Nasdaq 100 futures added 0.13%. During regular trading the S&P […]
Shanghai has set out plans for the return of more normal life from 1 June and the end of a painful Covid-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity. In the clearest timetable yet, deputy mayor Zong Ming said on Monday that Shanghai’s reopening […]
SINGAPORE — Shares in the Asia-Pacific were mixed on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Mainland Chinese stocks were lower, with the Shanghai Composite down 0.59% and the Shenzhen Component fell 0.75%. China’s economic data for April missed expectations, hurt by strict Covid limits in parts of the […]
Ford has sold another 7 million Rivian shares worth $188.42 million. This comes just days after the Blue Oval sold $214 million worth of stock, meaning the automaker has offloaded over $400 million in Rivian shares in the past week. Rivian went public last November, with reservation holders allowed to purchase stock early for a […]
Is monitoring transactions causing a privacy dilemma? Asks Antony Bellingall, co-founder and director of Idenfo, A recent article appeared in the UK’s Guardian newspaper regarding a disturbing new trend where fraudsters pose as loved ones to steal money. Potential victims are first targeted by fraudsters using “sucker lists” – people who have often fallen prey to […]
Sushil Patel, Director of Restructuring for Kroll discusses how HMRC reduces its overall debt balance as new debt continues to rise Following the accumulation of record levels of overdue debt as the result of the COVID-19 pandemic, Her Majesty’s Revenue and Customs (HMRC) has successfully reduced the overdue debt balance to £39.4 bn as at December 2021, a […]
Several regions in the U.S. that have become a hotbed for inflation saw prices cool in April, except for one notable outlier: the mid-Atlantic. The Labor Department reported Wednesday that consumer prices in the mid-Atlantic region, which includes Pennsylvania, New York, New Jersey and Delaware, rose by 7.2% in April from the previous year. While […]
Affirm Holdings Chairman and CEO Max Levchin told CNBC that despite the market’s poor performance this year, U.S. consumers – and Affirm’s customers – are spending healthily. “The U.S. consumer is alive and well. They’re shopping, they’re buying, they’re paying their loans, at least to Affirm quite well. Generally speaking, things are going according to […]
A major change in the way the Ethereum blockchain operates could have huge implications for crypto investors. Ethereum (ETH -2.43%) has long played second fiddle to Bitcoin (CRYPTO: BTC) in the crypto world, despite the fact that many of the most exciting innovations in the crypto space (including the creation of NFTs and smart contracts) […]
Business packed a decade of learning into two years, and for chief financial officers and treasurers, that knowledge can be distilled thusly: Automated payments are better, whether it’s business-to-consumer (B2C) or business-to-business (B2B). Speaking with PYMNTS’ Karen Webster, J.P. Morgan Managing Director, Industry Head — Technology, Media and Telecom Jennifer Acosta and Managing Director, Integrated Payables, Strategy, and Network Chris […]
