Saudi Arabia is now pushing to export more oil through the Strait of Hormuz
With its East-West pipeline shut down, the Straight of Hormuz is the best avenue available and its spigot has recently opened up. Will it last?
Market and business briefs compiled by the Trading Floor desk from reporting across the industry. Every brief names and links the outlet that first reported the story.
With its East-West pipeline shut down, the Straight of Hormuz is the best avenue available and its spigot has recently opened up. Will it last?
AskBobAI announced today that James Duncan has joined the company as Chief Growth Officer, expanding his relationship with the company from strategic adviser to executive leadership.
The Federal Deposit Insurance Corporation (FDIC) board of directors voted Thursday (Sept. 17) to approve a proposed rule that it said would make the agency’s review of bank merger transactions faster, more predictable and tailored to the potential risks of the transaction. The proposed rule…
A bill that would require financial regulators to assess their technological capabilities and identify ways to make examinations more efficient, effective and responsive was passed by the U.S. House of Representatives this week, the House Financial Services Committee said in a Thursday (Sept. 17)
Business payments firm Bottomline introduced a Software-as-a-Service (SaaS) platform designed to improve payment messaging, according to a Thursday (Sept. 17) news release. Global Pay Connect is aimed at helping “financial institutions extend their payments infrastructure beyond…
Climate investments pull resources away from fighting poverty.
Reducing federal oversight will allow states to set rules that focus on business value over politicized initiatives.
Reducing federal oversight will allow states to set rules that focus on business value over politicized initiatives.
Revolut’s co-founder and CEO says the FinTech is considering a dual London and New York stock market listing. In an interview Thursday (Sept. 17) with French newspaper Les Echos, Nik Storonsky said the company wanted to list in the U.S. as the market there provides more liquidity and a…
Broadcasters and tech giants are writing big checks to state officials, who have weighed in on mergers.
Robust adoption of China’s artificial intelligence models has yet to yield corresponding revenues, according to a report published Thursday (Sept. 17) by research firm Rhodium Group. All of China’s AI models put together generate roughly a tenth of the revenue reported by the two leading U.S.…
“We also pay for the daughter’s food and drinks and she doesn’t usually even eat half of the meal.”
WSJ’s Shelby Holliday explains how the Houthis pulled off a swift offensive that has sparked fighting and sent oil prices soaring.
Senators Tammy Baldwin (D-Wis.) and Rick Scott (R-Fla.) are calling on the Federal Trade Commission to investigate how Amazon and Walmart handle “Made in America” goods and claims on their website and apps, Baldwin said in a Thursday (Sept. 17) press release. In a letter addressed to FTC…
Zscaler’s stock has missed out on the cybersecurity sector’s big rally this year — but it could soon get its moment in the…
The SEC has granted temporary exemptions allowing onchain trading in tokenised US stocks. But at least two prominent existing products - xStocks and Binance bStocks - may not qualify in their current form. The SEC’s eligibility test focuses on the rights attached to each token. Under the…
S&P Global (NYSE: SPGI) today announced it has entered into an agreement to acquire OpenZeppelin, the security standard for onchain finance.
Citi has launched Smart Subscriptions in the UAE, marking its first deployment of the solution anywhere in the world and selecting the UAE as its global launch market.
Securitize surged Thursday after federal regulators greenlit the issuing of tokenized stocks on some trading platforms in the U.S.
BofA analysts say Amazon’s reported plans to expand same-day fulfillment centers represent an effort to make basic goods “immediately accessible.”
Transparency is one of the most common promises in financial services, but publishing internal operational metrics is a different matter. Brokers may be comfortable discussing products, technology and trading conditions, yet figures covering failed verification attempts, payment issues,…
Google’s lead in search has strengthened and AI is leading to new growth, an Evercore ISI analyst notes.
Golden State Warrior superstar Stephen Curry announced in June he was signing a long-term partnership with Chinese brand Li-Ning.
The Detroit automaker’s partnership with Lockheed Martin is a potential lift to America’s munitions supplies depleted by the conflicts in Ukraine and the Middle East.
Plus, Meta needs to convince skeptical consumers it’s trustworthy if its powerful new Muse AI agent is going to succeed.
Suleyman joined "Squawk Box" to discuss OpenAI's latest incidents of "concerning model behavior" disclosed earlier this week.
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