Asian shares rise as worries about banks begin to fade.
Asian shares have been on the rise in recent weeks, as anxiety over the health of banks in the region begins to fade. Investors have been buoyed by strong earnings reports from some of the region’s largest banks, as well...
Binance CEO CZ, crypto tycoon, faces more than ‘FUD’ in CFTC suit.
Binance CEO CZ (Changpeng Zhao), commonly known as CZ, is facing more than just “fear, uncertainty, and doubt” (FUD) in the ongoing lawsuit brought against him by the US Commodity Futures Trading Commission (CFTC). The CFTC has accused CZ of...
BlackRock and Fidelity lose $1 trillion in China’s pension market.
BlackRock and Fidelity are among the top asset managers who have lost a combined $1 trillion in China’s pension market, according to recent reports. This loss comes as China moves to nationalize its pension system, which has been managed by...
After Silicon Valley Bank, First Citizens buys Run on Lender.
In a recent move, First Citizens Bancshares, a North Carolina-based bank, has announced its acquisition of Run on Lender (RoL), a California-based fintech lender that specializes in small business loans. This acquisition comes just months after Silicon Valley Bank (SVB)...
Jack Ma’s Retreat reduces China’s supply to private enterprise.
Jack Ma’s retreat from the spotlight has raised concerns about the state of private enterprise in China. In late 2020, Jack Ma, the billionaire founder of Alibaba, made headlines for his criticism of China’s financial regulatory system. His remarks came...
Rocket Lab wants a $50 million Neutron Rocket launch to challenge SpaceX’s Falcon 9.
Rocket Lab, a private American aerospace manufacturer and small satellite launcher, has announced that it is developing a new medium-lift launch vehicle to challenge SpaceX’s Falcon 9. The Neutron rocket is designed to carry payloads of up to 8,000 kg...
