US banking regulator warns of crisis risk from fintech proliferation

Representations of cryptocurrencies on this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration Be a part of now for FREE limitless entry to Reuters.com Register NEW YORK, Sept 7 (Reuters) – The rise of fintech companies and digital banking may spur monetary dangers and probably a long-term disaster, Michael Hsu, performing comptroller of the foreign money, … Read more

A year later, the bitcoin experiment in El Salvador stumbles

CONCHAGUA, El Salvador, September 7 (Reuters) – A yr after El Salvador adopted bitcoin as authorized tender, the realm the place the world’s first cryptocurrency metropolis was to be constructed – a round metropolis powered by a volcano – is one other dense jungle. President Nayib Bukele had promised that “Bitcoin Metropolis” can be a … Read more

China’s trade falters as demand declines at home and abroad

An aerial view reveals containers and cargo ships on the port of Qingdao in Shandong province, China, Could 9, 2022. Picture taken with a drone. China Day by day through REUTERS Be a part of now for FREE limitless entry to Reuters.com Register China’s single-digit export development beats forecasts Imports are lagging, reflecting weak demand … Read more

Wall Street ends its busy post-summer session in the red

Be a part of now for FREE limitless entry to Reuters.com Register ISM service sector knowledge beats estimates Mattress Bathtub & Past shares sink after loss of life of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – … Read more

Wall Street ends its busy post-summer session in the red

Be a part of now for FREE limitless entry to Reuters.com Register ISM service sector knowledge beats estimates Mattress Bathtub & Past shares sink after loss of life of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – … Read more