Tagged: us

December 1, 2023 @ 4:07 pm By Omar Faridi  |  

CME Group, which claims to be one of the world’s leading derivatives marketplaces,  announced that open interest in its deeply liquid U.S. Treasury futures “set a new record of 21,428,757 contracts on November 24.” This year, the notional value of open interest “in CME Group… Read More

December 1, 2023 @ 3:53 pm By Omar Faridi  |  

With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount “for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers.  ” According to Experian’s State of the… Read More

November 30, 2023 @ 4:53 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has shared its fifth annual Transparency Report. Coinbase says that its goal with the Transparency Report is “to provide customers with data about requests for their information that we receive from government agencies and law enforcement.” Coinbase also intends to “provide some insight… Read More

November 29, 2023 @ 1:12 pm By Omar Faridi  |  

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s digital marketplace bank, released key findings from the Reality Check: Paycheck-To-Paycheck research series. The Holiday Shopping Deep Dive Edition examines “the financial lifestyles and spending choices of U.S. consumers going into the 2023 holiday… Read More

November 27, 2023 @ 5:05 pm By Omar Faridi  |  

It’s not just Millennials and Gen Z with do-it-yourself brokerage accounts “driving the trend toward increased use of digital wealth management tools; the digital channel has become central to the client experience for all types of investors, with mobile apps leading the way.” According to… Read More

November 24, 2023 @ 10:59 am By Omar Faridi  |  

Former CEO and Binance founder Changpeng Zhao‘s (CZ) departure from the firm will trigger some short-term volatility in the cryptocurrency market, but crypto will “continue to thrive as more institutional money pours in,” predicts the CEO of an independent financial advisory, asset management and fintech… Read More

November 24, 2023 @ 8:12 am By Omar Faridi  |  

Rental concessions—offers meant to entice tenants, such “as free months of rent or free parking—are at their highest level in more than two years despite strong renter demand,” Zillow‘s (NASDAQ: Z and ZG) data shows. That’s because property managers are now “likely competing for tenants,… Read More

November 23, 2023 @ 2:00 pm By Omar Faridi  |  

Stripe, a financial infrastructure platform for businesses, today announced a partnership with Alaska Airlines that introduces Tap to Pay on iPhone as the primary checkout option during a flight. Using Stripe, more than 7,000 crew members will be able “to accept contactless payments for food… Read More

November 21, 2023 @ 10:19 pm By Omar Faridi  |  

Institutional adoption and sentiment remain strong amid the current crypto cycle, according to an Institutional Investor survey of 250 institutional investors. In the survey, commissioned by Coinbase (NASDAQ:COIN) institutional investors “demonstrated their resilience and expressed optimism about crypto’s role in the future.” Sentiment improved dramatically… Read More

November 21, 2023 @ 8:46 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) filed a complaint alleging that Kraken operates as “an unregistered securities exchange, broker, and clearing house.” Kraken says they disagree and intend “to vigorously defend their position in court.” The news has no impact “on the products they… Read More

November 20, 2023 @ 2:49 pm By Omar Faridi  |  

Wealthfront, a consumer Fintech and pioneer of the robo-advisor industry, announces that the company now oversees more than $50 billion in assets for over 700,000 clients, largely young professionals across the United States. This year Wealthfront‘s team introduced new product lines, “leading to an increase… Read More

November 18, 2023 @ 11:15 am By Omar Faridi  |  

US investment banks have less budget and workforce to devote to fighting financial crime and adhere to changing regulation, according to the 2023 KYC Banking Trends Report by Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management… Read More

November 17, 2023 @ 9:24 am By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company, today announced the launch of the SoFi Enhanced Yield ETF (ticker: THTA). With THTA, SoFi is providing a distinct way “to generate monthly income for investors who are seeking a distinct way to do so, with… Read More

November 16, 2023 @ 5:12 pm By Omar Faridi  |  

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris issued guidance which adopts enhanced requirements for coin-listing and delisting policies of DFS-regulated virtual currency entities, “updating the prior framework issued by the Department in 2020.” Superintendent Harris stated: “This guidance continues the… Read More

November 16, 2023 @ 3:53 pm By Omar Faridi  |  

Circle is focused on creating the world’s largest and most widely used regulated stablecoin network. To do that, Circle are partnering with and empowering “a global community of industry-leading businesses to bring the convenience of stablecoins and Web3 technology to billions of people around the… Read More

November 16, 2023 @ 12:17 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) is introducing new digital capabilities to support consumers in their car shopping and financing journey. Bank of America clients can now “get prequalified for auto financing to learn how much they may be able to borrow and estimate their terms,… Read More

November 14, 2023 @ 9:55 pm By Omar Faridi  |  

Despite mortgage rates reaching 23-year highs, low inventory levels “are spurring surprisingly strong competition,” according to Zillow‘s (NASDAQ: Z and ZG) latest market report1. Depleted inventory stocks are “gradually recovering, and price appreciation is slowing, but demand has remained resilient, and attractive, appropriately priced listings… Read More

November 14, 2023 @ 8:05 pm By Omar Faridi  |  

US-headquartered equity management Fintech Carta is reportedly announcing another round of layoffs. As first reported by Fortune, three workers have stated that San Fransisco-headquartered Carta is currently going through a restructuring process for the third time in 2023. The two other layoff announcements had been… Read More

November 14, 2023 @ 7:00 pm By Omar Faridi  |  

At Gemini, they claim to be dedicated to delivering the “best possible” crypto trading experience for their users. Gemini says it is pleased to unveil “an important update to our derivatives trading ecosystem: mobile app trading.” In August, Gemini had unveiled the ability “to view… Read More

November 14, 2023 @ 6:38 pm By Omar Faridi  |  

Kin, the direct-to-consumer home insurance company built for every new normal, announced operating results through the third quarter “ended September 30, 2023.” Kin finished the third quarter of 2023 “with $77.8 million in gross written premium and $24.2 million in total revenue.” Kin’s operating income… Read More