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The head of America’s largest bank by assets, Jamie Dimon, is predicting an upcoming boom for the country’s economy as the combination of vaccinations, trillions in government spending, pent-up demand, and large savings balances should produce a strong bounce in consumption that could easily spill over to 2023. The Chief Executive of JP Morgan &…
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Alibaba, the largest Chinese company listed in the US, has been facing multiple issues in China. In the most recent salvo at Alibaba, China has reportedly asked the company to shed its interests in the media business. While Alibaba is synonymous with eCommerce it has several other businesses including the cloud business that turned EBITDA…
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Are you transferring cash to a friend across the table or sending to a family and acquaintances halfway around the world? Either way, you deserve access to the most affordable, secure, fast, and reliable money transfer service provider. For ages, banks have had a field day when it comes to both local and international money…
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Are you looking for a fast, safe and cheaper way to receive, send or manage your money? Do you travel a lot? If you do, how convenient is your financial service provider? These are some of the questions FinTech startups are looking to provide answers for, and by that, bring about new systems that will…
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Fintech company Square, whose stock has rallied sharply over the last year, was trading lower in US premarket trading today after the company released its fourth quarter earnings that showed a mixed performance. Square released its fourth quarter earnings yesterday after the markets closed. The company’s revenues rose 141% in the quarter to $3.16 billion….
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Square stock is up sharply over the last year. The company is set to release its fourth quarter earnings this week. Can the stock continue to rise further after the earnings release? Fintech stocks have been red hot over the last year. Fintech giant Ant Financial was set to become the biggest IPO of all…
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The real estate industry has ruled the investment world for decades, and it still does, allowing countless individuals to accumulate generational wealth after investing in its numerous sectors. For the better part of this time however, it was dominated by the society’s elite and moneyed barons. These could afford to put down a 20% or…
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The price of Bitcoin (BTC) is soaring to new highs today after JP Morgan cast a bold $146,000 long-term target for the cryptocurrency, deeming it a strong competitor to gold as an ‘alternative currency’. BTC moved to $35,000 for the first time in its history during early cryptocurrency trading activity, yet it is settling a…
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Alibaba stock was trading lower in the US premarket trading on Monday adding to its losses on Friday. The stock could turn negative for the year amid China’s crackdown on tech companies. While 2020 has been a good year for tech companies, China’s probe into the alleged monopoly of its tech companies turned the tide…
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Ripple’s crypto token XRP is plunging this morning after the company warned about an upcoming lawsuit from the Securities and Exchange Commission (SEC) amid an alleged violation of investor protection laws. The upcoming lawsuit states, according to Ripple’s Chief Executive Brad Garlinghouse, that the company failed to register XRP as a security, which means that…
