In the paperwork Didi filed before its initial public offering, the Chinese ride-hailing platform gave no shortage of warnings to investors that regulators in Beijing were hovering.After China’s internet regulator, […]
Banking and Financial Institutions
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Back to news homeCryptocurrency Seeks the Spotlight, With Spike Lee’s Help
Some celebrity endorsements of cryptocurrencies have run into trouble. In 2017, the Securities and Exchange Commission cautioned that some famous people were hyping the virtual currency sales known as initial […]
Halfway Through 2021, the Hot Stocks Are Old-Fashioned
The company sells a surprising amount of its sculpting lipstick, stay-in-place foundation and skin care creams at airports. Ms. Perin Vinton is betting, in part, that the company’s sales will […]
How Two Start-ups Made a Fortune in Fees on P.P.P. Loans
Also in late February, Blueacorn and Womply got an unexpected tailwind from a major rule change by the Small Business Administration, which oversaw the loan program. Concerned that women and […]
Top U.S. Officials Consulted With BlackRock as Markets Melted Down
As Federal Reserve Chair Jerome H. Powell and Treasury Secretary Steven Mnuchin scrambled to save faltering markets at the start of the pandemic last year, America’s top economic officials were […]
Banks Slowly Offer Alternatives to Overdraft Fees, a Bane of Struggling Spenders
“The most egregious practices are largely the same as they have been for nearly 20 years,” said Rebecca Borné, a senior policy counsel at the Center for Responsible Lending, an […]
Stocks Drop as Wall Street’s Unease Stretches to a Fourth Day
Stocks headed for their biggest daily decline in a month on Friday, capping a week of turbulence on Wall Street as investors struggled to calibrate their expectations for inflation and […]
Bitcoin Is Actually Traceable, Pipeline Investigation Shows
When Bitcoin burst onto the scene in 2009, fans heralded the cryptocurrency as a secure, decentralized and anonymous way to conduct transactions outside the traditional financial system.Criminals, often operating in […]
Thousands Descend on Miami to Glorify Bitcoin
MIAMI — There was money in the air. Buzzwords floated around, like NFT, BTD, blockchain, token. There was a frenzied energy.And there was heat — a humid, sticky South Florida […]
The Fed announces plans to sell off its corporate bond holdings.
The Federal Reserve’s first-ever foray into the corporate bond market will come to a final close in coming months, with the central bank announcing Wednesday that it will sell off […]