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Swiss bank UBS tests blockchain for digital gold investments on ZKsync

Switzerland’s largest bank, UBS, is experimenting with blockchain technology to modernize digital gold investments for retail investors. The Union Bank of Switzerland (UBS), with over $5.7 trillion in assets under management, has completed a proof-of-concept for its...

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Trump Tariff Promise Snuffs Out Bitcoin Rally for Second Consecutive Day

It's deja vu all over again in crypto after a hopeful report on a tariff delay was refuted by the White House. To review, President Trump on Thursday promised to impose 25% tariffs on Mexico and Canada...

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Key Fed measure shows core inflation at 2.8%, in line with expectations

Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday. The personal consumption expenditures price index increased...

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Apple shares rise 3% as boost in services revenue overshadows iPhone miss

Apple’s overall revenue rose 4% in its first fiscal quarter, but it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported Thursday. But shares rose about 3% in extended trading after...

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Lloyds to shut 136 branches in UK amid digital banking shift

Lloyds Banking Group (LLOY.L), opens new tab will shut 136 branches in the United Kingdom to match customers' transition to digital banking but will not cut jobs, the lender said on Wednesday. Lloyds shut several branches in...

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Nasdaq’s fourth-quarter profit rises on fintech strength

Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator's financial technology products. The company has been expanding outside its market-sensitive core activities of trading and listing to products that help...

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NVIDIA Shares Rebound 9% as Former Intel CEO Dismisses AI Panic

A decline in investor fears over DeepSeek's low-cost AI subs drowned out Nvidia (NVDA, Financial) shares on Tuesday, which rebounded 9 percent after plummeting 16 percent on Monday. Such concerns about the Chinese AI startup's efficiency breakthrough triggering a sell-off that...

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Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a turnaround plan last quarter in the hopes of reviving its U.S....

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“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps

The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a slice of the fast-growing business of managing money for the wealthy. The...

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Brooklyn Travel Selects BR-DGE to Expand Payment Options Amid Travel Industry Bounce Back

Welcome to United Kingdom, seal stamped in passport, customs office, travelling Brooklyn Travel, a Scottish travel group with multiple brands, has selected a payment orchestration solution from BR-DGE to modernise its tech stack and expand the number of payment method choices it...

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