JetBlue Airways executives on Wednesday said acquiring Spirit Airlines is the airline’s ticket to growth and a shot at better competing against larger rivals. The $3.6 billion all-cash bid, which Spirit called “unsolicited,” casts doubt on the latter’s planned tie-up with Frontier Airlines, which the carriers announced in February. Spirit...
A version of this post was originally published on TKer.co Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon go into recession. “Two shocks in recent months, the war in Ukraine and the build-up of...
JPMorgan Chase CEO Jamie Dimon may not be a fan of Bitcoin, but he does see value in the technology that underpins it. In his annual shareholder letter, Dimon wrote that “decentralized finance and blockchain are real, new technologies that can be deployed in both public and private fashion,...
As the April 18 tax deadline approaches, most cryptocurrency investors still aren’t prepared to file, according to a survey from CoinTracker, a crypto portfolio tracking and tax software company. As of March 27, some 96% of digital currency investors hadn’t submitted their returns, the findings show, and 75% aren’t ready...
Federal Reserve Governor Lael Brainard, who normally favors loose policy and low rates, said Tuesday the central bank needs to act quickly and aggressively to drive down inflation. In a speech written for a Minneapolis Fed discussion,...
TOKYO, April 6 (Reuters) - Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over...
Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics. Scaramucci is a former Director of Communications at the White House...
Bitcoin software firm Lightning Labs has secured a large funding round enabling it to further develop the Lightning Network for faster, cheaper Bitcoin and stablecoin transactions. The $70 million Series B funding round was led by Valor...
The United Kingdom's Economic and Finance Ministry has said it intends to amend its existing regulatory framework to incorporate stablecoins used as a means of payment. In a Monday announcement, HM Treasury said certain stablecoins could potentially become “a widespread means of payment” for retail customers in the United Kingdom following a...
For quite a few years cyber was the poster child of Israeli high tech, but in recent years it has had a real rival: fintech, which deals with financial technology. An impressive list of startups in this field have raised large sums, and in the past year the most...
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