Federal Reserve Vice Chair for Supervision Michael S. Barr recently gave a speech titled “The Federal Reserve’s Role in Supporting Responsible Innovation.” Focusing on the payments system, Barr acknowledged that banks and their service providers are thinking creatively about how they can leverage new payments rails to meet customer needs for immediate funds availability. He noted that...
In this era of increasing digital payment options and contactless transactions, knowing whether a major retailer such as Aldi accommodates Apple Pay can greatly impact the shopping experience. Here’s everything you need to know about using Apple Pay and similar services at your favorite discount grocer so you can go in prepared. Aldi Apple Pay...
general view of visitors are seen at Samsung booth during the chinajoy 2023 at Shanghai new expo center in Shanghai, China on July 28, 2023 (Photo by Ying Tang/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images South Korea’s Samsung Electronics reported Tuesday quarterly operating profit that was better than expected despite dropping 77.6%...
By Ivo Georgiev, CEO and Co-Founder of Ambire Wallet The transition to web3 promises a decentralized future, where individuals have greater control over their digital lives and assets. This vision is captivating, but for it to become a reality we must address a critical roadblock: today’s web3 wallet access and recovery processes – which are...
My wife (62) and I (60) have $2.4 million in our Edward Jones IRA account and have no mortgage payment and our children are out of the house. Do we really need a financial advisor (at 1%) or could we go with a less expensive option like Vanguard? We don’t see any adjustment with our...
Mikko Lemola Drug developer Lexeo Therapeutics (LXEO) has disclosed terms for a proposed $126M initial public offering. Lexeo said in an SEC filing that it was looking to offer 9M shares priced between $13 and $15, which would raise around $126M if priced at the midpoint. Underwriters were granted a 30-day option to buy up...
Last month, the U.S. Securities and Exchange Commission (SEC) approved Nasdaq’s filing to introduce the first exchange Artificial Intelligence (AI) powered order type, a watershed moment for how AI is leveraged in the markets. This new order type allows like-minded buyers and sellers of equities to minimize the extent to which their transactions impact prices....
Can a nursing home seize your savings? What if your money is in a trust or a Roth IRA? For married and single retirees alike, these are important questions with nuanced answers. First for the good news: A nursing home cannot simply take your retirement accounts or savings. Short of legal action due to an...
When you lack health insurance and need to schedule an appointment with a medical professional, you’ll have to pay for the visit out of pocket. In some cases, that idea is daunting. After all, health care is known for being expensive, particularly if you’re uninsured. By understanding how much the appointment may cost, you...
McDonald’s on Monday reported quarterly earnings and revenue that beat analysts’ expectations as price hikes offset falling traffic to its U.S. restaurants. Despite higher menu prices in some regions, executives said that the burger chain is still beating rivals across most of its biggest markets when it comes to consumers’ perception of value and affordability....