The warning comes as there is a significant imbalance between the yields of fintech companies and those paid by FDIC-insured banks, which could cause massive withdrawals from the latter as agents reallocate their users’ savings to accrue higher benefits.
Business
Global stocks fell to a one-week low as Brent rose for a second day and traders added to bets on more Federal Reserve rate hikes ahead of Wednesday's PCE inflation data.
Business
Coinbase joins Kraken in bringing US derivatives infrastructure in-house, after Kraken’s parent acquired Bitnomial and its CFTC-regulated exchange, clearinghouse and brokerage in May.
Business
Goldman Sachs' Anshul Sehgal explains why he prefers AI compute to 5% bonds as the Fed signals another rate hike. The post Goldman Sachs Explains Why Not to Buy the 5%+ Bonds and Rather Stick to AI appeared first on BeInCrypto.
Business
Rising rates and oil prices are pressuring stocks. See how Steve Weiss and Jim Lebenthal are positioning their portfolios. The post Steve Weiss Explains What Rising Rates and $105 Oil Mean for Stocks appeared first on BeInCrypto.