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THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers...
The way we pay is changing dramatically. For example, people are beginning to use their smartphones for every kind of formal and informal transaction — to shop at stores, buy songs online, and even...
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China's July forex reserves fall to $3.20 trillion
BEIJING (Reuters) - China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations.Economists polled by Reuters had predicted...
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Bitfinex exchange customers to get 36 percent haircut, debt token
By Clare BaldwinHONG KONG (Reuters) - Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they...
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9 things that make changing a tire much, much easier
Flat tires are no fun. And with advancements in tire technology, they happen less frequently than they once did. In fact, some tires don't even need to be changed if they blowout — they can "run flat"...
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One industry could get a $100 billion boost from the rise of driverless cars...
Imagine not having to say no to a drink anymore because you have to drive home.That would be great for liquor sales, which have been hit hard by drunk-driving laws in countries like China and Scotland,...
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Here are the 20 best airlines in the world
Emirates has been named the best airline in the world for 2016 by the leading consumer-aviation website Skytrax.The Dubai-based airline was presented with the award at a ceremony during the 2016...
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A rule has been broken on Wall Street, and 'any banker with a brain' is now...
Wall Street banking careers have for decades followed a common pattern.Historically, you would join a firm as an analyst right out of college — if not earlier as an intern — and you'd work your way up...
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THE BLOCKCHAIN REPORT: Why the technology behind Bitcoin is seeing widespread...
Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase...
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How 2 'high-functioning weirdos' built an investing business that's changing...
"We went through a time where no one was paying attention, and now it feels very real."That's according to Amy Nauiokas, cofounder and president of venture-capital firm Anthemis Group, who just got...
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Walmart and Jet.com are due to announce a $3 billion deal by Monday (WMT, AMZN)
It looks like Walmart will be the new owner of the e-commerce site Jet.com.Walmart and Jet.com have agreed to a deal worth "around $3 billion" and will make it official Monday, Recode's Jason Del Rey...
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THE UK P2P LENDING REPORT: Market forecasts, top growth drivers, and why the...
P2P lending has seen a rash of negative press following the high-profile resignation of Lending Club's CEO Renaud Laplanche, but that's just a minor hurdle for this exciting new industry. Peer-to-peer...
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Gawker, Hulk Hogan in settlement talks over privacy case: WSJ
(Reuters) - Gawker Media Group is engaged in preliminary talks with the former professional wrestler Hulk Hogan to reach a settlement over a $140 million court judgment that led the company to file for...
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Understand the payments industry in one hour with this report
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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China's July exports, imports fall more than expected
BEIJING (Reuters) - China's exports and imports fell more than expected in July in a rocky start to the third quarter, suggesting global demand remains weak in the aftermath of Britain's decision to...
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The 20 most common hobbies of the richest people in the world
When billionaires have free time, they have the means for extravagant hobbies, whether it's collecting classic cars or jet-setting across the globe. But the most common hobby billionaires pursue isn't...
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There are more billionaires than ever before — and they're worth a total of...
Being a billionaire is now a more humdrum affair than ever before. The once rarefied cadre of humans with a net worth eclipsing $1 billion ballooned to 2,473 in 2015 — a new record, according to wealth...
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THE CONNECTED DEVICE PAYMENTS REPORT: Market opportunities, top stakeholders,...
The rapid expansion of the Internet of Things (IoT) offers payments companies an opportunity to expand beyond mobile phones, cards, and point-of-sale devices, to a broad and diverse ecosystem of...
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10 things you need to know in markets today
Good morning! Here's what you need to know in markets on Monday. One of the world's biggest hedge funds is backing the Bank of England. Analysts from Bridgewater Associates — which manages around $150...
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You won’t recognize the new world of digital payments without this report
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
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The 10 most important things in the world right now
Hello! Here's what you need to know on Monday.1. Iran has executed a nuclear scientist for spying for the US. An official said in 2010 that Washington had received "useful information" from Shahram...
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