Finance
Acko Taps Banks for Potential $350 Million India IPO
Indian digital insurer Acko, backed by General Atlantic, is reportedly hiring investment banks for a potential $350 million IPO, aiming for a...
Finance 110 articles
Finance
X Money App Edges Closer to Public Launch
Elon Musk's "everything app" X, incorporating payments and banking, is nearing its public debut. Early testers report attractive savings rates and cashback...
Finance
Norfolk Southern Profit Dips 27% on Ohio Derailment Payout Absence
Norfolk Southern's first-quarter profit fell 27% due to not collecting major insurance payments for the East Palestine derailment and increased merger costs...
Finance
Morgan Stanley Unveils Fund for Stablecoin Reserve Management
Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio (MSNXX), a government money market fund for stablecoin issuers to invest reserves, aligning...
Finance
Simply Business Brings Insurance Quoting to ChatGPT with Three Data Points
Simply Business has launched a ChatGPT app, allowing small businesses to receive indicative insurance prices using just three data points. This marks...
Finance
Agriculture’s Asset Shift Reshapes B2B Credit Underwriting
A new FDIC report reveals a fundamental shift in agricultural lending from income-based to collateral-based, signaling broader implications for B2B working capital...
Finance
BoE Deputy Warns Stock Markets Overvalued, Set for Fall
Bank of England Deputy Governor Sarah Breeden signals concern over elevated asset prices, warning of an inevitable market correction due to unacknowledged...
Finance
US Mortgage Rates Decline for Third Consecutive Week
Average long-term U.S. mortgage rates have fallen for the third week in a row, reaching 6.23%. This easing of borrowing costs coincides...
Finance
OTP Security Fails as Automation and Deception Escalate
One-time passwords, once a trusted security measure for banks, are now insufficient against sophisticated automated attacks and social engineering, experts warn.