Markets face what could be the most important week of summer with the Fed, earnings and economic data

Markets face what could be the most important week of summer with the Fed, earnings and economic data

Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty Images There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s mid-week meeting. The two largest US companies … Read more

RBI Lifts Restrictions On Mastercard In India

RBI Lifts Restrictions On Mastercard In India

Reserve Bank of India has removed the restrictions placed on Mastercard Asia / Pacific Pte Ltd for non-compliance with its data localization guidelines. The card network can now once again issue new cards to customers in India. On July 14, 2021, the RBI had restricted Mastercard from on-boarding new customers as it had not met … Read more

Binance raises $ 500 million fund to invest in Web3 startups

Binance raises $ 500 million fund to invest in Web3 startups

Binance is the world’s largest cryptocurrency exchange, handling $ 490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $ 500 million for its debut … Read more

Mastercard exceeds earnings expectations as consumer spending rebound continues

Mastercard exceeds earnings expectations as consumer spending rebound continues

Mastercard Inc. delivered earnings and revenue ahead of expectations Thursday, as the financial-services company benefited from a continued rebound in consumer spending. Mastercard’s MA, -0.80% fourth-quarter net income rose to $ 2.38 billion, or $ 2.41 a share, from $ 1.79 billion, or $ 1.78 a share, in the year-prior quarter. On an adjusted basis, … Read more