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One generation is set to benefit disproportionately over the next decade as the $124 trillion Great Wealth Transfer gains momentum between now and 2048.
Generation Xers, born between 1965 – 1980, will inherit a little over 10% of the $124 trillion that will be handed down over the coming 10 years, says asset and wealth management research firm Cerulli Associates.
“Over the next decade, Gen X...
A bank employee is pleading guilty to stealing from the lender’s customers and lying to conceal her guilt, according to the US Attorney’s Office for the Eastern District of Virginia.
The Eastern District says Truist Bank employee, Ahshah Dior Martin, stole $195,000 from at least 70 Truist Bank accounts.
Martin started gathering banking information on her would-be victims in 2023 after improperly...
New data from the market intelligence firm Glassnode reveals that ancient Bitcoin (BTC) is awakening, suggesting that sell-side pressure may rock the crypto king.
In a new thread on the social media platform X, the crypto analytics platform notes that tens of thousands of tokens have sprung to life during the month of July, meaning that early investors could be looking to take profits.
“[...
There’s a growing divergence between institutional investors’ expectations for US stocks and the dollar, according to a new survey conducted by the financial giant Goldman Sachs.
Goldman’s survey indicates investors are expressing increased bullishness on US stocks, particularly on Tesla, Meta, Alphabet, Amazon, Apple, Microsoft and Nvidia, the large tech firms that make up the “Magnificent Seven...
The native asset of the stablecoin-focused crypto project Ethena (ENA) skyrocketed by more than 28% on Friday, ignoring a wider crypto market pullback.
The price surge materialized after the Arthur Hayes-backed decentralized finance (DeFi) project announced a new strategic partnership with Anchorage Digital, a federally chartered crypto bank.
The partnership aims to bring Ethena’s second...
Bank of America (BAC) says it has just approved a new multi-billion-dollar stock-buyback program.
In a new announcement, the largest bank stock in Warren Buffett’s Berkshire Hathaway portfolio says its board of directors has approved a $40 billion common stock repurchase program that goes into effect on August 1st.
A stock buyback is when a company buys shares of its own stock, reducing the...
US lawmakers are reportedly subpoenaing the heads of JPMorgan Chase and Bank of America for their roles in the initial public offering (IPO) of a global Chinese battery supplier.
The lawmakers are demanding JPMorgan Chase CEO Jamie Dimon and Bank of America boss Brian Moynihan produce documents related to the Hong Kong listing of Contemporary Amperex Technology (CATL), which supplies batteries to...
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Recycled buzzwords and hashtags are not enough in the modern Web 3.0 market.
If you want to break through in today’s Web 3.0 space, the only way to do that is by creating a monopoly in something consumers want. Very few times has this been done in blockchain.
Bitcoin stands as a new asset class, while Ethereum has proven viable for creating mainly NFTs (non-...
A US bank has agreed to pay up to $10,000 to customers affected by an alleged data breach that exposed personally identifying information.
According to a settlement administrator’s portal, The Bank of Canton will pay $300,000 to settle a lawsuit accusing the Canton, Massachusetts-based lender of negligent data security practices.
Class members in the lawsuit, defined as the existing, former and...
A decentralized finance (DeFi) altcoin that received trading support from the crypto exchange Binance in May is seeing gains despite the dip in the digital assets market.
The token of Maple Finance (SYRUP) is currently changing hands for $0.475, up by 7.95% over the past 24 hours.
This comes after the DeFi platform for institutional lending unveiled a proposal to increase allocations for...