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Merrill and Bank of America have introduced a private market program designed for ultra-wealthy customers.
The Alts Expanded Access Program, aimed at ultra-high-net-worth (UHNW) clients with a net worth of $50 million or more, is launching this fall, Merrill Wealth Management and Bank of America (BofA) Private Bank said in a Thursday (Sept. 4) news release.
“Traditionally, private...
McDonald’s has reportedly come out against tipped wage laws that allow establishments in which workers earn tips to pay their employees less than the minimum wage.
CEO Chris Kempczinski told CNBC Tuesday (Sept. 2) that all workers should be paid at least the federal minimum wage, and McDonald’s withdrew from the National Restaurant Association because of its stance on this issue, the...
Regulatory clarity for cryptocurrency assets is a “key priority” in the Securities and Exchange Commission’s regulatory agenda, SEC Chairman Paul Atkins said Thursday (Sept. 4).
In a statement on the SEC’s Spring 2025 regulatory agenda, which was released Thursday, Atkins said the plans show that it is “a new day” at the SEC and that the agency will focus on supporting innovation,...
Blockchain platform Fireblocks has launched a network designed to power stablecoin payments.
The Fireblocks Network For Payments, announced Thursday (Sept. 4), is available in more than 100 countries and designed to help institutions like FinTechs and payment services providers build products on Fireblocks’ infrastructure for things like payouts, remittance, merchant settlement and...
Retailers are navigating a consumer landscape where every misstep in stocking the right product can mean lost sales or excess costs.
Shoppers, more selective in their spending, expect their preferred items to be available when they want them.
Meanwhile, supply chains remain vulnerable to disruption.
Against this backdrop, inventory management has become a lever for profitability, and...
Hackers from North Korea are reportedly flooding the cryptocurrency sector with seemingly legitimate job offers.
As Reuters reported Thursday (Sept. 4), it’s part of a scam to steal digital assets, and a problem so widespread that job applicants have begun screening recruiters to spot signs they might be working for the North Korean government.
“It happens to me all the time and I’m...
In the span of just a few years, prediction markets have leapt from obscure crypto experiments into the heart of financial, political and cultural debate.
And with the U.S. Commodity Futures Trading Commission (CFTC) on Wednesday (Sep. 3) issuing a no-action letter regarding event contracts, that momentum appears set to continue its trajectory forward.
The letter, issued in response to...
When Dr. Mark Truty was in college, his father was diagnosed with pancreatic cancer. Doctors told the family the tumor appeared localized and attempted surgery.
“I remember when the surgeon came out, he said they got most of it. And I never understood that. Like, what do you mean most of them?” Truty recalled, in a Mayo Clinic video. The cancer spread to his father’s liver and abdomen...
Private sector job growth slowed in August, while the rate of pay gains was little changed, ADP said Thursday (Sept. 4).
The private sector added 54,000 jobs during the month, a figure that was down from the revised total of 106,000 added in July, the human resources (HR) and payroll solution provider said in a Thursday press release.
Year-over-year pay growth was little changed in...
Financial technology company FIS has introduced an artificial intelligence (AI)-powered treasury management solution.
FIS Neural Treasury combines AI, machine learning and robotics to help corporate treasurers increase efficiency, reduce operational risk and unlock cash flow to finance strategic growth opportunities according to a Thursday (Sept. 4) news release.
“Amidst rapid...