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US Business Sentiment Improves Despite Ongoing Tariff Pressures
American business activity and sentiment improved in May but remain muted amid ongoing tariff turmoil. That’s according to the S&P Global flash May composite index, released Thursday (May 22) an...

Jobless Claims Drop by 2,000, Showing Resiliency in Labor Market
The job market remains resilient amid economic uncertainty, analysts said Thursday (May 22) after government data showed a decline in initial claims for unemployment insurance. That number decreased b...

Banking Circle Lets Visa Access Its Local Clearing Rails
Payments bank Banking Circle launched a partnership with Visa’s Visa Direct. This collaboration lets Visa Direct access Banking Circle’s “extensive” local clearing rails around the world, thus...

BIS, NY Fed Study Suggests Smart Contracts Could Make Central Banks ‘Nimbler’
The digitization of money, and the movement to decentralized finance, begs the question: What happens to financial institutions, central banks and central banking policy? The banking system itself may...

Pennies Fading From Circulation as More Consumers Go Cashless
After more than 200 years, it is time to say goodbye to the penny. As the Wall Street Journal (WSJ) reported Thursday (May 22), the U.S. Treasury Department will cease putting new pennies into circula...

Kraken to Launch Tokenized Stocks and ETFs Outside US
Cryptocurrency exchange Kraken is reportedly set to start rolling out tokenized equities that will be available to customers in Europe, Latin America, Africa and Asia in the coming weeks. Using tokens...

Straight-Through or Shut Out: The Automation Reckoning Facing B2B Suppliers
Across the multitrillion-dollar global B2B market, the future of payments is arriving faster than many expected and putting pressure on suppliers to keep up. Being a reliable B2B supplier once meant d...

Schuman Financial Integrates Euro-Backed Stablecoin With Ripple’s XRPL
Stablecoin-based finance company Schuman Financial has integrated its EURØP coin onto Ripple’s XRP Ledger. “This marks a major step toward bringing compliant euro-denominated stablecoins into...

Funding Round Boosts Fitness App Strava’s Valuation to $2.2 Billion
Fitness app Strava was reportedly valued at $2.2 billion in a recent funding round. That valuation is up from the $1.5 billion it achieved in its previous funding round, in 2020, The Wall Street Journ...

Pagaya Issues $300 Million in Bonds to Fund BNPL Loans
Consumer lending platform Pagaya is reportedly pushing into the pay later market. The company is about to issue $300 million in bonds that will be used to fund buy now, pay later (BNPL) loans offered ...