Economic news

The Securities and Exchange Commission is pitching a fake initial coin offering to educate investors on the pitfalls of too-good-to-be-true ventures.

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

Freelance payment companies are taking advantage of the Trump administration's immigration policies, which are starting to drive more work to freelancers in the U.S. and overseas.

The Senate Banking Committee will consider the nominations of Richard Clarida and Michelle Bowman to the Federal Reserve next week.

The deal, Walmart’s biggest ever, gives it greater access to India’s e-commerce market, which Morgan Stanley has estimated will grow to $200 billion in about a decade. But it will take some time for the business to turn profitable.

Microsoft will use the Stripe Connect platform to enable hundreds of millions of Outlook users to immediately pay invoices and bills received via email in more than 135 countries.

Often touted as Africa’s answer to online retail giant Amazon, Jumia wants tenfold growth in revenue from Egypt and sixfold growth in the number of products offered on its platform to 12 million by 2021.

Amazon and Walmart are battling to build an e-commerce presence in India, making Flipkart a key target for an aquisition.

Nine female crypto leaders are profiled in Glamour magazine. Nasdaq’s Adena Friedman can envision it being a crypto exchange someday. Some banks in Brazil show progress on overcoming a sexist culture. Also, moms react to Kate Middleton.

Financial institutions engaged in virtual currency markets face a number of risks — proceeding carefully is justified.

TransferWise is the first nonbank to become a member of the U.K.’s Faster Payments service (FPS), but with Brexit on the horizon, it has to make sure it is similarly invested in other markets.

Financial institutions engaged in virtual currency markets face a number of risks — proceeding carefully is justified.

Driving an Uber car isn't like many other jobs, and drivers' payments and expenses are also very different. Much of those differences are built on Green Dot technology, and the bank is ready to see if its platform can work for more than just Uber.

So far, U.K. fintechs' options range from relocating to other countries to finding ways to offset negative effects by attempting to “Brexit-proof” their businesses. The latter option can still be a substantial undertaking.

John Williams, a monetary policy expert, has been a critic of Wall Street culture and has voiced concerns about financial startups not offering equal access to credit.

The New York Fed has tapped San Francisco Federal Reserve Bank President John Williams as its next president, concluding a search process that has drawn criticism for being inadequately considerate of candidates with more diverse backgrounds.

In an interview with American Banker, the outgoing president of the Federal Reserve Bank of New York discussed changes in supervision, bank culture and his advice to his successor.

The core strategy of Amazon has always been to listen to customer pain points and add valuable benefits over time. It’s how the company disrupted the retail industry. Now it’s time for grocery, writes Tom Caporaso, CEO of Clarus Commerce.

With smaller screen sizes and increased levels of distractions ranging from a text or a notification, pitfalls in the checkout process can result in more abandoned carts than successful transactions, writes Andre Lyver, director of engineering for financial services at Shopify.

The latest Credit Union Trends Report from CUNA Mutual Group predicts robust membership growth in the year ahead and sustained lending growth due to positive economic factors.