Economic news

Rapid changes in the cryptocurrency's valuation make it hard to properly price content purchases according to Steam.

The collaboration gives Worldpay another e-commerce tool to battle Amazon's encroachment into traditional retail.

In a world where consumers are tuning out TV ads easier than ever before with streaming services like Netflix, the e-commerce giant is giving advertisers a new platform to be in front of millions of people who like to shop, writes Tom Caporaso, CEO of Clarus Commerce.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

Nobel Prize-winning economist Joseph Stiglitz said "bitcoin is successful only because of its potential for circumvention, lack of oversight."

For remaking East West Bank from a small savings institution into a $36.3 billion-asset player with a seat on the front lines of U.S.-China relations — all while churning out record earnings year after year — American Banker is recognizing Ng for being a "Consistent Performer" as part of our 2017 Banker of the Year awards.

Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies.

Judge says he will move quickly on who should head the agency; group allegedly overcharged hundreds of clients.

President Trump’s pick to head the Federal Reserve will face the Senate Banking Committee this week. Here’s what to watch for.

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool.

The digital-currency startup, which markets software to banks, appears keen to signal that it wants to play by the rules.

The deal for PayPal’s consumer loan portfolio will make Synchrony a bigger player in e-commerce. And the agreement helps the Silicon Valley payments giant achieve its goal of reducing its exposure to the credit cycle.

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying technology commercially viable.

Beyond the initial coin offerings — a fundraising process, similar to an IPO, in which blockchain companies sell crypto tokens instead of shares — and myriad science projects, is there anything substantive occurring with blockchain?

While the Bank of America chief says he is encouraged by progress on tax reform, he cautioned that it remains politically and fiscally tough to accomplish, and that the wrong moves on immigration could offset some of the gains from tax cuts.

With talks about Brexit largely deadlocked, banks have begun putting their contingency plans into action. The focus: Frankfurt.

Because marketplaces are the fastest growing channel in the e-commerce space, many retailers and sellers that have multiple e-commerce channels will see Amazon’s service as a logical next step, writes Victor Rosenman, CEO of Feedvisor.

During his time as Fed governor, chair-designate Jerome Powell has outlined his views on a host of bank regulatory matters, including the need for regulatory relief, the push for housing finance reform, blockchain and much more.

After 10 years in operation, Amazon Fresh didn’t grow quickly and the company shifted more focus to its fast delivery service Prime Now, which also offers grocery products.

As the digital currency skyrockets there are plenty of opinions on the sustainability of the rally.