text

First Boulevard raises $5M for its digital bank aimed at Black America

The murder of George Floyd last May ignited many things in the United States last year — one of which that was perhaps unexpected: a rise in the number of digital banks targeting the Black commu

text

Wall St ends sharply lower, tech selloff weighs as bond yields climb

The Wall St sign is seen outside The New York Stock Exchange in New York, U.S., February 16, 2021. /Reuters Wall Street's main indexes tumbled on Thursday, with the Nasdaq index posting its la

text

The current narrative explaining why tech stocks are getting hammered

This morning the tech-heavy Nasdaq Composite index is off 2.34% after falling yesterday. Shares of Tesla are off more than 6% today, now mired in a bear-market correction after reaching new all-time h

text

'Nothing to Hide': Zarif Says Iran Not Seeking Nuclear Weapons

Iranian Foreign Minister Mohammad Javad Zarif stated on Sunday that his country is not trying to create nuclear weapons. He also noted that Tehran's steps on the Joint

text

IMF dismisses inflation concerns of Biden stimulus plan

Signage hangs at the International Monetary Fund headquarters in Washington, D.C., U.S., April 14, 2020. /VCG Fears that inflation could spiral out of control due to a massive U.S. stimulus pa

text

A-share and Hong Kong stock markets experience same trading pattern

China's SSE Composite Index closed 0.55 percent higher on Thursday, February 18, 2020. /CFP Editor's Note: Chen Jiahe is the chief investment officer at Novem Arcae Technologies. The article r

text

With over 1.3 million users, Nigerian-based fintech FairMoney wants to replicate growth in India

There are over 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One way t

text

Stimulus hopes drive Dow to closing peak, interest rate worries loom

The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump. The N

text

LA-based Metropolis raises $41 million to upgrade parking infrastructure

Metropolis is a new Los Angeles-based startup that’s looking to compete with BMW-owned ParkMobile for a slice of the automated parking lot management market.Upgrading ParkMobile’s license

text

China congratulates Ngozi Okonjo-Iweala as WTO's new director-general

The Permanent Mission of China to the World Trade Organization (WTO) has congratulated Nigeria's Ngozi Okonjo-Iweala after she was appointed new director-general of the World Trade Organization (WTO)

text

China hails Nigeria's Ngozi Okonjo-Iweala appointment as new WTO head

Former Nigerian Finance Minister Ngozi Okonjo-Iweala, September 23, 2009. /CFP China extends congratulations to Nigeria's former Finance Minister Ngozi Okonjo-Iweala on being appointed the sev

text

2021 balance sheet: Flood of global monetary liquidity hard to rein in

The world's major central banks adopted unprecedented monetary stimulus measures in 2020 in response to the impact of COVID-19. /CFP Editor's note: Guan Tao is the chief economist of BOC Inter

text

Asian stocks hit record high as earnings, stimulus boost hopes

China's CSI 300 hits a 13-year high on Wednesday, February 10, 2021. /CFP Asian stocks hit a record high on Wednesday as upbeat earnings, hopes of a large U.S. fiscal stimulus package and a pr

text

OptioLend launches new marketplace to become ‘the LendingTree of commercial real estate’

The commercial real estate industry is facing its share of challenges, considering the fact that so many people are working from home (and not in offices) and retail is riding a slippery slope as more

text

Swarm’s low-cost satellite data network is now available to commercial clients

One of the original startups that set out to create a low-Earth orbit satellite constellation to provide a data network here on Earth is now open for business: Swarm, which now operates 81 of its sand

text

India doubles healthcare spending, opens up insurance to more FDI to get growth back up

India proposed doubling healthcare spending in an annual budget unveiled on Monday and lifted caps on foreigners investing in its vast insurance market to help revive a

text

U.S. stocks' further rally may pause as Fed's support could be missing

Editor's note: Jimmy Zhu is chief strategist at Fullerton Research. The article reflects the author's opinion, and not necessarily the views of CGTN. The Fed nearly did not express any concern on the