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WASHINGTON—Comptroller of the Currency Jonathan V. Gould today highlighted the OCC’s efforts to expand financial literacy, support responsible innovation, and provide consumers with practical educational resources in remarks at the Financial Literacy and Education Commission meeting. Excerpts from Comptroller Gould’s remarks are below. His full statement can be found here. Supporting responsible innovation and digital financial literacy Consumers today have access to financial tools that would have been unimaginable only a few years ago. Americans can open a bank account with just their phone and have access to financial services 24/7. In parallel, criminals are becoming more sophisticated and using…

Bitcoin traded above $64,000 on Wednesday, up 1% on the day, with the broader market green ahead of the Federal Reserve’s rate decision at 2 p.m. ET, per CoinDesk data. Ether added 1.7% to $1,909 and XRP led the majors at 2.6%.The base case is a hold. About 70% of traders expect the Fed to keep its rate at 3.50% to 3.75%, a sixth straight meeting on pause, per CME data.But roughly 30% now price a quarter-point hike, and the case has serious backers: Citadel Securities told clients it expects a surprise increase this week to shore up Warsh’s inflation-fighting…

DeepSeek Shakes Markets in 2025On January 27, 2025, a relatively unknown Chinese-based artificial intelligence company shook up Wall Street. At the time, the AI buildout was in the early innings, and the majority of leading U.S-based technology stocks were at or near all-time highs. However, DeepSeek changed the narrative overnight when it launched its R1 AI model. The company claimed that, unlike leading AI companies like OpenAI and Alphabet (GOOGL), which require hundreds of billions of dollars in hardware, power, and data centers, it was able to build a rival model for a mere $5.6 million. Meanwhile, according to DeepSeek,…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxOCBC is using agentic AI to cut private banking account opening times to 15 business days.Its HELIOS platform collects, verifies and assesses customer information before a relationship manager engages a prospective client, allowing much of the KYC due diligence process to be completed earlier.The system flags missing information and reduces repeated exchanges between clients, relationship managers and compliance teams.Loretta YuenLoretta Yuen, OCBC’s Head of Group Legal and Compliance, said,“We need to identify potential concerns earlier and assess financial crime risks more holistically.By combining agentic AI with the expertise…

Loadings at a Mediterranean port have picked up as Saudi Arabia races to offer its oil to buyers through a lengthier — and more expensive — backdoor.

Ford at the New York International Auto Show in New York City on April 2, 2026.Danielle DeVries | CNBCDETROIT — Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates.Ford shares rose nearly 7% in after-hours trading Tuesday.Here’s how the company performed in the second quarter, compared with average estimates compiled by LSEG:Earnings per share: 42 cents adjusted vs. 35 cents expectedAutomotive revenue: $44.89 billion vs. $45.86 billion expectedThe Detroit automaker cited operational improvements, resilient vehicle pricing and a high sales mix of profitable products…

Persistent drought conditions caused by the climate crisis are expected to cause further disruption to trains across England, as the lack of rainfall affects the ground supporting railway embankments.On Tuesday, South Western Railway (SWR) became the latest large rail company to announce timetable changes and reduced speeds to cope with the effects of hot and dry weather.From Monday 10 August, trains between Yeovil and Exeter St Davids will be reduced to one every two hours, under an amended timetable. Passengers travelling between London Waterloo and Exeter are also advised to allow extra time to complete their journeys, which are expected…

Barclays has increased its banker bonus pool by nearly 30% after a rise in second-quarter profits that has fuelled calls for a tax raid on UK lenders to help fund Andy Burnham’s spending plans.Fresh corporate filings released on Tuesday showed the bank put £1.3bn towards its bonus pool for the first half of the year. That figure, which includes annual and deferred bonuses, was up from £1bn last year.That bonus pot will continue to accumulate through the second half of this year, and is likely to lead to more generous payouts for high-performing bankers when Barclays makes final pay decisions…

Check out the companies making headlines after hours. Cadence Design Systems — Shares of the chip design company popped more than 4% after Cadence Design posted second quarter earnings of $2.11 per share, excluding items, topping the LSEG consensus estimate of $2.05 per share. Revenue of $1.58 billion came in line with expectations. Rambus — The maker of memory interface chips rose slightly after posting second quarter earnings of 77 cents per share, on an adjusted basis, on revenues of $207 million, exceeding estimates. Analysts surveyed by LSEG had expected earnings of 72 cents per share on revenues of $198…

Sopa Images | Lightrocket | Getty ImagesInvestors looking to wager on stocks such as SpaceX and Micron Technology now have a new tool: single-stock futures that trade for nearly 24 hours a day.CME Group on Monday launched cash-settled single-stock futures on 55 U.S. equities, along with micro-sized contracts on 22 names, marking the exchange’s push into a market designed to let investors take leveraged long or short positions around the clock.The contracts trade on CME’s Globex platform from Sunday evening through Friday afternoon, with a one-hour daily maintenance break, enabling investors to respond to earnings and other market-moving events outside…