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How is the Baltic nation of Latvia reinventing its financial identity? In particular with its linkages to wider economic development? For much of the post-Soviet era, Latvia’s financial sector was known internationally for a very different reason than fintech. During the 1990s and early 2000s, the country developed a significant banking industry that served international clients, particularly from the Commonwealth of Independent States (CIS). However, following regulatory reforms, changing international standards and efforts to strengthen financial transparency, Latvia began reshaping its financial sector and redefining its role within Europe’s financial landscape. Today, that reinvention is increasingly centred on technology. Rather…

A remarkable back-of-the-envelope calculation from a currency strategist shows just how big SpaceX’s initial public offering could reverberate in global markets.

The issue is that the AI story has become so crowded, so capital-hungry, and so aggressively priced that even believers are starting to ask if the market has already eaten too much of tomorrow’s meal.Takeaways• The failed bounce was the tell. This was not just another ugly tech session. It was the market admitting that AI leadership has become crowded, expensive, and too central to index psychology. • Equity supply is the next liquidity test. SpaceX, OpenAI, Anthropic, and the broader AI capital-raising machine may validate the innovation cycle, but they also force investors to decide what must be sold…

US wholesale inventories increase for third straight month in April

Check out what’s clicking on FoxBusiness.com. Kia is recalling more than 6,000 vehicles because of a seat belt malfunction that could increase the risk of injury in the event of a crash. The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models, according to a notice from the National Highway Traffic Safety Administration. The affected vehicles include 4,367 Telluride Hybrid models manufactured from March 24 through May 12, 2026, and 1,897 gas-powered Telluride models manufactured from March 24 through May 10, 2026.Kia learned that the “driver seat belt emergency locking retractor (ELR) may lock” when the driver attempts…

‘Dark corners’ authors on setting policy under intense uncertainty – Central Banking Skip to main content End of drawer navigation content Douglas Laxton and Shalva Mkhatrishvili say policy-making should work to avoid the worst outcomes How did the research into avoiding ‘dark corners’ – very bad outcomes for an economy – come about in the first place?Douglas Laxton: When I was in charge of the economic modelling division at the International Monetary Fund, we were supporting both multilateral and bilateral surveillance and risk analysis. Following the co-ordinated G20 fiscal expansion in response to the global financial crisis, [then chief economist] Olivier Blanchard…

The Trump administration’s crypto entanglements have escalated from controversy to potential institutional crisis. Explosive new reporting from the New York Times alleges that enforcement staff at the CFTC were suspended, subjected to internal investigations, and effectively purged after questioning companies with ties to the Trump family.Meanwhile, the crypto market still feels nervous, with Bitcoin barely holding $63,000 as regulatory uncertainty creates both risk and opportunity across the sector.Bitcoin (BTC)24h7d30d1yAll timeAccording to the Times investigation, when three Trump-connected companies applied to operate prediction market businesses at the CFTC, two employees who raised compliance concerns were suspended and banned from the workplace.…

Bernstein says that while it may be too early to call the eventual winners and losers in the quantum computing field, two stocks already show significant promise: Rigetti Computing and Infleqtion . In a Monday note to clients, Bernstein claimed that future technology profits lie in quantum computing. Rather than replacing traditional hardware, quantum computing will operate as a specialized accelerator, wrote a team of analysts led by Mark Newman. “Quantum computing is set to become the next important step in computing. We believe the future of advanced computing will be shaped by a tri-processor architecture composed of CPUs, GPUs,…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxHSBC has tested B2B agentic commerce transactions in Singapore with Mastercard as banks look for new ways to automate business payments.The pilot was completed on 29 May 2026 and involved a multinational corporate buyer, Singapore-based procurement platform SourceSage and e-commerce supplier FortyTwo.The transaction was built on Mastercard Agent Pay and used tokenised payments, merchant discovery and referral capabilities.The proof of concept shows how digital agents could help businesses manage purchasing and payments with controls, transparency and risk management built into the process.HSBC framed the pilot as part of…

Key PointsSpaceX is seeking $75 billion in funding through its IPO, which could value it at $1.77 trillion.Investors should look beyond hype and examine a company’s fundamentals.Knowing the difference between speculation and investing can help save investors from potential losses.These 10 stocks could mint the next wave of millionaires ›After a quiet few years, initial public offering (IPO) mania is picking up, with three of the most anticipated IPOs in years: SpaceX, Anthropic, and OpenAI. Anthropic and OpenAI’s anticipated IPOs don’t have a date yet, but SpaceX is set to go on June 12.To say there’s a lot of noise…