Author: Admin

“Our homes are 20 miles apart, and he still drives back and forth almost daily.”

The percentage of credit card balances that were at least 90 days delinquent rose to 13.12% in the first quarter of this year, according to data released in May by the Federal Reserve Bank of New York. As the Wall Street Journal reported: “That’s the highest level in 15 years, and the most since the period following the 2008 financial crisis.” The report went on to highlight cases of individuals drowning in too much credit card debt.There’s no argument that this is a concern. Delinquent credit card balances are rising. And some people are struggling. But are Visa and Mastercard…

It was an extremely painful week for the spot Bitcoin ETFs, as the outflows skyrocketed to new anti-record. The spot exchange-traded funds tracking the world’s largest cryptocurrency are typically a solid sign of how the underlying asset’s price performs, unlike some of the altcoins. As such, it’s perhaps no surprise that, in the past week, in which BTC plummeted to a 19-month low, they experienced massive net outflows. The worst on record. Bitcoin ETFs Bled Out Heavily Data from SoSoValue paints a clear and painful picture. The Bitcoin ETFs have been deep in the red for four consecutive weeks,…

Key PointsSince the artificial intelligence (AI) arms race kicked off in 2023, Nvidia’s (NASDAQ: NVDA) stock has risen nearly 1,400%. That’s a huge run that has made it the world’s largest company, leaving many investors worried that they missed out on one of the biggest winners of their lifetimes.However, I don’t think that’s the case. While Nvidia isn’t going to deliver another 1,000% run anytime soon (it likely won’t at all), I’m still confident that it can deliver strong, market-crushing returns.Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an…

Election officials sort through ballots at a counting station for the local elections in Seoul on June 3, 2026. (Photo by Pedro Pardo / AFP via Getty Images)Pedro Pardo | Afp | Getty ImagesSouth Korean President Lee Jae Myung has chosen Han Seongsook, the country’s minister for small and midsize businesses and startups, to be prime minister, the presidential office said on Sunday.If approved by parliament, Han would become South Korea’s first female prime minister in 20 years.Han, who previously served as chief executive of South Korean internet giant Naver, is expected to lead the country’s AI transformation, South Korea’s…

On June 2, 2026, Nvidia Co. CEO Jenson Huang appeared on stage at Computex 2026 in Taiwan with Marvell Technology Inc. CEO Matt Murphy and stated that it would be the “next trillion-dollar company.” This sparked a feeding frenzy as investors pounced, sending shares surging 32.52% that day, adding over $70 billion to the company’s market capitalization. This begs the question, why make such a powerful endorsement?Here’s Why ’s CEO Thinks Marvell Can Be a Trillion-Dollar CompanyBy framing Marvell as essential to the AI infrastructure buildout. Huang noted that bottlenecks have been shifting from memory data and raw compute to…

November 2025 (Revised June 2026) Settlement Speed and Financial Stability Agostino Capponi and Jin-Wook Chang Abstract: This paper investigates how settlement speed affects financial stability in payment networks, accounting for netting benefits, liquidity costs, and counterparty risks. Faster settlement reduces crisis likelihood but amplifies crisis severity. The net welfare effect depends on network topology and proximity to default threshold points—settlement times at which the number of defaulting agents changes discontinuously. The optimal settlement speed is not universal: it depends on payment network structure and liquidity conditions. Deteriorating liquidity shifts the optimum toward slower settlement, even when faster settlement reduces…

On the floor of Portmeirion’s factory in Staffordshire, staff are hard at work as clays are moulded, glazed and fired – an intricate process requiring precision and specialist skills honed over years of practice – to manufacture the company’s array of tableware.Portmeirion, a homeware brand founded in 1960 that employs 433 people, is based in Stoke-on-Trent, at the heart of British ceramics. The centuries-old craft is so integral to the area’s identity that the six federated towns that make up the Staffordshire city are known as the Potteries.“All my family were in the industry,” says Sam Pearce, the company’s chief…

New Chairman of the Federal Reserve Kevin Warsh arrives during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. Aaron Schwartz | Afp | Getty ImagesAnother big jobs report in May has pretty much swept aside the possibility of interest rate cuts anytime soon — and in the process underscored the tricky policy path ahead for new Federal Reserve Chair Kevin Warsh.The chance of rate reductions already had been on life support heading into Friday’s nonfarm payrolls report. But the unexpectedly strong gain of 172,000, compounded by sharp upward revisions…

Key takeaways:Ether derivatives metrics flip to a heavily bearish bias as cascading liquidations cut off a relief bounce. A critical ZCash bug discovered by AI triggers widespread fears of contagion, driving a contraction in Ethereum TVL.Ether (ETH) plummeted to a 13-month low of $1,540 on Friday, following the bearish trend across the broader cryptocurrency market. Traders now fear a deeper price correction, given weakness in ETH derivatives metrics and heightened risk after a bug was found in the Zcash blockchain.ETH perpetual futures annualized funding rate. Source: LaevitasThe Ether futures annualized funding rate flipped negative on Friday, indicating increased demand for short…