August 31, 2023
5 Things to Know About the US Consumer as Spending...
We’re spending money as fast as we can make it — and even faster, it seems. The latest government release from the Bureau of Economic Analysis (BEA) on personal income and outlays...
August 29, 2023
Not Knowing How to Measure Data’s Effectiveness Holds Small Business...
Small- to medium-sized businesses are tough. “It’s a resilient sector made up of business segments that are seeing strong growth,” Hicham Oudghiri, co-founder and CEO of Enigma Technologies, told Karen Webster. That’s...
August 28, 2023
Clockwork Winding Down Smart Contract Engine
Clockwork, an open-source automation engine for the Solana blockchain, has called timeout. Founder Nick Garfield said on Twitter Sunday (Aug. 27) that the company was stepping away “from active development of the...
August 27, 2023
Congresswoman Raises Concerns About ICE’s Acquisition of Black Knight
Congresswoman Maxine Waters (D-CA) raised concerns about Intercontinental Exchange’s (ICE) proposed acquisition of Black Knight in a letter to the Federal Trade Commission (FTC). Waters, a Ranking Member of the...
August 25, 2023
Paycheck-to-Paycheck Pressures Remain as Fed Signals Higher Rates, Consumer Sentiment...
Higher rates. A bit more muted consumer sentiment. The paycheck-to-paycheck pressures continue. On Friday (Aug. 25), the final reading of the University of Michigan’s survey on consumer sentiment for August was released,...
August 25, 2023
Most US Consumers Don’t Know How to Improve Their Credit...
In today’s U.S. financial landscape, having a good three-digit credit score can be a critical factor in determining not only whether you are approved or denied for a mortgage, auto...
August 24, 2023
Silicon Valley Bank and the Changing Structure of Banking
Starting in March 2023, the U.S. banking sector experienced the failure of several major banks, and the entire industry was threatened with a crisis. Rising interest rates over the previous...
August 24, 2023
Prudential Supervisors Should Embrace Better Technology to Help Prevent Bank...
Much has been made of the 2023 failures of Silicon Valley Bank, Signature Bank, and First Republic Bank. There is a clear consensus that management of those regional banks was...
August 24, 2023
Silicon Valley Bank Inter Alia
Interest rate risk, reliance on an undiversified group of uninsured depositors, social media and mobile banking all played important roles in the failures of SVB and other regional banks during...
