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FSB: Money Market Vulnerabilities Could Cause ‘Larger Contagion’
FSB: Money Market Vulnerabilities Could Cause ‘Larger Contagion’
February 27, 2024  |  Regulation

The Financial Stability Board said regulations governing money market funds must be stronger. The group’s Thematic Review on Money Market Fund (MMF) Reforms, published Tuesday...

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Treasury Management FinTech Embat Raises $15.96 Million to Expand Globally
Treasury Management FinTech Embat Raises $15.96 Million to Expand Globally
February 27, 2024  |  Investments

Embat, a FinTech company based in Madrid, Spain, has raised 14.7 million euros ($15.96 million) in a Series A round.  The company plans to use...

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Marriott Lets Members Redeem Points for Taylor Swift Concert Tickets
Marriott Lets Members Redeem Points for Taylor Swift Concert Tickets
February 27, 2024  |  Retail

Marriott International’s loyalty program, Marriott Bonvoy, is now enabling members to redeem points to see a concert on Taylor Swift’s The Eras Tour. Eligible members...

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Crypto Exchange Kraken Unveils Institutional Solution
Crypto Exchange Kraken Unveils Institutional Solution
February 27, 2024  |  Cryptocurrency

Cryptocurrency exchange Kraken is introducing a new solution for firms looking to gain exposure to the cryptocurrency. Dubbed Kraken Institutional, the new brand aims to...

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Lowe’s Projects Falling Sales as Consumers Put off Remodeling
Lowe’s Projects Falling Sales as Consumers Put off Remodeling
February 27, 2024  |  Earnings

Consumers are forgoing big-ticket home projects, a fact that is cutting into Lowe’s revenue. The home improvement retailer released earnings Tuesday (Feb. 27) that showed sales for its most...

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Hasbro Cuts Costs, Emphasizes Core Products as Toy Sales Dip
Hasbro Cuts Costs, Emphasizes Core Products as Toy Sales Dip
February 27, 2024  |  Retail

In a bid to navigate through tough times, Hasbro is sharpening its focus on cutting costs to revive its toy and game business. Despite a...

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Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
Nearly Half of Financial Institutions Believe Open Banking Risks Outweigh Rewards
February 27, 2024  |  Security & Fraud

Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing...

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How Solving for Digital ID Acceptance Could Transform Digital Payments
How Solving for Digital ID Acceptance Could Transform Digital Payments
February 27, 2024  |  Digital Identity

In today’s increasingly digital world, it has gotten to the point where the physical wallet’s main purpose is becoming just to carry physical ID cards....

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Durable Goods Orders Dropped 6.1% in January
Durable Goods Orders Dropped 6.1% in January
February 27, 2024  |  Economy

New orders for manufactured durable goods declined by 6.1% in January. Orders dropped by $18 billion to $276.7 billion during the month, the U.S. Census...

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