Hong Kong police have arrested eight people on suspicion of running a scam ring that bypassed online security checks to open bank accounts by replacing photos on stolen identity cards with deepfakes incorporating fraudsters’ facial features. Senior Superintendent Philip Lui Che-ho of the force’s financial intelligence and investigation bureau said the raid was part of…
We’re buying 50 shares of Capital One at roughly $155 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 450 shares of COF, increasing its weighting to about 2.4% from 2.15%. A little bit of patience went a long way. Most of Tuesday’s stock market gains were wiped out as investors struggled with where…
Zelle, one of the most widely used digital payment services in the United States, shut down money transferring services available on its stand-alone mobile app on April 1. The service itself is not disappearing, but some Zelle users must transition how they access the tool. Why It Matters Zelle is a key player in the…
CoreWeave was one of the most highly-anticipated initial public offerings of the year. In fact, it was the biggest U.S. tech IPO since 2021. The cloud services provider – which has navigated a challenging path to its IPO – is being viewed as a barometer of future Wall Street dealmaking and the investment banks that…
How much would Capital One’s stock be worth if it completes its blockbuster merger of Discover Financial Services ? The answer, according to one Wall Street firm, is a whole lot more. The news In a Tuesday note, BTIG analysts said they believe shares of Capital One would be worth $427 apiece if the Discover…
Shortly after Thursday’s opening bell, we’re going to be buying 50 more shares of Capital One Financial at roughly $170. Following the trade, Jim Cramer’s Charitable Trust will own 350 shares of COF, increasing its weighting to 1.75% from 1.5%. We’re putting some money to work Thursday into a market that has moved deeper into…
US President Donald Trump speaks in the Roosevelt Room of the White House in Washington, DC, on March 3, 2025. Roberto Schmidt | Afp | Getty Images “Tariffs” may be the most beautiful word in the dictionary for U.S. President Donald Trump, but it is one that stokes fear in investors. Risk-on assets such as…
Both China’s official manufacturing and non-manufacturing PMIs picked up in Feb as activities normalized after the Lunar New Year holiday (28 January – 4 February). The official manufacturing PMI returned to expansion (indicated by a reading above 50) while non-manufacturing PMI rose at a faster pace, UOB Group’s economist Ho Woei Chen notes. February PMIs…
[Ray Bogan] Members of Congress are introducing a resolution to nullify a new regulation for digital consumer payment applications like Venmo and PayPal. The rule was created by the Consumer Financial Protection Bureau (CFPB) during the final weeks of the Biden Administration and requires the payment companies to follow similar rules as banks. Sen. Pete…
Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | Reuters The Consumer Financial Protection Bureau‘s Trump-appointed leadership plans to fire nearly all its 1,700 employees while “winding down” the agency, according to testimony from employees. In a trove of…