Exclusive: Crypto card issuer Rain raises $24.5 million in round led by Norwest Venture Partners
The company will use the money to hire more employees and develop new technology.
AI Model Driving Top-Ranked Fund Flashes a Warning on AI Stocks
(Bloomberg) -- For years now, way before artificial intelligence became the hot new thing on Wall Street, Daniel Mahr has been making money on stocks, courtesy of his machine-learning model. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLibraries Warn They Could Be ‘Cut
Indian Stock Rebound Gathers Steam as Nifty Erases Loss for 2025
(Bloomberg) -- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLibraries Warn They Could
Kraken to buy futures platform NinjaTrader for $1.5B
The tie-up marks the largest deal to date between the traditional finance and crypto sectors.
Bitcoin Open Future Bets on Binance Increase by $600M, Suggest More Price Volatility
An increase in open interest alongside a rise in price is said to confirm the uptrend.
Wall Street braces for Trump’s April 2 tariff deadline—it foresees 18% EU import duties and a 43% chance of a U.S. recession
Analysts expect tariffs on the EU, a key trading partner for the U.S., to settle at around 18% as recession expectations hit more than 40%.
Crypto Daybook Americas: Bitcoin Perks Up, Ether May Rally as Trump Tariff Concerns Ease
Your day-ahead look for March 24, 2025
Fed’s Bowman: Let’s rethink negative comment review for bank applications
Commonwealth Business Bank applied to open a branch in New Jersey last September, but one adverse comment routed the application to the central bank’s board for review and vote, the potential supervision czar said.
Spec Homes Sitting on the Market Pose Potential Economic Drag
(Bloomberg) -- The so-called spec home, a spin on the American dream home with standardized color schemes and toilet fixtures, is falling out of favor with some US builders. While that means deals for buyers, the trend also could wind up as a drag on the economy.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsNew York Subway Ditches M
Private banking is strolling to catch an accelerating crypto train
Institutional money is changing the relationship between crypto and traditional finance, private banking must move fast or miss out. Rani Jabban writes.