The Republican-controlled Senate on Monday voted in favor of President Donald Trump's nominee for Federal Reserve governor, Stephen Miran, ending some of the uncertainty around this week's Fed meeting that's widely expected to deliver a cut to interest rates. ...

Freelancer platform Fiverr is laying off 250 employees across different departments as part of a restructuring plan that aims to make the company artificial intelligence (AI)-focused “from the ground up.”By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS co ...

The decision comes just hours before the central bank's next meeting begins. ...

The vote is a notable achievement for the White House. In an unusual arrangement, Miran has said he would stay at his White House job on unpaid leave while working at the central bank. ...

Mumbai: Not too long ago, Indian banks were scrambling to shore up deposits to fuel credit growth. Now, they are more willing to advance loans despite the inherent risk of default than competing for depositors. The reason: digital fraud and fund diversion. Bankers say rising cases of dormant accounts being misused as mule accounts are keeping lenders on their toes. Mule accounts act as conduits for sending and receiving funds that do not belong to the account holder. They usually remain dormant but can see ...

During China’s yearslong crackdown on the tech sector, Alibaba Group Holding Ltd.’s internal messaging boards lit up with dreams to “MAGA” – Make Alibaba Great Again. Now, the company is deploying one of its most potent weapons to accomplish that mission: Jack Ma.After vanishing from the public eye at the outset of an antitrust investigation in late 2020, China’s most recognizable entrepreneur is back on Alibaba’s campuses – and he’s more directly involved than he’s been in half a decade, according to peopl ...

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Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for ...

Lisa Cook, governor of the US Federal Reserve, during the Thomas Laubach Research Conference hosted by the US Federal Reserve Board of Governors in Washington, DC, US, on Friday, May 19, 2023.A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank's policy committee votes on whether to lower interest rates.The ruling from the U.S. Court of Appeals for the District of Columbia Circuit means that Cook, a member of the Fed's board ...

One thing I love about the AI data center boom is that it just keeps creating winners in unexpected places. Take Jacob Solutions. It's the engineering construction firm that went through a complicated merger breakup deal last year that was very successful but is now cleaning up thanks in large part to its data center exposure which has become a major growth driver for the company.Don't take it from me though. Let's check in with Bob Pad. He's the chairman and CEO of Jacob Solution more.Mr. . Bard, welcome b ...