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Taboola Turnkey Commerce to Power New AP Buyline Offering From The Associated Press
Taboola to Present in Upcoming Investor Conferences
Taboola Announces New, Exclusive Deal With Postmedia to Increase User Engagement and Monetization Opportunities Across 15 Canadian Digital Properties Including National Post and Financial Post
Google's foray into banking business is blocked, abandoning bank account plans to users
The media reported on Friday that Google is abandoning plans to directly provide bank account services to users. Google has been looking to enter the personal banking business for the past few years. Google said in 2020 that it would partner with Citigroup and the Stanford Federal Credit Union to allow users to open bank accounts through its Google Pay app starting in 2021. At the time, Google said it would provide a service called “Plex” to provide users with savings accounts without monthly fees, overdraft fees, or minimum balance requirements. The report said that Google missed many of the project's deadlines, in addition to overseeing the project's Go
The scale of use of the Federal Reserve's reverse repurchase tool surged to a record high of $1.087 trillion
With an excess of US dollars, the scale of use of the Federal Reserve's reverse repurchase instrument has once again soared to over 1 trillion US dollars. On Thursday, 74 institutions deposited $1.087 trillion in the Federal Reserve's overnight reverse repurchase operation, a record high. According to data from the New York Federal Reserve, the previous record high was 1.04 trillion US dollars set on July 30. This result was not very surprising, but it did bring into focus once again the situation where the downward pressure on short-term interest rates intensified due to imbalances in short-term capital markets. Market watchers are betting that as the US Treasury reduces the supply of treasury bills and cuts cash reserves to avoid breaking through the debt ceiling,
Former US Treasury Secretary Summers warns that the market may have underestimated the risk of inflation
Former US Treasury Secretary Summers said that technical factors may have played a role in the recent surge in the bond market, and warned that the market may have underestimated the risk of inflation. US Treasury yields fell sharply last week, as investors believed that global economic growth may have peaked and that the rise in inflation may be temporary. Former US Treasury Secretary Summers said in an interview that recent trends may be driven by “various technical factors”, including “declining US treasury bond accounts and closing speculative positions.” On the sidelines of the G20 finance ministers and central bank governors meeting in Venice, Summers said that the market is not very good at predicting future price increases
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