PayPal Applies for US Bank Charter as Regulators Open the Door to Fintech
Key takeawaysPowered by lumidawealth.com PayPal filed to form PayPal Bank as a Utah-chartered industrial loan company, with applications submitted to the...
JPMorgan Launches Tokenized Money-Market Fund on Ethereum, Seeding It With $100M
Key takeawaysPowered by lumidawealth.com JPMorgan Asset Management is launching My OnChain Net Yield Fund (MONY), a tokenized money-market fund recorded on...
Ford Writes Off $19.5B on EV Push, Pivots to Hybrids and Extended-Range Trucks
Key takeawaysPowered by lumidawealth.com Ford expects ~$19.5B in charges largely tied to its EV business—one of the biggest EV-related reckonings in...
OpenAI Licenses Disney Characters for Sora With Stock Warrants, Not Cash
Key takeawaysPowered by lumidawealth.com The Disney–OpenAI licensing agreement for Sora is entirely in stock warrants, avoiding an upfront cash licensing payment....
Gold Pauses Near Record High as Traders Await US Jobs Data to Gauge 2026 Rate-Cut Path
Key takeawaysPowered by lumidawealth.com Gold slipped after five straight gains, with prices still within ~$100 of October’s record high following the...
M&A Frenzy Nears $4.5T in 2025 as Regulators Ease—Bankers Warn of an AI-Driven Hangover
Key takeawaysPowered by lumidawealth.com Global M&A value is up ~40% to ~$4.5T in 2025 (second-highest on record), driven by a resurgence...
Wall Street’s AI Trade Hits “Prove-It” Phase as Capex, Debt, and Depreciation Risks Rise
Key takeawaysPowered by lumidawealth.com Cracks are showing in the AI rally as Nvidia sells off and Oracle drops on higher-than-expected AI...
Tether Tries to Buy Juventus for €1.1B—Exor Rejects, Signaling the Club Isn’t for Sale
Key takeawaysPowered by lumidawealth.com Tether made an all-cash offer for Exor’s 65.4% stake in Juventus at €2.66/share, valuing the club at...
China’s Consumer Slump Deepens: Retail Sales Hit Post-Covid Low, Investment Contracts
Key takeawaysPowered by lumidawealth.com Retail sales rose just 1.3% YoY in November, the weakest pace on record outside the pandemic, missing...
Four AI-Era Roles That Could Become Real Businesses
Key takeawaysPowered by lumidawealth.com AI adoption creates new “control layer” jobs around transparency, selection, oversight, and training—not just automation risk. Regulatory...
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