MELD: The Banking Stack for the Cardano Ecosystem June 16, 2021 The Crypto AM spotlight shines on MELD - a decentralised borrowing protocol on the Cardano blockchain.
Road to recovery: FTSE 100 closes at highest point since the start of the pandemic June 15, 2021 The FTSE 100 has returned to its highest point since the start of the Covid-19 crash that wiped hundreds of billions of pounds off the index last year. The market ticked back up to 7,172.48 after gaining another 25.8 points on Tuesday, a 0.4 per cent rise. It means that the index is currently at [...]
Wall Street creeps higher as investors await cues on tapering and inflation June 9, 2021 Wall Street’s main indexes edged higher today but a lack of clear catalysts kept trading slow while investors awaited inflation data and an upcoming Fed meeting. The Dow Jones Industrial Average was up 0.1 per cent, while the S&P 500 gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent, [...]
US investigates leaked records alleging billionaires including Musk and Bezos pay little tax June 9, 2021 The Treasury Department has asked authorities to investigate tax records cited in a media report that showed some of America’s richest people paid little to no income taxes. US media outlet ProPublica said it obtained a “vast trove of Internal Revenue Service data” on the tax returns of thousands of the nation’s wealthiest people, covering [...]
Wall Street inches higher on tech stocks boost while FTSE 100 flies June 8, 2021 Wall Street’s main indexes rose tepidly this afternoon as investors held their breath ahead of key US inflation data this week. The Dow Jones Industrial Average was flat, while the S&P 500 per cent gained 0.2 per cent at the open. Meanwhile, the tech-heavy Nasdaq rose 0.4 per cent as Tesla’s shares rose 2.9 per [...]
Millennial savings app Plum moves into pensions June 8, 2021 The popular savings app which has turned to TikTok to lure young investors is now turning its attention to retirement savings. Plum, which launched in 2017, is rivaling the cheap trading apps like Robinhood by moving into the investment space. It anticipated a growing interest among millennials around savings and investments with which has only [...]
Wall Street flat but FTSE ticks up as investors await inflation data June 7, 2021 Wall Street’s main indexes were muted this afternoon as investors stayed on the fence ahead of key inflation data this week, while tech stocks shrugged off a G7 agreement on a new global corporate tax minimum. The Dow Jones Industrial Average and S&P 500 dipped 0.46 and 0.26 per cent respectively by early evening trading. [...]
Exclusive: City of London Police’s asset forfeitures jump by 3,600 per cent as priority shifts to higher-value fraud May 27, 2021 The City of London Police issued Account Freezing Orders and Account Forfeiture Orders against assets worth £36m last year, compared to less than £1m in 2019, a jump of 3,600 per cent, according to research by law firm RPC, exclusively shared with City A.M. this evening. Account Forfeiture and Account Freezing Orders allow authorities to [...]
Fee-earning opportunities from sustainability: Is your firm leaving cash on the table? May 27, 2021 The ever-evolving topic of sustainability can create ways to grow your business and further serve your clients. Sustainability comprises the many elements of environmental, social and governance (ESG) topics, that are evolving over time; vary across company, industry and country; and involve such a huge range of different stakeholders, concepts, frameworks and rules. Parking semantics [...]
An increase in Professional Services M&A May 26, 2021 In recent years, there has been a noticeable increase in M&A and corporate transactions involving professional services firms, for instance law firms, accountancy practices and consultancy businesses. This has been driven by a number of factors, including the growing revenues and earnings in certain sub-sectors of professional services; the increasing appetite of certain private equity [...]