June 9, 2025

Trade

Banking

The Convergence of Fintech and Banking: The Gap Between UX and Functionality Is Closing: By Alex Kreger

In the past decade, the financial landscape witnessed a dramatic transformation driven by two distinct forces: fintech startups and traditional banks. Initially, fintechs emerged as UX-rich but often monofunctional challengers, while banks remained service-rich but struggled with digital customer experience. Today, however, these lines are blurring — fintechs are expanding into full-scale banks, and traditional

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Investment

Trump doubles steel tariffs to 50%, slams ‘shoddy’ Chinese products while celebrating Nippon’s $14B investment in America

President Trump announced Friday that he would double tariffs on imported steel to 50% following a pair of court rulings that left many of his signature duties in limbo. “At 25%, they can sort of get over that fence. At 50%, they can no longer get over the fence,” Trump told US Steel employees at

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Funds

Federal worker alleges financial improprieties at major union chapter

A union representing 150,000 federal workers faces allegations of financial improprieties at one of its chapters. In an era of mass federal layoffs, here’s why it matters. The labor union that represents more than 450 train engineers for New Jersey Transit walked off the job after contract talks stalled. The labor union that represents more

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Investment

Macron announces €20B of fresh foreign investment amid economic turmoil – POLITICO

Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure

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Finance

Is Germany’s powerful finance minister in over his head? – POLITICO

“When somebody concentrates all power into their hands, then of course that person will be held responsible for their mistakes,” said one SPD politician, speaking on condition of anonymity to discuss internal party matters. In the past, Klingbeil could always blame the party’s failures on others — including Olaf Scholz’s unpopularity — said the parliamentarian.

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Finance

Business Insider Email Newsletters: Subscribe Now

There’s a new app that helps you copy stock trades from your favorite financial influencers and other investors. Dub, launched last year, lets users track trades from finance influencers and notable investors through a subscription-based model. In April, Dub raised $30 million in Series A funding from investors including Notable Capital to scale the platform

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Crypto

Three ways tariffs could upend the crypto market in 2025

Dominic Basulto  |  The Motley Fool Trump’s cryptocurrency sees 70% value jump after VIP dinner offer The value of Trump’s meme coin has seen a huge value increase as he prepares to host two special events for its top investors. Crypto trading platform Coinbase revealed that ‘$Trump’ soared after he announced that 220 of its biggest

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Investors

Tariffs will take a bite out of Apple. Should investors buy or sell?

Prosper Junior Bakiny  |  The Motley Fool Apple to source more iPhones from India to beat Trump’s tariffs: Report Apple is reportedly looking to source more iPhones from India as a way to bypass President Donald Trump’s new tariffs. Straight Arrow News President Trump‘s economic policies are causing significant volatility in the stock market. On

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Finance

U.S. Trade Rep. testifies on tariffs: Key takeaways from hearing

China vows to ‘fight to the end’ on President Trump’s tariffs President Donald Trump threatened China with more tariffs after they put a 34% tariff on U.S. imports. Video shows key takeaways, tense moments from April 8 Senate Finance Committee hearing on tariffs Trump has announced reciprocal levies on trading partners U.S. Trade Rep. Jamieson

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Investment

The upside of the trade deficit: More foreign investment in the U.S.

We got an early look at the balance of trade Thursday morning. Imports in February were more or less flat after surging in January, according to the U.S. Census Bureau. Meanwhile, exports picked up.  All in all, the trade deficit shrank a little from the previous month. But that gap between imports and exports is just about the

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