Federal Reserve Chairman Jay Powell concluded his term on May 15 but announced he will remain on the Fed board during an ongoing investigation, a rare move that has drawn criticism. Powell's tenure saw high inflation and modest economic growth, and he faced backlash for his political stances. Meanwhile, Kevin Warsh was confirmed by the Senate Banking Committee as the next Fed chair, promising reforms focused on monetary policy, reducing the Fed's balance sheet, and maintaining independence from politics. Warsh aims to shift the Fed away from broad central planning towards stronger money supply control and a stable dollar.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
Gnosis (GNO) surged 13% in 24 hours, closing in on overtaking BONK by market capitalization to reach the 100th largest token spot. GNO's market cap stands at $303.88 million versus BONK's $330.07 million, requiring a price rise to about $125.48 for t...
Broadridge's Tokenization Pulse Survey shows 84% of firms view tokenization as strategically important, with 68% expecting it to reshape markets within 3-5 years. Most firms plan to integrate tokenization into existing infrastructure rather than buil...
Standard Chartered has partnered with Broadcom to modernize its global banking infrastructure by adopting a secure, resilient private cloud using VMware Cloud Foundation. This upgrade supports critical banking services across 54 markets with enhanced...
