According to an article in Fortune magazine, Tether is on track to make a net profit of more than $10 billion by the end of this year, "spurring" a number of banks around the world to join the stablecoin market and take a share, including: 1. Societe General-Forge, a subsidiary of Societe Generale, launched a euro-backed stablecoin. 2. Oddo BHF SCA is also developing a stablecoin denominated in euros. 3. London Revolut is considering issuing its own stablecoin. 4. Deutsche Bank's DWS plans to la...
JPMorgan now sees a 35 per cent chance of the US economy slipping into recession by the end of the year, up from 25 per cent at the start of last month. JPMorgan economists led by Bruce Kasman wrote in a note to clients on Wednesday that the US news "suggests weaker labour demand than expected, with tentative signs of job cuts". The team maintained the chance of a recession by the second half of 2025 at 45 per cent. "We have moderately raised the...
1. Changchun: Before the end of the year, the maximum amount of a single loan for the provident fund in the main urban area and development zone will be raised to 1 million yuan. 2. Lanzhou Provident Fund: Implement the minimum down payment ratio and increase the actual loan amount. 3. Hubei Huangshi: Sell old houses "small for big" "old for new", and apply for provident fund loans to be recognized as the first suite. 4. Hubei Jingmen Duodao District: Buy new commercial housing before the end of...
Tesla CEO Elon Musk said on an earnings call that he will apply for regulatory approval in Europe and China to implement the supervised FSD, which is expected to be approved by the end of this year.