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Banks have begun to raise their own rates on deposits from record-low levels, a welcome news for consumers and businesses, but a costly turn of events for the industry. As the Federal Reserve increases benchmark interest rates, depositors are finding higher yield Treasury bills and money market funds after years of limited earnings...

In an effort to create fairer markets and more opportunities for family farmers, the Harris-Biden administration announced in March an $89 million investment for the startup and expansion of independent meat processors. The administration’s Action Plan for a Fairer, More Competitive and More Resilient Meat and Poultry Supply Chain intends to decrease prices of meat in the grocery store while also supporting U.S. farmers...

Crypto investment products experienced their fourth week of outflows in early March, and investors are concerned, according to CoinShares, the European cryptocurrency investment firm. CoinShares’ Digital Asset Fund Flows Report indicated that outflows totaled $17 million...

Uncertainty about China has caused a reduction in U.S. investment in the world’s second-largest economy, and now, the Biden Administration is poised to trigger more of a slowdown. President Biden is set to sign an executive order that would curb investment in China’s tech industry, limiting its strength in the semiconductor market and effect on global supply chains. The action would establish a system for monitoring and blocking investment...

Ambrx Biopharma Inc., a clinical-stage biologics company, announced in early March that it will voluntarily transfer its stock exchange listing to the Nasdaq stock market from the New York Stock Exchange. The company’s American Depositary Shares are due to begin trading as a Nasdaq-listed security on March 17...

Banks are no longer the only transaction game in town. Technological progress and competition from fintech firms have changed the landscape for customers, requiring banks to adapt to an increase in non-traditional players. Embedded finance, decentralized finance (DeFi), and central bank digital currency (CBDC) are trends that will drive the future of transactions, according to Payments Journal...

JPMorgan Chase has prohibited employees from using ChatGPT, the computer program that simulates written or spoken conversation with human beings, CBS News reported in late February. The restriction abides by the bank’s restriction of third-party software usage...

If the Supreme Court strikes down President Biden’s student loan forgiveness plan, millions of Americans will suffer financial hardship, according to a report released by Senator Elizabeth Warren in late February. The report, which was shared exclusively with Insider, was based on information from 20 advocacy groups asked to explain how the absence of debt relief would impact their members...

Iconic tennis champion and entrepreneur Venus Williams has been named Operating Partner of Topspin Consumer Partners, a private equity firm. Williams will work with portfolio companies to broaden marketing strategies, increase brand exposure, and source new investment opportunities. “Venus is not only one of the greatest athletes of all time, but she is also an established entrepreneur, investor, and philanthropist,” Leigh Randall, Managing Partner of Topspin, said in a statement...

OMERS, the defined benefit pension plan for municipal sector employees in Ontario, generated a 2022 investment return of 4.2%, net of expenses, despite one of the worst market environments since 2008. The addition of $4.9 billion of investment income to the Plan brought 2022 net assets to $124.2 billion, according to Yahoo Finance...