Business

Why PayPal, M1, Square and more want to be more than just JPMorgan or Charles Schwab

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Why M1 Finance’s decision to buy an 11-person bank signals a much bigger trend, and raises a question—will financial “superapps” work? Read More

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New U.S. COVID cases are down 22%. See how your state is doing

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Cases are dropping in all but 10 states, and more 189.5 million people—57.1% of all Americans—are now fully vaccinated. Read More
Business

The U.S. now has a debt level that rivals Italy’s

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For the past decade, international economists and ratings agencies have been blaming Italy’s gigantic debt load for making the nation the most worrisome basket case among Europe’s major economies. That burden is so heavy that Italy can only lure investors to buy its bonds by paying rates 2.5% higher than those of fiscally prudent Germany. […]
Business

Professional Bank joins lenders refusing to do business with the Trump Organization

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Professional Holding Corp. said it would no longer provide banking services to U.S. President Donald Trump’s company, as it joins lenders distancing themselves from him after last week’s assault on the U.S. Capitol. “Professional Bank has decided not to engage in any further business with the Trump Organization and its affiliates, and will be winding […]