As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...
Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) […]
The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.
As the Federal Reserve opted against cutting interest rates and kept them consistent at 5.25 percent to 5.5 percent, Americans' saving accounts are growing at unprecedented levels.The Fed has levied one of the highest interest rates in more than a decade as inflation remains stubborn. But one side effect of the rates is that Americans' bank account money is soaring in savings interest.: Compare the Best High-Yield Savings Accounts to Grow Your SavingsSavers last year made $315.4 billion in...
(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t expect the president
By CARLOS MUREITHI Associated Press NAIROBI, Kenya (AP) — African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa. Africa requires an estimated $277 billion annually to implement its climate goals.
By CARLOS MUREITHI Associated Press NAIROBI, Kenya (AP) — When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. Climate tech was new in Africa, the continent was a fledgling destination
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa
More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa
Nicolai Tangen, chief executive officer of Norges Bank Investment Management, during a news conference in Oslo, Norway, on Tuesday, Jan. 30, 2024. Bloomberg | Bloomberg | Getty Images The chief
Recruit Class 196 graduated 58 members on Friday as the department is seeing an increase in hiring and expanded training academy classes to offset a sworn officer shortage.