Author: Admin

(RTTNews) – On Wednesday, StoneX Group Inc. (SNEX), a global financial services network, announced that it has entered into a definitive agreement to acquire Banco Travelex S.A., for undisclosed terms. The transaction will significantly expand StoneX’s global payments capabilities in Brazil, enabling clients to hold local and foreign currency accounts and strengthening its wholesale banknote trading services. Upon completion, StoneX will expand its Brazil banking services, including non-resident accounts, PIX, digital banking and enhanced settlement, complementing its existing FX and international payments businesses across 180+ countries and 140 currencies. Banco Travelex, established in 2010, operates a regulated FX and international…

A view of the Cernavoda Nuclear Power Plant as low flow rate of the Danube River has raised the risk of a shutdown of both operating reactors in Cernavoda, Constanta, Romania, on August 4, 2026. The Cernavoda Nuclear Power Plant, Romania’s only nuclear power facility, produces about 20% of the country’s electricity.Anadolu | Anadolu | Getty ImagesA hot and exceptionally dry summer has disrupted Europe’s nuclear power plants, prompting governments to take extraordinary measures to keep energy supplies running. In Romania, the state-owned nuclear power producer Nuclearelectrica warned it may shut down its last working reactor as soon as Thursday…

Edelman Financial Engines, the registered investment advisor and 401(k) managed account provider, has hired a retirement plan advisor lead with recruiting and M&A experience, most recently at OneDigital, as well as experience in financial wellness and planning for retirement plan participants.Christian Mango will join Edelman as senior vice president and retirement advisory practice lead at the Santa Clara, Calif.-based RIA, the firm announced Tuesday. In the newly created role, Mango will work to strengthen the ties between Edelman’s workplace retirement benefits business and financial planning, participant engagement and personalized wealth advice.“This is really about leading the growth of the retirement…

DETROIT — General Motors has reached a unique, multibillion-dollar parts deal as it aims to preserve cash and prevent supply chain disruptions like ones that have hit the global automotive industry this decade.In a public filing Tuesday, GM said the up to $4.5 billion purchasing facility includes a company called Procura Auto Parts that specializes in sourcing rare or critical parts. It will receive funding through a bank syndicate led by JPMorgan Chase and Banco Santander to prepay select suppliers on behalf of GM.In return, GM will issue formal promises, or IPUs, to pay back the company after it uses…

Phia, the shopping startup co-founded by Phoebe Gates and Sophia Kianni, is once again under fire for its alleged business practices. The latest issue stems from earlier this year when Bloomberg published an investigation that mapped out how Phia was taking credit and commission for affiliate purchases it did not help to generate, known as cookie stuffing.  It’s a controversial practice that can get startups sued, mainly because it’s seen as taking referral revenue away from other affiliate marketers. Usually, when affiliate platforms like Phia sign on to work in a marketplace, they sign a contract stating that cookie stuffing…

Strategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after shifting business priorities prompted it to sell portions of its holdings in moves that drew scrutiny from the market.In a Monday interview with FOX Business, Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer.That’s “about 25 times more” buying than selling, Le said. He added that Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest.“We’ll get back to buying more Bitcoin throughout…

Key takeaways:BitMine’s aggressive ETH accumulation has reinforced the $1,500 support despite $8B unrealized losses.Glamsterdam upgrade and Robinhood Chain launch signal stronger TradFi focus for Ethereum’s base layer.Ether (ETH) price rallied 15% in five days, distancing itself from the $1,500 low hit on June 26. Part of the improvement in investor sentiment can be pinned to the final tests on Ethereum’s Glamsterdam upgrade, targeted for later in 2026. Moreover, BitMine Immersion Technologies’ continued Ether accumulation helped strengthen the support level. Will $2,000 come next?Total crypto capitalization/USD (left) vs. ETH/USD (right). Source: TradingViewEther outperformed the total crypto market capitalization by 7% over…

Itaú, Latin America’s largest private sector bank, has partnered with digital asset infrastructure provider OpenAssets to participate in an industry-led pilot testing the tokenization of fixed-income securities and investment funds in Brazil.The initiative is led by the Brazilian Financial and Capital Markets Association (ANBIMA), which is testing the issuance, trading and settlement of capital markets instruments using distributed ledger technology (DLT).According to Tuesday’s announcement, the companies will develop technical proofs of concept and assess the operational, compliance and technology requirements for tokenized assets, with debentures and investment funds among the use cases being explored.OpenAssets will provide its tokenization infrastructure, while…

A wave of high profile crypto hacks in April that many suspected had been orchestrated using sophisticated AI tools to identify smart contract exploits, led to fears that every DeFi protocol was suddenly at risk.In May, Manuel Aráoz, founder of the blockchain security platform OpenZeppelin, declared “all of DeFi unsafe” following $630 million in crypto losses from exploits in April.But even as the industry braced for the scenario of DeFi protocols falling like dominoes to agentic AI, the stream of attacks seemed to ebb. That led Dragonfly managing partner Haseeb Qureshi to declare recently that fears of a DeFi “hackpocalypse”…

It might feel like a high-wire act at times, but it’s absolutely possible to buy a new home before you’ve sold your old one. Vickey Barron, a veteran real estate broker at Compass in New York, has a client who’s moving to Los Angeles. The client thought it’d take a year to find a home, but she fell in love with a place right away.“And she’s like, now what? I haven’t even listed my other home yet. What am I doing?” Barron says. “My accountant is telling me I’m out of my mind.”The number-one concern that clients have is that…