City Atlanta Financial News

16.04 / 03:07

Law Twitter regulation FTX Court Lawyers FTX victims' lawyers struggle to serve Shaq

The law firm representing victims affected by the FTX collapse have publicly appealed to NBA superstar Shaquille O’Neal to show “courtesy and honor” by actually accepting their legal complaint after several unsuccessful attempts.

12.04 / 18:59

UPS Target Cooper Action Fallout SVB Fed expects banking crisis to cause a recession this year, minutes show

WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released Wednesday. Minutes from the March meeting of the Federal Open Market Committee included a presentation from staff members on potential repercussions from the failure of Silicon Valley Bank and other tumult in the financial sector that began in early March.

01.04 / 02:39

Blockchain Twitter Sport partnership Terra Terra’s branding at MLB opener draws attention from spectators

As baseball enthusiasts flocked to the Washington National Park for the Major League Baseball (MLB) opening day, Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – noticeable presence around the stadium didn’t go unnoticed.

10.03 / 22:03

COST Lowe's Moodys Power Wage growth is cooling — but workers still have bargaining power, economists say

The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said.

01.03 / 23:13

markets SEC Federal Reserve Bitcoin Bitcoin Price Bitcoin price searches for direction ahead of this week’s $710M BTC options expiry

Bitcoin (BTC) bulls laid most of their options at $24,500 and higher for the March 3 options expiry, and given the recent bullishness seen from BTC, who can blame them? On Feb. 21, Bitcoin’s price briefly traded above $25,200, reflecting an 18% gain in eight days. Unfortunately, regulatory pressure on the crypto sector increased, and despite no effective measures being announced, investors are still wary and reactive to remarks from policymakers.

24.02 / 22:11

business Stablecoin Circle Banks reserves FDIC-insured Citizens Trust Bank to hold $65M in USDC reserves

Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area.

24.02 / 16:57

Target Fed's Mester says she has hope that inflation can be brought down without a recession

Cleveland Federal Reserve President Loretta Mester said Friday that interest rates likely need to keep moving higher to get inflation back to acceptable levels.

22.02 / 16:05

Blockchain Art Adoption NFT Tokens Historical Titanic artifacts to be tokenized as NFT with new partnership

Artifacts recovered from the wreckage of the Titanic are set to be tokenized using blockchain technology through a partnership driven by the company that acts as the steward of the sunken vessel.

10.01 / 16:53