Kate Rooney’s Posts

Facebook’s cryptocurrency plans looked shaky this week after a handful of high-profile members bowed out of the project. But while libra slowly gets off the ground, China is looking to launch an alternative.

WeWork has put off an IPO, while AirBnb and Palantir have yet to announce plans. In the meantime, employees have much of their net worth tied up in the value of these companies.

In backing off on tariffs Tuesday, President Donald Trump showed just how much pain the U.S. could tolerate, key voices on Wall Street say — and China may use that to its advantage.

Farmers are losing their fourth-largest customer as China officially stops buying U.S. agricultural products.

Treasury Secretary Steven Mnuchin has concerns about Facebook’s proposed cryptocurrency and its potential illicit use.

Synchrony Financial and Amazon are partnering on a credit card for Prime members who might not have good enough credit to get one otherwise.

Venmo has changed the way individuals move money. The peer-to-peer payment app, owned by PayPal, is known for its emoji-filled newsfeed where users can see who their friends are paying, and for what. It ranges from roommates reimbursing utilities and rent checks to friends paying each other back for lunch or last night’s bar tab.

Apple is working with Goldman Sachs and Mastercard to launch a credit card that could pose a threat to fintech companies and regional banks.

Executives at FedEx, BMW and UBS are describing bleak macroeconomic conditions around the world.

Fidelity Digital Assets, a new company created by the investing giant last year, is already working with wealthy families and hedge funds on cryptocurrency trading and custody.