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Singapore demands luxury sellers do more after laundering fiasco | Fortune Asia

by admin | Oct 14, 2025 | blog

Singapore is urging the country’s real estate agents, gemstone dealers and luxury car sellers to be more proactive in flagging suspicious customers, part of the country’s move to fight money laundering.  Authorities are requesting such so-called gatekeepers to improve...

‘Bitcoin Jesus’ reaches $50 million deal with DOJ to dismiss tax evasion charges   | Fortune Crypto

by admin | Oct 14, 2025 | blog

Another alleged crypto criminal is set to end a legal battle with the U.S. government. Roger Ver, an early crypto evangelist nicknamed “Bitcoin Jesus,” reached a deferred prosecution agreement with the Department of Justice on Tuesday, according to a court filing. In...

Powell just gave his strongest hint yet that rate cuts are coming, and investors are jubilant: ‘Stage is set for parabolic Q4’ | Fortune

by admin | Oct 14, 2025 | blog

Federal Reserve Chair Jerome Powell is not known for giving decisive hints. Still, on Tuesday he did something rare: he openly acknowledged the rising “downside risks to unemployment” in a clearly dovish signal that the central bank is preparing to ease monetary...

Goldman tells staff it will cut more jobs as AI saves costs | Fortune

by admin | Oct 14, 2025 | blog

Goldman Sachs Group Inc. told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its businesses and takes advantage of the opportunities presented by artificial intelligence. The New York-based firm said it would...

Why the Supreme Court may choose to uphold Trump’s tariffs: ‘It would be incredibly disruptive to unscramble those eggs’ | Fortune

by admin | Oct 14, 2025 | blog

When the Supreme Court hears arguments on November 5 in President Donald Trump’s tariff case, the justices won’t just be weighing a constitutional question—they’ll be deciding the fate of billions of dollars in global commerce.  The case, which challenges Trump’s...

Best Buy’s CEO says growing spending power gap between affluent and poor ‘keeps me up at night’ | Fortune

by admin | Oct 14, 2025 | blog

Unlike luxury consumer goods brands such as Cartier or Louis Vuitton, Best Buy needs to appeal to a very wide swath of society. Consumer spending patterns since the pandemic, especially the growing gap in spending power in the U.S. between the most affluent and the...
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