Nvidia's market projection indicates years of massive growth ahead. Artificial intelligence (AI) investing is still the best place to be if you're looking to maximize returns on your investment. While the jury is still out on whether generative AI will provide adequate returns on the massive amount of money being invested in the technology, there are several companies benefiting from the massive a...
Nvidia's market projection indicates years of massive growth ahead. Artificial intelligence (AI) investing is still the best place to be if you're looking to maximize returns on your investment. While the jury is still out on whether generative AI will provide adequate returns on the massive amount of money being invested in the technology, there are several companies benefiting from the massive artificial intelligence spending spree right now. The most popular example is Nvidia (NVDA 0.72%), and I still think it's the best AI investment available on the market. The company is pursuing an estimated $3 trillion market opportunity by 2030, and with its dominance, the stock likely is just getting started. Nvidia is at the heart of AI Nvidia makes graphics processing units (GPUs), the most popular computing units to deploy with AI workloads. Nvidia continuously innovates and is launching a new chip architecture that provides huge improvements over last year's model. Compared to Blackwell GPUs, next-gen Rubin GPUs require a fourth of the number to train an AI model, and a tenth of the number to provide inference. That's a huge advantage and will drive many to upgrade to the latest and greatest model from Nvidia. Nvidia is on a one-year product development cycle, so investors will also learn about its next-generation architecture sometime later this year. With each improved GPU launch will come greater capabilities and a bigger price tag. But if a client has to pay only double the cost to receive four to 10 times the performance, that's a win for everyone involved. Expand NASDAQ : NVDA Nvidia Today's Change ( -0.72 %) $ -1.39 Current Price $ 191.12 Key Data Points Market Cap $4.6T Day's Range $ 189.47 - $ 194.49 52wk Range $ 86.62 - $ 212.19 Volume 121K Avg Vol 182M Gross Margin 70.05 % Dividend Yield 0.02 % While a ton of GPUs have been deployed already, this is just scratching the surface of what's necessary to run an AI-first business and consumer world. This will requ...
Treasuries edged higher across most maturities, fueled by demand for havens after a plunge in precious metals spilled over into other markets. Yields on US 10-year debt fell one basis point to 4.23% as Nasdaq futures pointed to a 0.6% fall in the tech-heavy index on Monday. That came as investors sold all kinds of risky assets following an extended slide in gold and silver. US bonds also got a lif...
Treasuries edged higher across most maturities, fueled by demand for havens after a plunge in precious metals spilled over into other markets. Yields on US 10-year debt fell one basis point to 4.23% as Nasdaq futures pointed to a 0.6% fall in the tech-heavy index on Monday. That came as investors sold all kinds of risky assets following an extended slide in gold and silver. US bonds also got a lift from money market bets on the potential for the Federal Reserve to lower interest rates three times this year, following President Donald Trump ’s selection of Kevin Warsh last week to be Fed chair. Analysts are combing over the former central banker’s speeches to glean clues on the outlook for monetary policy. “Warsh has been on the hawkish side, and a critic of the Fed’s expanded balance sheet,” said Mohit Kumar , chief economist and strategist for Jefferies International, who analyzed the chair-elect’s key speeches stretching back to 2011. “But it is equally difficult to square the fact that Warsh could have sold his hawkish credentials to Trump and still got the Fed chair job.” If confirmed by the Senate, Warsh will face a challenging start to the role, with inflation still above the central bank’s 2% target. Investors are looking at the risk that quicker or deeper rate cuts could lead to a hotter US economy. BlackRock Inc., Bridgewater Associates and Pacific Investment Management Co. were shoring up their portfolios against a fresh bout of inflation prior to the announcement. Markets are also weighing changes that Warsh, a former Fed governor, might make to the balance sheet. He has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon via so-called quantitative easing, prompting speculation in markets that he could move quickly to draw them down. “There are two types of Kevin Warsh and we don’t know which we’re getting,” Guy Stear , head of developed market strategy at Amundi SA, said in an interview with Bloomberg TV ...
The British investor Michael Flacks is reportedly “very” interested in buying British Steel and combining it with another plant in Italy, in a deal that would create one of Europe’s largest metals groups. The businessman’s Miami-based investment group, Flacks Group, specialises in buying distressed companies and is working with bankers to prepare a bid for government-controlled Scunthorpe steelwor...
The British investor Michael Flacks is reportedly “very” interested in buying British Steel and combining it with another plant in Italy, in a deal that would create one of Europe’s largest metals groups. The businessman’s Miami-based investment group, Flacks Group, specialises in buying distressed companies and is working with bankers to prepare a bid for government-controlled Scunthorpe steelworks, the Financial Times reported. “Somebody has to take control of British Steel. It’s a plant of national importance,” he told the FT. “I see an amazing opportunity where most people have overlooked this sector. I’m a big, bullish believer.” Flacks’s approach would mark the latest attempt to transform the loss-making manufacturer, which employs 3,500 people at its plant in Scunthorpe, into a viable business. The private equity group Greybull Capital bought British Steel in 2016 but it collapsed into insolvency three years later. China’s Jingye Steel then bought it in early 2020, but the government stepped in last year with emergency legislation to take over management of the steelworks amid fears that its owner was planning to walk away. British Steel and other producers have been hit by a global glut of steel from China that has driven down prices. Over the past three decades the country has transformed from a minor player to the world’s largest producer, making more than half of global output in 2024. Officials have tried to increase British Steel’s output in order to raise profitability, after Jingye claimed the Scunthorpe operation was losing £700,000 a day when it announced plans to close the site in March. Flacks Group is already in talks to buy the former Ilva steelworks in southern Italy, and said late last year it was lining up €5bn (€4.3bn) of financing to turn it around. Flacks reportedly plans to roll the two producers together to take advantage of a growing preference from European companies and governments for local suppliers. “My vision is we’re going to do ...
Strategy Asset Managers LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 48.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,267 shares of the company's stock after selling 16,868 shares during the quarter. Strategy Asset Managers LLC's holdings in Palantir Technologie...
Strategy Asset Managers LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 48.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,267 shares of the company's stock after selling 16,868 shares during the quarter. Strategy Asset Managers LLC's holdings in Palantir Technologies were worth $3,332,000 at the end of the most recent reporting period. Several other large investors also recently added to or reduced their stakes in PLTR. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies in the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies during the second quarter worth $27,000. Frazier Financial Advisors LLC acquired a new position in Palantir Technologies during the 2nd quarter valued at $28,000. Delos Wealth Advisors LLC bought a new stake in Palantir Technologies in the 2nd quarter valued at $29,000. Finally, Zeit Capital LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth $30,000. 45.65% of the stock is owned by institutional investors. Get Palantir Technologies alerts: Sign Up Palantir Technologies Stock Down 3.5% PLTR stock opened at $146.59 on Monday. The company has a market cap of $349.39 billion, a P/E ratio of 349.03, a price-to-earnings-growth ratio of 3.69 and a beta of 1.64. The business's fifty day moving average is $176.13 and its 200-day moving average is $173.74. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18...
Futures fell before Monday's open with the major indexes testing key levels amid a risk-off shift. Disney, Palantir, Oracle and Tesla are early movers.
Futures fell before Monday's open with the major indexes testing key levels amid a risk-off shift. Disney, Palantir, Oracle and Tesla are early movers.
Yext ( YEXT ) shares fell over 13% premarket after announcing that CEO Michael Walrath has withdrawn his $9.00 per share acquisition proposal after failing to secure necessary financing. Walrath further assured the board of directors that he remains committed to leading Yext as its chief executive officer and remains “bullish” on its future. As previously announced in August 2025, Yext’s board of ...
Yext ( YEXT ) shares fell over 13% premarket after announcing that CEO Michael Walrath has withdrawn his $9.00 per share acquisition proposal after failing to secure necessary financing. Walrath further assured the board of directors that he remains committed to leading Yext as its chief executive officer and remains “bullish” on its future. As previously announced in August 2025, Yext’s board of directors formed a special committee of independent directors to evaluate Walrath’s proposal, as well as any other strategic alternatives that may be available. In consultation with its financial and legal advisors, the committee conducted a comprehensive review of a broad range of potential options to return capital to Yext’s stockholders and made recommendations to the board of directors. After extensive evaluation, the committee approved a “Dutch auction” self-tender of $150M of its common stock. The self-tender is expected to commence in February 2026. Yext may draw on debt financing to fund the anticipated tender offer. More on Yext Yext: Testing Investors' Patience As Churn Persists (Downgrade) Seeking Alpha’s Quant Rating on Yext Historical earnings data for Yext Financial information for Yext
Alphabet (NASDAQ:GOOGL) has had such an incredible run in 2025, and despite the increased choppiness in the Magnificent Seven in January, shares of Alphabet have held steady. With Nvidia (NASDAQ:NVDA) shares experiencing a slowing of pace, perhaps Alphabet has what it takes to rise to the very top of the market cap leaderboards, something I ... Can Google Gemini Keep Up the Pace in 2026?
Alphabet (NASDAQ:GOOGL) has had such an incredible run in 2025, and despite the increased choppiness in the Magnificent Seven in January, shares of Alphabet have held steady. With Nvidia (NASDAQ:NVDA) shares experiencing a slowing of pace, perhaps Alphabet has what it takes to rise to the very top of the market cap leaderboards, something I ... Can Google Gemini Keep Up the Pace in 2026?
zhengzaishuru/iStock via Getty Images Imperial Oil ( IMO ) reported its fourth-quarter and full-year results on Friday. In contrast to Exxon Mobil ( XOM ) and Chevron ( CVX ), whose stocks appreciated after their earnings release on the same day, the stock of Imperial Oil shed 4.2% after the earnings release. The big question is whether the decline of the stock price is justified or the stock has ...
zhengzaishuru/iStock via Getty Images Imperial Oil ( IMO ) reported its fourth-quarter and full-year results on Friday. In contrast to Exxon Mobil ( XOM ) and Chevron ( CVX ), whose stocks appreciated after their earnings release on the same day, the stock of Imperial Oil shed 4.2% after the earnings release. The big question is whether the decline of the stock price is justified or the stock has become a bargain. The earnings report In contrast to the U.S. oil giants, Imperial Oil reported a decrease in its production in the fourth quarter. This was one of the two primary reasons behind the divergence of the stock from its U.S. peers on the day of their earnings release. The output of Imperial Oil decreased 8% over the prior year's quarter, in sharp contrast to the consistent production growth in the preceding several quarters. Given also a material decrease in the average realized price of oil, the adjusted earnings per share of the company decreased 17%, from C$2.37 to C$1.97. The cause of the reduced output was extremely adverse weather at Kearl at the beginning of the fourth quarter, which caused operational issues. However, weather conditions normalized later in the quarter, and thus the company resolved its operational problems. As a result, it boosted its output at Kearl to 298,000 barrels per day in December, thus achieving its second-best monthly production rate in its history. As the operational issue at Kearl was related to abnormal weather, it is a non-recurring issue. In addition, thanks to the strong business performance of Imperial Oil in the previous quarters of 2025, the decrease in the annual earnings was much less pronounced than the decrease in the quarterly earnings. To be sure, the company posted just a 5.5% decrease in its adjusted earnings per share in 2025 vs. 2024. Overall, as the technical issue at the main production site of the company has been resolved and output has recovered to a nearly all-time high level, investors should not worry...
RHJ President Trump is set to launch a strategic critical minerals stockpile with $12B in seed money, Bloomberg reported Monday, as the U.S. seeks to reduce its reliance on Chinese rare earths and other metals. Among pre-market gainers in the sector: TMC the metals company ( TMC ) +7.1%, Critical Metals ( CRML ) +6.9%, NioCorp Developments ( NB ) +6.9%, USA Rare Earth ( USAR ) +6.3%, Sigma Lithium...
RHJ President Trump is set to launch a strategic critical minerals stockpile with $12B in seed money, Bloomberg reported Monday, as the U.S. seeks to reduce its reliance on Chinese rare earths and other metals. Among pre-market gainers in the sector: TMC the metals company ( TMC ) +7.1%, Critical Metals ( CRML ) +6.9%, NioCorp Developments ( NB ) +6.9%, USA Rare Earth ( USAR ) +6.3%, Sigma Lithium ( SGML ) +5.8%, Lithium Americas ( LAC ) +5.1%, United States Antimony ( UAMY ) +4.6%, Trilogy Metals ( TMQ ) +4.2%, MP Materials ( MP ) +4.1%, Westwater Resources ( WWR ) +3.7%, Ramaco Resources ( METC ) +2.5%, Energy Fuels ( UUUU ) +2%. The venture, to be named Project Vault, reportedly will combine $1.67B in private funding with a $10B loan from the U.S. Export-Import Bank to acquire and stockpile the minerals for automakers, technology companies and other manufacturers. The effort would be similar to the U.S. emergency oil stockpile, but instead of crude, the initiative's focus would be minerals - such as gallium and cobalt - used in products such as iPhones, batteries and jet engines. The project has attracted participation from more than a dozen companies, including General Motors ( GM ), Stellantis ( STLA ), Boeing ( BA ), Corning ( GLW ), GE Vernova ( GEV ) and Alphabet's Google ( GOOGL ), and trading firms Hartree Partners, Traxys North America and Mercuria Energy Group have signed on to manage the procurement of raw materials for the stockpile, according to the report . The Export-Import Bank's board is set to vote later on Monday to authorize the record 15-year loan, which is more than double the next-largest deal ever executed by the bank, the report said. ETFs: ( REMX ), ( XME ), ( LIT ), ( BATT ) More on rare earth and strategic metals The Mining And Metals Supercycle- Driven By AI And The Deterioration Of Fiat Currency Values LIT: Despite The Rise, Lithium Is Still Not My Preferred Commodity For 2026 REMX: Big Policy Tailwinds, Bigger Volatility
Esteban Alejandro/iStock via Getty Images Parex Resources ( PARXF ) had expanded its partnership with Ecopetrol ( EC ) in Colombia back in February 2025 . Since I covered that event, the last article noted that this expansion has made up for some disappointing exploration results. But the stock price had declined on the disappointing well results only to begin climbing when the company effectively...
Esteban Alejandro/iStock via Getty Images Parex Resources ( PARXF ) had expanded its partnership with Ecopetrol ( EC ) in Colombia back in February 2025 . Since I covered that event, the last article noted that this expansion has made up for some disappointing exploration results. But the stock price had declined on the disappointing well results only to begin climbing when the company effectively purchased its way into a low-risk situation. The last article continued the coverage of the company's recovery. This article will give the latest update on the situation. The major idea here is that a company like this that is generally either debt-free or low debt gets as many chances as it needs to succeed whereas higher debt companies have less room for failures. The debt needs to be serviced regardless of what happens and payments come due regardless of the situation. Because this industry tends to be very volatile and low visibility, a debt load just does not work as well as a debt free balance sheet. As a result, even though many investors believe that a high debt company has a better chance at a big return, the big returns instead tend to come from low debt or no debt companies that find better geology. Parex Resources has long been that type of company in Colombia. Stock Price In the example shown below, the companies that operate in Colombia, South America would be Ecopetrol, Parex, Gran Tierra ( GTE ), and GeoPark ( GPK ). Parex Peer Return Comparisons As Shown By Seeking Alpha (Seeking Alpha Website January 31, 2026) The one company that I follow that is not operating in South America is Paramount Resources ( PRMRF ). That company actually got overextended on debt but managed to sell its way out of the situation. Interestingly, that company never ever allowed debt to get to that level again once it climbed out of its debt situation. It is one of very few companies I follow that did not succumb to too much debt. As a result, it very much did return a high rate as...
New York State Common Retirement Fund lessened its position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 44.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,854 shares of the company's stock after selling 66,964 shares during the period. New York State Common Retirement Fund owned about 0.05% of Astera L...
New York State Common Retirement Fund lessened its position in Astera Labs, Inc. (NASDAQ:ALAB - Free Report) by 44.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,854 shares of the company's stock after selling 66,964 shares during the period. New York State Common Retirement Fund owned about 0.05% of Astera Labs worth $16,419,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of Astera Labs by 167.3% during the 1st quarter. Royal Bank of Canada now owns 152,453 shares of the company's stock valued at $9,097,000 after buying an additional 95,409 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Astera Labs by 213.4% in the first quarter. AQR Capital Management LLC now owns 11,391 shares of the company's stock valued at $680,000 after purchasing an additional 7,756 shares during the period. Empowered Funds LLC raised its stake in Astera Labs by 917.3% in the first quarter. Empowered Funds LLC now owns 4,639 shares of the company's stock worth $277,000 after buying an additional 4,183 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Astera Labs during the 2nd quarter worth approximately $431,000. Finally, Signaturefd LLC boosted its holdings in Astera Labs by 112.5% in the second quarter. Signaturefd LLC now owns 850 shares of the company's stock worth $77,000 after acquiring an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 60.47% of the company's stock. Get Astera Labs alerts: Sign Up Insider Transactions at Astera Labs In other Astera Labs news, Director Manuel Alba sold 150,000 shares of the firm's stock in a transaction dated Monday, December 1st. The stock was sold at an average pr...
Tesla Inc.'s (NASDAQ:TSLA) fourth-quarter earnings provided some valuable insights into the automaker's future. With talks about autonomous driving, as well as the discontinuation of Tesla's Model S and Model X, the Optimus was touted by CEO Elon Musk as the company's next big thing. With that said, here's everything Musk shared about the humanoid robot during the earnings call. Model S, X Make Wa...
Tesla Inc.'s (NASDAQ:TSLA) fourth-quarter earnings provided some valuable insights into the automaker's future. With talks about autonomous driving, as well as the discontinuation of Tesla's Model S and Model X, the Optimus was touted by CEO Elon Musk as the company's next big thing. With that said, here's everything Musk shared about the humanoid robot during the earnings call. Model S, X Make Way For Optimus At Fremont In a move that has generated considerable buzz, Musk announced that the automaker was scrapping the production of the Model S and Model X, which are both assembled at the automaker's Fremont facility in California. Don't Miss: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Just $0.85 a Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? "We are going to take the Model S and X production space in our Fremont factory and convert that into an Optimus factory with a long-term goal of having a million units a year," Musk shared. He added that the company would be unveiling the third-generation Optimus robot this year. "This Optimus really will be a general-purpose robot that can learn by observing human behavior," Musk said. He also touted that the Optimus Gen 3 robot could learn tasks by watching videos. However, it comes as Tesla announced $20 billion CapEx spend for the year, which also includes the Optimus facility in Fremont. Deployment In Factories? Musk was also asked about the deployment of the Optimus robots in Tesla facilities, to which he said that Tesla was still in the early stages of Optimus. "We have had Optimus do some basic tasks in the factory," he shared, but added that the Robot wasn't "in usage in our factories in a material way. It’s more so that the robot can learn." Trending: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors. Chal...
Tesla Inc.'s (NASDAQ:TSLA) fourth-quarter earnings provided some valuable insights into the automaker's future. With talks about autonomous driving, as well as the discontinuation of Tesla's Model S and Model X, the Optimus was touted by CEO Elon Musk as the company's next big thing. With that said, here's everything Musk shared about the humanoid robot during the earnings call. Model S, X Make Wa...
Tesla Inc.'s (NASDAQ:TSLA) fourth-quarter earnings provided some valuable insights into the automaker's future. With talks about autonomous driving, as well as the discontinuation of Tesla's Model S and Model X, the Optimus was touted by CEO Elon Musk as the company's next big thing. With that said, here's everything Musk shared about the humanoid robot during the earnings call. Model S, X Make Way For Optimus At Fremont In a move that has generated considerable buzz, Musk announced that the automaker was scrapping the production of the Model S and Model X, which are both assembled at the automaker's Fremont facility in California. Don't Miss: Missed Nvidia and Tesla? RAD Intel Could Be the Next AI Powerhouse — Just $0.85 a Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? "We are going to take the Model S and X production space in our Fremont factory and convert that into an Optimus factory with a long-term goal of having a million units a year," Musk shared. He added that the company would be unveiling the third-generation Optimus robot this year. "This Optimus really will be a general-purpose robot that can learn by observing human behavior," Musk said. He also touted that the Optimus Gen 3 robot could learn tasks by watching videos. However, it comes as Tesla announced $20 billion CapEx spend for the year, which also includes the Optimus facility in Fremont. Deployment In Factories? Musk was also asked about the deployment of the Optimus robots in Tesla facilities, to which he said that Tesla was still in the early stages of Optimus. "We have had Optimus do some basic tasks in the factory," he shared, but added that the Robot wasn't "in usage in our factories in a material way. It’s more so that the robot can learn." Trending: Blue-chip art has historically outpaced the S&P 500 since 1995, and fractional investing is now opening this institutional asset class to everyday investors. Chal...
One South Korean family saw their fortune swell past $800 million on paper — not from an IPO, not from real estate, not from crypto — but from a battery deal with Tesla. Less than two years later, the value of that contract was quietly revised down to just $7,386. Yes, from $2.9 billion to $7,386. A 99.9997% collapse. Behind the swing is L&F Co., a manufacturer of high-nickel cathode materials use...
One South Korean family saw their fortune swell past $800 million on paper — not from an IPO, not from real estate, not from crypto — but from a battery deal with Tesla. Less than two years later, the value of that contract was quietly revised down to just $7,386. Yes, from $2.9 billion to $7,386. A 99.9997% collapse. Behind the swing is L&F Co., a manufacturer of high-nickel cathode materials used in electric vehicle batteries. In February 2023, the company signed a supply agreement with Tesla and its affiliates, covering planned deliveries through 2025. At the time, the deal was seen as a game changer — expanding L&F's client base and opening the door to direct business with one of the world's most powerful automakers. Don't Miss: Investors rushed in. Shares soared. And the company's chairman and CEO, Hur Jae-hong, landed on the Bloomberg Billionaires Index alongside his family, their stake briefly worth more than $800 million. A Billion-Dollar Deal That Never Showed Up At the end of December, the dream came crashing down. In a regulatory filing submitted in South Korea, L&F disclosed that the projected contract value had been revised to $7,386, citing only a "change in supply quantity." No further explanation was given in the filing. According to analysts quoted by Reuters, the drastic revision likely stems from Tesla's ongoing struggles to scale up production of its 4680 battery cells — an advanced battery format the automaker promoted heavily but has faced setbacks in producing at volume. These cells are primarily used in Tesla's Cybertruck, which faced multiple delays and slower-than-expected uptake after launch. A senior analyst at Samsung Securities told Reuters that weak demand and low manufacturing yields likely slashed Tesla's order volume, effectively nullifying the revenue L&F had once projected. Trending: Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding Middlemen 70% Stock Decline — and a Sh...
Ugur Karakoc/E+ via Getty Images The Bank of England is working on a payment system that allows consumers to pay retailers out of their bank accounts without using cards, a move that could lower costs for retailers and consumers, the central bank's deputy governor of financial stability said Monday. The BoE has formed a Retail Payments Infrastructure Board (RPIB) comprised of banks and societies, ...
Ugur Karakoc/E+ via Getty Images The Bank of England is working on a payment system that allows consumers to pay retailers out of their bank accounts without using cards, a move that could lower costs for retailers and consumers, the central bank's deputy governor of financial stability said Monday. The BoE has formed a Retail Payments Infrastructure Board (RPIB) comprised of banks and societies, merchants and fintechs, as well as Pay.UK, the existing retail payment system operator, and Payment Systems Regulator colleagues, the BoE's Sarah Breeden said in a speech at the City & Financial Payments Regulation and Innovation Summit. She pointed to payment systems in other countries as models — UPI in India, Pix in Brazil, and Swish in Sweden — which operate along with cards for retail payments. The central bank is also looking at tokenization and distributed ledger technology for ways to enhance the functionality of real-world retail payments – "including through greater customisability, conditionality, and automation in payments, compared to the standing orders and direct debits of today," she said. UK authorities are focusing on three enhancements they want in the next generation of retail payments in the kingdom: 1) account-to-account payment option in-store and online; 2) seamless exchange of traditional and tokenized money; and 3) improved cross-border retail payments that are faster and cheaper than the current system. The RPIB will oversee the delivery of the new infrastructure design to a new industry-led Delivery Company that will procure and fund the creation of the infrastructure. That's in the process of being established with involvement from across the industry under chair designate Vim Maru, CEO of Barclays UK, and with support from UK Finance, Breeden said. The BoE is also looking ahead. "To serve new and unknown needs, the next-generation infrastructure must be built on principles of extensibility, modularity, and flexibility," Breeden said . "RPIB is ...
General Motors (GM), Stellantis (STLA), and other companies have joined an effort by the Trump admin Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
General Motors (GM), Stellantis (STLA), and other companies have joined an effort by the Trump admin Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.