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  • Google introduces an AI feature in a complete overhaul of research.
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  • Greenlite AI secures $15 million to develop a financial crime assistance tool.
  • Bath Capital guides targeted investment in Acrisure’s growth initiatives.
  • Funding in finance sees a resurgence in Q1, driven by AI and specialized digital assets according to CB Insights – Fintech Schweiz Digital Finance News.
  • Breaking: Jaywing purchased by London Fintech in a highly complementary deal.
  • AI assists in curbing the expansion of Microsoft’s finance team, according to an executive.
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fintechbits
  • News

    Breaking: Jaywing purchased by London Fintech in a highly complementary deal.

    May 21, 2025

    The $2.6 Trillion Revolution: Inside 2025’s Private Credit BoomHow a once-niche asset class is redefining modern finance

    May 21, 2025

    Why Digital Asset Leaders Are Leaving Big Banks to Build the Future

    May 20, 2025

    The Transformative Power of Generative AI in Financial Services: Innovation, Implementation, and Impact

    May 16, 2025

    Surge in Fintech Mergers in Africa Driven by Digital Payments

    May 16, 2025
  • AI

    Google introduces an AI feature in a complete overhaul of research.

    May 22, 2025

    Greenlite AI secures $15 million to develop a financial crime assistance tool.

    May 22, 2025

    AI assists in curbing the expansion of Microsoft’s finance team, according to an executive.

    May 21, 2025

    Microsoft Unicorn UK Builder UK title can be rephrased as Microsoft UK Builder for Unicorn Startups.

    May 21, 2025

    Comparative Study of the Benefits of AI in Finance

    May 21, 2025
  • Acquisitions

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025

    The Challenges of Implementing Central Bank Digital Currencies (CBDCs)

    April 14, 2025

    Apex Fintech considering the purchase of Bakkt

    April 13, 2025

    The Future of Digital Wallets: Trends to Watch

    April 12, 2025

    What Is Blockchain and How Is It Used in Finance?

    April 11, 2025
  • Trends

    The $2.6 Trillion Revolution: Inside 2025’s Private Credit BoomHow a once-niche asset class is redefining modern finance

    May 21, 2025

    The Transformative Power of Generative AI in Financial Services: Innovation, Implementation, and Impact

    May 16, 2025

    Latin America’s Fintech Sector Poised to Reach 49.58 Billion USD

    May 1, 2025

    Analysis of Industry Market Size in the 2025 Fintech Market Report

    April 28, 2025

    Analysis of Trends and Key Drivers in India’s Blockchain Fintech Sector

    April 23, 2025
  • Opportunities

    Treasury Engages in Discussions with Fintech Unicorns About Joining the London Stock Exchange

    May 20, 2025

    Top Fintech Employers of 2025

    May 15, 2025

    Governor Kelly reveals collaboration with FISERV to establish a fintech strategic hub.

    April 23, 2025

    Governor Kelly reveals Fiserv’s plans to establish a strategic fintech center in Kansas, generating 2,000 jobs.

    April 23, 2025

    FISERV establishes 2,000 positions with the launch of a new Fintech Innovation Center in Kansas.

    April 22, 2025
  • Insights

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    May 22, 2025

    Fintech Airwallex reaches a valuation exceeding $6 billion in its most recent funding round.

    May 21, 2025

    The $2.6 Trillion Revolution: Inside 2025’s Private Credit BoomHow a once-niche asset class is redefining modern finance

    May 21, 2025

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    May 20, 2025

    Why Digital Asset Leaders Are Leaving Big Banks to Build the Future

    May 20, 2025
  • Rumors

    404 Error – Page Unavailable on Coinspeaker

    May 22, 2025

    Brighthouse Financial executives address misleading rumors and inconsistent first-quarter figures in insurance news.

    May 16, 2025

    FortunePayoneer delayed guidelines for 2025 and sought a buyer in November.

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  • Regulatory

    Fintech Groww Targets 800 Million Dollar Initial Public Offering

    April 26, 2025

    Wolters Kluwer Receives the Prix Fintech Breakthrough Award 2025 for its Onesumx Solution

    April 22, 2025

    Partner in Fintech Founders launches a new Self-Regulatory Organization

    April 19, 2025

    Razorpay founders highlight the need for transparent and consistent regulations to support Fintech growth in India.

    April 17, 2025

    India establishes a senior panel to address regulatory challenges in fintech.

    April 4, 2025
  • Startups

    Funding in finance sees a resurgence in Q1, driven by AI and specialized digital assets according to CB Insights – Fintech Schweiz Digital Finance News.

    May 22, 2025

    APEX Group Acquires Luxembourg Fintech Startup Tokeny

    May 21, 2025

    German fintech Aufinity Group secures 23 million euros to revolutionize payments in the automotive industry.

    May 21, 2025

    Alternative title for the New 2025 Fint-Fint Mate.

    May 21, 2025

    MOBIKWIK reports fourth-quarter income of 267.8 crore rupees with a net loss of 56 crore rupees.

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  • Innovations

    New Course Overview: Successful Fintech Strategies

    May 20, 2025

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    May 18, 2025

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    May 13, 2025

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    May 6, 2025

    Fintech entrepreneur Jose Daniel Duarte Camacho discusses how digital innovations can be harnessed for sustainable growth in a fast-evolving digital economy, where businesses encounter ongoing challenges and opportunities driven by new technologies.

    May 1, 2025
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Home » How a malfunctioning phone game has increased and then decreased market value by 4 billion dollars.
Market Rumors

How a malfunctioning phone game has increased and then decreased market value by 4 billion dollars.

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Market Reactions to Trump’s Tariff Policies and Economic Advisor’s Comments

On Monday, President Trump’s economic advisor, Kevin Hassett, appeared on Fox News, but his statements did not seem particularly noteworthy. Nonetheless, the stock market experienced significant fluctuations, initially gaining about $4 billion before retracting those gains.

Bloomberg’s Headlines Drive Market Movements

The market’s volatility was triggered by a sensational headline that surfaced on Bloomberg Terminals and various forums. Investors witnessed their stock values tumble amid fears that Trump’s tariff policies could disrupt global trade and push the U.S. economy into a recession. A report, originally highlighted by 404 Media, indicated that Hassett suggested a potential 90-day pause on tariffs—excluding those placed on China.

Misunderstandings and Rapid Spread of Information

Such speculative headlines often emerge swiftly on financial platforms like Bloomberg, sometimes before full details are clarified. This can lead to misinterpretations, particularly in volatile market conditions. Traders and automated algorithms quickly reacted, attempting to capitalize on the momentary optimism, effectively reversing some of the significant declines endured since the previous trading week.

The Key Statement Misinterpreted

During his Fox News interview, when questioned about a possible 90-day tariff break, Hassett stated, “I think the president will decide what the president will decide.” This ambiguous comment was later interpreted by some as an indication of impending relief from tariffs, further inflating market expectations.

White House Response and Market Reactions

The White House press secretary, Karoline Leavitt, typically utilizes conventional phrasing but seemed particularly pointed in her remarks during this episode. The misinterpretation of Hassett’s comments spread quickly on social media, especially on platforms like X, where day traders frequently share speculative news without verifying sources.

The Role of Media Outlets and Accountability

A spokesman for Reuters noted that their erroneous report stemmed from information originating on CNBC. While the network aired the headline, it remains unclear whether it was derived from their own reporting or miscommunicated information. In response to the confusion, a spokesperson for Reuters confirmed that the inaccurate report had been retracted.

Investor Sentiment Amidst Uncertainty

While the finger-pointing regarding responsibility for market fluctuations continues, one conclusion is apparent: investors are eager for any signs of relief from import tariffs. Should the administration choose to ease these restrictions, it is likely to stabilize or potentially reverse some of the market’s losses.

Conclusion: A Need for Clarity in Economic Policies

The recent events underscore the importance of clear communication from government officials, particularly regarding economic policies that can drastically impact market dynamics. As investors await further developments, the focus remains on how potential changes to tariff regulations may influence stock market stability.

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May 22, 2025

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May 22, 2025
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FintechBits is an blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

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  • AI in Finance (1,180)
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