News

XPO Logistics is issuing $1 billion of bonds to refinance debt and fund additional buybacks.

Designed to support cross-border payments, JPM Coin will be a direct competitor to Ripple's XRP, but with a stable value pegged to the U.S. dollar.

The bank believes JPM Coin “can yield significant benefits by reducing clients' counterparty and settlement risk, decreasing capital requirements, and enabling instant value transfer.”

Plan released Tuesday would curb incentives in the 2017 tax law that encourage companies to use excess capital to buy back shares.

Excess cash resulting from tax law changes means tech companies are paying down debt, despite low interest rates.

President is “not inclined” to give China more time, but would consider doing so if talks seem close to a “real deal.”