Innovation economy
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Teeter: The U.S. is really running on an innovation economy
CNBC Television· 2025-10-28 13:46
All right, a lot of focus on uh Asia this morning with the president there. But we're also getting some headlines out of Riad uh the investment forum there. One in particular I want to ask you about uh Black Rockck's Larry Fank saying that major US investors are overweight US equities.He's advising investors to be overweight US equities for the next year and a half or so 18 months. Do you agree with that take. Do you see any issues there.>> No, we think the US offers a combination of favorable demographics ...
Donald Trump aide's crypto-friendly bank gets US approval to operate — Can Indians open accounts at Erebor Bank?
MINT· 2025-10-17 06:19
Core Insights - Erebor Bank has received conditional approval from US regulators to operate, marking a significant development for tech and crypto-friendly banking in the country [1][3] - The bank is founded by notable tech billionaires, including Palmer Luckey and Joe Lonsdale, who have connections to the Trump administration [2] - Erebor Bank aims to serve tech companies focused on cryptocurrencies and other innovative sectors, targeting the US "innovation economy" [4] Company Overview - Erebor Bank is based in Columbus, Ohio, and was established in 2023 by a group of tech entrepreneurs [2] - The bank's primary focus will be on businesses involved in cryptocurrencies, artificial intelligence, defense, and manufacturing [4] - Other investors in Erebor Bank include Peter Thiel's Founders Fund and Haun Ventures [3] Regulatory Context - The Office of the Comptroller of the Currency (OCC) has indicated a willingness to allow banks to engage in digital asset activities, provided they are conducted safely [3] - Erebor Bank is part of a growing trend of firms seeking banking licenses to operate in the digital asset space, alongside companies like Stripe and Coinbase [5]