Core Viewpoint - The Ministry of Finance reported a slight increase in public budget revenue and a notable rise in expenditure for the first three quarters of 2023, indicating a proactive fiscal policy aimed at supporting economic recovery and investment expansion [3][5][8]. Revenue Summary - Total public budget revenue reached 16.39 trillion yuan, a year-on-year increase of 0.5%, with tax revenue at 13.27 trillion yuan (up 0.7%) and non-tax revenue at 3.12 trillion yuan (down 0.4%) [5][6]. - Tax revenue growth was driven by a rebound in major tax categories, with notable increases in personal income tax (up 9.7%) and value-added tax (up 3.6%) [6][7]. - Non-tax revenue decline was primarily due to a drop in penalty income, which fell by 7% [5][6]. Expenditure Summary - Total public budget expenditure was 20.8 trillion yuan, reflecting a year-on-year increase of 3.1% [3][8]. - Government fund expenditure saw a significant rise of 23.9%, supported by the issuance of special bonds and other financial instruments [3][8]. - Key areas of expenditure included social security, education, health, and technology, all showing the highest growth rates in three years [8]. Debt Management and Future Policies - The Ministry of Finance announced the allocation of 500 billion yuan from local government debt limits to support debt resolution and investment expansion [9][10]. - Plans for 2026 include an early allocation of local government debt limits, with a total of 5.2 trillion yuan in new local bonds expected [10][11]. - The focus will be on addressing existing debts and supporting major projects to ensure stable local government finances [12].

The MrBeast burger. MrBeast toys. Rumors of a MrBeast phone company. Could a MrBeast bank be next? Most Read from Fast Company The world’s most-subscribed-to YouTuber, with 446 million subscribers, has filed an application with the U.S. Trademark and Patent Office for a service called MrBeast Financial. The recent trademark application for the latest venture from 27-year-old MrBeast—whose real name is Jimmy Donaldson—lists plans for a “mobile app and online services for a range of banking, financial adv ...

Core Insights - Singapore is advancing its digital finance strategy with the launch of BLOOM, which stands for Borderless, Liquid, Open, Online, Multi-currency [1] - The initiative aims to enhance settlement capabilities through the use of tokenized bank liabilities and regulated stablecoins [1] - BLOOM is focused on improving cross-border payment systems and promoting the use of digital settlement assets [1]

Core Insights - Jimmy Donaldson, known as MrBeast, has filed a trademark application for a banking platform named "MrBeast Financial," which will include crypto payment services, marking a significant shift from entertainment to financial services [1][2][3] Group 1: Trademark Application - The trademark application for "MrBeast Financial" was submitted to the United States Patent and Trademark Office (USPTO) on October 13 [2] - The application will undergo its initial examination around mid-2026, with a final decision expected by the end of next year [4] Group 2: Banking Services Offered - The proposed banking platform will offer various online banking services, including issuing credit and debit cards, processing cryptocurrency payments, facilitating crypto exchanges through decentralized platforms, and providing other investment services [3] Group 3: Previous Controversies - MrBeast was previously involved in a controversy where he allegedly made over $10 million by backing low-cap tokens, which were later identified as pump-and-dump schemes [5] - One notable incident involved MrBeast investing $100,000 in the SuperFarm ($SUPER) token, which spiked in value shortly after his involvement [6]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The race for crypto dominance has entered politics, with U.S. president Donald Trump and Reform U.K.’s leader Nigel Farage both pitching bold visions to make their nations the global hub for digital assets. Farage Pledges to Make Britain a Crypto Powerhouse Speaking at the Digital Asset Summit in London on Monday, Farage told attendees, "I am your champion," outlining plans to create a “state-owned Bitcoi ...

Core Insights - Shawbrook has extended its partnership with One Stop Business Finance (OSBF) by providing a £65 million ($87.2 million) revolving loan facility to Castelnau Group, marking a significant development in their collaboration [1][3] - The lending agreement with OSBF has been enhanced by 50% to reach £30 million, reflecting the growth and mutual objectives of both companies over the past six years [1][2] Group 1: Shawbrook and OSBF Partnership - OSBF, established in 2014, specializes in asset-based financial services for small and medium-sized enterprises (SMEs), including bridging finance and working capital loans [2] - The initial engagement between OSBF and Shawbrook began in 2019 with a £3 million revolving credit line, which has seen progressive increases, culminating in a loan book exceeding £50 million [2][3] - Shawbrook's director Matthew Newman highlighted the strong demand for funding and support provided by OSBF, indicating a robust relationship between the two entities [3] Group 2: Castelnau Group Loan Facility - The £65 million revolving loan facility for Castelnau Group is notable for its size and the substantial initial drawdown, which exceeded 90% of the facility [4] - Castelnau Group, managed by Phoenix Asset Management Partners, focuses on investing in UK-based small to mid-cap private companies, emphasizing sustained value growth and strategic capital deployment [4] - Shawbrook's director Ismail Farhat expressed confidence in Castelnau's business model and track record, indicating a commitment to support their growth and operational strengthening [5]

Core Insights - United Airlines is preparing to launch a rewards-earning debit card, similar to Southwest Airlines' recent offering [1][13] - The card will be called the United MileagePlus® Debit Rewards and will charge a $4 monthly fee, which can be waived with a $2,000 average monthly balance [2][4] - The earning rates for the card are relatively low, with 1 mile per $1 spent on United purchases and 1 mile per $2 spent on other purchases [3][9] Earning Structure - Cardholders can earn 2,500 bonus miles for spending $10,000 in a year, but there is a cap of 70,000 miles on annual earnings [4][9] - The effective earning rate is 0.5 miles per $1 spent on everyday purchases, which is less than half of what United's no-annual-fee credit card offers [9][14] Partnerships and Technology - The debit card will operate on Visa's network and utilize SoFi Technologies' Galileo Financial Technologies platform [6] - Sunrise Banks N.A. will serve as the banking partner, providing FDIC insurance up to $250,000 for card funds [7] Market Positioning - The card is not expected to be a good deal for most travelers due to its low earning rates compared to existing credit card options [9][14] - It may be a viable option for individuals who cannot qualify for a rewards-earning credit card, allowing them to earn some rewards on everyday spending [11][14]

Core Viewpoint - The dollar showed mixed performance against major currencies, remaining flat against the euro and yen while declining against the Swiss franc, indicating a cautious approach from investors in a risk-averse environment [1] Currency Performance - The dollar was flat against the euro and yen, suggesting stability in these currency pairs [1] - The dollar experienced a decline against the Swiss franc, highlighting a shift in investor sentiment towards safer assets [1] - Overall, the dollar's slight recovery indicates a temporary avoidance of risk by investors [1]

Core Insights - YouTube creator Jimmy Donaldson, known as MrBeast, is venturing into digital finance with a new trademark application for "MrBeast Financial" [3][5] - The trademark aims to establish a software-as-a-service (SaaS) platform offering banking, investment, and cryptocurrency services [4][10] - If approved, MrBeast Financial could be the first major influencer-led banking brand in the U.S., with examination expected by mid-2026 [5] Company Developments - The trademark application was filed under Beast Holdings LLC and includes features like crypto payment processing and decentralized exchange operations [4][10] - MrBeast has a diverse business portfolio, including Feastables and MrBeast Burger, indicating a strong entrepreneurial background beyond YouTube [6] - Previous reports suggest that MrBeast's company had pitched products like credit cards and personal loans, aligning with the new financial brand's direction [7] Industry Trends - The move into finance reflects a growing trend of influencers expanding their brands into fintech, leveraging their large followings for new ventures [10] - MrBeast is also exploring other technology sectors, including plans for a mobile phone service, showcasing broader ambitions in the tech and fintech landscape [8] - Allegations of MrBeast profiting from low-cap cryptocurrency projects highlight the risks and scrutiny associated with influencer-led financial initiatives [9]

Core Insights - The article discusses the current state of the equity market, highlighting concerns about potential peaks in the SP500 index and the implications for investors [1]. Group 1: Company Overview - Sensor Unlimited is an economist with a PhD, specializing in financial economics and quantitative modeling, with a decade of experience in the mortgage market, commercial market, and banking industry [2]. Group 2: Investment Strategies - Sensor Unlimited contributes to the investing group Envision Early Retirement, offering solutions for high income and growth through dynamic asset allocation, including two model portfolios for different investment strategies [1].