I see a lot of people writing that Banking-as-a-Service (BaaS) is dead. That saddens me a little, as I created the term twenty years ago – have I mentioned this before? – but I agree. It is now past its prime. It was replaced by open banking. Then there was embedded finance and today it is … Read more
A Medevac plane that crashed in Northeast Philadelphia killed one person on the ground and left 19 others hospitalized, in addition to killing all six people on board the aircraft, the city’s mayor said on Saturday. “This is a tragedy in our City. People lost their lives and many injured in this horrific crash and … Read more
It’s a truism at this point to say that Americans own a lot of guns. Case in point: This week, a fire chief in rural Alabama stopped to help a driver who had just hit a deer. The two men walked up the driveway of a nearby home. For reasons that remain unclear, a man … Read more
A month ago, Michael and I were talking about the epic bull market, and I asked him where the euphoria was: Markets were rocking, but the sentiment didn’t match the gains quite yet. Sentiment can change in a hurry. It feels like the election was a spark that seems to have awoken the animal spirits. Just look at … Read more
One person is dead and 48 others across 10 states have been sickened in an E. coli O157:H7 outbreak that appears to be linked to McDonald’s Quarter Pounders and the slivered onions used on the burgers, according to the Centers for Disease Control and Prevention. McDonald’s has paused distribution of the slivered onions and removed … Read more
