@AlmostMedia Haven’t early results been pretty uninspiring for LT job growth? ST spike during build but most of the construction labor comes from outside while the service industry expands to serve them until construction is complete.
This isn’t an argument for or against just economics
🚨🚨SCOOP: a16z-backed @coverd announced it launched an "up to" 100% cash back credit card, but its card issuer @raincards told me "it has not been approved and is not even a live card program"
More (much more) in today's Fintech Biz Weekly
The most famous salad in Las Vegas is Golden Steer's tableside Caesar featuring dressing made from scratch! $21 per person with a 2 order minimum.
📍308 W Sahara
I am a proud US citizen and founder of a successful startup that employs 94 employees in the US and 180+ employees globally. I was in Dubai on a business trip meeting with financial institutions to help them fight financial fraud in the region, but now I am stranded.
I expected the @usgov to do something to get US citizens out but I haven't seen any meaningful action.
After 4 days of adrenalin and constant fear, I feel demoralised and abandoned by our government. It’s difficult watching other countries – UK, Israel, Spain, Italy and India – repatriate their citizens or ensure that commercial flights continue operating to bring them home.
I became a naturalized US citizen because I believe in the American dream, and the idea that in a crisis, America never leaves its citizens behind. I see that American dream being shattered not just for me, but for tens of thousands of other Americans left stranded.
I have 3 requests of our government:
1. Can the @usgov ensure the commercial airlines don't cancel US bound flights? I've booked a dozen flights to leave Dubai and ALL of them got canceled, even as flights to other countries continue operating.
2. If that is not possible, can the USG organize planes, commercial or military, to evacuate Americans out of Dubai and the surrounding region?
I saw a very hopeful note from the Assistant Secretary of State for Global Public Affairs which states, “the US State Dept is in touch with 3,000 Americans and that we should call 1-202-501-4444 for assistance with departure options.”
But that is unfortunately not accurate. I am enrolled in Step and have only received generic messages. Further, on calling that number, the message you get is:
"Please don't rely on the USG for assisted departure or evacuation at this point. There are currently no evacuation flights at this time."
3. With funding cuts to the US consulates and with attacks on US embassies in the region, there’s no one that Americans can reach out to in the broader GCC region.
Can we set up an emergency hotline within the US that actually works, and that has someone who is taking down more details?
@SecRubio just stated that there are 1500 Americans who have contacted asking for assistance to evacuate. How did they do that because I am completely at a loss on who to call? I called up 1-202-501-4444 and all I got is a generic message.
Myself and other Americans need help getting back home.
“I always compare infrastructure in financial services to infrastructure in transport… you have to first build the tracks.” - David Watson
New payment rails, RTP, real-time, and stablecoins are those tracks.
The next step is figuring out how to move things on those tracks, and who wants to use them.
In this week’s Breaking Banks, Jason Henrichs @jasonhenrichs and leaders Dominic Venturo @innov8tr from U.S. Bank and David Watson from The Clearing House explore what happens after the tracks are built and how strategy, liquidity, and value creation change once money moves instantly.
Listen here or wherever you get your podcasts: https://t.co/jBsQK78ViO
I'm not really returning to Twitter-X but I have an urgent question only social can answer: I've worn the zippers out of me @thenorthface vest and ski jacket - is it worth replacing the zippers? These are my yard work wear as ski gear long ago upgraded.
The FBI is probing Evolve’s sprawling fintech program, sources tell me:
The Federal Bureau of Investigations and the U.S. Attorney’s Office for the Southern District of New York are continuing to investigate matters related to the collapse of Synapse, programs the third-party service provider supported, and banks it partnered with, most notably embattled Evolve Bank & Trust, nearly a dozen people familiar with the investigation have told Fintech Business Weekly.
That the Southern District of New York had convened a grand jury to investigate isn’t news: Fintech Business Weekly was the first to report this in late January 2025 (the Wall Street Journal confirmed much of this reporting a month later.)
When it comes to the Synapse situation, what the FBI and SDNY appear to be looking into isn’t any surprise. The top line questions, according to multiple sources who have been in direct contact with the FBI, center around the causes of the gap in funds — as well as who knew what, when.
But law enforcement’s interest seems to go beyond the question of the Synapse disaster to include probing fintech programs at Evolve, with a focus on those that facilitated transnational money movement.
People familiar with the investigation said that the FBI has expressed interest in approximately 10 specific programs at Evolve, with one source saying that they were “the ones you’d expect.”
Investigators have expressed a specific interest in cross-border remittance app Wise and business banking startup Mercury, according to people familiar with the investigations.
Full story in today’s Fintech Business Weekly.
My 2 worst preforming videos this year are the ones where I help people. Just thought I’d share this because some people think I just do it for views but I would get way more views if I didn’t help thousands of people walk and give away a million meals. People would also hate me less lol. Doesn’t matter though, I’m gonna keep doing it because I’m the most subscribed YouTube channel in the world and I believe using my platform to inspire people to do good is important (and I also like making these videos)
Even transnational criminal orgs have a sense of humor.
Like the guy who opened an account at @mercury for "Bereshit Royalty LLC" to hold his commission for laundering $935,000 scammed from a middle-aged mechanic in Maryland.