Visa will allow the use of a dollar-backed…

Roberto Machado Noa/LightRocket via Getty Images Visa said on Monday it will allow the use of USD Coin to settle payment transactions on its network. The company piloted the option with payment platform Crypto.com and…

Credit Suisse loses $5 billion in market value…

Johannes EISELE /AFP/Getty Images Credit Suisse stock tanked 14% on Monday, wiping away $5 billion of market value. The Swiss bank warned of a large loss from Archegos defaulting on its margin call. Credit Suisse's…

How the spending habits of Singapores rich changed…

Singapore's wealthy elite are accustomed to frequent international travel. With travel at a standstill during the pandemic, their habits have shifted.  They've traded parties for six-person yacht dinners and international vacations for staycations at 5-star…

US stocks fall after a $30 billion wave…

Lucas Jackson/Reuters US stocks fell on Monday as traders braced for the after-effects of a selling-spree tied to hedge fund Archegos. Archegos is the family office of former Tiger Management trader Bill Hwang. Nomura and…

Massive ship blocking the Suez Canal has been…

After being stuck since Tuesday, the Ever Given has been "partially refloated." The massive cargo vessel caused a blockage in the Suez Canal, straining global trade. It's still not known when the canal will be…

The COVID pandemic is calling out the hospitality…

Wellness has been a buzzword in the hospitality industry for years. The pandemic has created a new focus on safety and cleanliness across the world, especially in hospitality. The change shows that hospitality's focus on…