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BaaS as the Next Fintech Gold Rush

Once based on phone calls, paper contracts, and in-person consultations, the brokerage industry, like many others, has undergone a dramatic transformation over the last two decades. The rise of digital platforms, apps, and AI accelerated this process even further, and today, everybody can and wants to be an investor. This revolution of financial markets, going hand in hand with the evolution of modern banking, is not only about convenience, but also about inclusion.

New fintech companies and start-ups, even those not financially inclined, look to offer their clients investment possibilities directly on their platforms. But building all the structure and tools necessary for offering such services is not a walk in the park, it requires investing a lot of time and resources, which not every rising FinTech actor has. That’s where Brokerage as a Service comes into action. Just like “Banking as a Service”, this model has instantly gained popularity, and it’s hard to overestimate its potential. To put it simply, BaaS allows companies to integrate investing functions into their platforms without the need to build a complex brokerage infrastructure themselves. This way, you can turn virtually any app into an investment platform.

Massive Market Demand

Investing is no longer reserved only for the Wall Street “Wolves” who act as the gatekeepers of all the essential tools and real-time data needed for investing. The rise of new-fangled commission-free investing platforms, global access to financial education, and the investing boom that came with the pandemic created a new generation of retail investors. This new class of consumers expects their financial platforms to be multifunctional, and they want to invest directly from their budgeting or banking apps, which have to keep up with the demand if they want to stay relevant and keep making a profit. BaaS seems like a no-brainer for those who want to make the necessary updates quickly.

Lowering the Entry Barriers

Building a brokerage firm no longer requires immense capital, years of infrastructure development, and tons of regulatory licences. Brokerage as a Service tore those barriers down. Today, a new bank or any fintech startup can launch investing features within months, simply by hiring a BaaS provider and letting them handle the custody, trade execution, compliance, and clearing. This has significantly lowered the threshold for competition and innovation in the investing area, and we can see more and more actors entering from sectors previously not connected with finances, including wellness apps, telecom services, or gaming platforms.

Revenue Opportunities

Brokerage features offer more than just user engagement. They can be a direct revenue stream. Platforms can now monetize through transaction fees, interest on uninvested cash, or revenue sharing with their BaaS provider. These new investment tools also boost LTV (lifetime value) and user stickiness, which is another term for user retention. This can turn any given financial product from a one-time service into a long-term relationship.

Global Scalability

Even though it was born in the US, Brokerage as a Service spread across the globe like a wildfire, democratizing the investing world. In areas like Africa, Asia, and Latin America, where traditional brokerage access has been limited, companies like Nigerian Bamboo, Indian Vested are now using BaaS providers to bring global equities to users who were previously shut out of the market.

Considerations and Challenges

Looking ahead, it’s easy to tell that Brokerage as a service is bound to grow explosively, but despite all its promises and shiny-looking future, BaaS is not without its complexities. One especially challenging subject is how varied the legal landscape is in each country and how difficult it is to navigate it for a BaaS provider without exposing any of their clients, or themselves, to legal risks. Security and data privacy are also key, and any company that wants to enter into the business must take the highest measures and invest in a robust cybersecurity infrastructure to avoid losing their clients’ trust.

Court Strikes Down Trump’s Emergency Tariffs, Citing Overreach

A federal court on Wednesday blocked former President Donald Trump’s sweeping global tariffs, ruling that he overstepped his authority under emergency economic powers. The decision, issued by the U.S. Court of International Trade in Manhattan, halts key levies on goods from China, Mexico, and Canada and casts doubt on the future of Trump’s controversial trade agenda.

A three-judge panel unanimously declared that Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose import duties was unlawful. The ruling targets the so-called “Liberation Day” tariffs and other emergency measures enacted earlier this year to curb fentanyl trafficking and retaliate against trade partners.

“The worldwide and retaliatory tariff orders exceed any authority granted to the President by IEEPA,” the court wrote in its opinion, issuing a permanent injunction to block their enforcement. A 10-day window was granted for administrative adjustments.

The administration quickly appealed the decision Wednesday night, leaving the status of the tariffs in limbo and signaling a likely legal battle that could reach the Supreme Court.

The court’s decision does not affect tariffs on autos, steel, aluminum, or other items imposed under separate trade laws. However, the halted duties—30% on China, 25% on select Mexican and Canadian goods, and 10% across most imports—had weighed heavily on both businesses and consumers.

Stock markets surged after the news. Dow futures climbed 500 points in afterhours trading, with broader indices also showing gains.

The lawsuit was led by libertarian legal group Liberty Justice Center and brought on behalf of small businesses, including wine importer VOS Selections. A parallel suit by twelve Democratic-led states, including Oregon, challenged the constitutionality of Trump’s unilateral tariff actions.

“This ruling reaffirms that our laws matter, and that trade decisions can’t be made on the president’s whim,” said Oregon Attorney General Dan Rayfield.

Legal experts were surprised by the verdict. “The reason it’s a surprise is that plaintiffs almost never win in challenges to presidential emergency powers,” said Gary Clyde Hufbauer of the Peterson Institute for International Economics.

Critics of the decision called it judicial overreach. “The judicial coup is out of control,” wrote Trump adviser Stephen Miller on X.

Still, the ruling was hailed as a potential turning point for small and mid-sized businesses struggling under rising import costs. “They want certainty,” said Jeffrey Schwab, lead attorney for Liberty Justice Center. “This decision offers that hope.”

The case now moves to the U.S. Court of Appeals for the Federal Circuit. If upheld, it could significantly rein in executive power on trade and reshape U.S. tariff policy for years to come.

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Trump Weighs New Russia Sanctions as Peace Memo Fails to Materialize

President Donald Trump is considering fresh sanctions on Moscow after Russian President Vladimir Putin failed to deliver a promised ceasefire proposal more than a week after a phone call between the two leaders, according to US officials.

The expected “memorandum of peace” — which Putin reportedly agreed to send outlining Russia’s conditions for halting its war on Ukraine — has yet to arrive in Washington, fueling frustration in the White House.

Trump, angered by Russia’s intensified missile and drone assaults over the weekend that left dozens dead, signaled Sunday that he might escalate pressure. “He’s killing a lot of people,” Trump said of Putin. “I don’t know what’s wrong with him.”

The president also lashed out on Truth Social, warning the Kremlin: “He’s playing with fire!”

Despite mounting pressure from both Republican and Democratic lawmakers to enact stricter penalties, Trump has not finalized any new measures. His aides say he remains concerned that harsher action could derail fragile diplomatic progress.

Still, options for expanded sanctions — including those targeting Russia’s banking system and nations buying Russian energy — remain on the table. A bipartisan Senate bill backed by over 80 lawmakers seeks to impose sweeping penalties, including steep tariffs on Moscow’s oil trade.

The diplomatic row spilled onto social media Tuesday, with Russian official Dmitry Medvedev warning Trump’s envoy Keith Kellogg of “WWIII” in response to the president’s post. Kellogg pushed back, saying the US still awaits Russia’s proposal and urging an immediate ceasefire.

Russia’s foreign ministry confirmed it is drafting a memorandum that would outline principles for ending the war, but gave no timeline. Ukraine has dismissed the move as a stalling tactic.

European leaders, once aligned with Trump’s hesitation, now appear to be losing patience. French President Emmanuel Macron said Monday he hopes Trump will “translate his anger into action.”

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Why More Kiwis Are Choosing Real Money Casinos Over Free Games

New Zealand, 26 May 2025 – A growing number of online players in New Zealand are making the switch from free casino games to real money casinos, as the appetite for authentic gaming experiences and the thrill of real wins continues to rise.

Recent trends show that Kiwi players are no longer content with demo slots and practice rounds. Instead, they are increasingly seeking out real money casinos in New Zealand that offer licensed, secure, and mobile-friendly platforms with actual cash payouts.

What Real Money Casinos Offer That Free Games Don’t

The difference between free and real money casino games goes far beyond stakes. Real money platforms offer a more complete and rewarding experience:

  • Real cash prizes: The most obvious benefit — you can actually win and withdraw real money.
  • Exclusive features: VIP programmes, cashbacks, and progressive jackpots are only available when playing with real funds.
  • Live dealer games: These immersive, studio-quality games are rarely, if ever, offered in free mode.
  • Higher-quality gameplay: Many software studios reserve enhanced features like bonus rounds and full RTP versions for real money play.

This richer gaming environment is one reason players are migrating from casual demo platforms to full-featured real money casinos.

Expert Insight: What the Data Shows

“We’ve noticed a significant increase in traffic from users searching for legitimate real money casinos in New Zealand,” says Terri Radford, site analyst at PlayCasino.co.nz. “More players are looking for platforms that are licensed, safe, and payout-focused — and they’re willing to deposit real funds for a premium experience.”

He adds: “A lot of users tell us they started on free games, but once they understood how bonuses worked, they wanted to try real money casinos. Our guides and reviews help them make informed choices and avoid risky or unlicensed operators.”

Why Real Money Casinos Are Trending in NZ

Several factors are contributing to this national shift:

  • Increased trust in online casinos new zealand platforms due to tighter global regulation.
  • Easier payments via NZ-friendly options like POLi, bank transfers, and crypto.
  • Mobile-first design, allowing seamless real money play on phones and tablets.
  • Better bonuses: Real money players can access deposit bonuses matches, free spins casinos, and exclusive promotions.

As more New Zealanders explore these benefits, the real money segment is quickly outpacing free-to-play alternatives.

How to Start Playing at Real Money Casinos Safely

If you’re ready to try real money play, here are three key steps:

  1. Choose a licensed NZ-friendly site: Look for casinos regulated by respected bodies like the MGA or UKGC.
  2. Start small: Begin with a modest deposit and use a welcome bonus to stretch your budget.
  3. Understand the terms: Bonus wagering requirements and withdrawal limits can vary.

Where NZ Players Can Find the Best Real Money Casinos

With hundreds of sites online, it can be difficult to know which casinos are safe, fair, and actually worth your time. That’s why savvy players are turning to PlayCasino.co.nz — New Zealand’s most trusted resource for discovering real money casinos.

The site offers expert reviews, comparisons, bonus rankings, and transparent safety checks, helping players confidently choose the right platform for their needs.

Whether you’re a casual player ready to make your first deposit or a seasoned gamer searching for better rewards and faster payouts, PlayCasino.co.nz makes it easy to find the best real money casinos in New Zealand.

A Broader Shift in NZ’s Online Gambling Landscape

This migration toward real money gaming reflects a broader change in how Kiwis approach digital entertainment. As mobile data gets cheaper, payment systems improve, and regulatory awareness grows, more players are embracing the full experience of real money gaming and mobile casinos — not just for the thrill, but for the genuine rewards.

Industry analysts expect New Zealand real money casino market to keep growing steadily through 2025 and beyond.

For more information or to explore the top-rated real money casinos in NZ, visit PlayCasino.co.nz.

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South Africa is Leading the Call for Responsible Gambling in African Countries

Johannesburg, 08 May 2025 –   South Africa is once again positioning itself as a leader in ethical gambling practices, with the upcoming Responsible Gambling Summit 2025 set to take place on 13–14 November 2025 at Emperors Palace in Kempton Park, Gauteng. This landmark event will gather international experts, regulators, and industry professionals to address the most pressing challenges in responsible gambling across Africa.

Hosted by the South African Responsible Gambling Foundation (SARGF) in collaboration with major regulatory bodies such as the National Gambling Board, Eastern Cape Gambling Board, and Western Cape Gambling and Racing Board, the summit aims to drive forward an evidence-based, solutions-focused agenda that ensures gambling growth does not come at the cost of public well-being.

As South Africa continues to see rising participation in both land-based and gambling online, the summit is timely. It will tackle issues ranging from technological safeguards and public health integration, to policy harmonisation and vulnerable population protection.

SouthAfricanCasinos.co.za: Advocating for Safer Online Gambling

As South Africa strengthens its role in setting responsible gambling standards, SouthAfricanCasinos.co.za remains at the forefront of this effort in the online casino space. Our portal is more than a online casino listing site — it is a trusted source of expert advice, consumer guidance, and responsible gambling advocacy.

Since our inception, we have maintained a clear policy: we only recommend licensed, regulated casinos in south africa that adhere to strict player protection measures. These include transparent terms, fair bonus practices, and built-in tools such as deposit limits, time-outs, and self-exclusion options.

“The online gambling landscape in South Africa is growing rapidly,” says a spokesperson for SouthAfricanCasinos.co.za. “But with growth comes responsibility. Our mission is to ensure players have access to safe, ethical gambling environments. We support the goals of the Responsible Gambling Summit and encourage every operator to prioritise the welfare of their players.”

Practical Frameworks for Change

The Responsible Gambling Summit 2025 will focus on seven key thematic areas:

  • Understanding gambling behaviour and disorders through science-led approaches.
  • Overcoming barriers to effective policy implementation, including gaps in education and enforcement.
  • Leveraging technology, such as AI-driven risk detection and real-time player monitoring.
  • Adopting global regulatory best practices tailored to South African realities.
  • Protecting at-risk individuals and communities, especially youth and those in lower-income brackets.
  • Educating the public on the risks of gambling and how to stay safe.
  • Building international networks to ensure future readiness and consistency across borders.

Each session is designed to lead to real-world outcomes, with progress monitored and reported biennially. This commitment to transparency aligns with broader calls for industry-wide accountability.

How Players Can Gamble Responsibly

Whether you’re new to online casinos or an experienced player, here are some essential responsible gambling tips:

  • Treat gambling as entertainment, not a way to make money.
  • Set a time limit before you start and stick to it.
  • Only gamble with money you can afford to lose.
  • Avoid playing when you are upset, stressed, or intoxicated.
  • Use built-in responsible gaming tools provided by licensed operators.
  • Keep track of your play history and regularly review your habits.
  • Seek help if gambling is no longer fun, or if it begins to impact your personal life.

At SouthAfricanCasinos.co.za, we make these practices easier by highlighting casinos that offer responsible gambling features as part of our review process. Each recommended site undergoes a thorough evaluation based on licensing, fairness, transparency, and player protection standards.

Our Commitment to the South African Gambling Community

With a growing base of South African users, SouthAfricanCasinos.co.za plays an important educational role in the online gambling space. Our platform offers in-depth guides, news updates, free bonus casinos, free spins casinos  and strategy articles designed to help players make informed decisions.

We actively follow developments in gambling regulation and work to ensure our listings are in line with the latest responsible gambling initiatives. As the conversation around ethical gambling evolves, so does our content — reflecting the high standards that South African players deserve.

South Africa’s leadership in responsible gambling sets a high standard not just for the continent, but for the global industry. By playing at casinos that are transparent, regulated, and committed to safety — such as those featured on SouthAfricanCasinos.co.za — players can enjoy the entertainment of gambling while staying in control.

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Trump Calls Putin ‘Absolutely Crazy’ Amid Escalating Strikes on Ukraine

President Donald Trump lashed out at Russian President Vladimir Putin over the weekend, calling him “absolutely CRAZY” after a new wave of missile and drone attacks on Ukraine left further destruction in their wake.

“I’ve always had a very good relationship with Vladimir Putin, but something has happened to him,” Trump told reporters, expressing rare public frustration with a leader he has long claimed to understand.

Despite mounting civilian casualties and repeated US calls for de-escalation, Moscow has pressed ahead with its grinding assault on Ukraine. The intensified airstrikes come as the Biden administration and European allies continue to push for a ceasefire — a goal Trump previously claimed he could deliver “within 24 hours” if reelected.

French President Emmanuel Macron, speaking during a visit to Vietnam, said Trump’s comments marked a turning point. “He realizes Putin has lied. I hope this shift translates into real action,” Macron said.

But history suggests otherwise. Trump has voiced discontent with Putin multiple times in recent months — from expressing outrage over civilian deaths in Kyiv to floating retaliatory economic measures — only to stop short of firm follow-through.

Asked if additional sanctions are now on the table, Trump said, “Absolutely,” though no new measures have yet been enacted by the White House.

Meanwhile, lawmakers on Capitol Hill are taking matters into their own hands. A bipartisan Senate bill, backed by 81 members, seeks sweeping sanctions that could severely undercut Russia’s energy exports. The proposal includes a 500% tariff on nations buying Russian oil — a move that could affect major global players such as China, India, and EU member states.

Such measures, however, remain controversial and risk economic blowback. Whether Trump will support the bill or maintain his hands-off approach remains uncertain.

For now, his latest rebuke adds to a growing list of condemnations with limited consequences. As the war drags on and diplomacy stalls, Trump may be signaling frustration more than strategy.

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Remote Work Offers a Lifeline for Older Workers with Disabilities, Research Shows

By Dr. Gleb Tsipursky

Remote work has become a game-changer for older individuals with disabilities, offering a solution that not only improves their employment prospects but also brings substantial economic benefits, according to a new study from the Center for Retirement Research at Boston College. Before the pandemic, many older workers with disabilities faced significant barriers to remaining employed. However, the rise of telework during COVID-19 has enabled this demographic to continue working, contributing to a more inclusive labor force.

The Economic Advantages of Remote Work for Older Workers With Disabilities

The surge in remote work has had a profound impact on the employment rate of older workers with disabilities. The new study shows that employment among individuals aged 51-64 with disabilities is now higher than pre-pandemic levels. This increase can be attributed almost entirely to remote-capable jobs, which eliminate the need for commuting and provide the flexibility needed to accommodate various health conditions. For many older workers, traditional jobs are often not feasible due to physical constraints or health-related issues. Remote work, however, offers a unique solution by allowing these individuals to work from their homes, where they can manage their workspaces and schedules to suit their needs.

Workers with disabilities who might have left the labor force or retired early are now able to stay employed longer, maintaining their income and contributing to economic productivity.

This new research aligns with an earlier peer-reviewed study published in 2023 in Disability Health Journal, analyzing employment trends for people with and without disabilities during and after the pandemic, which underscores the positive impact of telework on disability employment. While both groups experienced similar job losses during the COVID-19 recession in 2020, people with disabilities saw a faster recovery in subsequent years, especially in occupations conducive to remote work. Employment for people with disabilities grew rapidly from Q4 2021 through Q2 2022, outpacing their non-disabled counterparts, particularly in teleworkable and non-frontline roles.

This trend has far-reaching economic implications. Workers with disabilities who might have left the labor force or retired early are now able to stay employed longer, maintaining their income and contributing to economic productivity. This reduces the need for government support through programs such as Social Security Disability Insurance (SSDI) and decreases the economic burden on families and communities. Moreover, businesses benefit as well, as they can access a larger talent pool without the costs of physical accommodations often required in traditional office settings.

No wonder that disability advocates raise alarms about stringent RTO mandates, such as Amazon’s recent demand for full-time in-office work, which will seriously endanger employment for workers with disabilities, especially older workers. Such mandates belie the commitments of Amazon and other organizations with strict RTO mandates to inclusivity in their workforce, without any clear benefits for organizational outcomes, since even the most supposedly data-driven companies like Amazon acknowledge they lack data backing up RTO mandate decisions.

How Remote Work Removes Barriers for Older Workers With Disabilities

For older individuals with disabilities, remote work eliminates some of the most common obstacles, such as commuting and the physical demands of traditional office environments. These issues often force individuals out of the labor force or into early retirement. Remote work also allows workers to customize their home environment, reducing the need for costly workplace accommodations. This shift is beneficial for businesses as well, as it lowers the expenses associated with making in-office modifications.

Moreover, remote work has expanded the employment options available to people with disabilities by making jobs previously out of reach more accessible. For example, roles that require extensive travel or in-person interaction can now be performed from home, allowing workers with limited mobility to participate fully in professional settings. The ability to work from home has been especially critical for those managing chronic conditions, providing the flexibility to integrate medical needs into their work schedules.

Research also highlighted that older workers who had prior experience in remote work or had been employed recently were better positioned to capitalize on the expansion of telework. This is because familiarity with remote tools and workflows eased the transition, making it less challenging for them to adapt. By contrast, those with no prior telework experience or who had been out of the labor force for a long time saw little benefit. This gap suggests that additional support, such as vocational training or targeted job placement programs, is needed to help these individuals access the benefits of remote work.

Tight Labor Market Effects

The positive impact of telework for older workers with disabilities has been magnified by the tight labor market in recent years. As the economy recovered, the number of job openings quickly outpaced the number of unemployed job seekers. In such a scenario, businesses became more willing to offer flexible working conditions to attract talent, leading to more accessible opportunities for individuals with disabilities.

However, labor market tightness is not a permanent condition. If the labor market were to ease, there is a risk that these remote work opportunities could decline, reversing some of the gains made by this demographic group. Therefore, it is crucial for both employers and policymakers to recognize the value of maintaining flexible work arrangements to support the long-term employment of older workers with disabilities.

The positive trends seen during the COVID-19 economic recovery contrast sharply with previous recessions. For instance, during the Great Recession of 2007-2009, workers with disabilities faced disproportionately higher job losses and took longer to recover. The lack of flexible work options and a slower pace of job creation for marginalized groups meant that disability employment did not return to pre-recession levels, reinforcing a long-term downward trend.

The key difference this time around has been the accelerated adoption of remote work. This structural shift has created a more inclusive labor market, allowing people with disabilities to compete for jobs that were previously inaccessible. Telework has gone from being a niche accommodation to a mainstream employment practice, which has fundamentally altered the landscape of disability employment.

Policy Implications and the Need for Sustained Flexibility

As businesses and policymakers evaluate the future of work, it is critical to consider the role of remote work in promoting economic inclusion. The findings suggest that sustaining remote work options could have long-lasting benefits for older workers with disabilities. By continuing to offer flexible work arrangements, companies can retain experienced talent and reduce turnover costs. This approach also aligns with broader goals of diversity, equity, and inclusion by creating a more accessible workplace for everyone.

By continuing to offer flexible work arrangements, companies can retain experienced talent and reduce turnover costs.

For policymakers, these trends highlight the need to promote telework as a reasonable accommodation under disability rights laws. This includes enforcing compliance with the Americans with Disabilities Act (ADA) and ensuring that workers with disabilities have access to the technology and resources needed to succeed in remote roles. Additionally, the expansion of telework-friendly jobs could serve as a key strategy for increasing labor force participation among older workers, helping to counteract the negative demographic trends associated with an aging population.

Conclusion: A Win-Win for Workers and the Economy

The shift to remote work has been a lifeline for older workers with disabilities, transforming their employment prospects and enabling them to stay active contributors to the economy. While remote work may not be a silver bullet for all workers with disabilities, it has proven to be a highly effective tool for reducing barriers and promoting economic inclusion. However, to sustain these gains, both businesses and policymakers must commit to maintaining flexible work options and supporting ongoing research to understand the long-term impact of remote work on disability employment.

Ultimately, the future of remote work holds promise for creating a more equitable and inclusive workforce, benefiting not only older workers with disabilities but also the broader economy. By embracing the lessons learned during the COVID-19 pandemic, we can ensure that remote work continues to be a viable and valuable option for all.

About the Author

Dr. Gleb TsipurskyDr. Gleb Tsipursky was named “Office Whisperer” by The New York Times for helping leaders overcome frustrations with hybrid work and Generative AI. He serves as the CEO of the future-of-work consultancy Disaster Avoidance Experts. Dr. Gleb wrote seven best-selling books, and his two most recent ones are Returning to the Office and Leading Hybrid and Remote Teams and ChatGPT for Leaders and Content Creators: Unlocking the Potential of Generative AI. His cutting-edge thought leadership was featured in over 650 articles in prominent venues such as Harvard Business ReviewFortune, and Fast Company. His expertise comes from over 20 years of consulting for Fortune 500 companies from Aflac to Xerox and over 15 years in academia as a behavioral scientist at UNC-Chapel Hill and Ohio State. A proud Ukrainian American, Dr. Gleb lives in Columbus, Ohio.

House Passes Sweeping GOP Tax and Spending Plan, Eyes Senate Showdown

The House of Representatives on Thursday narrowly approved a sweeping Republican tax and spending package that slashes billions from safety net programs, while cementing former President Donald Trump’s signature tax cuts and introducing a host of new conservative policy goals.

Described by Trump as his “one big, beautiful bill,” the package faces a tough road ahead in the Senate, where Republicans aim to use budget reconciliation to bypass Democratic opposition.

The legislation would make permanent the individual income tax breaks from the 2017 Tax Cuts and Jobs Act and introduce temporary tax reliefs for tips and overtime pay, key Trump campaign promises. According to the Congressional Budget Office, the tax components alone would add $3.8 trillion to the national debt over ten years.

At the same time, the plan demands deep spending cuts. Medicaid would lose nearly $700 billion in federal funding, while food stamp support would shrink by $267 billion. The Medicaid overhaul includes strict new work requirements for adults ages 19 to 64, accelerating implementation to 2026 and mandating biannual eligibility checks.

Critics warn that millions could lose coverage. A CBO analysis projected an additional 8.6 million uninsured Americans by 2034 if the changes take effect.

Other provisions penalize states that offer Medicaid coverage to undocumented immigrants, limit the use of provider taxes, and delay streamlined enrollment rules until 2035. In a nod to non-expansion states, the bill offers more generous hospital payments, incentivizing them to avoid expanding Medicaid access.

On the tax side, the bill temporarily boosts the child tax credit to $2,500 per child, introduces a $4,000 deduction bump for seniors, and adds a car loan interest deduction capped at $10,000 per year. A new “Trump account” savings plan would grant newborn U.S. citizens a $1,000 government credit between 2025 and 2028.

High earners are excluded from the breaks on tips, overtime, and some deductions. Yet, the package still offers lasting benefits to wealthier Americans, including an expanded estate tax exemption and a bolstered pass-through business deduction.

The measure also addresses longstanding GOP priorities such as increasing border enforcement, launching a new missile defense shield, and overhauling the air traffic system. Notably, it raises the cap on state and local tax (SALT) deductions to $40,000 for households earning under $500,000, offering relief to taxpayers in high-tax states.

The Senate is expected to revise many of the House’s provisions in the coming weeks. The clock is now ticking for Republicans to strike a balance between fiscal ambition and political feasibility.

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5 Best Financial Data Providers

Financial data providers collect, consider and deliver trending information relevant to crypto exchanges and the stock market. What makes one better than the next? Several factors contribute to finding the best financial data provider to suit your needs. Here is a list of the top enterprises available to financial institutions, hedge fund managers, and other major economic players.

1. Amberdata

Amberdata provides end-to-end institutional-grade crypto and digital asset infrastructure solutions. These enable its customers to act decisively after insightfully unlocking valuable opportunities within the digital assets and crypto markets. With access to reference data and live and historical price data trusted by Nasdaq, Coinbase, Citi, and other major financial brands, institutions have intelligence covering every part of the trade life cycle.

Amberdata offers numerous financial solutions, including risk and portfolio management, regulatory compliance, tax management solutions, analytics, digital assets, and crypto data. The data provider allows you to grow and scale sustainably using its integrated suite of solutions that cut out fragmented system inefficiencies. It has also received several awards, including the Best Crypto/Digital Assets Offering and the Best Embedded Data Analytics Solutions in the USA, establishing it as one of the best financial data providers globally.

Key Benefits

  • More than a data provider: Amberdata produces global infrastructures for digital assets.
  • Ease of access: With Amberdata, you’ll experience the most thorough, easy-to-consume available datasets alongside around-the-clock support.
  • Expansion beyond institutions: As an individual, you can purchase a couple of monthly exchanges’ worth of data via credit card.
  • Varied solutions: Amberdata offers solutions for enterprise information, market intelligence, research, risk and portfolio management, tax and regulatory compliance management, analytics and predictive insights, security, and referencing.

2. Bright Data

Although more renowned for its ISP proxy services, Bright Data offers a range of financial data solutions. These include financial datasets allowing users to gain insights into stock market trends, economic indicators and public company financials, as well as cryptocurrency datasets that improve investment understanding, mitigate risks and enhance portfolios with precise crypto data.

Bright’s ethical data collection and provision are fully compliant and authenticated by advanced technology and quality assurance processes. Its scalable solutions provide datasets to over 20,000 customers globally and include blockchain data, crypto pricing, high-low prices, open-close prices, volumes traded, and EPS.

Key Benefits

  • Tailored data solutions: Bright Data offers more than financial solutions, with proxy networking, scraping solutions, and managed data collection.
  • Customized datasets: The variety of customized datasets includes coin values, dividend yields, price to earnings, trade volumes, and more.
  • Allows focus on analysis: Bright’s platform handles information collection through automated data flow, validation, and constant updates, allowing you to concentrate on the study.

3. Bloomberg

Bloomberg’s financial data platform Bloomberg Terminal has been at the cutting edge of innovation since 1981, providing access to economic data, trading tools and news from any online device. You can use the terminal to manage your portfolio, watch your investments and make any required adjustments to maximize returns.

Its facilities can create custom watchlists and trigger price change alerts while analyzing various asset and security classes. Bloomberg’s portfolio analytics combines a service model with actionable data that will admirably and effectively cater to your financial data needs.

Key Benefits

  • Relationship building: The in-platform messaging system on the terminal directly links to others within the investment community, connecting with investors at other firms while maintaining compliance.
  • Customer service: Bloomberg’s support is extensive and wide-reaching, with the ability to set up one-on-one appointments, sometimes physically at your location.

4. InfoTrie

InfoTrie is one of the leading financial data providers for alternative intelligence, focusing on assessing and analyzing e-commerce datasets to provide interactive data discovery models to inform your decision-making. The provider allows you to optimize and sell internationally by giving you strategic options through customized analytical filters and adjusted AI/ML models.

Standard financial data packages cover several types, including end-of-day (EOD), financials, fundamental sets, company profiles and corporate actions. InfoTrie’s EOD datasets allow you to access worldwide company stock prices, volumes, options and other details. Corporate actions datasets provide dividend, stock split, acquisition and merger data to assess corporate stock impacts. Fundamental data offers income statements, balance sheets, cash flows and key financial ratios to assist with making informed investment decisions.

Key Benefits

  • Alternative datasets: With a strong focus on alternative datasets, InfoTrie offers a standout benefit in the economic world.
  • Global coverage: InfoTrie has a global dataset spanning over 100 nations, meaning you can readily access actionable information to assist in strategic decisions.
  • Sentiment analysis: Advanced analytics tools make sentiment tracking to understand market trends seamless.

5. Daloopa

Daloopa assists in building and updating your fundamental data through automation to save hours in manual research. With quicker views of updated and aggregated peer data, the Daloopa models give you access to opportunities faster than you may otherwise obtain them.

Customers can choose how in-depth their data dives are with the provider’s Free, Standard and Plus plans. For example, the free option affords you up to three sheet downloads, but you can only access quick full updates, key metrics and real-time data statuses by upgrading.

Key Benefits

  • Extensive resources: Resources include a blog, a podcast, videos, white papers, and other informative updates for industry professionals.
  • Industry models: Daloopa provides over 30 industry models and 3,500+ datasheets of individual businesses to help you navigate the analysis process successfully.

Financial Data Provider Comparison

Provider Range Solutions Demo
Amberdata Vast Extensive Available on request.
Bright Data Vast Varied — Not all financial Free trial available.
Bloomberg Vast Terminal Access Available on request.
InfoTrie Broad Alternative data. Limited traditional. No details available.
Daloopa Broad Three solutions. Available on request.

Finding a Financial Data Provider That Suits You

The best financial data providers offer impressive data ranges with seamless access and regulatory-compliant solutions. Depending on your financial sector, some may suit your needs better than others. One thing is certain, though — there is a data provider who will ensure access to essential financial data you can count on.

Will America Regret Loss of Hegemonic Status? 

By Nick Redman

As global leadership fractures, Nick Redman examines the implications of America’s inward turn. With Trump abandoning international norms and alliances, the United States may be forfeiting its hegemonic status. Redman asks whether this gamble will preserve American power—or hand global influence to rivals like China and a waiting world. 

Ever since the end of the Second World War, the United States has enjoyed hegemonic status, the pivotal actor in a global system that it largely devised, including a dense network of international organisations, treaties and defensive alliances. Over time, its share of global wealth, trade, investment and military power has shrunk. This happens to all hegemons and leads eventually to them being displaced. Yet in important parts of the world, from Europe to Africa, Trump appears to be surrendering US hegemony voluntarily. Historically, this has no recent precedent. Trump believes US hegemony has served other nations more than his own, and so radical changes are needed. The key question is whether these will preserve the US as the most powerful country on earth, or whether it will hasten its decline.  

Primacists versus isolationists  

The president’s team of advisers are far from united over the direction of travel, with isolationists and primacists vying to promote their agendas and set the course for US policy. Isolationists want the US to withdraw from much of the world and erect high tariff and physical barriers around America. Primacists want to remain internationally engaged, somewhat, but radically to reorder relations between the US and its allies in line with ‘America First’ principles. Another group, standing somewhere between the two, want to focus US efforts on countering and containing China. Trump insists that his country should remain pre-eminent. But there’s a problem. He wants to draw all the benefits of hegemony without having to bear the associated costs. As with many of his objectives, these are difficult – and perhaps ultimately impossible – to reconcile. The risk for the administration is that it will leave America economically weaker domestically and much-diminished internationally. 

Throughout history, hegemons have rarely ceded power – they tend to get knocked off their perches. In promoting the ‘America First’ agenda, Trump is willingly withdrawing from the world geographically and from spheres of engagement, such as development finance, security cooperation and global decarbonisation efforts. His focus instead is on reviving America’s industrial fortunes, protecting her borders from illegal migrants, and limiting US foreign engagement to areas of the world, such as the Gulf and Asia-Pacific regions, that best serve its economic and security interests.     

Tariffs play into China’s hands  

The primacists are reluctant to relinquish America’s hegemonic status, not least because they see retreat as largely benefiting principal rival China – which they want to confront and contain. But the America First-driven tariff hikes have alienated Europe and unsettled much of the developing world, particularly Africa and South-East Asia,  creating opportunities for Beijing to both cement and extend its influence. President Xi Jinping lost no time in seeking to do so. His recent tour of Vietnam, Cambodia and Malaysia – some of the fastest-growing economies in the region – sought to court and reassure Asian states facing hefty American tariffs. Xi’s message was essentially that China won’t close the door on them and will remain the defender of an open global trading system. 

While the US tariff hikes have generated all the headlines, a swathe of other isolationist measures are further eroding bilateral and multilateral relations with longstanding partners and allies, undermining the primacists’ cause. The administration’s suspension of USAID, withdrawal from the World Health Organisation and the Paris Climate Agreement, and proposed cutting of funds for international peacekeeping operations, could make it even harder for primacists to build alliances to counter China geopolitically. Trump’s ability to attract allies to its cause are undermined by tariffs, his penchant for autocrats and threats to annex Canada and Greenland.  

Africa and Europe look to China  

Moreover, there’s a risk that many countries will rather choose to become less reliant on the US and pivot towards China, which today has a larger share of global trade than America. Europe, though wary of China’s anti-competitive trading practices and human rights record, sees scope for cooperation with Beijing. Kenya has already signaled that it wants closer ties, South Africa too and other African countries may well follow, looking to boost their exports to Chinese markets. China is already ahead of America in the race for Africa’s critical minerals and its lead could now grow, which should concern US isolationists and primacists alike, as these commodities are key components of advanced technologies in American civil and defence industries.   

The primacists’ ability to repair the diplomatic damage, and maintain some semblance of US global authority, could be frustrated by the isolationists’ ongoing attempts to neuter America’s foreign affairs expertise and soft power. Efforts are underway to effectively close independent, congressionally-funded US foreign policy think tanks, the Wilson Centre and the US Institute for Peace. Funds for Voice of America and Radio Free Europe have been frozen. And there are apparent plans for deep cuts to the State Department, threatening hundreds of agency offices and staff , with a number of embassies and consulates in Europe and Africa in the firing line.  This comes on top of the state department’s loss of over ten per cent of its foreign affairs specialists in the first year of Trump’s first administration.  

Lack of skills to strike deals and resolve conflicts 

The weakening of America’s diplomatic heft could work against the isolationists’ own interests, as they seek to wring concessions from trading partners and resolve longstanding conflicts that they no longer wish to be involved in. Trump insists that scores of countries are rushing to do deals with the US. But the economic powers that matter, such as the EU, Japan, Canada, and certainly China, will prove more of a challenge, requiring precisely the diplomatic expertise Trump seems happy to dispense with. Already, that expertise has been sorely lacking as the administration struggles to secure a resolution of the Ukraine conflict and an end to the Gaza war. With both, there have been miscalculations that suggest geopolitical naivety, at best, and craven bias, at worst.  

The trouble for isolationists and primacists is that American diplomacy under the mercurial Trump can be unpredictable. Indeed, there’s a risk that the president’s whims, especially his affinity for strong, autocratic leaders, will frustrate or even derail foreign policy objectives, especially with regard to China. They may not be on good terms right now, but Trump has expressed admiration for President Xi in the past. That admiration might return if Xi were to offer face-to-face talks over tariffs. Direct meetings with Putin led to Trump essentially adopting Russian talking points on the Ukraine war. So, it would be unwise to bet against the US leader going rogue and striking a deal with Xi that is more favourable to China than either isolationists or primacists would have wanted. 

Limited appetite for reshoring 

Domestically, it’s too early to say whether Trump’s leveraging of tariffs will secure the economic outcomes he seeks, principally the revival of American manufacturing. Currently paused, with the exception of those against China, tariffs are blunt tools, which risk doing more harm than good to the economy, even possibly tipping the US into recession. They might raise some revenue for tax cuts and constrain access to American markets to help domestic industries. But any such benefit could be outweighed by their fueling of inflation – which most Americans anticipate – and business uncertainty. This plus high labour costs, expensive inputs (made more so by tariffs) and skills shortages may deter multinationals from reshoring. Nearly half of companies questioned in a CNBC supply chain survey  said moving manufacturing back to America would nearly double their costs. And most said that if they were to reshore, they would favour automation over workers. 

If Trump’s America continues to shed responsibilities accumulated over decades and to disrupt global trade, politics and security, there will be a growing interest in how the global leadership gap might be filled. There is no power able or willing to be a like-for-like substitute. But Europe and China, if they can reach a modus vivendi over trade, despite the risk of Chinese goods being dumped on European markets and triggering a global tariff war, could cooperate on several fronts. These include trade, global health, development and decarbonisation. How might Trump then respond? To see others leading would be a new, unsettling experience for American decision-makers. Once they drove conversation around global policy. Now they may not even be invited into the room. Future US governments may seek to bolster alliances and refashion the instruments of soft power destroyed in the first 100 days. But they will discover that building or rebuilding takes years of patient investment; and the world might not wait.

About the Author

Nick RedmanNick Redman is Director of Analysis at Oxford Analytica and Editor-in-Chief of the Daily Brief, which provides analysis of emerging trends and developments in the global political economy every working day.  

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