Content Types
- Tech
App Annie Settlement Signals Closer Scrutiny of Data Brokers
The Securities and Exchange Commission’s $10 million settlement this week with an analytics firm suggests regulators are taking a harder…
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FDA panel recommends Pfizer’s COVID-19 booster for 65 and older, but not for the general public
A group of advisors to the Food and Drug Administration on Friday reframed a proposed approval of BioNTech and Pfizer’s…
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Dow, S&P 500, Nasdaq slump as U.S. stocks erase week-to-date gains amid ‘quad witching’ and weak consumer-sentiment reading
U.S. stock benchmarks are under selling pressure Friday, with bearish momentum gathering steam into the afternoon, as a reading on…
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WHO warns lack of COVID-19 vaccine supply in Africa could make it breeding ground for new variants and ‘send the whole world back to square one’
The World Health Organization made another urgent plea to developed nations to make a greater effort to get vaccines against…
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Crypto hackers in US government firing line as new sanctions planned
The Biden administration is preparing an array of actions, including sanctions, to make it harder for hackers to use digital…
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Credit Suisse hires Rothschild’s Shakhmin to boost London dealmaker team
Credit Suisse has hired a senior banker to lead its diversified industrials coverage in Europe, as the Swiss bank looks…
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U.S. consumer sentiment mired at near decade lows, University of Michigan Survey finds
The numbers: The University of Michigan’s gauge of consumer sentiment rebounded slightly to a preliminary September reading of 71 from…
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Nursing homes are now facing a COVID resurgence, and a staffing shortage will only make it worse
Kathy Pacheco’s photographs tell the story of her husband’s life in a Philadelphia nursing home. In one photo, Joe Pacheco…
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Trading Places: Goldman’s new CFO, crypto trader joins health firm, Deutsche Bank hires banker trio
It’s been quite the week over at Goldman Sachs. After a 28-year stint at the bank in various roles, Stephen Scherr…
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UBS promotes leveraged finance dealmakers as Mackey switches to investor relations
UBS has promoted two senior dealmakers to lead its leveraged finance business in Europe, after former head Sarah Mackey moved…
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Citigroup bolsters Paris trading floor in post-Brexit battle for talent
Citigroup is expanding its trading hub in Paris, the latest sign of US investment banks stepping up their presence in the French capital…
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Five things in crypto this week: Binance, NFTs and Coinbase
In another busy week for cryptocurrencies, Binance, dogecoin and non-fungible tokens took the spotlight. As regulators continue to clamp down…
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Job hunting? There may be a case for putting your vaccination status on LinkedIn
As someone who’s been working in the recruiting and talent acquisition industry for two decades, Dustin Mazanowski knows how important…
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Match Group Hopes for Savings From Looser App-Store Payment Rules
Online-dating company Match Group Inc. is working to sidestep Apple Inc.’s and Google’s payments systems following moves by authorities in…
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Invesco in discussions to merge with State Street’s asset management business
Invesco is in talks to merge with State Street’s asset-management business, people familiar with the matter said. A deal isn’t imminent, and…
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Revolut pays in bitcoin for new WeWork office space
Fintech firm Revolut is the first WeWork member company to sign for its latest new workspace in cryptocurrency. The challenger bank will use…
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Goldman’s just created an equity ETF targeting future tech leaders
A list of dominant tech companies will look ‘very different’ a decade from now, says Goldman’s Katie KochGoldman Sachs Group…
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Retail sales surge in August despite spread of delta, signaling U.S. economy is still strong
The numbers: Sales at U.S. retail stores rose sharply in August in sign that Americans continued to spend gobs of…
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Scientists continue to say there isn’t enough evidence to support giving COVID-19 boosters to all Americans
The U.S. is days away from President Joe Biden’s target date to begin rolling out COVID-19 booster shots to Americans…
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Coinbase applies to join crypto futures market
Cryptocurrency exchange Coinbase has filed an application to be approved as a futures provider, as it seeks to join the…
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U.S. passes grim milestone as 1 person in every 500 has now died of COVID, as a debate about the need for booster shots heats up
The U.S. passed another grim milestone in the coronavirus pandemic on Thursday, when the number of fatalities from COVID-19 passed…
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Monzo launches buy now, pay later product in Klarna rivalry
Digital bank Monzo has launched its own buy-now-pay-later tool, entering the nascent credit market as rivals such as Klarna fall…
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Citi appoints global head of new business ventures for commodities team
US bank Citi has beefed up its commodities team as it appoints a new as global head of new business…
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Job hunters are putting their vaccination status on LinkedIn and résumés. Should you do the same?
As someone who’s been working in the recruiting and talent acquisition industry for two decades, Dustin Mazanowski knows how important…
Read More » - Finance
Why regulators must open up their data to the City
Opening up regulatory data to the public sounds radical, doesn’t it? But there are strong precedents that show it’s technically…
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Binance CEO eyes restructure to quell regulators’ concerns
Cryptocurrency exchange Binance is to restructure itself around a single centralised business, after regulators voiced concerns that they could not…
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U.S. jobless claims shoot higher after Hurricane Ida, but still near pandemic low
The numbers: Applications for U.S. unemployment benefits rose in early September one week after falling to a pandemic low, but…
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HSBC Asset Management appoints new senior portfolio manager
HSBC’s asset management arm has appointed a new senior portfolio manager on its emerging markets debt investment team. Caroline Keany,…
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Here’s why the SEC could take aim at stablecoins
The country’s top securities cop is talking tougher on cryptos, especially stablecoins, “staking,” and lending services. Democrats, meanwhile, appear keen…
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UK crackdown on risky trading threatens meme-stock platforms ‘constantly tempting consumers’
The FCA is tightening its grip on high-risk investments in a move experts fear could hit trading platforms offering people on…
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Ex-crypto hedge fund manager gets prison sentence for securities fraud
A cryptocurrency hedge-fund manager who lied about returns on his $90m fund and siphoned money from its accounts to cover…
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Rothschild appoints former top UK civil servant Lord Sedwill to board
Rothschild & Co has elevated the UK’s former top civil servant to its board, as the independent investment bank unveiled…
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Lagardere Welcomes Planned Stake Acquisition by Vivendi
By Mauro Orru Lagardere SA has welcomed plans from Vivendi SE to buy a stake held by activist investor Amber…
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S&P 500 scores best daily gain in almost 3 weeks despite ‘stomach-churning days’ for stock market
U.S. stock indexes finished on higher ground Wednesday, helped by surging energy stocks and positive economic data, even as investors…
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Will high inflation kill the bull market in stocks? History says probably not
U.S. inflation didn’t run as hot as expected in August, but remains elevated and a source of worry for investors…
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Alaska joins Idaho in rationing health care as hospitals are packed with COVID patients, and WHO says Africa is being left behind in vaccine push
The biggest hospital in Alaska has joined hospitals in northern Idaho in starting to ration care, as it has become…
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Drive-through drinks company Dutch Bros.’ shares jump 60% in their trading debut
Shares of Dutch Bros., a Grants Pass, Ore.-based purveyor of coffee and other hot and cold drinks, soared 60% soon…
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Wall Street sees as much as 70% upside for these highly rated energy stocks in rally mode
Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in…
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Investment Association adds seven to board, but doesn’t know if it has met ethnic diversity target
The UK’s trade body for asset managers has added a cohort of heavyweight industry executives to its board, but remains…
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Peel Hunt plans IPO on AIM after bumper year
City broker and small and mid-cap focused investment bank Peel Hunt intends to float on London’s AIM market after a…
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PwC’s working class employees paid 12% less than peers
Big Four audit firm PwC UK has said that 14% of its staff come from working class backgrounds and tend…
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Short-selling stocks — and trying to play short squeezes — can be very dangerous
Investing and trading are two completely different activities. If you are new to either or haven’t delved into the mechanics…
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Goldman Sachs’ dogecoin millionaire re-emerges at UK healthcare company
A Goldman Sachs managing director who quit the bank after reportedly making millions trading cryptocurrency has re-emerged in a new…
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Here’s why Robinhood is going on a college tour
Robinhood Markets, the go-to trading app for young investors, wants its user base to get even younger. The digital brokerage…
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Goldman acquires speciality lender GreenSky in $2.2bn deal
Goldman Sachs is buying speciality lender GreenSky Inc. for $2.2bn, striking a deal it hopes will further its reinvention from…
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New York manufacturing activity soars in September, Empire State factory index shows
The numbers: The New York Fed’s Empire State business conditions index surged 16 points to 34.3 in September, the regional…
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Goldman Sachs names Denis Coleman new CFO as 30-year veteran Scherr retires
Goldman Sachs named the co-head of its global financing group as its new chief financial officer, as Stephen Scherr steps…
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Morgan Stanley aims to expand in debt capital markets, says COO Pruzan
Morgan Stanley is set to grow its debt capital markets and leveraged finance business as revenues in the sector have…
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JPMorgan hunts online investing growth as new execs hired
JPMorgan Chase is hiring two executives to revamp its online investing product, which has lagged behind rival internet brokerages during…
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Ex-Wise employees raise $10m to build Europe’s answer to Robinhood
Two former employees of British fintech firm Wise have raised $10m to fund Europe’s answer to Robinhood, bringing on board…
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