marketwatch
- Finance
Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a…
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Yellen urges Congress to raise or suspend the debt limit by Aug. 2
Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary measures” on Aug.…
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Slaughter and May boosts first-year lawyer salaries to £100,000
Magic Circle law firm Slaughter and May has bumped salaries for its first year lawyers to £100,000. Salaries for newly…
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Trading Places: Barclays’ massive shake-up; Goldman’s Shelley jumps to Stanhope
The race is well and truly on to stop junior bankers upping sticks after a tough pandemic. Banking’s long-hours culture…
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Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
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UniCredit shakes up investment bank leadership as Orcel streamlines management
UniCredit has unveiled a new leadership team for its corporate and investment bank, eliminating some senior roles as the bank…
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Rising Rents Threaten to Prop Up Inflation
Kaitlin Cindrich is facing a $200 monthly increase in rent this August if she and her husband can renew their…
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Barclays hires Hengster to lead German unit as shake-up continues
Barclays has hired a dealmaker as chief executive for its German operation as the UK lender continues to shake up…
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The National Labor Relations Board grants a reprieve to inflatable rats.
It turns out that inflatable rodents may be as unstoppable as their living, breathing cousins. On Wednesday, the National Labor…
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Housing, alcohol and weed: Canadians’ pandemic spending habits are changing how inflation is measured
Breadcrumb Trail Links News Economy Overhaul could bolster confidence in a number some say has little relationship with everyday life…
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View: How lockdown proved the M&A defeatists wrong
“Everything ground to a halt, full stop,” recalls an M&A adviser as the pandemic struck. When global lockdowns came into effect…
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Senators and Biden Aides Struggle to Save Bipartisan Infrastructure Deal
WASHINGTON — Congressional negotiators and the Biden administration tried on Monday to salvage a nearly $600 billion bipartisan agreement to…
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‘We fought the pandemic in the most costly way’: The huge economic and social toll from governments’ failure to prepare
Breadcrumb Trail Links Retail & Marketing News Economy Episode 111 of Down to Business podcast Author of the article: Gabriel…
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UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
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Nomura hikes junior pay to $100,000 as talent war heats up
Nomura bolstered entry-level investment banker salaries to $100,000, mirroring moves by Wall Street banks in recent weeks as the battle…
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Fidelity says 80% of investors want crypto in portfolios: ‘Regulation is coming’
Nearly eight in 10 institutional investors say that digital assets such as cryptocurrencies should form part of a portfolio, according…
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Crypto causes ‘severe damage’ to investor ESG credibility, says Candriam
Significant direct investment in cryptocurrencies by asset managers or large institutional investors can cause “severe damage to [their] environmental, social…
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Is there a recipe for a ‘perfect business’? Stock analysts are sceptical
The idea of the “perfect business” — I was sceptical but listened to the elaboration. A perfect business requires no…
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Fed’s Mary Daly says tapering of bond purchases may start this year
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16,…
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Boutique Stifel follows Wall Street rivals with $100,000 salary for juniors
Boutique investment bank Stifel has joined larger rivals by increasing pay for entry-level jobs to $100,000 as the sector faces a…
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Stock picking fund managers see bargains as markets digest ‘living with Covid’
The spread of the Delta variant of Covid-19 sparked stock market tumbles on 19 July — while the pound posted a five-month low against the…
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The emerging solidarity economy: A primer on community ownership of real estate
About the Authors Tracy Hadden Loh Fellow – Metropolitan Policy Program, Anne T. and Robert M. Bass Center for Transformative…
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London ranks top for European IPOs in bumper start to 2021
The London Stock Exchange has clung on to its title as the top performing European exchange for IPOs, despite a…
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Peppa Pig has American kids hamming it up with British accents
California kindergartner Dani stunned her parents in May when she addressed her mom, who said she was going to the…
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Yellen Says China Trade Deal Has ‘Hurt American Consumers’
WASHINGTON — Treasury Secretary Janet L. Yellen has cast doubt on the merits of the trade agreement between the United…
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Postmortem: Macklem’s new dashboard
Breadcrumb Trail Links News Economy Financial Post columnist Kevin Carmichael, editor of the FP Economy newsletter, unpacks the week in…
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Portraits of Kolkata’s Rickshaw Pullers
It was still dark when I met Mohammed near the central market in Kolkata, the capital of the Indian state…
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Hancock: ‘I knew Cummings wanted me fired’
Matt Hancock knew that Dominic Cummings wanted him fired during the pandemic, the health secretary told MPs. Appearing before a committee tasked…
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ECB stays dovish as stimulus set to continue
The European Central Bank said it would keep its aggressive monetary stimulus in place despite mounting evidence of a vigorous…
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UBS sheds light on diversity in its UK operation for the first time
Nearly 40% of UBS’s UK graduate population in 2020 are from ethnic minority backgrounds, according to the firm’s first ever diversity report in…
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UK and US mull new economic models ahead of possible trade deal
The UK and US governments will form a research group to look at whether new economic models are possible, as the…
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Elon Musk has ‘no role’ in council of bitcoin miners
Tesla billionaire and cryptocurrency advocate Elon Musk is no longer involved with an industry group of bitcoin miners that he…
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State Street sets ‘extremely high bar’ for crypto ETFs: ‘Until we’re comfortable, we will not launch’
State Street’s exchange traded funds business is considering how it can tap into growing client demand for cryptocurrencies such as…
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SIX exchange wins big at FN’s Trading & Tech Awards 2021
Swiss stock exchange group SIX scored two top prizes in this year’s Financial News Trading & Tech Awards after completing a…
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Law firm Charles Russell Speechlys pursues celebrity fintech Lanistar over unpaid debt
Celebrity fintech Lanistar is being pursued by a law firm over an unpaid debt, marking the latest blow in a series…
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Europe’s asset management trade body elects Candriam CEO as president
The trade body representing Europe’s €27tn fund management industry has named Candriam chief executive Naïm Abou-Jaoudé as its next president.…
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Bitcoin jumps as Elon Musk tweets Tesla will resume transactions once crypto is greener
The price of bitcoin jumped and flirted with $40,000 after Tesla’s chief executive Elon Musk tweeted that his company will…
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IHS Markit’s Lance Uggla: ‘The phone rang — it was S&P Global’
Towards the end of last year, Lance Uggla was on the verge of striking the biggest deal of his career.…
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Aviva Investors lines up more job cuts as equities chief exits
Aviva Investors has begun redundancy consultations with fund managers across its equities division as the £365bn investment house focuses more…
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UBS names Roberts as new head of European activist defence
UBS has promoted a senior dealmaker to lead its activist defence unit in Europe, following the departure of former boss…
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Crypto outflows surge for second week running, Coinshares reports
Digital asset investment products faced a second consecutive week of outflows totalling $21m, with ether representing more than 50% of…
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Treasury’s John Glen talks up ‘green shoots’ of UK’s economic recovery
There are “green shoots” of recovery across the economy, according to a leading Treasury official, as the government looks to…
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UK health secretary Sajid Javid tests positive for Covid
The UK’s new health secretary Sajid Javid has tested positive for the Covid-19 virus. In a statement posted on social network…
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As New York Reopens, It Looks for Culture to Lead the Way
Broadway is planning to start performances of at least three dozen shows before the end of the year, but producers…
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Linklaters hits back at sexual harassment claims as employment tribunal begins
A barrister representing City law firm Linklaters and one of its former senior staff members has denied accusations at an…
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HSBC reshuffles top team as $50bn alternatives push takes off
HSBC’s fund management arm has created a new division that will bring together 150 staff and alternative assets representing more…
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Ex-Barclays chief’s fintech turns to BlackRock, JPMorgan as investors
The fintech startup of former Barclays chief executive Antony Jenkins has raised a fresh round of capital, bringing on board…
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Invesco star fund manager duo to retire from fixed income team
Two star fixed income managers are set to leave Invesco at the end of the year, ending a partnership spanning more…
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London, Paris and Frankfurt: Five charts tracking the return to work
When Prime Minister Boris Johnson announced distancing would stay in place for another month, those itching to get back into the…
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Ex-Linklaters tech head denies sexually harassing junior contractor
The former head of law firm Linklaters’ technology business has told an employment tribunal he did not sexually harass a…
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