- Zepz, a $5 billion fintech unicorn, is laying off more staffFinance - 7 days agoZepz, which is backed by TCV, Accel, Leapfrog and other major VCs, told CNBC exclusively that it laid off 30 roles across its people and marketing functions.
- SEC meets with Grayscale, BlackRock about potential bitcoin ETFsFinance - 6 days agoThe regulator said in a memo that it met with Grayscale on Thursday about the potential conversion of the Grayscale Bitcoin Trust into an ETF.
- Stock trading platform Robinhood to launch in UK after two failed attemptsFinance - 7 days agoRobinhood hood said Thursday that it’s set to launch its platform in the U.K., in the company’s third attempt at cracking international expansion.
- Fed Chair Powell calls talk of cutting rates 'premature' and says more hikes could happenFinance - 5 days agoFederal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead.
- Wall Street CEOs say proposed banking rules will hurt small businesses, low-income AmericansFinance - 1 hour agoThe heads of America’s largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.
- Not saving in your 401(k)? Your employer may re-enroll youFinance - 5 days agoMore companies are doing 401(k) “reenrollments” every year. Workers who elected not to participate may have to opt out again.
- Robinhood CEO defends payment for order flow, says practice is 'here to stay'Finance - 3 days agoThat’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.
- What one Swiss bank's troubles can tell us about market vulnerabilities — and social mediaFinance - 6 days agoThe share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single client.
- Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listingsFinance - 22 hours agoA new group of Asia-based companies are contemplating IPOs in the U.S., where international listings were once driven mostly by Chinese startups
- There's now a juiced-up way to get 4 times the return of the S&P 500 — but it comes with many risksFinance - 1 day agoBMO announced the launch of the Max SPX 500 4x leveraged ETNs, which will be the highest leveraged exchange traded products in the U.S., according to CFRA.
- Return to office is ‘dead,’ Stanford economist says. Here’s whyFinance - 3 days agoThe share of workers being called back to the office has flatlined, suggesting remote work is an entrenched feature of the U.S. labor market.
- How a tax break of up to $3,200 can help heat your home more efficiently this winterFinance - 6 days agoHomeowners can write off 30% of costs for upgrades such as installing energy-efficient doors, windows and insulation, up to a dollar cap.
- Jamie Dimon says JPMorgan Chase would exit China if ordered toFinance - 1 week agoGrowing geopolitical tensions, fueled by wars in Ukraine and Israel, have raised concerns that China could move to annex Taiwan.
- Manchester United set to confirm 25% stake sale to petrochemicals billionaire Ratcliffe: ReportFinance - 1 day agoManchester United will next week announce that U.K. petrochemicals billionaire Jim Ratcliffe will take a 25% stake in the soccer club, Sky News said Monday.
- A 401(k) rollover is 'the single largest transaction' many investors make, expert says. What to know before doing itFinance - 1 day agoA rollover may be the largest financial transaction a household ever makes. There are pros and cons to consider.
- Job data suggests ‘soft landing’ is increasingly likely, economists sayFinance - 1 day agoJob openings pulled back in October while hires, quits and layoffs stayed steady, pointing to a nearly balanced labor market, economists said.
- Fed is 'disconnected' from reality, must cut rates 5 times next year, portfolio manager saysFinance - 1 day agoThe Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the economy into a recession, according to a portfolio manager.
- Watch Federal Reserve Chair Jerome Powell speak live in Atlanta on policyFinance - 5 days agoFederal Reserve Chairman Jerome Powell speaks Friday to an audience at Spelman College in Atlanta.
- China consumption shows 'no sign' of a strong V-shaped recovery, McKinsey saysFinance - 6 days agoChina’s consumer isn’t going to be spending big anytime soon, which means companies need to be more strategic to tap the massive market, according to McKinsey.
- Munger and Buffett were unable to pull off one last deal together using Berkshire's $157 billion in cashFinance - 6 days agoMunger, who died Tuesday at age 99, said an elephant-sized deal may have to be done by the next generation of leaders at the conglomerate.
- Goldman Sachs is betting on the small cap rally. Here's how.Finance - 20 hours agoSmall cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the exchange-traded fund space.
- 'The Psychology of Money' author Morgan Housel gives advice to investors afraid of market downturnsFinance - 3 days agoFinancial writer Morgan Housel, author of the new book “Same as Ever,” discussed the importance of “realizing the inevitable.”
- Case for gold fever: NewEdge Wealth sees record rush intensifyingFinance - 4 days ago“It’s been a pretty strong performance for gold — especially when there is a rally in the stock market in November,” NewEdge Wealth’s Ben Emons said.
- Charlie Munger's acumen, wisdom and irreverence: Investors mourn the loss of one-of-a-kind legendFinance - 4 days agoMunger left a mark on generations of investors in a long and fruitful life.
- Charlie Munger said Berkshire would be worth double if he and Buffett used leverageFinance - 5 days ago“Berkshire could easily be worth twice what it is now… All we had to do is just use a little more leverage that was easily available,” Munger said.
- Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loomFinance - 1 day agoWells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
- Zero-day commodity options have now entered the ETF spaceFinance - 5 days agoInvestors can now trade commodities with zero-day options-based ETFs. However, experts warn the popular options strategy comes with a risk.
- Cathie Wood’s Innovation ETF is up 31% in November, notching its best month everFinance - 6 days agoThe fund rebounded drastically from three straight months of losses, pushing 2023 gains to 47%.
- Why Warren Buffett wouldn't have become the greatest investor ever without Charlie MungerFinance - 1 week agoMunger was instrumental in directing Buffett into buying strong-brand quality companies and staying away from dirt-cheap names that he called “cigar butts.”
- U.S. export controls need to 'change constantly' even if it's tough for businesses, Secretary Raimondo saysFinance - 2 days agoU.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview that more controls on tech exports to China will be coming, despite business concerns.
- Can this Democrat actually win Joe Manchin's Senate seat in West Virginia?All Content from Business Insider - 4 hours agoWe spoke to Zach Shrewsbury, who declared his candidacy before Manchin even announced his retirement.
- Mortgage rates are falling at the fastest pace since the 2008 housing market crashAll Content from Business Insider - 1 hour agoThe 30-year fixed mortgage rate has plunged by 69 basis points in a five-week period, its sharpest such drop since late 2008.
- The best wireless earbuds of 2023All Content from Business Insider - 2 hours agoThe best wireless earbuds free you from cables so you can listen to music anywhere. These are our top picks for every budget.
- Jonathan Majors' assault accuser says she wanted to 'protect him' and blamed herself after he was arrestedAll Content from Business Insider - 1 hour agoThe ex-girlfriend accusing Jonathan Majors of assault said she worried about the consequences he’d face.
- This mystery canine illness spreading in dogs across the USAll Content from Business Insider - 2 hours agoDogs across the US are getting hit with a mysterious respiratory illness, and researchers are struggling to find the roots.
- Best iPhone 15 Pro deals in December: Free upgrades at Verizon, AT&T, and moreAll Content from Business Insider - 5 hours agoThese iPhone 15 Pro and Pro Max deals will get you the highest savings and trade-in values you can find at Verizon, AT&T, T-Mobile, and more.
- Apple and Google won't say if foreign governments are keeping tabs on you through your push alerts, senator saysAll Content from Business Insider - 2 hours agoApple says the US government barred it from publicly revealing how governments keep tabs on users via their push alerts.
- TikTok's top videos of the year are wildly different from our dark, depressing feedsAll Content from Business Insider - 46 mins agoTheir year-end compilation is a piece of marketing, made to make it seem like TikTok is a happy and wonderful place. Sure, Jan.
- 80,000 student-loan borrowers are getting $5 billion in debt cancellation they 'rightfully earned' through repayment plans, Biden's Education Department saysAll Content from Business Insider - 2 hours agoThe Education Department announced the latest batch of student-loan borrowers getting debt relief through fixes to PSLF and income-driven repayment.
- Ukrainian soldier complains fight to hold ground across key river relies on 'green' troops rushed through training having only fired a rifle 'a few times'All Content from Business Insider - 4 hours agoThroughout the war, Russia has often sent inexperienced, poorly trained troops to the front to fill gaps in the line amid manpower shortages.
- Here are the most popular TikToks of the year, from fried chicken ASMR to an inventive onion-cutting hackAll Content from Business Insider - 3 hours agoThese are the top 10 most popular TikToks of the year for the US. Viral trends this year included "girl dinner," obsessions with the Roman empire, and beige flags.
- Self-checkout theft is a bigger problem than you may have thoughtAll Content from Business Insider - 4 hours agoUnsurprisingly, shoplifters are more likely to get goods past a machine than a human. What is surprising is that they are 21 times more likely.
- Ukraine's farmers risk their lives clearing the world's largest minefield with drones and robotsAll Content from Business Insider - 4 hours agoFarmers in Ukraine face one of the largest minefields in the world. They are taking matters into their own hands to revive their broken businesses.
- Sean 'Diddy' Combs participated in 'gang rape' of high schooler, new lawsuit allegesAll Content from Business Insider - 4 hours agoIt’s the fourth lawsuit accusing Sean "Diddy" Combs of sexual misconduct in less than a month.
- The best gaming headsets in 2023All Content from Business Insider - 1 hour agoThe best gaming headsets offer reliable chat and immersive audio. These are the top models you can buy for PC and consoles like PS5, Xbox, and Switch.
- Scientists thought this tiny, blind mole was extinct for over 85 years, but they were wrongAll Content from Business Insider - 2 hours agoDe Winton’s golden mole was thought to be extinct for over 80 years. A new study used DNA analysis to track down the tiny mammal.
- The exclusive group of first Cybertruck owners includes a VC founder and Serena Williams' husband — but many are still a mysteryAll Content from Business Insider - 2 hours agoSpike Lee and Alexis Ohanian appear to be the most famous first Tesla Cybertruck owners.
- We'll find new ways to impress our boss in the age of AIAll Content from Business Insider - 4 hours agoThe things that make us good at our jobs might not matter as much in the future thanks to artificial intelligence. We’ll need to focus on other skills.
- 'Hopefully no one dies': House Republicans' majority is about to become even more fragileAll Content from Business Insider - 5 hours agoWith Kevin McCarthy’s upcoming departure and George Santos’s expulsion, Republicans’ hard-won House majority is withering away.
- Fitbit Sense 2 review: Fitbit's flagship wearable lacks a few key smart features but excels as a fitness trackerAll Content from Business Insider - 4 hours agoFitbit’s Sense 2 is a powerful health and fitness tracker, but its lack of third-party app support limits its smartwatch capability.
- How an Army of Drones Changed the Battlefield in UkraineForeign Policy - 1 hour agoEver-present surveillance has made movement extremely difficult, but there are still ways to evade detection.
- China Hawks Are Putting the Green Transition at RiskForeign Policy - 5 hours agoNew electric vehicle restrictions will end up hurting U.S. interests.
- America’s Indo-Pacific Alliances Are Astonishingly StrongForeign Policy - 1 day agoCountries are balancing against China—just like a student of international relations would predict.
- The 7 Reasons Iran Won’t Fight for HamasForeign Policy - 3 days agoA close look at Tehran’s thinking about escalating the war in Gaza.
- What Ridley Scott’s ‘Napoleon’ Gets Wrong About WarForeign Policy - 4 days agoThe film’s ideas have poisoned military thinking for centuries.
- Evidence Is Growing That Free Speech Is DecliningForeign Policy - 2 days agoThere’s a clear trend against freedom of expression in the world’s democracies.
- U.S. Congressional Fight Threatens to Derail Ukraine AidForeign Policy - 22 hours agoIf Republicans continue to block the nearly $106 billion package, then U.S. funding for Ukraine will dry up by the end of the year.
- It’s Time to Reconsider Turkey’s NATO MembershipForeign Policy - 5 hours agoIn nearly every theater of vital security interests, President Recep Tayyip Erdogan seems devoted to undermining the trans-Atlantic alliance.
- Sahel Military Governments Seek ConfederationForeign Policy - 16 hours agoJuntas in Burkina Faso, Mali, and Niger move to cement a political, economic, and defense alliance.
- Chinese Shadow Bank Can’t Pay UpForeign Policy - 21 hours agoA wealth management firm’s insolvency raises questions about unconventional lending institutions—a $3 trillion industry in China.
- This Corporate Law Case Could Accidentally Overturn U.S. TaxesForeign Policy - 2 days agoMoore v. United States might wreak economic havoc.
- What to Know as COP28 BeginsForeign Policy - 3 days agoIt may be the most heated climate summit in almost a decade.
- The Man Who Conned the WorldForeign Policy - 3 days agoHow one of the greatest scam artists of all time used Ghana’s colonial past to get rich.
- Does Democracy Really Die in Darkness?Foreign Policy - 3 days agoA provocative history questions the relationship between the state, its secrets, and the people.
- Rashid Khalidi: Biden Deserves an “F” on the Middle EastForeign Policy - 2 days agoThe Palestinian-American historian and professor on the road ahead after Oct. 7.
- Was Henry Kissinger Really a Realist?Foreign Policy - 1 day agoAmerica’s most famous 20th century statesman wasn’t exactly what he claimed to be.
- Here’s How Labour Can ‘Stop the Boats’Foreign Policy - 9 hours agoUnless Keir Starmer changes tack, a Labour government can’t curb the humanitarian crisis on British shores.
- Confusion and Ambition Caused the My Lai AtrocitiesForeign Policy - 3 days agoA rare combination of failures led to an infamous massacre.
- Putin Could Prevail if Ukraine Aid CutForeign Policy - 41 mins agoU.S. and Ukrainian officials sound the alarm as aid to Kyiv is held hostage by congressional battles over the U.S. southern border.
- Israel Launches Ground Offensive in Southern GazaForeign Policy - 2 days agoMass evacuations aren’t enough to secure Palestinians’ safety from Israeli bombardments, though.
- The Global Credibility GapForeign Policy - 6 hours agoNo one power or group can uphold the international order anymore—and that means much more geopolitical uncertainty ahead.
- How Women Are Reconciling Feminism With FaithForeign Policy - 4 days agoFrom Mormonism to Islam, reformers around the world are making their religions less politically conservative.
- Is Biden Ignoring Iran’s Sanctions Evasion?Foreign Policy - 23 hours agoRepublicans say the U.S. president is allowing Iran’s increased oil exports. The evidence suggests otherwise.
- The Taliban’s Enemies Can’t Agree on AnythingForeign Policy - 2 days agoA summit of opposition leaders was meant to produce a plan to fix Afghanistan’s trajectory. It generated more infighting and factionalism.
- Corporations Are Juicy Targets for Foreign DisinformationForeign Policy - 1 day agoOnline slanders may become a new vector for economic warfare.
- Dimon says he would shut down crypto if he had government roleThe Latest - 51 mins agoThe remarks add to Dimon’s long history of bashing digital currencies, which he has previously called “Ponzi schemes” and a “fraud.”
- Bank CEOs bring Basel III battle to CongressThe Latest - 2 hours agoThe fireworks that traditionally accompany big bank CEOs’ appearances in Congress were absent Wednesday, but instead executives pushed their opposition to the Basel III capital rules and its impact on the economy.
- Equity Bancshares bulking up in Missouri with $44 million dealThe Latest - 5 hours agoEquity, based in Wichita, Kansas, has agreed to buy the parent company of the Bank of Kirksville. The combined company would have $5.4 billion of assets and 74 branches, including 23 in Missouri.
- OCC issues guidance on managing risks of buy now/pay laterThe Latest - 3 hours agoThe OCC advises banks to implement robust risk management strategies for BNPL lending, emphasizing transparent loan terms, fraud mitigation and compliance with consumer protection laws.
- Congress grills financial regulators on tech oversightThe Latest - 5 hours agoTechnology representatives from the six federal agencies testified in a House Financial Services fintech subcommittee hearing Tuesday.
- How two fintechs are climbing back from the downturnThe Latest - 6 hours agoMoneyLion and Pagaya, which were among the many payment companies that fought headwinds in the past two years, are using product and capital markets strategies to help them recover.
- Citi starts to outline the cost of its organizational overhaulThe Latest - 52 mins agoThe megabank, which is in the midst of a massive restructuring, will probably book “a couple of hundred million dollars” of restructuring charges in the fourth quarter, according to its chief financial officer.
- Canada cuts interchange, Klarna teams with AdyenThe Latest - 4 hours agoCanada’s government has finalized arrangements with Visa and Mastercard to cap credit card interchange for small businesses; Klarna is expanding its work with the Dutch payment processor Adyen; and more.
- Federal judge upholds California's small-business lending disclosuresThe Latest - 1 hour agoThe district judge upheld the state’s regulations mandating that nonbanks disclose the annual percentage rate, finance charges and fees on financings of $500,000 or less.
- Why Discover decided to walk away from student loansThe Latest - 2 hours agoFrustrated by its inability to overcome loan-servicing mistakes that triggered three separate regulatory consent orders, Discover Financial Services elected to sell its student loan business. “When we looked at it, we have perennial issues in our ability to service that portfolio,” a top executive said.
- India's manufacturing sector growth improves to 56.0 in NovemberMoneyWorks4Me - Invest and Grow with Us - 6 days agoThe trend for new export business showed signs of resilience, despite weakening in November
- GST officers detect 21,791 fake GST registrations, over Rs 24,000 crore of suspected tax evasion: SitharamanMoneyWorks4Me - Invest and Grow with Us - 18 hours agoSitharaman said to safeguard the interest of honest taxpayers and avoid extreme hardship to taxpayers, instructions have been issued from time to time
- Microfinance loan portfolio stands at Rs 3.76 lakh crore in Q2FY24: MFINMoneyWorks4Me - Invest and Grow with Us - 16 hours agoMicroloan disbursals touched Rs 76,054 crore in Q2FY24, as compared to Rs 71,916 crore in the same period of the previous financial year
- World looking up to India as emerging Biomanufacturing Hub: Jitendra SinghMoneyWorks4Me - Invest and Grow with Us - 2 days agoHe said biotechnology Startups and Institutional linkages with Industry will drive India’s Bioeconomy in the years to come
- Indian IT sector's revenue growth to inch up to over 6% in FY25: ICRAMoneyWorks4Me - Invest and Grow with Us - 2 days agoThe $250-billion industry grew by 9.2 per cent in FY2022-23
- India’s services sector activity eases to 56.9 in NovemberMoneyWorks4Me - Invest and Grow with Us - 2 days agoThe S&P Global India Composite PMI Output Index also fell to 57.4 in November as against 58.4 in October
- Rise in international prices of DAP fertilisers affecting viability, may need higher govt subsidy: FAIMoneyWorks4Me - Invest and Grow with Us - 15 hours agoThe association also demanded that urea, a key crop nutrient, should be brought under the NBS scheme on the lines of P&K fertilisers
- Government working on new technologies to make clean energy transition: Jitendra SinghMoneyWorks4Me - Invest and Grow with Us - 15 hours agoSingh further said there is a thrust world over for a strategy to use nuclear power that could reduce reliance on fossil fuels over the coming years
- India’s focus on infrastructure is empowering economy: Commerce MinisterMoneyWorks4Me - Invest and Grow with Us - 3 days agoHe said competitive source of financing is attracting investments from those who are looking for greater safety
- Bank credit to industry decelerates to 5.4% in October 2023: RBIMoneyWorks4Me - Invest and Grow with Us - 6 days agoAdvances to the services sector grew by 20.1 per cent (y-o-y) in October 2023 compared to 22.5 per cent a year ago
- Proposed 5% biogas blending with natural gas supplies can cut LNG imports worth $1.17 billion annually: IBAMoneyWorks4Me - Invest and Grow with Us - 3 days agoThe biogas blending is proposed to be further increased to 5 per cent by fiscal year 2028-29
- GST collections jump 15% to Rs 1.68 lakh crore in NovemberMoneyWorks4Me - Invest and Grow with Us - 3 days agoGoods and Services Tax mop-up was over Rs 1.45 lakh crore in November 2022
- Primary steel industry to experience challenging environment during H2FY24: IcraMoneyWorks4Me - Invest and Grow with Us - 2 days agoIt stated the domestic hot rolled coil (HRC) prices have corrected by 6.7 per cent since early October 2023
- India’s power consumption grows nearly 8.5% to 119.64 BU in November 2023MoneyWorks4Me - Invest and Grow with Us - 3 days agoIn the year-ago period, power consumption stood at 110.25 BU, higher than 99.32 billion units recorded in November 2021
- India to become world's third largest economy by 2030: S&PMoneyWorks4Me - Invest and Grow with Us - 2 days agoCurrently, the country is the fifth largest economy in the world behind the US, China, Germany and Japan
- Asian markets trade higher in early deals on ThursdayMoneyWorks4Me - Invest and Grow with Us - 7 days agoNikkei 225 up by 71.34 points 0.21% to 33,392.56
- US markets end in red on MondayMoneyWorks4Me - Invest and Grow with Us - 2 days agoThe report said factory orders plunged by 3.6 percent in October after jumping by a downwardly revised 2.3 percent in September
- Asian markets settle mostly down on MondayMoneyWorks4Me - Invest and Grow with Us - 3 days agoChinese shares declined on persistent concerns about an economic slowdown in the world’s second-largest economy
- Asian markets trade lower in early deals on TuesdayMoneyWorks4Me - Invest and Grow with Us - 2 days agoNikkei 225 down by 397.65 points 1.20% to 32,833.62
- US markets end higher on FridayMoneyWorks4Me - Invest and Grow with Us - 5 days agoThe ISM said its manufacturing PMI came in at 46.7 in November, unchanged from October
- Asian markets trade mostly lower in early deals on MondayMoneyWorks4Me - Invest and Grow with Us - 3 days agoNikkei 225 down by 152.92 points 0.46% to 33,278.59
- Asian markets settle mixed on FridayMoneyWorks4Me - Invest and Grow with Us - 6 days agoJapanese shares declined after the release of disappointing manufacturing data
- US markets end mostly in red on TuesdayMoneyWorks4Me - Invest and Grow with Us - 19 hours agoThe report said job openings slid to 8.73 million in October from 9.35 million in September
- US markets end mostly higher on ThursdayMoneyWorks4Me - Invest and Grow with Us - 6 days agoThe report said the annual rate of consumer price growth decelerated to 3.0 percent in October from 3.4 percent in September
- Asian markets settle mostly higher on WednesdayMoneyWorks4Me - Invest and Grow with Us - 24 hours agoJapanese shares gained as chip-related shares shine
- US markets end mostly in red on WednesdayMoneyWorks4Me - Invest and Grow with Us - 7 days agoTelecom, brokerage and semiconductor stocks also saw notable strength, while tobacco stocks and energy stocks moved to the downside
- Asian markets trade mostly higher in early deals on WednesdayMoneyWorks4Me - Invest and Grow with Us - 16 hours agoNikkei 225 up by 616.48 points 1.88% to 33,392.30
- Asian markets settle mostly higher on ThursdayMoneyWorks4Me - Invest and Grow with Us - 7 days agoExpectations of Chinese stimulus measures also buoyed market sentiment
- Asian markets settle mostly down on TuesdayMoneyWorks4Me - Invest and Grow with Us - 2 days agoJapanese shares declined as a strong yen dented export heavy stocks
- Asian markets trade mostly lower in early deals on FridayMoneyWorks4Me - Invest and Grow with Us - 6 days agoNikkei 225 down by 34.84 points 0.10% to 33,452.05