In this article AXP Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO) Pilot Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks. The San Francisco-based company closed a $100 million funding round this week, doubling its valuation
Finance
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. These IPO shares have historically been set aside for Wall Street’s institutional investors, or high-net worth individuals. Retail traders don’t have a way to buy into
In this article @CL.1 @LCO.1 A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021. CNES Airbus DS | Reuters The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage —
In this article KWEB Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss A new Securities and Exchange Commission rule that will require foreign companies to submit documentation about government affiliations and government influence is causing headaches for China investors. It’s one of
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched
In this article MO PRGS NIO LYFT UBER ROOT MSFT F NLY MSGN MSGE BOWX WFC C BAC JPM ZM Take a look at some of the biggest movers in the premarket: BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt.
Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
An excavator attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 25, 2021. Suez Canal Authority | Reuters The massive container ship Ever Given has been stuck in the Suez Canal for three days, halting billions of dollars in trade
An illustration of NFT-based art. gremlin | E+ | Getty Images Venture capitalists are writing big checks for start-ups in the booming NFT space. NFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether. They’re a type of digital asset designed
Matteo Colombo | DigitalVision | Getty Images Futures contracts tied to the major U.S. stock indexes rose in the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow futures rose 70 points, while contracts tied to the S&P 500 rose 0.2%. Futures tied to
Zoom In IconArrows pointing outwards Timing the market is difficult at the best of times for even the most experienced traders. Now, Bank of America has quantified just how large the missed opportunity can be for investors who try to get in and out at just the right moment. Looking at data going back to
About $33.1 trillion — that is how much Americans have saved up for retirement as of September 2020, according to the Investment Company Institute. Around $6.5 trillion of that is held in 401(k) accounts, representing nearly one-fifth of the U.S. retirement market. “It’s part of what we call … the three-legged stool of the U.S.
U.S. stock futures were flat in overnight trading on Tuesday amid renewed investor concern about the global recovery from the coronavirus pandemic. Dow futures rose 10 points. S&P 500 futures gained 0.04% and Nasdaq 100 futures rose 0.15%. On Tuesday, stocks tied to an economic recovery led the losses amid rising new coronavirus cases in
The Federal Reserve has taken another step forward in efforts to ensure that the financial system is protected against climate risks. As the central bank turns its attention increasingly toward the matter, the Fed has created a Financial Stability Climate Committee and a Supervision Climate Committee. The panels will focus on “the potential for complex
When rising Treasury yields put pressure on tech stocks, Invesco’s Kristina Hooper is looking to put money to work. Hooper, who oversees $1.3 trillion in assets, predicts the group’s growth potential will ultimately prevail over inflation fears. “Any time we see a tech sell-off, it’s an opportunity to buy some of the attractive names that
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock index futures were little changed during overnight trading on Monday, after all three major averages posted gains during regular trading hours. Futures contracts tied to the Dow Jones Industrial Average advanced 16 points. S&P 500 futures were flat, while Nasdaq 100
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said Monday that cryptocurrencies remain an unstable store of value and the central bank is no hurry to introduce a competitor. “They’re
The Deliveroo app displayed on a smartphone screen. Thiago Prudencio | SOPA Images | LightRocket via Getty Images LONDON — British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial public offering in London. The company, which is backed by Amazon, set a price range
Jason Lee | Reuters BEIJING — U.S. investors are among the many foreigners looking to profit from China, particularly its bond market. One clear area of interest is in government bonds, where the Chinese 10-year has a yield of over 3.2%. In contrast, the latest rise in U.S. rates has pushed the 10-year Treasury yield
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates.