[ad_1] [The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Friday to an audience at Spelman College in Atlanta. He is scheduled to participate in a fireside chat following his speech. His remarks … Read more
[ad_1] JOHANNES EISELE | AFP | Getty Images Charlie Munger didn’t manage to help pull off one final deal with his lifelong partner Warren Buffett, but he remained hopeful that Berkshire Hathaway, with nearly $160 billion cash, will find its elephant one day. “We have $160 billion in cash, plus a great credit rating we … Read more
[ad_1] Vlad Tenev, co-founder and CEO of Robinhood, rings the opening bell at the Nasdaq on July 29, 2021. Source: The Nasdaq Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. That’s despite calls from … Read more
[ad_1] Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller The late investment icon Charlie Munger said Berkshire Hathaway, the conglomerate he and Warren Buffett built over the last five decades, could have doubled its value if they applied leverage, or borrowed money, when buying businesses and common … Read more
[ad_1] Bitcoin. Filip Radwanski | Sopa Images | Lightrocket | Getty Images The U.S. Securities and Exchange Commission is formally engaging with asset managers ahead of a much anticipated decision on whether the regulator will approve a bitcoin exchange-traded fund, according to memos published this week. The regulator said in a memo that it met … Read more
[ad_1] Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud software vendor popped more than 7%, lifting the 30-stock Dow Jones Industrial Average after the company reported fiscal third-quarter earnings that topped analysts’ estimates. Revenue also increased 11% from $7.84 billion a year ago. Still, Salesforce’s growth rate has … Read more
[ad_1] A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Stefan Wermuth | Bloomberg | Getty Images The 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 conglomerate … Read more
[ad_1] Zepz, which owns the WorldRemit and Sendwave brands, has a headcount of around 1,600. Sopa Images | Lightrocket | Getty Images Zepz, the money transfer group that owns WorldRemit, made a fresh round of layoffs. The British fintech unicorn, which is backed by TCV, Accel, Leapfrog and other major venture capital funds, told CNBC … Read more
[ad_1] A woman’s silhouette holds a smartphone with the Robinhood Markets logo in the background. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Online investments app Robinhood said Thursday that it’s set to launch its platform in the U.K. in early 2024, marking the company’s third attempt at cracking international expansion. Features include … Read more
[ad_1] Check out the companies making headlines in midday trading. Rover Group — Shares of the online marketplace for pet care advanced 28.9% after Rover on Wednesday said it agreed to be acquired by Blackstone in a $2.3 billion deal. The transaction is set to close in the first quarter of 2024. Fluence Energy — … Read more
