yahoo finance news
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Crypto is ‘like the Wild West’, top US regulator says
The Securities and Exchange Commission will police cryptocurrency markets to the maximum extent possible, chairman Gary Gensler said Tuesday, repeating his…
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KKR’s second-quarter earnings almost double in boom start to the year
KKR has reported a big jump in second-quarter earnings and hauled in a record amount of new cash from investors, as the value…
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Goldman Sachs hikes junior banker pay to $110,000 as salary battle sweeps Wall Street
Goldman Sachs is raising salaries for junior bankers, following the vast majority of its main rivals as Wall Street’s focus on burnout…
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Elon Musk is done with regular earnings calls. Why that might be good news for investors.
Elon Musk says he is done with regular appearances on earnings calls. Tesla and its investors should be thankful. Musk…
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Boom time for the City’s law firms as deals drive record profits and pay
The City’s legal market is running white hot, if figures coming out of its leading lights are anything to go…
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Top Credit Suisse investor backs board after scathing Archegos report
One of the largest shareholders in Credit Suisse has their reaffirmed support for senior executives at the Swiss lender, despite…
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Investors in collapsed Woodford fund face further wait as asset sale drags on
The administrator overseeing Neil Woodford’s former Equity Income fund has said there are just £124m of assets left to be sold,…
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A little inflation is sign of success, not failure, for Bank of Canada’s Tiff Macklem
Breadcrumb Trail Links Economy Fearmongering over runaway inflation only complicates governor’s next challenge Author of the article: Kevin Carmichael Publishing…
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Lack of Foreign Workers Has Seasonal Businesses Scrambling
SALT LAKE CITY — Tyler Holt summed up the problem his Utah landscaping business faces every year. “People who want…
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Square bags $29bn deal for Afterpay as fintechs fight banks in payments sector
Square has agreed to acquire Afterpay in an all-stock deal worth around $29bn, illustrating how financial technology companies are seeking scale to challenge…
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Jefferies tells staff to get Covid-19 jab before coming back to the office
Jefferies will only allow employees back into its offices if they have been vaccinated against Covid-19, as executives raise concerns…
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Key inflation indicator up 3.5% year over year in June for fastest gain since 1991
An inflation indicator that the Federal Reserve uses as its key guide rose 3.5% in June, a sharp acceleration that…
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The Fed’s favorite price index rose 4 percent.
The Federal Reserve’s favorite inflation index climbed by 4 percent in June compared with a year earlier, as a rebounding…
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Credit Suisse made deep cuts to risk team ahead of Archegos collapse
Credit Suisse had just a single senior risk manager in its US prime services division last year as the bank…
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Freshfields profit per partner gains to almost £2m in wake of Magic Circle pandemic boom
Freshfields Bruckhaus Deringer has become the latest major law firm to report a jump in revenue and profit as the City’s legal sector…
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Bank of America hires Goldman’s Malhotra in leverage finance leadership role
Bank of America re-hired a senior Goldman Sachs dealmaker to lead its leveraged finance origination business in Europe. Uday Malhotra…
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BNP Paribas equities trading revenues double as push continues
BNP Paribas’ ongoing push into equities trading led to a record quarter for the unit, but its investment bank revenues still…
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Investors call for vote on companies’ climate change plans
A group of more than 50 asset managers is calling for companies to disclose details of their progress on tackling…
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‘40 acres and a mall’: How community ownership models can preserve economic power in Black neighborhoods
In the famous post-Civil War initiative known as “40 acres and a mule,” Union General William T. Sherman promised newly…
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Who Discriminates in Hiring? A New Study Can Tell.
Twenty years ago, Kalisha White performed an experiment. A Marquette University graduate who is Black, she suspected that her application…
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U.S. GDP rose 6.5% last quarter, well below expectations
The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign…
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$1 Trillion Infrastructure Deal Scales Senate Hurdle With Bipartisan Vote
WASHINGTON — The Senate voted on Wednesday to take up a $1 trillion bipartisan infrastructure bill that would make far-reaching…
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Supporting distressed communities by strengthening regional public universities: A federal policy proposal
Contents Forecasters predict the economy will grow significantly in the latter half of 2021 as the U.S. continues its recovery…
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Jupiter’s Bonham Carter on why he’s sceptical about Spacs
City fund management veteran Edward Bonham Carter has called into question the investor benefits of so-called special purpose acquisition companies,…
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Robinhood prices IPO at bottom of range on tepid demand
Robinhood priced its initial public offering at $38 a share, at the low end of expectations, after the popular trading…
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Morgan Stanley hikes junior banker salaries to $100,000
Morgan Stanley has raised base salaries for entry-level bankers to $100,000, leaving Goldman Sachs as the last remaining Wall Street bank…
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Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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Wall Street banks crush European rivals in deal boom: ‘I still bear the scars’
Wall Street banks are turning the screw on their European rivals as deal flow has hit new highs. US investment…
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The pandemic hurt low-wage workers the most—and so far, the recovery has helped them the least
Contents The recession associated with the COVID-19 pandemic announced itself in spring 2020 with head-spinning job losses: 22 million lost…
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Beyond traditional measures: Examining the holistic impacts of public space investments in three cities
Editor’s note: This brief is part of a three-part series which examines the economic, social, and civic impacts of public…
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Canadian inflation slows but still tops Bank of Canada’s target
Breadcrumb Trail Links News Economy And the drop in June may only be momentary relief Author of the article: Bianca…
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Can Robinhood thread the needle for a winning IPO?
Initial public offerings can be a little bit like politics: a decent outcome may be when everyone is only a…
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Deutsche Bank doubles M&A fees as it sidesteps fixed income trading slump
Deutsche Bank dodged the second quarter fixed income trading slump, with revenues shrinking by 11% as fees from mergers and…
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Credit Suisse set to issue report on Archegos errors
Credit Suisse is likely to publish an investigation as soon as Thursday into the breakdown that led to massive losses from…
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Will the Delta Variant Wreck the Recovery?
The good economic news, when it comes to the ascendant Delta variant of the coronavirus, is that it puts the…
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Barclays names new capital markets leaders in latest shake-up
Barclays promoted a swathe of senior capital markets bankers as the UK lender continues to reshape the top of its…
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IMF warns that inflation could prove to be persistent and central banks may need to act
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The…
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Home prices broke records in May, according to S&P Case-Shiller
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle…
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Revealed: The best-performing ESG funds you’ve never heard of
Asset managers are scrambling to launch funds to tap into growing investor demand for sustainable investments. At the same time,…
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Credit Suisse hires Goldman Sachs executive Wildermuth as new chief risk officer
Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to…
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The Travel Industry’s Reckoning With Race and Inclusion
“These road trips and initiatives that speak to people of color in general are important because we’ve been left out…
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Bitcoin tumbles from $40,000 high after Amazon denies crypto plans
Cryptocurrencies lost ground after spike in momentum as e-commerce giant Amazon denied speculation that it planned to develop its own token, causing…
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Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops
Prices have risen by more than Fed officials expected, based on both their public statements and their economic projections from…
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Housing boom is over as new home sales fall to pandemic low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic…
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Return to Office Hits a Snag: Young Resisters
David Gross, an executive at a New York-based advertising agency, convened the troops over Zoom this month to deliver a…
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SFO’s boss in spotlight as fraud hunters ask: ‘When are they going to do something?’
Some in the City are wondering how sharp the SFO’s teeth are anymore as the UK agency tasked with investigating…
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QR Codes Are Here to Stay. So Is the Tracking They Allow.
SAN FRANCISCO — When people enter Teeth, a bar in San Francisco’s Mission neighborhood, the bouncer gives them options. They…
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U.S. inflation just topped 5 per cent. Is Canadian inflation next?
Breadcrumb Trail Links News Economy Prices have steadily climbed since the start of the year and the Bank of Canada…
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Bitcoin bounces above $39,000 as Binance limits crypto leverage
Bitcoin briefly rose above the $39,000 threshold after six consecutive days of positive trading, rebounding after a run of price falls…
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These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
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