Latest News on private equities market

Shares of furniture retailer Herman Miller soar 33% as home office sales surge

Herman Miller reported fiscal first quarter earnings per share of $1.24, blowing past the earnings of 26 cents per share expected by Wall Street, according to Refinitiv.

5 years ago

This will be the biggest year ever for software IPOs as coronavirus and work-from-home show value

Counting the four IPOs this week, software IPOs will have raised roughly $7.8 billion year to date.

5 years ago

Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent

Yelp on Wednesday released its latest Economic Average Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.

5 years ago

If you're in your 40s, it's time to put together a strategy to rescue your retirement

If you're late to the game, now is the time to nail down a solid retirement strategy.

5 years ago

Looking to reverse that withdrawal from your retirement account? Here's how to fix it and save on taxes

Savers were allowed to skip the 2020 required minimum distribution from their retirement accounts. Those who already took the withdrawal had until Aug. 31 to return it. What to do if you missed the deadline.

5 years ago

Market value of big fintech companies rises to $1 trillion, more than the largest banks

The market caps of payment stocks like Visa and MasterCard have eclipsed the value of the biggest banks, even as their balance sheets remain significantly smaller in comparison. 

5 years ago

Former 'Shark Tank' contestant reaches a breaking point as federal aid runs out

Former "Shark Tank" contestant Kelsey Moreira, the owner of Doughp, recently had to lay off most of the staff she had furloughed in the spring. 

5 years ago

Activist ValueAct played a key role in speeding up Citigroup CEO's retirement, sources say

Details of the pressure the New York-based bank faced from its activist investor hadn't been reported until now. The lessons from this episode will likely inform how Corbat's successor interacts with the bank's large investors.

5 years ago

The new urgency of global tech governance

Brookings | Landry Signé, Mark Esposito, and Sanjeev Khagram | Sep 10, 2020 Pandemic lockdowns, digitalization, and the acceleration of the Fourth Industrial Revolution (4IR) are all driving a shift in global governance. Since the world’s technological leaders will also be geopolitical leaders, the competition for dominance in cutting-edge sectors like artificial intelligence is intensifying. The


The post The new urgency of global tech governance first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago

Detour: An altered path to profit for European fintechs

McKinsey & Company | Chandana Asif, Max Flötotto, Tunde Olanrewaju, and Giuseppe Sofo | Sep 9, 2020 To navigate the economic fall-out from COVID-19, Europe’s fintechs will need to adjust their playbook. Fintechs have been on a roll. Fueled by generous amounts of venture capital funding, last year 24 financial services startups hit a valuation


The post Detour: An altered path to profit for European fintechs first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago

Warren Buffett's Berkshire Hathaway just made a fast $1 billion on Snowflake's surging IPO

Warren Buffett's Berkshire Hathaway made the investment despite his aversion to IPOs.

5 years ago

Coronavirus crisis caused 40% of parents to change their job situation, survey finds

The coronavirus crisis caused 40% of parents to change their job situation, a new FlexJobs survey finds. Women have been disproportionately hit, with 17% having to quit their jobs, compared to 10% of men.

5 years ago

The Fed keeps rate steady. Here’s how that benefits short-term borrowers

Thanks to the central bank, short-term borrowing rates will stay near rock bottom but you may have to act quickly to get the most benefit. 

5 years ago

KYC and KYP led banks to push in-house products more, exec says

Investment Executive | Rudy Mezzetta | Sep 2, 2020 Increasing compliance requirements — such as enhanced know-your-product rules — provided cover for Canada’s banks to focus ever more exclusively on selling their in-house investment products, shutting out independent products and limiting client choice, says Sheila Murray, a corporate director and former president of CI Financial.  “Under the guise of compliance and risk aversion, and doing the right


The post KYC and KYP led banks to push in-house products more, exec says first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago

Warren Buffett's Berkshire Hathaway just made a fast $800 million on Snowflake's surging IPO

Warren Buffett's Berkshire Hathaway made the investment despite his aversion to IPOs.

5 years ago