Latest News on private equities market

This CEO is on a mission to help minorities land Wall Street jobs

This CEO is on a mission to help minorities land Wall Street jobs

The nonprofit Wall Street Bound has partnered with Maverick Trading to provide training and access to financial jobs for underserved communities.

6 years ago
Plaid celebrates 12 months in Europe with an eye towards Open Finance

Plaid celebrates 12 months in Europe with an eye towards Open Finance

AltFi | Oliver Smith | Jun 8, 2020 A watershed moment, when it eventually arrives. It’s hard to believe that just 12 months ago Plaid surprise-expanded to Europe with the announcement that it had already helped with the launch of Emma, the financial management app. Now the US fintech is celebrating its first year in

6 years ago
There's a conspiracy theory about the unemployment numbers. Labor experts call it baseless

There's a conspiracy theory about the unemployment numbers. Labor experts call it baseless

Critics suggested the Trump administration tampered with data to reduce the unemployment rate in May. Economists say the allegation is baseless.

6 years ago
Open banking would help the recovery

Open banking would help the recovery

Financial Post | Adam Felesky | Jun 5, 2020 Opinion: Open banking infrastructure and data are helping governments around the world better respond to the crisis Times of crisis confront societies with challenges — in the current crisis, increased unemployment, strained public finances and severe social hardship. But they can also generate opportunities for improvement

6 years ago
Oil rises as production curbs face renewed demand fears

Oil rises as production curbs face renewed demand fears

Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases.



6 years ago
S&P 500, Dow decline after recent gains; Nasdaq hits 10,000

S&P 500, Dow decline after recent gains; Nasdaq hits 10,000

The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq extended its record run and briefly rose above the 10,000 mark for the first time.



6 years ago
S&P 500, Dow ease as focus shifts to Fed; tech pushes Nasdaq to closing record

S&P 500, Dow ease as focus shifts to Fed; tech pushes Nasdaq to closing record

The S&P 500 and Dow fell on Tuesday, pausing after recent strong gains as focus shifted to the Federal Reserve, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time.



6 years ago
Behind tech layoffs lay systemic cash flow negative companies

Behind tech layoffs lay systemic cash flow negative companies

Medium | Gonzalo Espinoza Graham | May 31, 2020 Since the pandemic started, there’s been approximately 61,260 tech layoffs [1]. Close to 30% of the layoffs came from public tech companies, 85% of those companies are unprofitable. No deep insights here, just the simple fact that the once growth hyper focused startups grew to be

6 years ago
What to look for in the Fed's U.S. economic outlook

What to look for in the Fed's U.S. economic outlook

U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.



6 years ago
Pompeo chides HSBC for 'corporate kowtow' to Beijing

Pompeo chides HSBC for 'corporate kowtow' to Beijing

U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong's autonomy, saying such "corporate kowtows" got little in return from Beijing.



6 years ago
Say goodbye to six-figure starting salaries – with these exceptions

Say goodbye to six-figure starting salaries – with these exceptions

Starting salaries for newly minted college graduates are lower almost across the board. However, some entry-level positions in tech still pay near six figures.

6 years ago
Samsung leader appears in court, awaits decision on whether he'll be jailed again

Samsung leader appears in court, awaits decision on whether he'll be jailed again

The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.



6 years ago
Fed says beating pandemic is key, but how will it know things are better?

Fed says beating pandemic is key, but how will it know things are better?

With a full three months of responding to a global pandemic under their belt, U.S. Federal Reserve officials have united around one point: lasting progress on the economic front will be dictated by success in containing the spread of the coronavirus.



6 years ago
Japan braces for worst postwar economic slump, pandemic tests policy response

Japan braces for worst postwar economic slump, pandemic tests policy response

Japan's economy braced for its worst postwar slump even as first-quarter GDP contracted less than initially thought, as the cornonavirus crisis slams the brakes on global growth and raises pressure on Tokyo to cushion the blow to business and consumers.



6 years ago
Japan's service sector sentiment rises 7.6 points in May

Japan's service sector sentiment rises 7.6 points in May

Japan's service sector sentiment index rose in May, a Cabinet Office survey showed on Monday, although the coronavirus pandemic continues to weigh on firms' business confidence.



6 years ago