CB Insights | Aug 20, 2019 We visualize where US banks are placing strategic bets on fintech startups across payments, capital markets, blockchain, data, and more. US banks are future-proofing by actively investing in fintech startups.In 2019 YTD, US banks have participated in 24 equity deals to fintech companies. This follows a record 2018, where
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) at a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people familiar with the matter said on Thursday.
The House of Representatives' antitrust panel will hold a hearing next week to discuss the effect of consumer data collection by big tech platforms, like Alphabet's Google and Amazon , on online competition.
U.S. services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
U.S. services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
By Edward Taylor, Christoph Steitz, Tom Käckenhoff and Arno Schuetze
Nearly all applicants for the so-called temporary expanded public service loan forgiveness program have been denied.
U.S. stocks hit one-month highs on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong U.S. economic data allayed some concerns of a slowdown.
Paxos Trust Company will launch the first regulated, gold-backed digital token and later this month will debut a stablecoin pegged to the U.S. dollar, after getting approval from New York regulators on Thursday.
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, marking the U.S. firm's exit from production in the country after more than a century, three sources familiar with the matter said on Thursday.
Macy's Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, sending its shares up 5% in mid-day trading.
Walgreens Boots Alliance Inc said on Thursday it would start asking customers to no longer carry firearms in its stores, joining Walmart Inc and Kroger Co in tweaking its gun policy following several deadly shootings in the United States.
Peugeot automaker PSA Group and its Chinese partner Dongfeng Group have hammered out a plan to restructure their joint venture operations, slashing costs in the short term and aiming to boost annual sales to 400,000 vehicles by 2025, PSA said on Thursday.
The move comes as Solomon, nearing his one-year anniversary as CEO of Goldman Sachs, is pushing ahead on an internal review of the firm's businesses.
U.S. stocks hit a one-month high on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased concerns of a domestic slowdown.