best financial news
- Finance
Despite rising inflation, experts say the Fed won’t budge on rates
A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec.…
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Job growth in February may mark the start of a hiring boom as the economy reopens
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, brings a take-out food order to an outside table at the Promenade…
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Trading Places: Pimco nabs ex-White House adviser, Goldman exits, Simpson Thacher hires Blackstone GC
Pimco, the US bond giant, has appointed a former White House staffer to its advisory board — the second high…
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Employers likely added more jobs in February, but economists say there’s no bounce back yet
A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March…
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Job growth surges in February above expectations
Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines…
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February jobs report is expected to show only modest gains.
The Labor Department is scheduled to release its monthly gauge of the American labor market on Friday morning. Economists surveyed…
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Ex-LSE boss Xavier Rolet: Listings shake-up will lure top firms to London
The proposed shake-up of UK listing laws has “nothing to do with Brexit” and is “long overdue” to ensure that London’s…
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UBS hikes bonuses by nearly 50% for senior employees after bumper year
UBS hiked bonuses for a select group of senior staff by nearly 50% after a bumper year for the Swiss bankers…
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Low-paid women have been hurt most by the recession, and they risk being left behind by the recovery
Breadcrumb Trail Links Economy Kevin Carmichael: The math suggests a disproportionate number of women are on a path to long-term…
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Fed Chair Powell Offered a Patient Message. Markets Quivered Anyway.
Jerome H. Powell, the chair of the Federal Reserve, said he and his colleagues have a “high standard” for what…
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Budget tax hike threatens plan for City post -Brexit fightback
Imagine you are the European boss of a US financial firm based in Canary Wharf. Post Brexit you are wrestling…
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BDC Snapshots: Intra-regional economic integration would boost Maghreb economies
The economic implications of the coronavirus pandemic have raised questions about the prospects for economic integration within the Maghreb, which…
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بالأرقام من مركز بروكنجز الدوحة: التكامل الاقتصادي بين دول المغرب العربي سيعزّز اقتصاداتها
طرحت التداعيات الاقتصادية لجائحة فيروس كورونا المستجدّ أسئلةً حول إمكانات التكامل الاقتصادي ضمن منطقة المغرب العربي حيث تُعتبر معدّلات التبادل…
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Schroders predicts ‘favourable environment’ for active funds as assets reach new high
Schroders posted a 15% increase in assets under management last year, cementing its position as the UK’s largest listed fund…
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Budget 2021: Corporation tax will bite most profitable UK companies
Chancellor Rishi Sunak’s move to raise corporation tax to 25% from 19% by 2023 has been greeted with resigned acceptance…
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Private payrolls growth well short of expectations for February, ADP says
Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP.…
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Greensill Capital planning insolvency amid deal talks with Apollo
Embattled financial startup Greensill Capital plans to file for insolvency in the UK this week, as it simultaneously moved toward…
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Deloitte agrees to pay Malaysia $80m to settle 1MDB claims
Accountancy firm Deloitte PLT has agreed to pay the Malaysian government $80m to settle claims relating to its auditing of…
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Regulators monitor Greensill as financier scrambles to sell core parts of business
Pressure mounted on embattled SoftBank Group-backed Greensill Capital as it scrambled to sell core parts of its business and regulators…
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The record boom in blank-cheque firms could make 2021 the year of the Spac
The boom in special purpose acquisition companies – or Spacs – is set to continue and this year looks on…
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GAM calls time on supply chain finance fund linked to Greensill
GAM, the Switzerland headquartered asset manager, has announced it will close an investment fund linked to Greensill Capital — the…
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Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott |…
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Amazon Workers’ Union Drive Reaches Far Beyond Alabama
Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…
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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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Covid-19 is causing a ‘shecession’ as pandemic impacts gender equality at work
The pandemic is causing a “shecession”, as progress for women in work falls back to 2017 levels, a PwC report…
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An apprenticeship FAQ: What employers need to know about talent development
Technologies such as automation and artificial intelligence are influencing jobs and workflows across every major industry. However, businesses that want…
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Klarna valued at $31bn after Swedish fintech raises $1bn from funding round
Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…
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Credit Suisse suspends $10bn in funds tied to Greensill
Credit Suisse said it suspended a group of private investment funds tied to supply-chain finance assets created by SoftBank-backed specialty-finance company Greensill…
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EU signals short-selling crackdown amid GameStop mania — raising ire among market bears
Short-sellers could be faced with increased scrutiny when targeting European companies following the GameStop furore in the US, according to…
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They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
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Our fragile mental health is the hidden threat to the economic recovery
Breadcrumb Trail Links News Economy Kevin Carmichael: If country’s workforce is coping with low-grade PTSD, there aren’t any simple levers…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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Hedge funds slash bearish bets in GameStop aftermath: ‘Wow, this could be me’
Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects…
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Jupiter assets reach new record, despite investors pulling £4bn
Jupiter Fund Management suffered net outflows of £4bn last year, despite the FTSE 250 group posting an increase in profits and a…
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Alberta’s financial crisis deepens with $115.8B in debt despite prospects of higher oil prices
Breadcrumb Trail Links News Energy Economy Commodities Alberta’s payments to service ballooning debt exceeds corporate taxes Author of the article:…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
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Unemployment claims dropped last week as coronavirus cases eased.
New claims for unemployment fell last week, the government reported on Thursday, the latest sign that the labor market’s recovery,…
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The business case for expanding apprenticeships: Federal and employer perspectives
Apprenticeships are an overlooked solution in the United States for increasing access to quality jobs and expanding the pool of qualified talent. As an…
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We need to do more to attract IPOs to London
Let’s be frank with each other: London’s enduring success as a global financial centre reaches well beyond any of the…
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Linklaters set to become second Magic Circle law firm to elect female senior partner
Linklaters looks likely to become the second Magic Circle law firm to have a woman lead the firm as senior…
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Global travel uncertain, UK’s transport secretary warns, as EU discusses vaccine passports
Travel should be able to resume on 17 May but it is dependent on “lots of factors, many of which…
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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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AXA takes €1.5bn hit from Covid-19 claims
Insurance giant AXA took a €1.5bn hit due to claims as a result of the global pandemic that took hold…
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Amid Shortfalls, Biden Signs Executive Order to Bolster Critical Supply Chains
WASHINGTON — Automakers have been forced to halt production because of a lack of computer chips. Health care workers battling…
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Here’s why London is still a favourite for the world’s richest
The wealthiest individuals in the world still have London in their sights for prime property, lifestyle and business investment options.…
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HSBC London bankers brace for job cuts amid Asia shift: ‘There is a lot of middle management in the UK’
Mid-ranking bankers at HSBC in London are braced for more cuts as the bank looks to shift more leadership and…
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Working from home set to continue until June under lockdown exit roadmap
Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…
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Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin
Companies are starting to express interest in bitcoin as a long-term investment, following in the footsteps of listed giants such…
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Women in Economics Face Hostility When Presenting Research
A few years ago, the economists Alicia Sasser Modestino and Justin Wolfers sat at the back of a professional conference…
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