yahoo finance news
- Finance
10% GDP growth? The U.S. economy is on fire, and is about to get stoked even more
Restaurant workers wearing faceshields, facemasks and gloves prepare food at the reopening of iconic LA restaurant Pink’s Hot Dogs on…
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Here’s what UK fintech says the Kalifa Review got wrong
On 26 February, the long-awaited Kalifa Review of the UK fintech sector landed to great fanfare. Authored by former Worldpay…
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Slow vaccine rollout in Canada expected to be a drag on economic recovery
Breadcrumb Trail Links News Economy ‘We will be looking at a greater number of business closures … the longer the…
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In the Middle East, poverty is down but economic grievance is up. Why?
The political economies of the Arab world present a fascinating but puzzling paradox. On the one hand, the region’s trajectory…
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Making the City best for business is more important than trade deals
The dramatic migration of share trading from London to Amsterdam and the foot-dragging by Brussels over granting UK access to…
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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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FOMO driving billionaire hedge fund boss Daniel Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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EU plans Covid-19 digital passport in time for summer
The EU will propose Covid-19 passports to facilitate travel within the bloc later this month in time for the summer,…
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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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Over 60s to start receiving jabs as Brazil variant hunt continues
Over 60s are now being invited to receive the coronavirus vaccine, health secretary Matt Hancock has said, as a hunt…
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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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Treasury calls for higher corporation tax for ‘unsustainable’ public finances
The Treasury Committee has called for an increase in corporation tax to address the “unsustainable public finances”. The group of…
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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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America’s young people need jobs. The federal government should pay for them.
It’s hard to get a foothold in the labor market when it is crumbling beneath your feet. Young people just…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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Kalifa Review: All you need to know about the UK’s 106-page fintech report
Greater government oversight, hand-holding by regulators and a £1bn growth capital fund must be considered at pace if the UK…
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Aquis says it will trump City market expectations
Aquis, one of the UK’s smaller alternatives to the London Stock Exchange’s Aim, has said it expects to surpass market…
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‘We would have to resist very firmly’: BoE’s Bailey braces for €84tn Brexit battle for London’s derivatives crown
The Bank of England governor Andrew Bailey issued a warning about how the Brexit battle for London’s financial crown could…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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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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Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation
David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC…
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Atom Bank sets sights on IPO by 2023 amid £40m fundraising
British challenger Atom Bank has said it plans to go public within the financial year 2022-23 as it nears profitability…
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City watchdog beefs up exec team for post-Brexit leadership
The UK’s Financial Conduct Authority made several new hires to its executive team as part of efforts to navigate a landscape dominated…
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KPMG fires starting gun on chief executive election post Bill Michael exit
KPMG UK has kicked off the race to succeed Bill Michael as chief executive after he resigned over a backlash…
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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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Investing heavyweights managing $21tn see FOMO driving bitcoin to $100k by year-end
Some of the world’s largest investors have indicated bitcoin is in bubble territory, with almost 30% predicting frenzied speculation will…
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Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might…
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Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
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HSBC plans $6bn in Asia investments as profits slump by 34%
HSBC is sticking to cost-cutting measures that will see it strip out 35,000 jobs and will invest up to $6bn…
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Powell Focuses on Need at Delicate Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
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Inflation fears take back seat as Bank of Canada puts focus on jobs recovery
Article content Tiff Macklem’s Bank of Canada is toying with letting the economy run hotter than would have been thought…
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Lockdown lift to allow gatherings by Easter, open schools on 8 March
Prime Minister Boris Johnson will set out his roadmap today to ease pandemic restrictions that have been in force for the…
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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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Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place,…
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‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
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December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020.…
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Wells Fargo strikes $2bn deal to offload asset management business
Wells Fargo, the US-headquartered bank, has struck a deal to offload its asset management arm in a transaction worth $2.1bn.…
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Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
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Signal sees ‘record pace’ of new users as WhatsApp goes ahead with controversial privacy update
New users are flocking to the encrypted messaging app Signal “at a record pace”, as WhatsApp pushes forward with a controversial…
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Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidents
President Joe Biden is on the best presidential honeymoon going back at least to Bill Clinton in 1993. A special…
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Should the Feds Guarantee You a Job?
What should the president do about jobs? For 30 years, Democratic administrations have approached the question by focusing on the…
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Invesco tops ‘dog funds’ list for sixth time
Invesco has topped a twice-yearly list of worst-performing investment funds for the sixth time running, with almost a dozen of…
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TransferWise rebrands as ‘Wise’ in banking shift to challenge Revolut
TransferWise, one of the UK’s early fintech success stories, is shifting its focus towards digital banking in a move that…
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How a $15 minimum wage could help restaurants and other hard-hit small businesses
A funny thing happened on the Senate floor in the wee hours of February 5. As senators worked through a…
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The great dividend reset means yields will now be more sustainable
For UK income investors, last year might seem to have been nothing short of a calamity. The dividend pool for…
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As Winter Sweeps the South, Fed Officials Focus on Climate Change
A top Federal Reserve official issued a stark warning on Thursday morning: Banks and other lenders need to prepare themselves…
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‘This is not inflation’: Economist says expectations are unanchored from reality
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Inflation expectations are detaching…
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UK to review Covid certificates in a move towards reopening venues
The UK government will conduct a review into the potential role of Covid-status certification in helping venues reopen safely as…
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