cnbc news
- Finance
Alberta working with oil companies to draft new carbon reduction plan, seeks $30B in funding from Ottawa
Breadcrumb Trail Links News Energy Economy Commodities Alberta believes the plan will reduce emissions by 30 mega tonnes by 2030…
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Liberum hires two trading heavyweights as electronic volumes triple in pandemic
Liberum has hired two senior trading professionals as the independent investment bank looks to expand its burgeoning electronic trading platform.…
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Starling Bank nets £272m in late-stage funding led by Fidelity and Qatari investor
British digital challenger Starling Bank has raised £272m in a series D funding round from a spate of City, international…
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Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness…
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GameStop frenzy emboldens Democrat supporters of a new trading tax
The wild volatility in GameStop shares this year has emboldened Democrats who advocate a tax on stock trades. A financial-transaction tax, or FTT,…
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In the Stimulus Bill, a Policy Revolution in Aid for Children
Welfare critics warn the country is retreating from success. Child poverty reached a new low before the pandemic, and opponents…
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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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More people ditch remote working amid lockdown commuter spike
The number of British workers travelling to work at the end of February increased to 39%, despite rules ordering people…
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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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Low-paid women have been hurt most by the recession, and they risk being left behind by the recovery
Breadcrumb Trail Links Economy The math suggests a disproportionate number of women are on a path to long-term unemployment Author…
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Treasury to Invest $9 Billion in Minority Communities
WASHINGTON — The Biden administration unveiled a plan on Thursday to invest $9 billion in minority communities, taking an initial…
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Schroders boss says Spacs will help City ’embrace new world’
Peter Harrison, chief executive of FTSE 100 listed asset manager Schroders, says proposals designed to encourage international companies to list in…
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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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Credit Suisse tells juniors to expense takeaways as deal boom makes all-nighters the norm
Investment banks are rolling out a new perk for juniors burning the midnight oil at home — free takeaways. Banks…
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Deliveroo picks London for $7bn IPO
Food delivery company Deliveroo has chosen London for its initial public offering. In a 4 March press release, the firm…
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Budget 2021: Sunak urges Bank of England to think ‘creatively’ to boost City post Brexit
Chancellor Rishi Sunak has asked the Bank of England to think “creatively” in ensuring the UK’s financial services industry remains…
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Private payrolls growth well short of expectations for February, ADP says
A cashier handles money in Macy’s Herald Square in New York. Andrew Kelly | Reuters Private payroll growth disappointed in…
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New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
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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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Economists see first signs in data that vaccine is working
Economists following the high-frequency data on virus infections are seeing initial signs that the vaccine is having positive effects 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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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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Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
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What the recovery from the Great Recession reveals about post-pandemic work and cities
Since the onset of COVID-19 pandemic, there has been ongoing debate about the future of cities in a post-pandemic world,…
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Greensill Capital: How the SoftBank-backed firm has ended up on the brink
Pressure is mounting on SoftBank-backed Greensill Capital after major backers signalled moves to halt trading in and out of the…
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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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Softbank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others
Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…
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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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Goldman Sachs revives cryptocurrency desk to cash in on bitcoin hype
Goldman Sachs has relaunched its trading desk for cryptocurrencies as demand for bitcoin and other digital assets continues to increase.…
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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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HSBC cuts staff and shakes up executives in London equities unit
HSBC is overhauling its equities trading unit in London, cutting jobs and shifting senior UK-based staff to Paris or Hong…
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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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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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Acquis says it will trump City market expectations
Acquis, 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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Student debt cancellation should consider wealth, not income
As enrollment numbers and tuition at higher education institutions grow, the rise in student debt is outpacing both. According to…
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Why the Bank of England needs a monetary framework review to keep policy at the frontier
The Bank of England has built an enviable reputation as a central bank at the forefront of modern policymaking. This…
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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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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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UK investors ratchet up pressure on companies over ethnic diversity
The UK’s fund management lobby group will turn up the heat on companies in the coming months over ethnic diversity in…
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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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JPMorgan and Sutton Trust launch $4.8m bursary fund for low-income students
US investment bank JPMorgan Chase and the Sutton Trust have launched a £4.8m bursary fund for university students to improve…
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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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