UK start-up funding platforms scrap $190 million merger amid competition concerns
Darren Westlake, co-founder and CEO of Crowdcube, at a fintech conference in London, on April 12, 2017. Simon Dawson | Bloomberg via Getty Images LONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million...
Yellen supports banks’ share buybacks. Sen. Warren wants BlackRock designated too big to fail
Treasury Secretary Janet Yellen speaks during a virtual roundtable event with participants from local Black Chambers of Commerce on February 5, 2021 in Washington, DC. Drew Angerer | Getty Images Banks have improved their capital positions and should be allowed...
Stock futures tick higher as pressure on tech stocks pauses
Matteo Colombo | DigitalVision | Getty Images Futures contracts tied to the major U.S. stock indexes inched higher in the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session. Dow...
Homebuyer mortgage demand inches higher, but rates hit highest level since summer
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters Higher mortgage rates do not appear to be dampening demand for home purchases but are crimping refinance volume. Mortgage applications to purchase a home rose...
One year after Covid-19 market bottom, Canaccord Genuity’s Tony Dwyer says stocks are in ‘no man’s land’
Canaccord Genuity’s Tony Dwyer is temporarily dialing back his appetite for stocks. On the one-year anniversary of the Covid-19 bottom, he’s telling investors the market is in “no man’s land.” “We’re in this period where the Russell 1000 growth mega...
New home sales take a hit as builders grapple with big delays and bigger costs
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sales of newly built homes fell more...
Fed sets up panels to examine risks that climate change poses to the financial system
The Federal Reserve has taken another step forward in efforts to ensure that the financial system is protected against climate risks. As the central bank turns its attention increasingly toward the matter, the Fed has created a Financial Stability Climate...
Stocks making the biggest moves midday: Peloton, AstraZeneca, Boeing & more
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Microsoft —...
Fed’s Kaplan said he expects an interest rate hike in 2022
Dallas Federal Reserve President Robert Kaplan told CNBC on Tuesday he likely will favor an interest rate increase before the end of 2022. Though he doesn’t see inflation becoming a problem anytime soon, the central bank official said he expects...
Inflation fears are creating ‘extraordinary’ buying opportunities in tech, Invesco says
When rising Treasury yields put pressure on tech stocks, Invesco’s Kristina Hooper is looking to put money to work. Hooper, who oversees $1.3 trillion in assets, predicts the group’s growth potential will ultimately prevail over inflation fears. “Any time we...