HSBC and Goldman Sachs back a start-up that lets banks bring rivals’ products onto their apps
British fintech start-up Bud said Monday that it had secured $20 million in a funding round co-led by HSBC and Goldman Sachs. The London-based company’s platform lets banks update their apps to give users access to financial services products from...
Digital media bundling: Like Twitter, but with a subscription. Here’s how it could work
It’s a dark time for online publishers. This week alone, hundreds of journalists and other employees were laid off by BuzzFeed, Verizon Media Group (which includes HuffPo and Yahoo) and Vice Media. The perils of digital media are well documented....
Charities who backed workers affected by shutdown are now stepping up to fight inequality
For the 35 long days when the government was shutdown, as 800,000 federal workers went without pay, many struggled to stay afloat and feed their families, uncertain when they would find economic stability. “It’s a little embarrassing,” one woman...
Former Obama economic advisor: Here’s why Howard Schultz is wrong on debt
This week, ex-Starbucks CEO Howard Schultz announced a potential Presidential run as an independent candidate during an interview on CBS. Frustrations with both parties’ handling of the nation’s finances, particularly the high levels of debt are part of his reasoning...
Draft Kings, casinos gear up for Super Bowl sports betting debut
DraftKings expects to see a record volume of bets for Sunday’s Super Bowl LIII, now that sports betting is legal in eight states, Jason Robins, CEO of the fantasy sports platform, told CNBC. “Not surprisingly, it’s the biggest day of...
Goldman could withhold some 2018 pay for top executives over Malaysia scandal
Goldman Sachs said it could withhold some pay from top executives as a result of an ongoing criminal probe of a Malaysian investment fund. The Wall Street firm said in a regulatory filing Friday its board of directors had approved...
Jobs report removes some fear, but market still in ‘tug of war’ over how much growth is slowing
After January’s strong jobs report calmed some recession fears, investors will be picking through the next wave of earnings reports and economic data for clues on just how much the U.S. economy could be slowing. Dozens of earnings, from companies...
Listen to the new single from Goldman Sachs CEO David Solomon, AKA DJ ‘D-Sol’
Goldman Sachs CEO David Solomon has had a busy few weeks running one of the world’s premier investment banks, but that hasn’t stopped him from releasing a new dance single. Solomon, who goes by DJ D-Sol, last month released a...
Stocks making the biggest moves midday: Amazon, Merck, Exxon Mobil & more
Check out the companies making headlines midday Friday: Papa John’s — The third-largest pizza delivery company saw its stock fall 8 percent after Reuters reported Papa John’s would not sell itself, despite offers from private equity firms. The firm’s offers...
White House advisor Larry Kudlow says taxing rich people never works: ‘Look at Venezuela’
White House economic advisor Larry Kudlow implied Friday that Democratic proposals to increase taxes on the wealthiest Americans could lead to economic troubles akin to those in Venezuela. “Taxing rich people – that’s an old saw from the left. It...
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