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Staax Aims to Attract a New Generation of Investors with Peer-to-Peer...
Investing can seem daunting if you’ve never done it before. Enter Staax, a startup platform that helps new investors over the logistical hump. Paying friends back through platforms like Venmo has become standard practice for all ages, but particularly for young adults. For Nikki Varanasi, the method gave her an idea, which she pitched in October to TechCrunch Disrupt’s Startup Battlefield. Varanasi’s idea became Staax.
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Finance CEOs to Stay Home During U.N. Climate Summit
Top-level finance executives are skipping this year’s COP 27 climate summit, but their absence may mean absolutely nothing, some say. BlackRock Inc. and Citigroup Inc., for instance, are not sending their Chief Executive Officers to the U.N. conference in Egypt, according to Bloomberg. Instead, senior delegations will attend...
Debate Swirls Around ESG Investing
Some investors are calling for more transparency surrounding ESG funds, which are invested in companies that meet environmental, sustainability, and governance criteria. Firms including BlackRock, Vanguard, and Fidelity have launched such funds to incentivize values including diversity, equity and inclusion, pollution and carbon emissions reductions, and data security, among others...
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Put Your Crypto Money Where Your Passions Lie
Now in its second decade of existence, cryptocurrency has finally found its way into American culture. Recently, whether music, art, or sports, non-fungible tokens (NFTs) have become ubiquitous. And for investors, that shift in focus means opportunity. “We’re seeing this convergence of culture, finance, and technology,” Jamie Burke, Chief Executive Office of VC fund and accelerator Outlier Ventures...
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Millennials, Gen X Employees Consult Employers for Investment Advice
Employers have been sponsoring investment advice programs for years, but employees don’t use them equally. While rates of usage have increased by 10% in the last decade, according to Hearts & Wallets, an independent financial industry research firm, they differ according to employee age...
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A U.S. Recession Could be Good for Developing Countries
Emerging economies would benefit from a U.S. recession, according to David Lubin, Head of Emerging Markets Economics at Citibank. Interest rates would decline and the dollar would weaken, he says in the Financial Times, reversing the economic tightening that has been bad for emerging economies...
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Russian War to Cost World $2.8 Trillion
Russia’s unprovoked invasion of Ukraine has not only cost innocent lives; it has caused a reverberating global economic impact. Russia’s aggression will cost the world $2.8 trillion, according to The Organisation for Economic Co-operation and Development’s (OECD) new report, “The Cost of War.”...
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Dollar’s Strength May Be Making Rest of World Weaker
Typically, the foreign exchange market is fairly stable. Currency fluctuations tend to be minor. But that trend may be shifting. Interest rate hikes have caused volatility, creating dramatic fluctuations in the price of money and competition among national currencies that has strengthened the U.S. dollar...
IMF Director’s “Darkening” Outlook for Global Economy
The International Monetary Fund (IMF) lowered its previous forecast for 2.9% global growth in 2023 to 2.7% at the 2022 Annual Meetings of the International Monetary Fund and the World Bank Group, which took place from Monday, October 10, to Sunday, October 16, in Washington, D.C. Kristalina Georgieva, the Managing Director of the IMF, initially made this announcement in a speech at Georgetown University...
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Brookings Says Global Cooperation Is Critical for Combatting Multitude of Threats
Though many would say the idea is obvious, global cooperation is critical as the world tries to manage multiple and diverse threats to people, the environment, and the economy. The Brookings Institution, the century-old American think tank, says cooperation should be a top priority for preserving the world economy amidst an onslaught of shocks...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...