Bill Gates Expects Global Economic Downturn Despite Indications That Inflation May...
Rising inflation and interest rates will spur a global economic slowdown at some point, Microsoft founder Bill Gates told CNN in early May. “(The war in Ukraine) comes on top of the pandemic, where government debt levels were already very, very high and there were already some sort of supply chain problems,” Gates said...
Is Buy Now, Pay Later the Credit Killer?
One of the most significant developments for consumers as financial technologies have grown by leaps and bounds over the past several years has been Buy Now, Pay Later, or BNPL. BNPL, as the name implies, allows consumers to make a purchase on the spot and then pay the entire price later in installments...
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JPMorgan Chase Attendance Tracking Tempts Potential Downside
Following reports last month describing JPMorgan Chase’s tracking of employees’ attendance, workplace experts say the tactics could be short-sighted. Four anonymous bankers told Business Insider in April that managing and executive directors were monitoring swipes of ID badges used to enter buildings, the data from which is used to enforce post-COVID back-to-work quotas...
MGM Resorts Offering $607 Million for European Gaming Company
MGM Resorts International has offered $607 million for Swedish gaming company LeoVegas AB. The global hospitality and entertainment giant will pay for the purchase with cash and is offering $6.20 per share...
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Shell to Buy Indian Renewables Company Sprng Energy
As it moves away from oil and gas, Shell has indicated that it intends to buy the India-based renewable power platform Sprng Energy for $1.55 billion. Shell said it would acquire Solenergi Power Private Limited, Sprng Energy’s parent company, from U.K.-based investor Actis...
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Yahoo Finance Monthly Report Card Gives Biden a ‘B’
According to Yahoo Finance’s “Bidenomics Report Card,” which measures six economic indicators, a falling stock market and dip in wages are to blame for President Biden’s “B” grade this month. The data, which comes from Moody’s Analytics, compares the current president with his seven predecessors...
Digital Love: How Tech Changed the Dating Landscape Forever
The history of human romance took a dramatic turn in 2013 when Tinder became accessible to everyone with a smartphone. Using mobile phone location, the app played Cupid by displaying profiles of people who were nearby and matched interests and search criteria.
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Bond Investors Playing it Safe With Aggressive Fed Tightening
The Federal Reserve’s hiked interest rates have not eased worries about inflation and growth, causing bond investors to adjust the duration of their portfolios. Such safety trades can mean going short or long, depending on the perceived risk...
Rise of the Business Influencers
The use of “influencers” of one kind or another has become prevalent in today’s social media-dominated world. These savvy, self-styled individuals entertain large audiences on social media and have built followings that have advertisers salivating.
Climate Activists Go After Bank Shareholders
To get big banks out of fossil fuels, climate change activists are making a bold move and taking aim directly at shareholders. Citigroup, Wells Fargo, Bank of America, and Goldman Sachs shareholders voted in late April on resolutions against further financing for fossil fuel projects...
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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...