In this article V Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images LONDON — Visa has agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion). The deal comes after the payment
Month: June 2021
This summer’s Tokyo Paralympics present an opportunity for businesses to embrace a vastly underrepresented segment of the workforce and aid the global coronavirus recovery, experts said. The decades-old Games, which showcase the sporting talents of leading disabled athletes, have been instrumental in removing taboos around often “shunned or excluded” members of society, International Paralympic Committee
FREDERIC J. BROWN | AFP | Getty Images Job hunting has been muted in 12 states that opted out of federal unemployment programs in recent weeks, suggesting the policy may not be working as planned, according to a new analysis. The states have ended the pandemic-era benefits — including an extra $300 a week —
A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares climbed after the videogame retailer said it sold five million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit favorite meme stock jumped 9% in premarket trading on Tuesday after the company announced the
The racial wealth divide between white and Black families in the U.S. is more of a chasm than a gap. In 2019, the median household wealth for white families was nearly $190,000, almost eight times higher than that of Black households, according to Federal Reserve data. “Baby bonds” are one proposal to help close the
General view of the NFL Shield logo on the field before Super Bowl LV between the Tampa Bay Buccaneers and the Kansas City Chiefs at Raymond James Stadium. Kim Klement | USA TODAY Sports | Reuters The NFL said Wednesday it is exploring strategic options, including selling stakes, for its NFL Media properties, including NFL
CNBC’s Jim Cramer on Wednesday called on billionaires in the U.S. to more vocally support reforms to the nation’s tax code, in attempt to stave off more-liberal legislative proposals from politicians in Washington. “This administration doesn’t like you, so come up with something proactively that makes it so you are not being taxed in the way [Sen.]
In a graphical explainer, Alphaville’s Thomas Hale examines how fake reviews have become a problem for the Amazon platform and looks at their impact on online consumers and sellers ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter
kate_sept2004 | E+ | Getty Images The IRS on Tuesday started an online tool that will allow families to tell the agency they don’t want to receive advance monthly payments from the enhanced child tax credit, scheduled to start next month. Using the new Child Tax Credit Update Portal, families can verify that they’re eligible
Crypto investor Mike Novogratz told CNBC on Tuesday that bitcoin faces near-term uncertainty after falling below $30,000, but he maintained a long-term positive outlook. Bitcoin has struggled in the past two months, after notching an all-time high in April near $65,000. The weakness in recent days comes as reports indicated China took further steps to
Southeast Asia’s start-up scene is heating up. This year alone, two of the region’s biggest names — on-demand platforms Grab and GoTo — announced their plans to go public in what investors see as a major milestone that could spawn further entrepreneurship. And now is the perfect time for new entrepreneurs to get started, according
U.S. stock index futures were little changed during overnight trading on Tuesday, after the S&P 500 closed just shy of a new record. Futures contracts tied to the Dow Jones Industrial Average advanced 28 points. S&P 500 futures were flat, while Nasdaq 100 futures gained 0.07%. All three major averages finished Tuesday’s session in the
In this article MS A view of the Morgan Stanley offices in Canary Wharf, London, U.K. iStock Editorial | Getty Images Morgan Stanley on Tuesday told its staff that workers and clients who are not vaccinated against Covid-19 will be barred from returning to New York City and Westchester County offices with a large employee
In this article IVZ Thiago Prudencio | LightRocket | Getty Images As the Securities and Exchange Commission defers signing off on bitcoin exchange-traded funds, some companies are exploring other ways to meet investors’ growing demand for cryptocurrency. The SEC on Wednesday pushed another decision to approve Van Eck’s bitcoin ETF, extending the review and asking
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Engine No. 1, the upstart activist firm that put three candidates on Exxon’s board of directors, is launching an exchange-traded fund in a bet that shareholder activism will take center stage in coming years. The Engine
Longtime crypto bull Meltem Demirors reiterated her confidence in the cryptocurrency Tuesday, telling CNBC she believes the correction in bitcoin is simply weeding out the investors with “paper hands.” Paper hands is a term used in the crypto community to characterize people who sell a digital asset such as bitcoin when turbulence strikes markets. It’s
Getty Images After saving up for decades to retire, many Americans are excited to finally stop working and enjoy their free time. Yet for some, switching to a spending mindset after being so focused on saving can be a difficult transition. “There’s a lot of unknows and if there hasn’t been detailed planning or a
Jalen Suggs #1 of the Gonzaga Bulldogs moves the ball against Tyger Campbell #10 of the UCLA Bruins in the Final Four semifinal game of the 2021 NCAA Men’s Basketball Tournament at Lucas Oil Stadium on April 03, 2021 in Indianapolis, Indiana. Trevor Brown Jr | NCAA Photos | Getty Images Educational benefits. It’s the
Amazon Prime Day is underway. But not every deal is too good to be true. The two-day shopping event, which started early Monday and runs through 3 a.m. ET Wednesday, is offering more 2 million deals — and some are better than others. “That is an incredible number,” said Dave Kender, the editor in chief
Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. Egdar Su | Reuters MicroStrategy said Monday it owns more than 100,000 bitcoins after completing another purchase round, this time spending roughly $489 million on 13,005 tokens. Shares of the Virginia-based enterprise software company were down more than 6% in
It’s one thing to require unvaccinated travelers to quarantine or undergo extra Covid tests. It’s another to bar them altogether. A small but growing list of travel destinations is either closing its doors to unvaccinated travelers or reopening only to vaccinated ones. Either way, the unvaccinated are seeing their travel options start to dwindle as
Dutch fintech start-up Mollie’s payments platform in action. Mollie LONDON — Mollie was a relatively little-known company before Covid-19. Now, it’s one of Europe’s biggest fintechs. The Amsterdam-based online payments processor finally became a “unicorn” valued at more than $1 billion in September, more than a decade after it was founded by Dutch entrepreneur Adriaan
Asian countries have to tame the current waves of the coronavirus outbreak in order to get their economies ready for future rate hikes by the U.S. Federal Reserve, an economist said Monday. Fed officials last week indicated that interest rate hikes could come as soon as 2023, shifting from earlier comments in March that said
Choreograph | iStock | Getty Images For some Medicare beneficiaries, health-care coverage ends up costing more than it does for most of their peers — and it’s not by choice. While there are costs that individuals often are aware of — i.e., they purchase a supplemental policy or choose a more expensive plan — some
LaylaBird There could be one more big bump in the road as the economy recovers from the Covid-19 pandemic: a market correction. Moody’s Analytics economist Mark Zandi is warning there may be a 10% to 20% pullback in the markets prompted by the Federal Reserve’s current policies. In fact, the dip may have already started,
CNBC’s Jim Cramer said Monday he’s offloaded most of his bitcoin holdings, expressing concerns around the recent crackdown on crypto mining by the Chinese government and bitcoin’s role in some ransomware attacks. “Sold almost all of my bitcoin. Don’t need it,” Cramer said on “Squawk on the Street,” more than two months after he first
The word “taxes” is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021. Andrew Kelly | Reuters Many in Congress want to fix the country’s crumbling roads, bridges and other infrastructure projects. Lawmakers still haven’t agreed on how to pay for it. President Joe Biden has
Traders on the floor of the New York Stock Exchange. Source: NYSE Monday’s aggressive stock market rally came despite the fears of one Wall Street firm that investors still aren’t appreciating how quickly the Federal Reserve could start raising rates. After getting hammered in the final three trading days last week, Wall Street came roaring
Dr. Scott Gottlieb told CNBC on Monday the highly transmissible delta Covid variant, first discovered in India, could present challenges to U.S. schools this fall given lower vaccination rates among children. “I think the reality is that kids are becoming more likely to be vectors of these new variants,” the former Food and Drug Administration commissioner said
Tom Werner | DigitalVision | Getty Images Retailers are making it easier than ever to make purchases with “buy now, pay later” loans. Also known as point-of-sale installment loans, they are a type of short-term financing that allow you to divide your purchases into monthly installments. Services that offer them, like Affirm, Klarna, Afterpay and
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