British fintech firm Zilch says it’s raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public offering.
Category: Finance News
The Fed is ‘playing with fire’ by not cutting rates, says creator of ‘Sahm Rule’ recession indicator
As the jobless level has ticked up in recent months, the “Sahm Rule” has generated increasing talk on Wall Street.
Steve Cohen is set to make a big push into investing in AI
Steve Cohen’s Point72 plans to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom.
Stocks making the biggest moves midday: La-Z-Boy, Rocket Lab USA, NextEra Energy and more
These are the stocks posting the largest moves in midday trading.
Investors are the most bullish since November 2021, a widely followed survey shows
Money managers don’t see a recession, and are betting big on equities — especially the Magnificent Seven.
Gen X stands to gain the most wealth from the $84 trillion wealth transfer
According to Wealth-X, the average age of individuals in North America set to inherit fortunes from parents worth $5 million or more is 46.1 years old.
Millionaires are abandoning the UK in their droves, new research shows
A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year’s election expected to exacerbate the exodus.
American households have seen their purchasing power increase
Wage growth has surpassed inflation for a year, meaning households have seen their buying power increase.
Google’s Android apps are coming in 3D via Xreal as competition with Apple’s Vision Pro heats up
Games and movies on Google Play Store apps can now be viewed in 3D via a new Android mobile device from augmented reality glasses maker Xreal, the startup said.
May retail sales rise 0.1%, weaker than expected
Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.