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Immigrants help keep job growth high as inflation cools

by James Odonell
Immigrants help keep job growth high as inflation cools

U.S. President Joe Biden greets members of the U.S. Border Patrol at the U.S.-Mexico border in Brownsville, Texas, U.S., February 29, 2024. Kevin Lamarque | Reuters Immigration — both authorized …

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Categories Politics

Trump CEO meeting to include Dimon, Fraser, Moynihan

by James Odonell
Trump CEO meeting to include Dimon, Fraser, Moynihan

US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet …

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Categories Politics

Waystar shares slip in debut after pricing IPO in middle of range

by Shawn Butlere
Waystar shares slip in debut after pricing IPO in middle of range

Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its IPO in the middle of the expected range. The stock opened …

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Categories Health

Starling says no plans to pursue EU bank license, focus on Engine

by Ev Richard
Starling says no plans to pursue EU bank license, focus on Engine

Raman Bhatia, incoming chief executive officer of Starling. Bhatia moved over from OVO Energy Ltd., where he was CEO.  Zed Jameson | Bloomberg | Getty Images AMSTERDAM — Digital bank …

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Categories Technology

A juggernaut of the market’s growth hit wall, buy these stocks

by Adrian Jhonsan
A juggernaut of the market’s growth hit wall, buy these stocks

We danced around it all week. We called out the many culprits for Salesforce’s weak quarterly results on Wednesday — and subsequent stock plunge — including an elongated sales cycle, …

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Categories World

Here’s what adding Nvidia would mean for the 128-year-old Dow Industrials

by Adrian Jhonsan
Here’s what adding Nvidia would mean for the 128-year-old Dow Industrials

CFOTO | Future Publishing | Getty Images Nvidia last week announced a 10-for-1 stock split which will bring its share price from over $1,000 to a more affordable level for …

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Categories World

Digital health companies are launching programs around GLP-1s

by Ev Richard
Digital health companies are launching programs around GLP-1s

Patent protection for Wegovy — Novo Nordisk’s blockbuster weight loss drug, which contains the second generation GLP-1 active ingredient and is at least twice as effective — is expected to …

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Categories Technology

Booming luxury travel and a jump in ‘relief’ loans

by Adrian Jhonsan
Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped …

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Categories World

Private equity firms circle Peloton for potential buyout

by Adrian Jhonsan
Private equity firms circle Peloton for potential buyout

A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 …

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Categories World

Morgan Stanley sees 10 to 15 more tech IPOs in 2024, better 2025

by Ev Richard
Morgan Stanley sees 10 to 15 more tech IPOs in 2024, better 2025

Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” …

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Categories Technology
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