In November 2019, Andreessen Horowitz General Partner Angela Strange famously declared that, “Every company will be a fintech company.” Specifically, Strange projected that — in the not-too-distant-future — “nearly every company” would derive a significant portion of its revenue from financial services. Over the years, that prediction has played out to...
U-Haul hiring sign offering to get paid today and a bonus in New Brighton, Minnesota.Michael Siluk | Universal Images Group | Getty ImagesPrivate payroll growth tailed off sharply in September, according to an ADP report Wednesday that provides a counterweight to other signs that the labor market is still...
Signage outside Intel headquarters in Santa Clara, California, Jan. 30, 2023.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines before the bell.Intel — Shares popped 2.5% after the chipmaker announced it would be operating its programmable chip unit as a standalone business complete. Intel plans...
Advisors continue to break away from captive environments for independence, with some 6,873 making the leap in 2022, according to the Diamond Consultants Advisor Transition Report. The desire to become a business owner continues to be strong, especially as the support infrastructure, product access and upfront capital in the...
Artur Widak | Nurphoto | Getty ImagesModerna on Wednesday said its combination vaccine targeting Covid and the flu will move to a final stage trial in adults ages 50 and above this year after showing positive results in an early to mid-stage study.The biotech company hopes its shot, mRNA-1083,...
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesMortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association's...
Savvy Advisors has added two new principal wealth managers to its growing network of advisors attracted by its technology platform. Erich Yost, CFA, was previously a portfolio manager as part of a team managing $2.5 billion of assets for ultra-high-net-worth clients at Veritable and has 12 years of experience in...
Millions of people are facing retirement without enough income to live comfortably and may struggle to address the issue. A proprietary model that looks at retirement readiness has been created by Vanguard for its inaugural retirement readiness report, in which it calculates rates of what it calls ‘sustainable replacement income’,...
A sell-off in global bond markets gathered pace, driving yields to the highest level in more than a decade as traders brace for an extended period of tight monetary policy. The yield on 30-year U.S. Treasuries hit 5% for the first time since 2007 on Wednesday, while the German 10-year...
The federal judge who ruled that Ripple Labs Inc.’s cryptocurrency doesn’t constitute a security when sold to the general public denied the Securities and Exchange Commission’s request to appeal the determination before trial. U.S. District Judge Analisa Torres on Tuesday ruled against the regulator in a case it filed against...