Interface.ai, a customer automation platform for banks and other financial institutions, today announced that it closed a $30 million funding round led by Avataar Venture Partners. $20 million of the round was equity, while the remaining $10 million was in the form of debt. It’s Interface’s first outside capital;...
Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces rising geopolitical risks and weaker long-term growth prospects, according to the International Monetary Fund. Global headline inflation will fall to 3.5% on an annual basis by the end of 2025,...
General view of the City of London skyline, the capital's financial district, in October.Sopa Images | Lightrocket | Getty ImagesLONDON — The International Monetary Fund on Tuesday raised its 2024 growth outlook for the United Kingdom, saying declines in interest rates and inflation would boost domestic demand.The IMF now...
Check out the companies making headlines before the bell. Cheesecake Factory — Shares gained more than 3% after activist investor JCP Investment Management built a stake in the company and asked it to consider spinning off three of its brands into a separate company. General Motors — Shares were...
The headquarters of the Norges Bank, Norway's central bank, in Oslo, Norway, on Tuesday, Jan. 30, 2024.Bloomberg | Bloomberg | Getty ImagesNorway's gigantic sovereign wealth fund on Tuesday reported third-quarter profit of 835 billion Norwegian kroner ($76.3 billion).The so-called Government Pension Fund Global, one of the world's largest investors,...
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here is what Wall Street is expecting, according to average estimates compiled by LSEG:Earnings per share:...
Check out the companies making headlines after the bell : Nike — Shares added nearly 1% after the sneaker giant and athletics apparel company renewed its uniform partnership with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for another 12 years....
The U.S. presidential election is fast approaching, but it may not have as much an impact on markets as people may think, some investors say. With just a little over two weeks until the election, the race appears to be locked in a "dead heat" between former President Donald...
Interface.ai, a customer automation platform...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of the United Parcel Service slipped 6% Thursday after the company reported a bigger-than-expected revenue decline and cut its revenue guidance for the year.The stock hit...
Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations. It didn't matter.Following better-than-expected results on the top and bottom lines from two of the most valuable tech companies in the world, the Nasdaq responded by dropping close...
Insta_photos | Istock | Getty ImagesInheriting an individual retirement account can be a welcome surprise. But the gift comes with mandatory withdrawals for heirs and following the rules can be difficult, experts say.According to the Secure Act of 2019, certain heirs now have less time to deplete inherited accounts...
Raymond James Financial achieved record annual net revenue and record net income last year, marking the third year in a row of historic results for the firm, CEO Paul Reilly said Wednesday. Raymond James obtained $11.62 billion in net revenue and $1.73 billion in net income available to common shareholders...
The Biden administration is meeting with China’s top diplomats this week to try to repair a relationship between the two superpowers that has grown rocky. The question facing financial advisors and investors now is whether they should do the same resetting with Chinese stocks. Secretary of State Antony Blinken and National...
