Pipe cofounder and CEO Harry Hurst made the surprise decision to resign less than four years after starting the company. Pipe Three cofounders of fintech lending startup Pipe, valued at $2 billion in a funding round last year, are stepping down from the Miami company. The departing executives include co-CEO Harry Hurst, 33; co-CEO Josh…
Every week there seems to be a new development in the battle for student loan forgiveness, adding to the confusion. Let’s review the current status of student loan forgiveness and what’s next. What’s next for the federal government’s student loan relief plan? getty Current Status of Student Loan Forgiveness Opponents of President Biden’s student loan…
Topline The Federal Reserve indicated Wednesday it may soon ease up on its aggressive policy as higher interest rates start slowing the economy—signaling the worst of the central bank’s rate hikes could be over even as experts debate how successful they’ve been in taming the worst spike in prices since the 1980s. The Fed has…
Energy ETF ProShares Ultra Bloomberg Natural Gas (BOIL) is on the rise today, up 5.4% at $54.27 at last glance. Though oil prices are falling as talks continue regarding a price cap for Russian oil, natural-gas prices are on the rise as investors bet on increased demand amid December’s colder weather. After solidifying support at…
Lucia Waldner is CEO of Family Office at CC Trust Group, and former Head of Credit Suisse Research Institute. getty As investors anticipate a new set of opportunities and restraints in view of rising inflation and tightening financing conditions, confidence remains regarding the performance of private markets. As Morgan Stanley concludes in their recent investment…
getty One of the best ways to improve your career in the finance industry is by listening to other experts and staying up-to-date on the financial news cycle. Thanks to a variety of resources—including social media, podcasts and daily, digestible newsletters—there are hundreds of options for even the busiest professional. Having a curated list of…
Floating village and rock islands in Ha Long Bay, Vietnam. Over the years, Vietnam GDP per capita … [+] has shown remarkable growth, even amid the economic disruptions of the pandemic. getty It goes without saying that the world economy has been going through turbulent times since the outbreak of the pandemic. But amid the…
Kuaishou Earnings Overview Kuaishou reported earnings that came in below analyst estimates, posting a third-quarter loss of RMB -3 billion. Some analysts have lowered their revenue and user growth estimates because of this release, as COVID and other macroeconomic headwinds have weighed on the company’s growth lately. Nonetheless, Kuaishou cut costs and improved its margin…
AFP via Getty Images Two days before Thanksgiving, on November 22, 2022, the Department of Labor (“DOL”) released its much anticipated “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” Between DOL Bulletins and Rules, this represents the fourth rewriting of the fiduciary definition since 2008. This new rule essentially reverses the longstanding…
SPAIN – 2022/03/11: In this photo illustration the Expedia logo seen displayed on a smartphone with … [+] Expedia logo in the background. (Photo Illustration by Thiago Prudencio/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images After a 46% decline year-to-date, at the current price of around $97 per share, we believe Expedia’s stock…