Tag Archives: Finance

Bloomberg China Tech Crackdown Cycle Nearing an End, Top Investor Says (Bloomberg) — Beijing’s antitrust crackdown on homegrown tech giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That’s the view of Hyomi Jie at Fidelity International Ltd., whose China consumer equity funds oversee $7.3 billion in assets. One has beaten 96% of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding Ltd. and… Source link

Bloomberg Rent the Runway Interviews Banks for U.S. IPO This Year (Bloomberg) — Rent the Runway Inc. is interviewing banks in preparation for an initial public offering that could come as early as this year, according to people familiar with the matter.Discussions are at an early stage and the company could still decide not to pursue an offering, the people said, asking not to be identified because the matter is private.Rent the Runway, based in New York, raised funds last year at a valuation… Source link

The latest decentralized finance (DeFi) protocol to get big backing from venture capitalists is Impossible Finance for a multi-chain incubator project. In an announcement on June 3, the DeFi protocol declared that it had secured $7 million from over 125 institutional and angel investors. The round was co-led by True Ventures, CMS Holdings, Alameda Research, and Hashed. The list of additional investors was extensive and included Sino Global Capital, IOSG, Divergence, GBV, Lemniscap, Primitive,… Source link

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance to discuss the labor market and the next steps for Fed policy. Below is a transcript of his appearance on June 3, 2021. — BRIAN CHEUNG: Joining us here in a Yahoo Finance exclusive interview is New York Fed President John Williams. Thank you so much for joining us here on the platform this afternoon. Obviously I want to kick things off with the economic data. A lot of eyes on the jobs report covering… Source link

John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance to discuss the labor market and the next steps for Fed policy. Below is a transcript of his appearance on June 3, 2021. — BRIAN CHEUNG: Joining us here in a Yahoo Finance exclusive interview is New York Fed President John Williams. Thank you so much for joining us here on the platform this afternoon. Obviously I want to kick things off with the economic data. A lot of eyes on the jobs report covering… Source link

Reuters Nippon Steel may beat profit forecast on strong overseas demand – executive Nippon Steel, the world’s No.3 steelmaker, may beat its own profit forecast for the year to March 31, 2022, as its exports and overseas businesses benefit from robust demand and strong steel prices, a senior company executive told Reuters. “Overseas steel demand is fairly strong,” Executive Vice President Takahiro Mori said in an interview. “As China, which produces nearly 60% of global steel, intends to cut… Source link

Polen Capital Management recently released its Q1 2021 Investor Letter, a copy of which you can download here. During the first quarter of 2021, the Polen Global Emerging Markets Growth Composite Portfolio returned 0.17% gross of fees, while the MSCI Emerging Markets Index was up 2.29%. You should check out Polen Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year. In the Q1 2021 Investor Letter, the fund highlighted a few stocks and… Source link

Joins CNBC and Yahoo Finance to discuss the May results of the Recruiter Index® HOUSTON, TX / ACCESSWIRE / June 2, 2021 / Recruiter.com Group, Inc. (OTCQB:RCRT), an on-demand recruiting platform, is pleased to announce its Chairman and CEO, Evan Sohn, will present the results of the Company’s Recruiter Index® for May 2021 on CNBC’s “The Exchange” and Yahoo Finance Live later this week. Sohn will appear live on CNBC, Thursday, June 3, on “The Exchange,” which airs 1 p.m. to 2 p.m. ET, and on… Source link

Reuters Top Credit Suisse European FIG banker joins Jefferies -sources LONDON (Reuters) -Credit Suisse has lost a key dealmaker in Europe, two sources familiar with the move said, as a pay-driven exodus of top investment bankers which began in the United States spreads. Switzerland’s second-largest bank is struggling to retain staff after trimming bonuses to tackle losses of more than $5 billion stemming from the collapse of U.S. investment firm Archegos and the impact of suspending funds… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link