Month: December 2021

OBSERVATIONS FROM THE FINTECH SNARK TANK For readers unfamiliar with the Fintech Snark Tank, this annual list subscribes to the Deep Throat approach to ranking banking technologies. I wish that was a porn reference, but it’s not. In the movie All The President’s Men, Woodward and Bernstein meet their informant—whom they refer to as Deep Throat—in
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A recruiter hands out information to a job seeker during a job fair in Miami, Florida, on Dec. 16, 2021. Eva Marie Uzcategui/Bloomberg via Getty Images Initial claims for unemployment benefits ended 2021 near pre-pandemic levels, after an improving labor market led claims to fall roughly fourfold over the course of the year. However, a
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Bitcoin and cryptocurrency prices have dropped this week, wiping over $200 billion in value from the combined crypto market—despite some bold bitcoin price predictions. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’ The bitcoin price has fallen around 6% since Monday, dropping from
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Saul Loeb | AFP | Getty Images New Year’s Day luck could end up making a Powerball player a few hundred million dollars richer.  No ticket matched all six numbers drawn Wednesday, which means the jackpot has climbed higher: It’s an advertised $483 million for Saturday night’s drawing, up from $441 million. The top prize
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[Updated: 12/30/21] NKE Stock Update Nike’s stock (NYSE: NKE) recently reported its Q2 report, wherein revenues were in line and earnings were comfortably above Trefis estimates. The company surpassed market expectations on the top and bottom lines in its fiscal Q2 earnings with reported revenues of $11.4 billion, up slightly year-over-year (y-o-y), and EPS of
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A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images Some 2021 Asia-Pacific IPOs have seen a sharp reversal in their fortunes since their strong market debuts. At the top of the list is Chinese short video company and Tiktok-rival Kuaishou, which more than doubled from
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In this article JBLU JetBlue Airways Airbus A320 passenger aircraft landing at John F. Kennedy International Airport in New York City. Nik Oiko | LightRocket | Getty Images JetBlue Airways is cutting close to 1,300 flights from its schedule from Thursday through mid-January in anticipation of more Covid-19 infections among pilots and flight attendants. New
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FG Trade | E+ | Getty Images Vanguard investors have been grappling with partial website outages over the past several days that have blocked some customers from trade confirmations, certain statements and forms. These interruptions may cause problems for those making year-end transactions, such as required minimum distributions, as there’s a 50% penalty for missing the
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U.S. stock index futures were little changed during overnight trading Wednesday after the S&P 500 and Dow Jones Industrial Average closed at new records. Futures contracts tied to the Dow Jones Industrial Average inched higher, while S&P 500 futures were unchanged. Nasdaq 100 futures were slightly lower. During regular trading on Wednesday the S&P 500
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U.S. Secretary of Education Miguel Cardona. Bloomberg | Bloomberg | Getty Images After making payments on her student loans since 2005, Karen Tongson is finally free of her debt. In November, Tongson, an English and gender studies professor, signed into her loan account and discovered her balance had fallen from $47,000 to $0, thanks to
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Christmas shoppers in London on Dec. 23, 2021. Hasan Esen | Anadolu Agency | Getty Images LONDON — Horrific scenes seen in previous Covid-19 waves are “now history,” according to John Bell, a regius professor of medicine at the University of Oxford and the U.K. government’s life sciences advisor. Speaking to BBC Radio 4 on Tuesday, Bell
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To invest well in 2022, investors need to know what’s happening. With the inflation cycle having arrived, fulsome analysis is critical. Having access to compete, relevant data is essential now because media coverage of inflation’s effects is incomplete and misleading. Fortunately, there is an outstanding source, and it is free. The website, FRED (Federal Reserve
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Marko Geber | DigitalVision | Getty Images Employers are increasingly putting retirement savings on autopilot for their workers. About 62% of businesses with a 401(k) plan used automatic enrollment in 2020, up from 60% the year prior and 46% a decade ago, according to the Plan Sponsor Council of America, a trade group. This feature
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