People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | ReutersBEIJING โ Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back its expectations for a reduction to next...
Category: Finance
Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
Jeffrey Smith, CEO and chief investment officer at Starboard Value LP.David Paul Morris | Bloomberg | Getty ImagesStarboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company's board in recent weeks over a number of serious concerns involving its...
This fintech configures expense cards to block misuse โ and investors just backed it with millions
Miragec | Moment | Getty ImagesA startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry.CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards...
Home equity is near a record high. Tapping it may be tricky due to high interest rates
Cultura Rm Exclusive/twinpix | Image Source | Getty ImagesHome equity is near all-time highs. But tapping it may be tough due to high interest rates, according to financial advisors.Total home equity for U.S. mortgage holders rose to more than $17 trillion in the first quarter of 2024, just shy of...
Retail investors may be a step closer to investing in unicorns
An alternative trading platform CEO wants to revolutionize private equity investing to help mitigate a stalling initial public offering market.So, Forge Global's Kelly Rodriques partnered with Accuidity to launch the Forge Accuidity Private Market Index this spring.The ultimate goal: Give more investors easier access to unicorns."This is a major financial...