As the Fed starts unwinding the stimulus it provided to snap the economy back to life, two types of companies should benefit: Banks and those with lower debt than their peers, according to a Goldman Sachs analysis. Following its two-day meeting this week, the central bank is expected to announce that it will begin rolling […]
Read moreAlphabet unit Google has offered to display rival shopping comparison sites via an auction in order to comply with an EU antitrust order to stop favoring its own shopping service, four people familiar with the matter said on Monday. The proposal, which resembles a failed offer made to the European Commission three years ago to […]
Read moreNvidia shares are surging as Wall Street is growing more bullish on the company’s artificial intelligence opportunity. Bank of America Merrill Lynch raised its price target for the chipmaker to the second highest among analyst firms, citing the company’s product leadership in the gaming, data center and AI markets. The move came soon after Evercore […]
Read moreVideo streaming pioneer Roku hopes to raise just over $252 million in an initial public offering as it tries to expand into more households. The Los Gatos, California, company on Monday said it would offer about 18 million shares of stock at $14 apiece. The company had 15.1 million active accounts as of June 30 […]
Read moreCheck out which companies are making headlines before the bell: Nvidia —Analysts at Bank of America/Merrill Lynch raised the chipmaker’s price target to $210 from $185 a share. Merrill noted it expects Nvidia’s cloud capital expenses to grow by 31 percent in the second half on a year-over-year basis and “growing influence in the multi […]
Read moreWorkplace messaging app Slack has raised $250 million in a funding round led by the Japanese tech giant SoftBank, putting its overall valuation at $5.1 billion. SoftBank said Monday that its Vision Fund led a Series G funding round alongside Accel and other investors, topping up its existing $540 million in funding to $790 million. […]
Read moreIn the perennial race between active and passive investment management, there are signs of a shift. After several years of bringing up the rear, active performance has outpaced passive so far in 2017. Various factors suggest that it could stay out front for a few years. This year has been the best for active fund […]
Read moreThe price for the digital currency bitcoin continues to recover after suffering a massive drop last week. The cryptocurrency fell as low as $2,951.15 on Friday, its lowest level since early August. Bitcoin’s value lost about 14.7 percent last week. However, it has since recovered by around 32 percent and is currently trading at $3,923.13 […]
Read moreStreaming service Hulu made Emmy history on Sunday by becoming the first digital platform to win a top series award with its dystopian saga “The Handmaid’s Tale.” The Hulu series adapted from Margaret Atwood’s 1985 book won best drama, the most prestigious award of the night, and seven other awards including best drama actress for […]
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Black and Asian employees at PwC UK paid 13% less than other workers
Black, Asian and minority ethnic (BAME) workers at PwC in Britain are paid nearly 13 percent less than other employees, according to data published by the company on Monday. PwC, one of the world’s top four accounting firms, said its BAME employees were statically paid less because more of them worked in junior or administrative […]
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