British lending start-up MarketInvoice said Monday that it secured £56 million ($72 million) in a mix of equity and debt funding from investors. The London-based financial technology firm lets small-to-medium enterprises sell their unpaid invoices through an online platform to gain access to working capital loans. MarketInvoice said the investment consisted of a £26 million
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BlackRock, the largest asset manager in the world, reported quarterly earnings and revenue that missed analysts’ expectations on Wednesday. Here’s how the company did compared with what Wall Street expected: Earnings: $6.08 cents per share vs. $6.27 per share forecast by Refinitiv Revenue: $3.434 billion vs. $3.516 billion forecast by Refinitiv The company’s assets under
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China is set to post its highly anticipated 2018 growth figures on Monday as the world watches for signs of economic struggles amid Beijing’s ongoing trade dispute with the U.S., its largest trading partner. For 2018, the world’s second-largest economy is expected to post the country’s slowest growth in 28 years, economists polled by Reuters
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Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 89 cents per share, according to Refinitiv. Revenue: $9.295 billion. Wealth management: $4.45 billion revenue, according to FactSet Trading: Equities: $2.04 billion. Fixed income: $800 million. Under Chief Executive Officer James Gorman, Morgan Stanley has
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January 20, 2009 was a historic day, as Barack Obama became the first African-American president in United States history. It was also a chilling time in the economy, as major financial institutions were still struggling and the country was bleeding hundreds of thousands of jobs every month. The government’s response was still uncertain, with many
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Top U.S. aluminum producer Alcoa beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company’s shares were down 1.6 percent in extended trading, reversing course after rising as much
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The twin ports in Los Angeles and Long Beach are cited by environmental authorities as some of the worst sources for the region’s endemic air pollution, a problem regulators aim to address with a planned phase-out of the 16,000 smoke-spewing diesel trucks that service the shipping centers. What sort of clean technology will replace them
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Your employer is worried about your balance sheet. “Financial wellness” — or improving the overall health of their workers’ finances — will be front and center for companies this year, according to a recent survey from Callan. The investment consultancy polled 106 employers in October 2018. “Investing” and “retirement plan contribution levels” round out the
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Netflix posted mixed fourth-quarter earnings results Thursday, sending shares down roughly 4 percent in extended trading. Here’s how the company did compared with Wall Street estimates: EPS: 30 cents, vs. 24 cents forecast by Refinitiv consensus estimates Revenue: $4.19 billion, vs. $4.21 billion forecast by Refinitiv consensus estimates Domestic subscriber additions: 1.53 million, vs. 1.51
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Early estimates for next year’s Social Security cost-of-living adjustment are in — and they’re nothing to celebrate. In fact, at the rate we’re going, there might not be a cost-of-living adjustment for 2020 at all, according to Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League. The non-profit organization tracks how
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In the wake of Nike’s 30th anniversary of the “Just Do It” campaign, the company just did it. The major retailer featured former NFL quarterback Colin Kaepernick in its ad campaign with the message: “Believe in something. Even if it means sacrificing everything.” Has the Kaepernick gamble paid off? Plus, Facebook’s Sheryl Sandberg and Twitter’s
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