Finance

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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Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.
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Check out the companies making headlines before the bell: JPMorgan Chase – The bank reported quarterly profit of $1.98 per share, below the consensus estimate of $2.20, with revenue essentially in line. Consumer, community, and business banking results beat forecasts, but investment bank and wealth management results did not. UnitedHealth Group – The health insurer
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Citigroup posted fourth-quarter revenue that missed analysts’ estimates by a half-billion dollars as bond trading revenue declined amid a difficult December for markets. The bank said fixed income, currencies and commodities desks produced 21 percent less revenue than a year earlier as trading conditions deteriorated after the company gave guidance in early December. Citigroup said
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Mary Kay Bowman, head of payments at Square is going to Visa to be new head of seller solutions, reporting to Chief Product Officer Jack Forestell. Visa announced the hire in a blog post Friday. Square’s shares went slightly negative, about 1 percent, after the announcement. Bowman’s departure from Square comes just months after CEO
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After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington dysfunction and the UK’s upcoming Brexit vote. But analysts do see some potential for
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