Business

Tech stocks extend post-Fed rally, Dow futures lag

US stocks finished mixed Thursday, highlighted by a vault upward by tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another batch of earnings from the industry’s biggest players. The technology-heavy Nasdaq Composite (^IXIC) soared by more than 3% at the close. The S&P 500 (^GSPC) added 1.5%, while the Dow …

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Personal Finance Startup Stash Names New CEO, Liza Landsman

Stash is a personal finance app for middle-to-low-income users. The startup is named Liza Landsman, former general partner at venture firm NEA, as its new CEO. Landsman spoke to Insider about future plans for the fintech, including a potential IPO. Personal-finance app Stash has a new CEO, and one of her top priorities is making …

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Google for Startups Accelerator: Women Founders Africa Program for women-led tech startups

Application Deadline: February 20th, 2023 Google for Startups Accelerator: Women Founders is designed to bring the best of Google’s expertise, products, people and technology to women-led tech startups up to Series A stage, based in Africa or building Africa-centered solutions with technology. The program includes content and mentorship tailored to the unique needs of women …

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Why Beijing is cheering on the US debt ceiling fight

The US Capitol Building is seen on January 19, 2023 in Washington, DC. Anna Moneymaker | GettyImages The contours of divided government in Washington are now clear: The main point of contention is the looming debt ceiling deadline, and the main area of ​​agreement is addressing systemic competition with Communist China. While they can seem …

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Tech stock ‘meltup’ puts Nasdaq-100 on verge of exiting bear market

A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. indexNDX, +3.38%, Heavily weighted toward megacap names, it was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low close …

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Meta Platforms Shares Surge on Cost Cuts, Stock Buyback

Facebook parent Meta Platforms Inc. META 22.51% Shares are on pace for their best day in nearly a decade after the company embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition. Shares of the social-media company jumped 23% to $188.02 in afternoon trading …

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Buyers, get moving: Today’s mortgage rates fall across all terms | Feb. 2, 2023

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Check out the mortgage rates for …

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Mistake made Kind Snacks a billion-dollar company

This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what led them to make the leap into the unknown. The first time Daniel Lubetzky accepted significant investment money for Kind Snacks, he made a huge …

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European Central Bank raises rates by 50 basis points, pledges further hike in March

Christine Lagarde, president of the European Central Bank, speaks at an event. Bloomberg | Bloomberg | GettyImages The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%. In a statement, he pledged to “stay the course in raising interest rates significantly at a …

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80% of workers who quit in the ‘great resignation’ regret it: new survey

The “Great Regret” is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. 2022 was another record year for quitting — 4.1 million workers left their jobs in December, bringing the grand total for …

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