Pentagon officials have issued a warning about the rapidly increasing investments in U.S. companies that Chinese companies have made “under-the-radar.” According to The New York Times, the Pentagon is worried about America’s most promising technologies being accessed by China through its investments in startups that...
In what might be shaping up as the battle of the bankers, a heavy hitter in the industry is taking aim at JPMorgan CEO Jamie Dimon’s comments earlier this week about the state of financial firms. As CNBC reported, Neel Kashkari, who serves as Minneapolis...
Two hikes or three. Maybe less. On Wall Street, the guessing game over the last several months has been predicated on the “will they or won’t they and when” of rate hikes from the Federal Reserve through this year and beyond. The recent focus has...
Tax reform? No tax reform? Lots of tax reform? Incremental tax reform? Capitol Hill is a land where anything goes, or maybe nothing does. Now, in the wake last month of health care overhaul’s dying on the vine, for better or worse, comes the question, what...
The Investment Tracker accelerated in terms of activity and deal size in the week that ended March 31. For that period, $2.3 billion in fund flows was logged, with the top three transactions coming from the FinTech sector. That marks a change from the previous...
Investors tend to get swayed by smoking-hot tech stocks. But what about smoking-hot smoking stocks? Bloomberg reported that among the biggest names in the Standard and Poor’s Index, which sports a broad swath of industries, tech may be the marquee group behind the first-quarter 5.6 percent...
For the week that just ended, payments stocks were weighted to the positive end of performance, where the top five gainers posted mid-single-digit increases. By way of contrast, only a single stock in our pantheon posted similar metrics to the downside. The leader of the...
Robinhood, the stock trading app, is close to closing a round of funding that could give it a valuation of more than $1 billion. According to a report in Fortune, in November Robinhood had been in talks to raise funding of around $100 million at...
Bank of America is gearing up to invest $1.5 million in a Charlotte, North Carolina, initiative to build a FinTech hub in the city. According to a report, Bank of America said it will commit the $1.5 million over the course of three years to...
