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What the Fed Interest Rate Increase Will Mean For You This Time
It was, once again, one of the worst kept secrets in economic history. Just like it did a year ago, the Federal Reserve on Wednesday sent its key short-term interest rate up by a quarter of a...
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The Ugly Unethical Underside of Silicon Valley
The Ugly Unethical Underside of Silicon Valley As the list of startup scandals grows, it’s time to ask whether entrepreneurs are taking “fake it till you make it” too far. Vinod Khosla did not show up...
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Why 2016 Was Actually a Pretty Good Year For Tech IPOs
If you are sensible, you enjoyed the holidays fully and stayed far away from the business news. If on the other hand, you are a creature of habit or discipline and wanted to keep in touch with the...
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J.P. Morgan Chase Earnings Beat Expectations but Just Missed a Milestone
J.P. Morgan Chase just missed getting back into the 12-figure club. The biggest bank in the nation reported Friday that its earnings shot up 30% in the fourth quarter of 2016, compared to the quarter...
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‘Chinese Dragons’ Overtake U.S. in Financial Tech Investment
China has unseated North America as the global investment leader in financial technology, or “fintech,” according to Citigroup’s c latest report on “digital disruption.” The researchers attribute the...
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LendingClub Posts Third Straight Quarterly Loss
Online lending platform operator LendingClub reported its third straight quarterly loss, largely due to higher costs. The company also forecast net revenue for the current quarter at between $117...
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Here’s Why This Top VC Says Amazon Is Set to Rule the Fintech Game
If any technology company makes a major move into payments and banking, the most obvious candidates are Apple AAPL and Google GOOG . After all, both have a lot of experience thanks to the Apple Pay and...
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One of Donald Trump’s Oldest Friends Also Wants to Repeal Dodd-Frank
Repeal Dodd-Frank or admit that you’re satisfied with a miserable outlook for economic growth forever. That’s not just the apparent opinion of Donald Trump, but also one of his oldest friends....
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Data Sheet—Friday, March 3, 2017
The blessed moment has occurred. Snap is public. The “camera” company priced its shares at $17 a share, they opened at $24, traded as high as $26--too bad for those investors, right?--and settled...
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Why Snap’s IPO Was Actually a Success
The blessed moment has occurred. Snap is public. The “camera” company priced its shares at $17 a share, they opened at $24, traded as high as $26--too bad for those investors, right?--and settled...
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Trump, Palantir, and the Battle to Clean Up a Huge Army Procurement Swamp
Trump, Palantir, and the Battle to Clean Up a Huge Army Procurement Swamp Will the President help Peter Thiel's company, which says it has a product that could save soldier's lives? body { display:...
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The 40 Best Companies in Financial Services
When you think about the financial services industry--cuddly, warm, and trustworthy might not be the first adjectives that come to mind. But these banks, insurance companies, and more win high marks...
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LendingClub’s Ousted CEO Renaud Laplanche Is Launching a New Online Lender
Renaud Laplanche, who abruptly stepped down as CEO of LendingClub Corp in May, has launched a new online lender called Upgrade, the company said on Thursday. San Francisco-based Upgrade has raised $60...
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Venture Capital Enthusiasm for Fintech Startups Shifts to Europe
Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” companies in the United States cooling but soaring in Europe, according...
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This Startup Wants to Modernize Public Finance
When the city of Lawrence, Kan. wanted to borrow $650,000 to pay for a new fire truck for its local fire department, it didn’t use traditional banks and bonds to borrow money. Instead it turned to...
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Discover Financial Services
The parent of the Discover and Diners Club cards is a direct banking and payment service company that offers consumer banking and lending.
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Amazon Is Reportedly Interested in Buying Messaging Startup Slack
Slack Technologies, a corporate messaging and collaboration software startup, has received inquiries about a potential takeover from technology companies including Amazon, Bloomberg reported on...
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LendingClub Shares Soar 13% on Smaller Loss
Online lending platform operator LendingClub reported a smaller loss on Monday, helped by higher net interest income and a drop in expenses. Shares of the company lc were up 13.2% at $5.90 in...
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Online Lenders Upbeat About Turnaround, But Worries Linger
LendingClub and OnDeck Capital surprised investors on Monday with strong growth forecasts that sent the online lenders’ stocks soaring, but analysts said the sector’s health was still a concern. Online...
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SoFi Is Being Sued by an Employee Claiming He Was Fired for Reporting Sexual...
A former employee of the lending startup Social Finance, better known as SoFi, has filed a California lawsuit alleging that he was fired for reporting sexual harassment of female coworkers. The...
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