Finance

The average time taken for a startup to hit unicorn status in Europe is now just seven years, according to Accel. Maskot | Digitalvision | Getty Images Europe and Israel mint an average of five tech startups for every venture-backed company with a valuation of $1 billion or more, according to a new report from

A major activist investor is betting stalled return-to-office plans will stir up more trouble in commercial real estate. Land and Buildings’ Jonathan Litt has been shorting REITs with high office space exposure for three years, and he has no plans to shift gears. “If you have no rent growth and your vacancies are going up

Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: Yelp — Yelp shares surged 11.4% in premarket trading. Activist investor TCS Capital Management confirmed reports that it’s built

People look for jobs at a fair in Shanghai, China, on May 20, 2023. Bloomberg | Bloomberg | Getty Images Record unemployment among China’s young people stems partly from a mismatch between their majors and available jobs, Goldman Sachs analysts said in a report Monday. Graduates from vocational schools studying education and sports rose by

Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023. CNBC Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon. Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts

Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank’s commitment to bringing inflation under control through monetary policy tightening, and said his biggest fear is that the persistence of price pressures is underestimated. Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari on Monday said he’s open to holding off on another

Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), May 3, 2023. Brendan McDermid | Reuters The U.S. Federal Reserve may be forced to defy market expectations by hiking interest rates aggressively again later this year if sticky inflation

Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines before the bell. Foot Locker — Shares tumbled more

In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Morgan Stanley chief James Gorman said Friday he plans to resign as CEO within the year, setting off a succession race atop one of Wall Street’s dominant firms. The bank’s board has narrowed its CEO search to three “very strong” internal candidates, Gorman told shareholders

The investor behind a top 10 global ETF sees a bearish trend in the Big Tech rally. Anna Paglia, who oversees the tech-heavy Invesco QQQ Trust, sees signs investors are starting to take a defensive approach to the group. “If you look at the flows that are flattish year to date, that indicates there’s really

Federal Reserve Chair Jerome Powell said Friday that stresses in the banking sector could mean that interest rates won’t have to be as high to control inflation. Speaking at a monetary conference in Washington, D.C., the central bank leader noted that Fed initiatives used to deal with problems at mid-sized banks have mostly halted worst-case

In this article DIS FL BE Follow your favorite stocksCREATE FREE ACCOUNT Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday. Bloom Energy — The clean energy stock jumped 5.1% following