Category: finance
Revolut launches its neobank in the US
European fintech startup Revolut is launching its app and service in the U.S. Starting today, anybody can sign up and get a Revolut debit card. In the U.S., Revolut has partnered with Metropolitan Commercial Bank for the banking infrastructure — deposits are FDIC insured up to $250,000. In just a…
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Activist investor Starboard Value taking three Box board seats as involvement deepens
When activist investors Starboard Value took a 7.5% stake in Box last September, there was reasonable speculation that it would begin to try and push an agenda, as activist investors tend to do. While the firm has been quiet to this point, today Box announced that Starboard was adding three…
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Goldman Sachs predicts brutal second quarter as unemployment spikes above 2 million
Even as the Trump Administration calls for states to not release unemployment data for the month of March, Goldman Sachs on Thursday issued its own predictions on the jobs market and the broader health of the U.S. economy on Friday. The financial services giant is predicting unemployment claims to spike…
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NYSE will temporarily close its trading floor and move to electronic trading only
The New York Stock Exchange will close its trading floor on Monday, March 23 and fully move to electronic trading, the exchange’s operator Intercontinental Exchange announced today. The actual physical locations that will close are the NYSE equities trading floor in New York, the NYSE American Options trading floor in…
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US stocks open lower, erasing recent gains and plunging shares deeper into bear territory
The rollercoaster ride of equity markets continues as all of the major stock indexes opened sharply lower one day after President Donald Trump announced the intention to push through a sweeping aid package — including the potential for a direct payout to most American workers. Domestic indexes had risen sharply…
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Revolut launches Revolut Junior to help you manage allowance
Revolut is introducing a new product specifically targeted toward kids aged 7-17 years old — Revolut Junior. Revolut Junior is a new app and service that integrates directly with the main Revolut app on the parent’s side. Parents or legal gardians who are also Revolut users can create a Revolut Junior…
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