In recent years, there has been a notable shift in the way companies approach hiring practices. Rather than focusing on traditional metrics such as education or years of experience, employers are now placing greater emphasis on applicants’ skills and competencies. This shift is reflected in the decreasing prevalence of specific requirements for employment tenure and
Global Finance
Financial thresholds that are not adjusted for inflation can have a significant impact on individuals and households. While some thresholds, such as contribution limits to 401(k) plans, Social Security benefits, and federal income tax brackets, are adjusted annually to keep pace with the rising cost of living, others are not. The lack of inflation adjustments
Billionaire investor Bill Ackman has made a significant decision to sell a 10% stake in Pershing Square in order to pave the way for a future initial public offering. This move involves raising a substantial amount of $1.05 billion in a funding round, which represents a valuation of $10.5 billion. The investors involved in this
Doconomy, a Swedish climate-focused financial technology startup, has recently secured 34 million euros in funding from leading European banks, marking a significant milestone in its growth journey. The company, founded in 2018, offers tools to help bank customers measure the carbon footprint of their everyday spending. With the latest cash injection from a Series B
France has been making significant strides in establishing itself as a prominent player in the artificial intelligence (AI) industry. With a strong focus on innovation and technology, the country has been actively working towards becoming the next AI superpower. The recent Viva Technology conference in Paris showcased the progress France has made, with discussions revolving
John Williams, the New York Federal Reserve President, recently shared his views on the current state of inflation, expressing his belief that it is still too high. However, he remains optimistic that inflation will begin to decelerate later in the year. Despite the market’s anticipation of potential interest rate cuts, Williams did not provide any
Kohl’s shares took a drastic nosedive of more than 20% in premarket trading as the company shocked investors with a loss per share instead of the expected profit. The loss equated to 24 cents per share, a stark contrast to the 4 cents profit that Wall Street had anticipated. Additionally, the revenue fell short of
The CEO of Trustly, Johan Tjarnberg, recently disclosed to CNBC that the Swedish fintech startup is not in a rush to go public with an initial public offering (IPO) despite a substantial increase in operating profit. Tjarnberg emphasized the importance of proving the value and impact of the company’s open banking technology to investors before
The lawsuit filed against famed short seller, Jim Chanos, by Conlon Holdings accuses him of embezzling funds for personal use. The allegations claim that Chanos used his own firm, Chanos & Co., as a “piggy bank” by borrowing $10 million in loans over a period of more than a decade. Chanos vehemently denied these accusations,
Clean energy stocks may be struggling in public markets, but there is still strong interest in companies focused on decarbonization in private markets. Clean Energy Ventures recently announced the closure of its second fund, raising a total of $305 million. The fund initially had a target of $200 million but was oversubscribed due to interest
Recent trends in travel show a noticeable shift in the preferences of Chinese travelers. According to a survey conducted by consulting firm Oliver Wyman, only 14% of high-income households in mainland China that traveled internationally last year plan to go abroad again in 2024. This change in behavior can be attributed to several factors, including
The recent shift in the settlement process on Wall Street, transitioning to a T+1 settlement cycle, signifies a significant change in the way trades are executed. Previously, trades required two business days to settle, but starting this week, trades of stocks and other securities will need to be settled by the end of the next