Tom Blomfield | Monzo Monzo U.K. online bank Monzo has raised £113 million ($144 million) in a fresh round of funding led by the U.S. start-up accelerator Y Combinator. Y Combinator, which has helped create companies such as Airbnb and Stripe, invested in Monzo through its Continuity Fund, which focuses on late-stage start-ups. Monzo is
Finance
Bitcoin is closing in on its highest level in more than a year after soaring above $11,000 over the weekend. The world’s first and largest cryptocurrency hit a high of above $11,307.69 Sunday evening, bringing its one-week gains to more than 20%, according to data from industry site CoinDesk. Prices scaled back slightly Monday, and
The flags of the U.S. and China. Holger Gogolin | iStock | Getty Images BEIJING — The Chinese government would like the U.S. to cancel “inappropriate” actions against Chinese companies, vice commerce minister Wang Shouwen said Monday. The U.S. Commerce Department on Friday added five Chinese technology companies to the so-called entity list that effectively
A Goldman Sachs sign at at NYSE. Brendan McDermid | Reuters Goldman Sachs has offered 1 billion ringgit ($241.73 million) to compensate Malaysia for its role in a multi-billion dollar financial scandal involving a Malaysian state fund — but the prime minister of the Southeast Asian country described that amount as “peanuts.” The U.S. financial
President Donald Trump, left, and Jerome Powell, governor of the U.S. Federal Reserve and Trump’s nominee for chairman of the Federal Reserve, walk to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Saul Loeb | AFP | Getty Images President Donald Trump said
The headquarters building of Micron Technology Inc. stands in Boise, Idaho, U.S. Matthew Staver | Bloomberg | Getty Images Shares of Micron Technology fell on Friday after J.P. Morgan lowered its outlook for the chipmaker due to the U.S. restrictions on Chinese telecom giant Huawei, a big customer of Micron. J.P. Morgan cut its year-end
James Bianco is out with a bullish call that could send stocks flying. The market researcher predicts the Federal Reserve will cut rates not once, not twice — but multiple times starting in July. His chief reason: Inflation is non-existent. “Inflation is surprising them to the downside consistently, and the market is telling them that
The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Alphabet. Jeff Mills was a buyer of the Emerging Markets ETF. Dan Nathan was a buyer of Cisco. Guy Adami was a buyer of Exxon Mobil. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, AMZA,
Tetra images | Getty Images J.P. Morgan Chase is expanding benefits to help employees pay for fertility treatments and surrogacy services, according to an internal memo obtained by CNBC. Employees in the U.S. without a medical diagnosis of infertility can now have up to $30,000 of treatments including in vitro fertilization covered, according to the
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images Check out the companies making headlines midday Friday: Korn Ferry — Shares of Korn Ferry sank more than 17% on disappointing fourth-quarter results. The consulting firm reported a revenue of $491