TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise TransferWise, the money transfer company that’s taking on Western Union, is valued at $3.5 billion after a new investment round, making it Europe’s most valuable financial technology start-up. In lowering fees and adding a slick online platform to help consumers move money globally and track their transfers,
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Customers shop at a Target store in Seattle, Washington. David Ryder | Bloomberg | Getty Images Target is set to report first-quarter earnings before the bell Wednesday. Here’s what analysts are expecting, based on Refinitiv data: Earnings per share, adjusted: $1.43 Revenues: $17.52 billion Same-store sales: up 4.2% Target’s earnings follow those of rival Walmart
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Once primarily used for financing purchases such as washing machines or winter coats when the economy was floundering, layaway has a whole new look. Now called point-of-sale loans, installment payments are once again shaking up how consumers finance purchases — on everything from sneakers to skin care. “As brick-and-mortar retailers continue to face challenges, many
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Jonya | Getty Images Economic optimism among young people is at record lows around the world, according to a new research. Deloitte’s 2019 Millennial Survey, published Monday, found that younger generations are not particularly satisfied with their financial situations, jobs, or governments. Researchers from the management consultancy surveyed 13,416 millennials across 42 countries and 3,009
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Shoppers enter the Nordstrom store April 1, 2003 on Michigan Avenue in Chicago. Scott Olson | Getty Images Check out the companies making headlines after the bell: Shares of Nordstrom tanked more than 9% in extended trading after the department store reported first-quarter results that missed on the top and bottom lines. Nordstrom reported earnings
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Dr. William Hurlbut, Paul Dabrowski and Dr. Samarth Kulkarni during a panel discussion ” Genetics, CRISPR and Medical Ethics” at the CNBC Healthy Returns conference in New York on May 21, 2019. Astrid Stawiarz | CNBC After a Chinese scientist last year made history by using CRISPR technology to genetically modify two newborns, the scientific
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When Julie Penwell graduates from Central Washington University this spring, she plans to pursue the career she has been dreaming about since she was 15-years-old — that of a personal financial planner. Penwell decided to pursue the profession after a high school financial planning class gave her what she describes as “base level financial literacy”
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Billionaire technology investor and philanthropist Robert F. Smith announces he will provide grants to wipe out the student debt of the entire 2019 graduating class at Morehouse College in Atlanta, Sunday, May 19, 2019. Steve Schaefer | Atlanta Journal-Constitution via AP Nearly 400 young men at Morehouse College learned on Sunday that their commencement speaker
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AlexRaths | Getty Images Start-ups’ fears of being strong-armed to focus on short-term profits is one reason some are opting to stay private. But those fears may be overblown, if the historical performance of money-losing biotechs is any indication. Much like consumer tech companies going public in 2019 — biotech companies rarely make money going
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Kevin Plank, CEO, Under Armour Here are the biggest calls on Wall Street on Friday: J.P. Morgan upgraded Under Armour to ‘overweight’ from ‘neutral’ J.P. Morgan upgraded the stock after positive meetings with management. “We hosted HQ meetings in Baltimore with CEO Kevin Plank, COO/President Patrik Frisk, CFO David Bergman and Chief Digital Officer Paul
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Cisco’s Chairman and CEO Chuck Robbins speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles in Paris on May 24, 2018. Chesnot | Getty Images Cisco shares rose 3% after hours on Wednesday after the company reported better-than-expected earnings for the third quarter of its 2019 fiscal year, which
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