Chime CEO Chris Britt Source: Chime Chime has raised a new $750 million Series G round of funding that values the fintech company at $25 billion — $10 billion higher than its last reported valuation of $15 billion from October 2020, according to PitchBook data. Chime, a so-called “challenger bank” known for fee-free banking, early paydays
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In this article MNTS The company’s latest-generation Microwave Electrothermal Thruster (MET) undergoes testing in a vacuum chamber at its facility in Santa Clara, California. Momentus Space company Momentus debuted on the Nasdaq on Friday, completing a nearly year-long and turbulent merger process that resulted in a new CEO and the departure of its founders. “In
It can happen to anyone sooner or later. The old clunker gasps its last smoky gasp at the side of the road, and you’re left to face a costly reality: You need new wheels. A shiny new car would be appealing, but your know-it-all friend says buying used is the smarter choice in the long
In this article PYPL The Ebay Inc. Venmo application (app). Andrew Harrer | Bloomberg | Getty Images Venmo launched a credit card feature Tuesday that allows users to convert their cash-back rewards into bitcoin and other cryptocurrencies. The development is part of the broader crypto strategy of Venmo parent PayPal. The company launched a business
In this article VACQ Rocket Lab’s Photon satellite in orbit around the Earth. Rocket Lab Rocket Lab announced a deal with start-up Varda Space Industries on Wednesday to provide three Photon spacecraft to support Varda’s first in-space manufacturing missions beginning in 18 months. “In simple terms, we are the real estate and the utilities for
Updated: July 29, 2021 As of today, July 29, 2021, the benchmark 30-Year Fixed refinance rate is 3.17%, FHA 30-Year Fixed is 3.12%, Jumbo 30-Year Fixed is 3.43%; 15-Year Fixed is 2.42%, and 5/1 ARM is 2.88%. These rates are not the teaser rates you may see advertised online and based on our methodology should
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit. Momentus Space company Momentus will later this week go public on the Nasdaq, a month after settling Securities and Exchange Commission charges that it misled investors. Stable Road Acquisition Corp, a special purpose acquisition company or SPAC, on Wednesday announced its
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup told employees that they’ll need to get the Covid-19 vaccination before returning to its offices, becoming one of the only major U.S. banks to take that stance. The
Treasury exchange-traded funds (ETFs) enable investors to gain exposure to the U.S. government bond market through a stock-like instrument. Unlike individual bonds that are sold by bond brokers, bond ETFs trade on market exchanges. Treasury ETFs offer investors a way to gain passive, and often broad, exposure to U.S. Treasury bonds. They are composed of
Kristine Davis, a spacesuit engineer at NASA’s Johnson Space Center, wears a ground prototype of the new Exploration Extravehicular Mobility Unit (xEMU), during a demonstration on Oct. 15, 2019. Joel Kowsky / NASA Elon Musk offered SpaceX’s services to help NASA make its next-generation spacesuits, after a watchdog report on Tuesday said the agency’s current
In this article ASTR Rocket 3.2 lifts off on December 15, 2020 from Kodiak, Alaska. John Kraus / Astra Publicly traded rocket builder Astra will go for its first launch of the year later this month, aiming to carry a Pentagon payload to orbit. “The Space Force is right now lined up to do a
The reserve ratio is the amount of reserves – or cash deposits – that a bank must hold on to and not lend out. The greater the reserve requirement, the less money that a bank can potentially lend – but this excess cash also staves off a banking failure and shores up its balance sheet.
A Falcon 9 rocket launches the Transporter-1 mission in January 2021. SpaceX SpaceX is acquiring satellite data start-up Swarm Technologies, in a rare deal by Elon Musk’s space company that expands the team, and possibly the technological capabilities, of its growing Starlink internet service. Swarm, which has 120 of its tiny SpaceBEE satellites in orbit,
Dado Ruvic | Reuters The price of bitcoin broke past $46,000 Monday morning after a high stakes weekend for the crypto industry as the Senate continued debating the details of its part in the still yet-to-be-passed infrastructure bill. Bitcoin traded as high as $46,050.61. That marks its highest level since May 16, when it hit
Small-cap exchange-traded funds (ETFs) are designed to invest in a basket of stocks with relatively small market capitalizations. A small-cap company is generally one whose market value is somewhere between $300 million and $2 billion. However, small-cap ETFs are not necessarily restricted to that range, as evidenced by some of the holdings of the ETFs
In this article WFC Wells Fargo signage on May 5th, 2021 in New York City. Bill Tompkins | Michael Ochs Archives | Getty Images Wells Fargo has pushed back plans for employees to return to corporate offices by a month in response to the rise in U.S. coronavirus cases. The bank is now aiming to
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018. Michael Nagle | Bloomberg | Getty Images Given the uncertain financial landscape, investors want to know how they can pinpoint stocks that are poised to deliver
While Morningstar, Inc. (NASDAQ: MORN), the mutual fund and exchange-traded fund (ETF) rating agency, is highly regarded for its investment research, that doesn’t necessarily mean its ratings are always the most accurate. Most investors are not experts, so they rely on third-party ratings to compare and contrast possible investments for their retirement portfolios, none more
Traders at the New York Stock Exchange. Source: NYSE The market is churning at record levels as Covid fears ramp up and political uncertainty swirls, but there are still buying opportunities for investors. On Tuesday, Stephanie Link of Hightower Advisors, Josh Brown of Ritholtz Wealth Management, investor Pete Najarian and I joined Scott Wapner on
Vlad Tenev and Baiju Bhatt attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Shares of Robinhood are popping again on Friday as the volatile stock heads to end its first full week of trading up nearly 70%. Robinhood shares rose 13% to $57.85 on