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New York
Wednesday, November 13, 2019
Bank of America has announced that it will raise the minimum wage to $20 an hour for 208,000 of its U.S. employees by March 2020. The company had previously planned a pay hike for 2021 but is moving forward with its plans a year ahead of schedule.
Goldman Sachs, one of the largest investment banks in the world, has become a lead investor for venture-backed credit card start-up, Deserve. Goldman joins other investors like Sallie Mae, Aspect Ventures, Mission Holdings, Pelion Venture Partners, and Accel in offering credit cards to non-traditional candidates who might...
Biotech stocks were up 8 percent in October. During the same month, the S&P 500 was up by nearly 2 percent. The iShares NASDAQ Biotechnology Index (IBB) is set for its best month since the beginning of the year. In January, the IBB gained 13.75 percent.
Apple, one of the world’s top tech companies, is experiencing more sluggish trading than it’s accustomed to. The lag is likely due to the ongoing trade war.While Apple’s third-quarter earnings were higher than expected, the company’s stock is only mildly elevated. Investors still seem...
WeWork’s dramatic reversal of fortune since its IPO plans fell through is rocking Wall Street this month. Since unveiling a $900 million loss over six months that caused investors to walk away, the company is strapped for cash.Without a bailout package, WeWork...
Citigroup reported better than expected earnings results this week for the third quarter. The bank report earnings of $1.97 per share, better than the $1.95 anticipated. Revenue of $18.6 billion beat the anticipated $18.545 billion analysts expected.Currency, commodities, and fixed income trading were...
Uber has laid off around 350 of its workers across several divisions, including Uber Eats. This marks the third time the company has laid off since August. Uber’s product, engineering, and marketing teams were hit the hardest in its earlier layoffs.  The latest layoffs are impacting those...
According to a survey by OptumIQ, 62 percent of health care leaders say their organizations have initiated artificial intelligence strategies in 2019. Compared to last year, this is an 88 percent increase. Of these, 90 percent believe they’ll receive a return on their investment earlier than initially...
Wells Fargo announced that it plans to boost its mortgage processing division by bringing on new hires. The San Francisco-based financial services company says that it’s bringing new employees on board as it prepares for higher mortgage volumes that are expected due to lower mortgage rates.
Delta Airlines has announced that it intends to expedite its hiring process to meet unexpected demands. The Atlanta-based airline says the increased demand was fueled by a surprising third-quarter profit. The airline hopes to hire more flight attendants, pilots, airport staff, and reservation agents.