Dutch digital bank Bunq is facing challenges in securing a banking license from U.K. financial regulators. The CEO and founder, Ali Niknam, expressed hope that they will be successful in obtaining the license by the end of this year or early next year. The process may be more complex due to the differences in regulatory
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Kelly Harry discovered she was underpaid early in her career when she realized her colleague was making significantly more money than her. This realization led to Harry researching the market and the value of her skills to determine the discrepancy in pay. The issue of underpayment is not uncommon in the workplace, with a significant
In recent years, there has been a noticeable shift in the hiring practices of many companies. Instead of focusing solely on traditional metrics like education and years of experience, employers are now placing a greater emphasis on applicants’ skills. According to data from job site Indeed, the share of online job postings in the U.S.
Pfizer recently unveiled exciting news regarding its drug, Lorbrena, in the treatment of advanced lung cancer. The results of a late-stage trial showed promising long-term outcomes, positioning Lorbrena as a potential new standard in addressing this condition. The drug demonstrated the ability to extend patients’ lives without cancer progression for over five years, along with
Billionaire investor Bill Ackman is making headlines once again by selling a 10% stake in his investment firm, Pershing Square. This move is part of a larger strategy to eventually take the firm public, with a recent funding round raising $1.05 billion. The transaction values Pershing Square at $10.5 billion and has garnered interest from
Costco Wholesale managed to exceed Wall Street’s expectations in its third-quarter earnings report, showcasing strong sales growth and lower operating expenses. The company’s total revenue for the quarter reached $58.52 billion, marking a 9.1% increase from the previous year and surpassing analysts’ estimates. Additionally, earnings per share came in at $3.78, outperforming forecasts and displaying
Amid the fluctuating demands of the job market post-pandemic, lower-earning Americans have seen a consistent pace of hiring, even surpassing pre-pandemic levels. The data from Vanguard reveals that the hire rate for the bottom one-third of workers by income, earning less than $55,000 a year, stood at 1.5% in March. This rate has remained relatively
In April, signed sales contracts on existing homes dropped by 7.7% compared to March, marking the slowest pace since April 2020, according to the National Association of Realtors. This decline in pending sales, which are considered a forward-looking indicator of closed sales in the coming months, was also 7.4% lower than in April of the
The Delaware College of Art and Design recently announced its decision to close due to low enrollment numbers for the upcoming academic year. The institution cited issues with the new Free Application for Federal Student Aid (FAFSA) as one of the contributing factors to the decline in student enrollment. According to the college’s president, Jean
Despite underperformance in the public market, clean energy stocks are experiencing a resurgence in private markets. Clean Energy Ventures‘ newest fund, raising $305 million, exemplifies the growing appetite for decarbonization-focused companies. This oversubscribed fund, with a target of $200 million, showcases the interest from limited partners like The Grantham Foundation, Builders Vision, and Carbon Equity.