Fintech Trends for 2020— Facebook Project Libra, Amazon, and Millennials: The Ledger

Now that we’ve had a little more than a week to decompress from our time in Montauk for Brainstorm Finance, we’ve been reflecting on everything we learned and culling the key trends that emerged from our discussions with top executives. That’s why, in lieu of a guest on this week’s “Balancing the Ledger,” the three […]

Slack Jolts to $21 Billion Valuation In Direct Listing Debt After Shunning IPO

A parade of initial public offerings from Silicon Valley this year have garnered mixed receptions from investors. Slack Technologies Inc. took a different route on Thursday, and saw its shares soar as it went public without an IPO. Slack opened at $38.50 on the New York Stock Exchange Thursday, well above the reference price of […]

‘You Can’t Not Be There’: Why Wall Street Is Lending Billions to China’s Hottest Tech Unicorns

Wall Street banks are taking their unicorn playbooks to China. After arranging billions of dollars in loans for highly valued — and money-losing — U.S. startups like Uber Technologies Inc., banks including Morgan Stanley and Goldman Sachs Group Inc. are angling to do the same for some of China’s biggest unicorns. They helped Bytedance Ltd., […]

Investors Braced For An Earnings Recession. It Doesn’t Look Like It’s Happening

Investors were ready for bad news. Going into this earnings season, there was an expectation that corporate profits would take a hit in the first quarter of 2019, declining from the robust results seen in the same period last year. Some analysts had S&P 500 profits down as much as 4% year-over-year, citing the diminishing […]