Value stocks have outperformed growth plays in recent weeks amid rising yields. This dynamic may continue to play out in the near term as the Fed tightening cycle progresses.
There has been recent turmoil in the U.S. stock markets over the past few weeks as the country starts to take steps toward reopening as a result of the pandemic. However, financial.
News Highlights : Top Financial Services News of the Day
05/19/2021 | 12:16am EDT
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Bank of America to Raise U.S. Minimum Hourly Wage to $25 by 2025 Just over one year after raising its U.S. minimum wage to $20 an hour, Bank of America said it plans to raise its hourly minimum to $25 by 2025.
HgCapital Aims for Up to $1 Billion With Debut Debt Fund HgCapital is pitching a new fund that would provide debt to the private-equity portfolio companies that the London-based firm backs.
JPMorgan Puts CEO Contenders in Charge of Consumer Operation JPMorgan Chase is putting two of the contenders vying to succeed CEO Jamie Dimon in charge of its consumer-banking operation, further cementing them as front-runners to lead the U.S. s biggest bank.