Scanning QR codes with a mobile pay app has become the most common way to pay in mainland China.Bloomberg | Bloomberg | Getty ImagesBEIJING — Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, the app...
Category: Finance
Why private equity has been involved in every recent bank deal
Federal Reserve Chair Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response" in the Rayburn House Office Building in Washington, D.C., on Dec. 2, 2020.Greg Nash | ReutersThe $1 billion-plus injection that New...
‘One of the most important innovations in investing’: TMX CEO jumps deeper into ETFs
The Toronto Stock Exchange's parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi.According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business globally."The exchange-traded fund is essentially one of the most important innovations in investing in the...
‘Ghosting’ gets more common in the job market: It’s not a ‘passing fad,’ report says
Fotostorm | E+ | Getty Images"Ghosting" isn't just a dating phenomenon: It has grown more common at the workplace, too. And that unreliable behavior risks reputational harm to employers and job seekers, said career experts.The concept of ghosting — abruptly and unexpectedly ceasing communication with someone (i.e., disappearing) — arose...
Baylor University outperformed the Ivy League in university endowment performance rankings. Here’s how
Watch out, Ivies, there's a new endowment performer in town.Baylor University's $2 billion endowment — a fraction of those in the Ivy League — generated a 6.4% return for the fiscal year that ended June 30, outperforming the entire conference. Harvard's endowment, the largest at $50.7 billion, returned 2.9%.What's more,...