Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend management world and take on big players like SAP.The startup said it is looking to acquire a company or companies at the series A stage of their development, referring to early-stage startups that have already raised a significant round of funding.In an interview with CNBC, Hristo Borisov, Payhawk’s CEO and co-founder, said he thinks his firm has a better “product-market fit” than its rivals, which have gained multibillion-dollar valuations by handing out free corporate cards…
Author: insighter
TransUnion is one of the three major U.S. credit bureaus. It also offers a paid credit monitoring service.A good credit score is essential to building a solid financial foundation. That’s why it’s important to know exactly what your credit score is and monitor it for any changes. Watching your score can help you identify any problem areas and make the necessary adjustments. TransUnion allows you to keep track of your credit. Learn more about this tool in our review. TransUnion offers a paid credit monitoring service.The cost is $29.95 per month.Access a personalized debt analysis, credit score trends, and a credit score…
Kelly Monahan, Ph.D., is the managing director and head of the Upwork Research Institute and the author of How behavioral economics influences management decision-making: A new paradigm. Gen Z is set to overtake baby boomers in the workforce, signaling a seismic shift in today’s job market. They are the fastest-growing generation of workers, with 17.1 million entering the labor market in 2023. By 2030, Gen Z is expected to make up 30% of the U.S. workforce, according to Johns Hopkins University. Gen Z has developed a distinct worldview shaped by their shared experiences, yet they bring a rich tapestry of…
Westend61 | Westend61 | Getty ImagesAMSTERDAM, Netherlands — Financial technology startup Nium told CNBC Wednesday it raised $50 million in new funds from investors, and is targeting an initial public offering in the next 18 months.The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital firms BOND, NewView Capital, and Tribe Capital.It places Nium’s valuation at $1.4 billion. That marks a 30% discount to its previous valuation of $2 billion, which the firm notched in 2022 when it last raised external venture capital.Prajit Nanu, Nium’s CEO and founder, said the firm would…
For some, “digital nomad” evokes the image of a young, unencumbered tech worker sending emails from the beach. Indeed, three-quarters of digital nomads are under age 40, according to a 2023 survey of over 1,200 digital nomads by Flatio, an online accommodation platform.Yet some families have joined the digital nomad lifestyle, leaving their belongings — and the idea of a “home” — behind as they travel the globe. The lifestyle may not afford families the same hammock-swinging freedom that digital nomads without children enjoy, but these adventurous parents say the trade-offs are worth it. “We really like the whole adventure,”…
Congestion Pricing Toll Readers are seen here installed on Third Ave. looking North at E. 60th St. Wednesday, Oct. 4, 2023 in Manhattan. (Photo by Barry Williams for NY Daily News via Getty Images)Barry Williams | New York Daily News | Getty ImagesThe MTA is pushing “pause” indefinitely on New York City’s first-in-the-nation congestion pricing plan at the direction of Gov. Kathy Hochul, she announced in a taped statement Wednesday.The toll program, years in the making, had been set to roll out later this month. No new start date has been set.Hochul expressed concerns about the timing and state of city’s post-pandemic…
Dollar Tree is thinking about pruning some of its branches. The discount chain announced Wednesday it has launched a strategic review that could result in the sale or spin-off of the Family Dollar chain. Family Dollar, which Dollar Tree acquired in 2015, has been struggling for some time, dragging down the parent company’s earnings. In March, the company announced plans to close nearly 1,000 stores. The troubles haven’t ended there. Dollar Tree was fined more than $40 million for a rat infestation at a warehouse, forcing hundreds of stores to close temporarily. And the chain has also been in hot…
Barry Sternlicht, chairman and CEO of Starwood Capital Group, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, on May 7, 2024.David Swanson | ReutersBarry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from his real estate fund amid mounting losses and redemption requests.”With all the hysteria in the media, people are saying, ‘I want to get out now and I’ll come back in later when the coast is clear.’ So we took a very tough decision,” Sternlicht said on CNBC’s “Squawk…
A shopper walks past the American sportswear fashion brand Champion store in Hong Kong.Budrul Chukrut | Getty ImagesHanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash consideration, the company announced on Wednesday.The deal has the potential to reach $1.5 billion through an additional cash contingent consideration of up to $300 million if performance thresholds are met, according to a press release from Hanesbrands.The company expects to receive net proceeds of $900 million from the deal, the release says. Hanesbrands said the company plans to use the…
Pride month is an annual celebration of the LGBTQ+ community held in June that takes place in cities around the U.S. Similar festivities have extended around the world, but aren’t always celebrated in June (turns out this time of year is quite cold on large parts of the planet).Whether you’re attending Pride at home or traveling somewhere new, there are a number of ways to ensure you save time and money — and hopefully won’t leave you or your wallet feeling spent at the end.1. Plan your activities in advanceCheck out your destination’s official Pride website to explore any scheduled…
A view of Google Headquarters in Mountain View, California, United States on April 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesEli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company announced Tuesday, almost a year after Alphabet first announced that current CFO Ruth Porat would move into a new role as president and chief investment officer.Ashkenazi had a 23-year career at Eli Lilly, which in a separate release confirmed her departure.”We’re very pleased to have found such a strong CFO, with a track record of strategic focus on long-term investment to fuel…
Ron Baron, founder of Baron CapitalAnjali Sundaram | CNBCBillionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package.The Baron Capital chairman and CEO said Musk’s compensation contract in 2018 included “aggressive” performance metrics that few believed could be achieved. Musk would have earned nothing if these ambitious goals had not been met, he said.”Elon is the ultimate ‘key man’ of key man risk,” Baron said in the letter. “Without his relentless drive and uncompromising standards, there would be no Tesla. Especially considering how he slept on…