Tech companies are bringing job candidates back into the office for an extra screening measure: whether they are using AI. Nick Bloom, a Stanford economics professor known for his research on remote work, says AI is undermining the virtual coding tests and interviews that tech firms have long used to assess candidates. “A lot of […]
Good morning. Apple briefly crossed $5 trillion in market value this week—and how it got there should matter to finance professionals. Fortune’s Shawn Tully reports that Apple briefly reached the milestone on Tuesday, becoming only the second company in history to hit the $5 trillion mark, less than a year after first surpassing $4 trillion. […]
Gross inflows totalled £69.3bn, against £68.2bn in H1 2025. Credit: Piotr Swat/ Shutterstock.com. Schroders has posted adjusted operating profit of £459.8m ($618.3m) for the first half of 2026 (H1 2026), compared with £316m in the same period a year earlier. Pre-tax profit came in at £396.8m, up from £196.9m in H1 2025, after accounting for […]
In early trading on Friday, shares of Monolithic Power Systems topped the list of the day’s best performing components of the Nasdaq 100 index, trading up 15.0%. Year to date, Monolithic Power Systems registers a 67.0% gain. And the worst performing Nasdaq 100 component thus far on the day is Apple, trading down 9.8%. Apple […]
Affluent, self-employed borrowers dominate the space Hutchens said the typical non-QM borrower profile has remained consistent throughout the year to date. “It’s staying pretty much the same. It’s pretty affluent – bank statement, self-employed borrowers,” he said. “Those average loan amounts continue to rise, and the credit quality [too]. The average FICO is over 750. […]
Bank credit to industry accelerated sharply in June, growing 19.2 per cent year-on-year (YoY), nearly three times the 6.3 per cent growth recorded in the corresponding period last year, driven by broad-based expansion across micro, small, medium and large industries, Reserve Bank of India (RBI) data on sectoral deployment of credit showed. […]
From a young age, Tom Giordano, general manager of New York for Suffolk Construction, had one goal. That was to follow in his uncle’s footsteps and become a lawyer to benefit his community. After going from litigation to representing general contractors, developers and design professionals on legal matters, he joined Morse Diesel Construction in 1999, […]
Circle Internet Group, Inc. (CRCL), the issuer of USDC, the world’s second-largest stablecoin, announced Friday that it secured a limited purpose trust charter from the New York Department of Financial Services (NYDFS). The trust charter is an official state banking authorization that allows the holder to legally provide fiduciary, custody and asset-management services under the […]
When Santander Portugal was named the country’s best bank at this year’s Euromoney Awards for Excellence, numbers did much of the talking. A record return on tangible equity of 31.8%, net profit of €963.8 million and an efficiency ratio of 28% in 2025, well ahead of the sector average, were all impressive. But the bank’s […]
Plus, Kaufman Rossin launches a PE practice; Centri announces promotions; and other firm and personnel news from across the profession.