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Read previewRe:cap, a German revenue-based financing startup, has raised $14.6 million in Series A funding. Borrowers can use financing on re:cap to borrow up to 5 million euros, or about $5.5 million, over terms of up to five years. This story is available exclusively to Business Insider subscribers. "Overall, the private debt market is growing tremendously, faster than most if not all alternative asset classes, so the opportunity generally is huge," Paul Becker, CEO and cofounder of Re:cap, told Business Insider. According to Atomico, funding for European startups dropped by 45% year-on-year to $45 billion in 2023, but investment in European fintech dropped well below the wider slump.
Persons: , Paul Becker, Felix, Becker, European fintech Organizations: Service, HSBC Innovation Banking, Business, Felix Capital, Finch Capital, Channel Capital, Avellina Locations: Berlin, European
The election is not going to change that much either way," Roberts said. The market's moves through the year, though, could be important as they have often foretold outcomes in presidential races. Biden endorses taxing the rich whereas Trump pushed through corporate tax breaks while in office. Biden endorses taxing the rich whereas Trump pushed through corporate tax breaks while in office. The trend makes the market's moves in the months ahead potentially consequential for determining the election victor.
Persons: Joe Biden, Donald Trump, Biden, Doug Roberts, Roberts, there's, Trump, we'll, Joe Salmond, There's, Jerome Powell, Salmond, Jerome Powell's Organizations: Federal Reserve, House, Trump, Democratic, Channel Capital Research, Biden, Fed, Thornburg Investment Management, Global, Chase, White, AFP, Getty Locations: U.S, Washington, East, Russia, Wilmington , Delaware, Washington , DC
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Fed officials say they rely on data to determine the trajectory of interest rates. As Doug Roberts, founder and chief investment strategist at Channel Capital Research, said, Fed officials have "to do something, otherwise they lose credibility." Subscribe here to get this report sent directly to your inbox each morning before markets open.
CNBC Daily Open: UBS agrees to buy Credit Suisse
  + stars: | 2023-03-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Fed officials say they rely on data to determine the trajectory of interest rates. As Doug Roberts, founder and chief investment strategist at Channel Capital Research, said, Fed officials have "to do something, otherwise they lose credibility." Subscribe here to get this report sent directly to your inbox each morning before markets open.
U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023. Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. That likely will take the form of a 0.25 percentage point, or 25 basis point, increase, accompanied by assurances that there's no preset path ahead. Markets largely agree that the Fed is going to hike. As of Friday afternoon, there was about a 75% chance of a quarter-point increase, according to CME Group data using fed funds futures contracts as a guide.
London CNN —London is used to punching well above its weight in global financial markets. And 70% of global secondary bond market trading happens in the city, according to the London Stock Exchange. Beyond the jobs they create and the tax they generate, financial markets also channel capital into companies to fund future growth. In other words, to safeguard its future, London needs to reinvigorate its stock markets. Those “unicorns” should be listing in London “at an earlier stage,” Haynes argues, “rather than growing through private equity and being sold off to Nasdaq.”Hoggett of the London Stock Exchange puts it this way: “London needs to be young, scrappy and hungry.”
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