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Labor market is certainly slowing, says strategist
  + stars: | 2024-10-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor market is certainly slowing, says strategistNeal Wilson, Co-CEO of EJF Capital, says the labor market is "certainly slowing, but it's not slow" as the directional trend gets weaker.
Persons: Neal Wilson Organizations: Labor, EJF
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed is 'making a mistake' and should not hike interest rates further: EJF CapitalNeal Wilson, co-CEO of EJF Capital, reviews the U.S. economic outlook ahead of the June jobs report and expectations for the Federal Reserve's next interest rate policy move.
Persons: Neal Wilson Organizations: EJF, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed will hike rates if U.S. inflation print is hot — and it'll be a mistake: Asset management firmNeal Wilson, co-CEO of EJF Capital, says he agrees with the International Monetary Fund's report from yesterday.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJobs and inflation data likely to cause bumpiness and volatility in markets, EJF Capital co-CEO saysNeal Wilson, co-CEO at EJF Capital, discusses the outlook for U.S. markets ahead of key jobs and inflation data releases.
It's time to buy AI-powered fintech stock Pagaya Technologies based on its path to growth, according to Canaccord Genuity. Analyst Joseph Vafi upgraded shares of the Israeli-based technology company to buy from hold, and doubled his price target, saying Pagaya is "proving its mettle" despite economic uncertainty. Pagaya Technologies' shares have taken a beating since the firm went public through a special purpose acquisition company, EJF Acquisition. Last year, Pagaya shares plunged 87%, while the S & P 500 fell 19%, according to FactSet data. PGY 6M mountain Pagaya shares over past 6 months.
Fintech Pagaya to lay off 20% of employees
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +1 min
Jan 18 (Reuters) - Financial technology firm Pagaya Technologies Ltd (PGY.O) said on Wednesday it was laying off nearly 20% of its employees across its offices in the United States and Israel. Fintech startups have been some of the biggest casualties of the challenging economic environment since last year, after the Federal Reserve began raising rates to combat inflation. Pagaya said the affected employees were informed by Tuesday. The company listed on NASDAQ last year through a merger with special purpose acquisition company EJF Acquisition Corp in a deal that valued it at $8.5 billion. A special purpose acquisition company is a company that is listed on an exchange solely with the purpose of raising money to acquire another company and take it public.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailADP data indicates pressure in U.S. labor markets, says asset management firmNeal Wilson, co-CEO at EJF Capital, says the ADP figures were "very impactful on the market."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'This is not a 2008' — the banks are fine and capital levels are historically high, analyst saysNeal Wilson, co-chief executive officer at EJF Capital, says he doesn't see "a nasty … prognosis."
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