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The $18 billion wipeout: Dating app Bumble sold after value plummets
Bumble founder Whitney Wolfe Herd became one of the youngest self-made billionaires in the world when the company listed on Wall Street. Then younger users started souring on dating apps.
‘Danger premium’: Australians pay more to avoid flying via Middle East
As the conflict in the Middle East rages on, travellers are increasingly unfazed and unwilling to pay a “danger premium” for flights avoiding the region.
I’m sick of immigration being blamed for problems it doesn’t cause
But the resurrection of Pauline Hanson and her ratbag One Nation has changed all that, and now it’s on for young and old.
Goldman’s equity traders post big haul as credit, rates miss
Fixed-income and commodities traders bring in US$3.47 billion, much lower than expected
JPMorgan posts surprise drop in fixed-income trading revenue
It says it expects to earn about US$106.2 billion in net interest income this year
Citi profit jumps 40% with higher investment banking, services and wealth revenue
Profit increased to US$5.25 billion, or US$2.85 per share, in the three months ended Sep 30
Private banks intensify efforts to build Singapore talent bench as wealth sector booms
Lenders are hiring more relationship managers as well as stepping up internal development
UBS, Barclays, UOB among private banks growing Singapore talent pool as wealth sector booms
Lenders are hiring more relationship managers as well as stepping up internal development
Markets can absorb current yields which are still ‘pretty normal’, says Franklin Templeton CEO
However, Jenny Johnson has some reservations over Magnificent Seven stocks due to ‘trickier’ risk proposition
Australia central bank saw upside risks to inflation lingering after September rate hike
Markets see a 30% chance that the RBA could raise rates to 4.85% at its next meeting on Nov 3 and 4