Economy

5 things to know before the stock market opens Thursday

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures essentially flat following Wednesday’s declines Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures were essentially flat Thursday, as …

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'The mood is very grim': Once-hot fintech sector faces IPO delays and consolidation

‘The mood is very grim’: Once-hot fintech sector faces IPO delays and consolidation

Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment. Elena Noviello | Moment | Getty Images AMSTERDAM — Financial technology companies are putting IPO plans on hold and cutting expenses as fears of an impending recession cause a shift in how investors view …

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