dispel

Fintech banking app Dave wants to dispel doubts after 97% stock plunge

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Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The Los Angeles-based company got caught up in the waves rocking the world of money-losing growth companies this year after it went public in January. But Dave … Read more

Jay Powell does little to dispel expectations of third big rate rise

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Jay Powell did little to dispel expectations on Thursday that the US central bank will deliver a third consecutive 0.75 percentage point rate rise, saying the Federal Reserve needed to act “forthrightly” to ensure elevated inflation did not become entrenched. In his last public remarks before the bank’s policy meeting later this month, the Fed … Read more