Yellen cautions on stock values and rates
Fed Chair Janet Yellen warned equity valuations are high and that markets face risks as the Fed monitors financial stability. She noted low bond yields push investors toward stocks, while uncertain rate hikes loom and the taper tantrum of 2013 is cited as a cautionary example.
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Lending Club shares rise on strong results and outlook
Lending Club reported an adjusted profit of 2 cents per share on $81.2 million revenue, beating estimates. The San Francisco firm raised its full year revenue target to 385 million to 392 million, as loan originations surged 107 percent year over year to 1.64 billion in Q1 2015, signaling growing interest in peer to peer lending.
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Associated Press
Asians Bypassed for Leadership Roles in Silicon Valley Tech Firms
A study by Ascend based on 2013 data from Google Yahoo Intel HP and LinkedIn shows Asians held 27 percent of professional jobs but only 14 percent of executive posts at five Silicon Valley companies. The report highlights a gender and race gap with Asian women facing a double discrimination and notes wider industry calls for diversity led by Jesse Jackson's Rainbow PUSH coalition.
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