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Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.Courtesy: MonarchThe personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned.The fundraising is among the largest for an American consumer fintech startup this year and values the San Francisco-based company at $850 million, according to co-founder Val Agostino. The Series B round was led by Forerunner Ventures and FPV Ventures.Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals. The field was once dominated by Mint, a…

Denmark has officially raised its retirement age to 70 — and other countries may make similar moves.The Danish Parliament passed legislation on Thursday that will gradually raise the retirement age to 70 by 2040.The change applies to anyone born after December 31, 1970.The bill, which passed with 81 votes in favor and 21 against, marks one of the most significant changes to the state pension age in Europe. It also signals a broader shift in how developed economies are preparing for aging populations and mounting fiscal pressures.The move stems from a 2006 welfare agreement that ties the pension age eligibility…

In February, President Donald Trump announced plans for a $5 million “gold card” visa that would offer green card privileges and a “route to citizenship.”He’s suggested that as many as 1 million people might want to buy one, while Commerce Secretary Howard Lutnick has said 250,000 people were “waiting in line” and “willing to pay the $5 million” fee.This week, Lutnick told Axios that a website where potential applicants could register their interest would go live within weeks and that further details would follow.Dominic Volek, the head of private clients at Henley & Partners, an investment migration consultancy, said the plan…

Microsoft’s CPO Aparna Chennapragada doesn’t buy the idea that coding is on its way out.”A lot of folks think about, ‘Oh, don’t bother studying computer science or the coding is dead,’ and I just fundamentally disagree,” Chennapragada, the tech giant’s chief product officer of experiences and devices, said on “Lenny’s Podcast.””If anything, I think we’ve always had higher and higher layers of abstraction in programming,” she added.Despite fears that AI could ultimately render software engineers irrelevant — or at least materially cut down on job openings in the field — Chennapragada believes that AI only adds a further layer of…

The “T-word” may soon go the way of DEI and ESG.In the months since President Donald Trump began rolling out his shifting tariff policies, companies have been grappling with how to communicate the impact the policy will have on prices. But consumers may be hearing about that less.Instead, phrases like “sourcing costs,” “supply chain expenses” or “import costs” — accompanied with a detailed explanation of measures the company took to mitigate any price increase — will become code for “tariff” in earnings calls and other business meetings, said Denise Dahlhoff, director of marketing and communications research at The Conference Board,…

JPMorgan CEO Jamie Dimon says executives who decide to take on the CEO job can expect two changes to their work.”The first one is there is nobody to complain to,” Dimon told The Economist in an interview published Thursday.The second thing is that a CEO has to take ownership of their decisions, instead of deferring to their superior, Dimon continued.”There is no tacit approval. It is your decision. It’s just different. Heavy is the head that wears the crown,” Dimon said.Dimon, 69, has been serving as JPMorgan’s CEO since 2006. After graduating from Harvard Business School with his MBA in…

President Donald Trump’s push to revive American manufacturing through tariffs may face some hurdles.Despite some high-profile commitments, including Nvidia’s plans for a US-based supercomputer plant and Apple’s pledge to invest $500 billion domestically, a new report from Wells Fargo economists predicts that bringing back offshored manufacturing jobs will be an “uphill battle.””An aim of tariffs is to spur a durable rebound in US manufacturing employment,” Wells Fargo analysts wrote in the report. “However, a meaningful increase in factory jobs does not appear likely in the foreseeable future, in our view.”The report attributes the potentially low factory job growth to high…

Sofía Vergara has a list of what she wants in a partner.During an appearance on the May 14 episode of the “Today” show, the “Modern Family” actor reflected on her dating life and got candid about some of the traits she hopes her future partner will have.”I want to say the basic stuff, like health and somebody that loves me,” Vergara told hosts Jenna Bush Hager and Erin Andrews. “And somebody tall, handsome.””I want somebody that has as much money as me or more, because if not, it’s a nightmare. They end up resenting you. And I want somebody fun.…

Handwritten notes are left at the site of the recent shooting outside the Lillian and Albert Small Capital Jewish Museum on May 22, 2025 in Washington, DC. Two Israeli Embassy staff members, Yaron Lischinsky and Sarah Lynn Milgrim, were gunned down Wednesday evening after an event at the museum by a man shouting slogans in support for Palestine. Tasos Katopodis/Getty Images hide caption toggle caption Tasos Katopodis/Getty Images Handwritten notes are left at the site of the recent shooting outside the Lillian and Albert Small Capital Jewish Museum on May 22, 2025 in Washington, DC. Two Israeli Embassy staff members,…

White House Press Secretary Karoline Leavitt talks to reporters in the Brady Press Briefing Room at the White House on May 22, 2025 in Washington, DC. Chip Somodevilla/Getty Images/Getty Images North America hide caption toggle caption Chip Somodevilla/Getty Images/Getty Images North America The White House has announced that a flight with eight immigrants which was reportedly heading to South Sudan will instead remain in the East African country of Djibouti for at least two weeks, in order to comply with a federal court order. The migrants are from Myanmar, Laos, Vietnam, Cuba, Mexico and South Sudan. Earlier this week, they…