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Business News

Location American Business News for 18 July 2017

CFPB suffers setback in Respa loss

American Banker - 18 Jul 2017 02:08
A district court judge has ruled in favor of a Louisville, Ky., law firm that was sued by the Consumer Financial Protection Bureau in 2013 for allegedly paying illegal kickbacks in exchange for referrals.
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China mocks Kyle Bass... again

Business Insider - 18 Jul 2017 19:21
China mocks Kyle Bass... again Bloomberg.com We've talked before about what billionaire hedge fund manager Kyle Bass of Hayman Capitaldoesn't understand about China. And now we're going to talk about it again, because China's government has once again...
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Ignore Nvidia At Your Own Peril

Forbes - 18 Jul 2017 17:52
Ignore Nvidia At Your Own Peril This morning's AMD downgrade could mean an opportunity in Nvidia
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6 foods and drinks that Tour de France chefs refuse to serve their riders Daniel McMahon/Business Insider The 198 riders who start each Tour de France are some of the fittest athletes on the planet, and they have to consume an impressive number of calories each day to fuel their bodies in the ...
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18-year-old YouTuber fooled Fox news by pretending to be 'antifa' and calling a police horse a 'racist Trump supporter' YouTube Screenshot (President Trump News Breaking News) When Fox News host Jesse Watters brought who he thought was an anti-Trump militant onto his show, he probably didn't expect to get trolled by an 18-year-old YouTube...
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Proof that Amazon has ravaged the retail industry

New York Post - 18 Jul 2017 05:06
Proof that Amazon has ravaged the retail industry How much damage has Amazon done to the rest of the retailing industry? A lot -- and I have the numbers to prove it. Amazon is now worth roughly $483 billion -- and its stock has traded above $1,000 a share for the last f...
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How One Hedge Fund Solved Low Volatility

Barron's - 18 Jul 2017 11:38
How One Hedge Fund Solved Low Volatility Malachite Capital Partners is handily beating the broad market. Here's how its strategy works.
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No one wants to buy James Dolan's TV networks

New York Post - 18 Jul 2017 08:06
No one wants to buy James Dolan's TV networks Potential suitors are not tuning in to James Dolan's MSG Networks -- and it appears there is no buyer now for the regional sports network, sources tell The Post. "Nothing is happening," a source close to the situation sa...
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"We're following the law, we're not breaking the law, and it's very frustrating," Carlton Reyes says
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The Fed is having problems raising interest rates

New York Post - 18 Jul 2017 04:53
The Fed is having problems raising interest rates The Fed is having problems raising interest rates because the economy is weak, and the economy is weak because people don't want to spend. But here's the irony in all this: Many people -- and they are called savers -- ar...
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Urban FT buys fintech company iParse

American Banker - 18 Jul 2017 20:08
White-label banking platform provider Urban FT has purchased iParse, a mobile banking technology firm and several of its patents.
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7 Deals That Can Save Startups $1,000 Or More Starting a company can be expensive, but a new cash back site passes through savings to founders. With the average startup costing $30,000, these savings can mean thousands extra working capital for your business.
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Could the Fed Cause the Next Bear Market?

Barron's - 18 Jul 2017 18:51
Could the Fed Cause the Next Bear Market? Gold manager John Hathaway writes that the Fed's pursuit of rate hikes could bring down weak economy.
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'These realities will destroy Mr. Trump': Wall Street Journal editorial board tears into Trump over Russia 'fiasco' Getty Images/Pool The Wall Street Journal's editorial board unloaded on President Donald Trump and his family'slack of transparency as it relates to the Russia controversy in a scathing editorialpublishedMonday evening. ...
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Pharma Firms Fighting Opioid Abuse

Barron's - 18 Jul 2017 17:07
Pharma Firms Fighting Opioid Abuse Collegium is seen as a Best Idea and has second-half catalysts. Egalet and Endo are also favored.
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Ericsson shares have plunged by around 10 percent after the Swedish mobile networks company reported a second-quarter loss with sales falling 8 percent, mainly due to lower software demand. It …
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UK 'now less appealing' to rich Chinese

BBC - 18 Jul 2017 07:27
UK 'now less appealing' to rich Chinese Half of Chinese millionaire plan to move abroad, a report says, but their preferences are shifting.
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Marlins sale reportedly in 'chaos' with no end in sight As the auction sale of the Miami Marlins nears its expected end, at least one bidding group feels bogged down in disorganization -- with no clear deadlines or process, sources said on Monday. The sale, being run by team ...
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Ad tech company Rocket Fuel sold for a fraction of its peak $2 billion valuation, and it marks the end of an era Mark Kolbe/Getty Images When a company that pulled in over $450 million in revenue in 2016 and over $95 million during the first quarter of this year suddenly sells forjust $125.5 million, it raises eyebrows. That's what...
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ROKA: Becoming the Next Multi-Billion Dollar Performance Brand Obsession with performance has rocketed ROKA to the top athletic gear brand in triathlon circles. Now they are taking on an even bigger market in performance eyewear.
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Putin Faces Off Against America's Founding Fathers There is much the Kremlin can do to disrupt the seat of power in Washington, but it can't break the checks and balances so cleverly instituted by the authors of the Constitution.
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Walmart says it has removed the listing from its website and called it a "clear violation of our policy"
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