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Business News

Location American Business News for 10 August 2017

Big banks kick small-business lending into high gear

American Banker - 10 Aug 2017 01:08
The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online l...
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Sharon Stone shared her 'Basic Instinct' audition tape, and it's as sinister as you'd think TriStar Apparently Sharon Stone couldn't wait for Throwback Thursday. On Wednesday, the actress shared an audition tape for "Basic Instinct" on Twitter. In the video, she's reading lines with directorPaul Verhoeven, who'...
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Here's what you need to know about Tesla's plan to raise $1.5 billion (TSLA) Asa Mathat | D: All Things Digital Following comments from management last week,Teslaannouncedthis morning that it intends to raise $1.5 billion in debt. CEO Elon Musk acknowledged on the earnings call that the company m...
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Oracle offers API to link banks to fintechs

American Banker - 10 Aug 2017 19:08
Oracle Corp. is offering a payments application programming interface based on the ISO 20022 standard that will allow banks to more easily collaborate with fintechs and other third parties.
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A Young Bedouin Doctor Pioneering Genetic Testing In Israel's Negev Desert Dr. Yasmeen Abu Fraiha fled her Israeli Bedouin town in the Negev Desert when she was five in the dark of night for a nearby affluent Jewish suburb. Now she's back to help her community escape the problems of genetic dis...
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Janet Yellen is getting the wrong message from a stubborn soft spot in the job market Brian Kersey/Getty Images Fed officials are convinced labor force participation declining due to an aging workforce Data showing rises in participation for minorities suggest the Fed is wrong Keeping rates low for longer...
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FCC chairman under fire for 'conflict of interest' in sale of prison phone company FCC Commissioner Ajit Pai is getting called out by a human rights group in a controversy over pricey phone calls for prisoners. Pai has a "clear conflict of interest" in approving a sale of prison phone company Securus T...
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State officials have launched an investigation into a Sumas blueberry farm to determine if any workplace conditions caused the death of a temporary worker who died Sunday. Honesto Silva Ibarra …
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Step aboard the USS Kearsarge, the US Navy workhorse that takes Marines to war The USS Kearsarge Amphibious Assault Ship carries 2,000 Marines to and from their missions along with their equipment and weapons.
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This community bank's march to a different beat

American Banker - 10 Aug 2017 01:08
Triumph Bancorp in Dallas has successfully taken chances on out-of-state acquisitions, factoring and other nontraditional strategies that many of its peers have avoided.
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Really Focused on Manafort

TPM - 10 Aug 2017 22:44
Picking up on my earlier post about why Trump’s lawyer appears to be signaling that he fears materials seized from Paul Manafort’s home may incriminate the President, let me say this. It’s quite possible that John ...
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Lampix's Augmented Reality 'Crypto' Crowdfund Scores $4.5M, Targets $60M US-based Lampix, which transforms any flat surface into a smart surface using machine learning and computer vision with Bloomberg among its clients, has so far raised $4.5m in a crowdfund towards a $60m goal to build the...
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6 Smart Ways to Play the Retail Sector

Barron's - 10 Aug 2017 19:51
6 Smart Ways to Play the Retail Sector Goldman Sachs offers ways to play Best Buy, Target and other retailers ahead of earnings season.
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Snap is slipping ahead of second quarter earnings (SNAP, GOOGL) Getty Snap is set to report its second quarter earnings after the bell Thursday, and investors seem slightly worried. Snap is trading 0.88% lower on Thursday, as investors look ahead to earnings. In the week before earni...
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How well do you know your credit cards?

ABC News - 10 Aug 2017 16:39
How well do you know your credit cards? How well do you know your credit cards? Test your knowledge
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Walmart's latest strategy confirms the death of the American middle class as we know it (WMT, AMZM) Birchbox Walmart is getting into aspirational retail — and it says a lot about the American economy. On Wednesday, Recode reported that online cosmetics subscription service Birchbox has discussed a potential sale to r...
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Malls are getting inventive to attract shoppers

Business Insider - 10 Aug 2017 16:33
Malls are getting inventive to attract shoppers BI Intelligence This story was delivered to BI Intelligence "E-Commerce Briefing" subscribers. To learn more and subscribe, please click here. Mall owners Simon Property Group and General Growth Properties (GGP) are intr...
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Facebook Announces Its New YouTube Competitor The new platform, know as 'Watch,' will offer original episodic shows and let users discover videos outside their feed.
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Technology companies were leading a broad slide in U.S. stocks in early trading Thursday as investors pored over the latest batch of corporate earnings reports. Banks and retail chains were …
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Tech companies lead broad slide in US stocks; oil rises Technology companies are leading a broad slide in U.S. stocks in early trading as investors pore over the latest batch of corporate earnings reports
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GUNDLACH: Gold's chart has 'one of the most bullish' patterns around Gold has been gaining steam over the last couple of days following news that North Koreacould make nuclear warheads small enough to fit on missilesand the intense rhetoric that followedbetween President Donald Trump and ...
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The Ford Raptor is the world's most extreme pickup -- here's what it's like to drive (F) Matthew DeBord/BI Ford has a Performance division that does exactly what you'd expect from a performance decision: create go-fast vehicles, ranging from the Fiesta ST at about $21,000 to the ultra-exclusive $400,000-plus...
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