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Business News

Location American Business News for 26 August 2017

We'll all get burned by bitcoin

MoneyWeek - 26 Aug 2017 18:00
You may have steered clear of bitcoin, believing the digital currency to be in a bubble. But as Matthew Lynn explains, that doesn't mean you won't get burned. The post We'll all get burned by bitcoin was first published ...
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A Canary in the Wall Street Coal Mine

Barron's - 26 Aug 2017 07:21
A Canary in the Wall Street Coal Mine A retired hedge fund manager explains why he's short Tesla.
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A more than century-old Newport estate owned by a well-known CEO and possible Republican candidate for governor is still up for auction after failing to sell. The Providence Journal reports …
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Millennials have a new shopping preference that should terrify Lululemon and Athleta Mallory Schlossberg/Business Insider Young Americans may have fallen out of love with yoga pants. The dominant apparel trend of athleisure seems tohavereached its peak in the second quarter of 2017. Athleisure is the tre...
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Anheuser-Busch has had worldwide success with its own beer recipes, and now the company is giving its St. Louis workers an opportunity to develop their own. The St. Louis Post-Dispatch …
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Bracing for the Aging Bull Market's Last Hurrah The Leuthold Group's Doug Ramsey sees a stock pullback soon, then one more up leg by the end of 2017, followed by the bull's death in 2018.
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Federal Reserve Chair Janet Yellen on Friday emphatically defended the web of regulations the Fed helped enact after the 2008 financial crisis, saying it helped restore the banking system's health …
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Here's why bitcoin could be illegal someday

Business Insider - 26 Aug 2017 16:53
Here's why bitcoin could be illegal someday Thomson Reuters Right before I sat down to write this 10th Man, I read a New York Times article about how people are getting their identities stolen via their phone number. The one thing all these people had in common? T...
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3 Reasons You Should Let Your Employees Telecommute, According to Research If you think having your employees work from home would result in lost productivity, research would tell you you're wrong.
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Here's how much the highest-paid women in every US state earn Andy Kiersz/Business Insider Money is power, and men still have more of both. Especially at the top. Despite the multimillion-dollar incomes of women like actress Emma Stone and former Yahoo chief executive Marissa Mayer...
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Can Networking Chips Revive Intel's Start-Up Mojo? The semiconductor pioneer has seen major business lines stagnate. But the advent of 5G wireless may spur demand for its networking chips.
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OPEC-Shale War Could Freeze Oil at $40 to $50

Barron's - 26 Aug 2017 07:15
OPEC-Shale War Could Freeze Oil at $40 to $50 Offsetting production and pricing strategies could prevent big moves in oil prices.
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SAN FRANCISCO
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Court sounds skeptical of Wells Fargo's overdraft fee defense A federal appeals court sounded very skeptical about Well Fargo's eleventh-hour argument that more than 1 million depositors potentially hit with excessive overdraft fees should be forced individually to pursue a remedy ...
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Silicon Valley loves Burning Man and these tech executives are no exception Aly Weisman/Business Insider Among the70,000 or so people who will makethe trip to Black Rock City, Nevada, this weekend for the start of Burning Man will be some of the most influential people in Silicon Valley. Every y...
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WATCH: Gas prices expected to rise as Hurricane Harvey passes over oil refineries 45 percent of the country's oil-refinery capacity is in the Gulf of Mexico.
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Vanguard's New Bond ETFs: Innovative Yet Simple Vanguard's new total-market corporate bond exchange-traded fund is an ETF of ETFs. That's good for investors.
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Wells Fargo takes center stage in arbitration fight

American Banker - 26 Aug 2017 01:08
The San Francisco bank is embroiled in a high-stakes legal battle over the use of arbitration in disputes involving overdraft fees at the same time that adversaries are portraying the scandal-plagued bank as the poster c...
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Here's how stocks perform after a solar eclipse

Business Insider - 26 Aug 2017 16:02
Here's how stocks perform after a solar eclipse Reuters A total solar eclipse may represent a blockage of sunlight, but the stock market has historically caught fire after past occurrences. US equity prices have climbed by 17.2% on average in the year following total ...
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Start college off on the right financial foot

USA Today - 26 Aug 2017 16:00
Start college off on the right financial foot For college-bound students, this time of year is one of many major adjustments and “firsts,” especially when it comes to their finances.        
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An indicator of future home sales in San Francisco is plunging Richard Thornton/Shutterstock Real estate agents listed three reasons for the debacle of pending home sales in the state of California in July: Lack of inventory for sale. This was the top reason for 30% of brokers. The ...
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NASA released a new video of Saturn -- and the images are stunning NASA's Cassini spacecraft first began orbiting Saturn in 2004. For the last 13 years, it has seen sights on Saturn that no other spacecraft has shown us. Here are some of the best images from Cassini's mission, so far. V...
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