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Business News

Location American Business News for 16 September 2017

The eurozone may be back on its feet. But is Greece?

The Guardian - 16 Sep 2017 19:00
The eurozone may be back on its feet. But is Greece? Jean-Claude Juncker believes Europe is starting to recover at last. But the picture from the union's most fallible economy is very mixed Is the eurozone on the mend? Jean-Claude Juncker certainly thinks so. The EU presid...
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Financial help for retirees with cognitive impairment or dementia Retirees with cognitive impairment and especially dementia need help managing their money.        
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Bitcoin price yo-yos amid a China clampdown

New York Post - 16 Sep 2017 04:38
Bitcoin price yo-yos amid a China clampdown After a brutal week, bitcoin finally got a bounce. The controversial crypto-currency yo-yoed dramatically on Friday, briefly falling below $3,000 to as low as $2,985 in the morning before hustling in the afternoon to soa...
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HSBC has promoted 2 new heads to run its Wall Street equity capital markets business (HSBC) Thomson Reuters HSBC has promoted two bankers internally to cohead its equity capital markets operation in the US and Canada. Brendan Spinks and Alfred Traboulsi were each named cohead of ECM in North America for the Lon...
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'Record median household income' is hiding a chilling fact

Business Insider - 16 Sep 2017 17:15
'Record median household income' is hiding a chilling fact Bloomberg/Getty One more thing about the new Census Bureau’sIncome and Povertyreport for 2016, which found to the great excitement in the media that median household income, adjusted for inflation (via CPI), rose 3.2% ...
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Against all odds Tesla is still in business -- here's why (TSLA) Reuters/Mike Blake • The auto industry has a history of quickly eliminating competitive threats. • Tesla still isn't perceived as a threat, although it's widely admired. • Automakers remain happy to let Tesla take ...
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A look inside the daily routine of Apple CEO Tim Cook, who oversaw the release of the $999 iPhone X Andrew Burton / Getty Images On Tuesday, Apple announcedits upcoming $999 iPhone X. The new device hits shelves November 3, but the announcement has already made waves across the stock market, Business Insider reported. ...
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A Tech Guru and His Blank-Check Promises

Barron's - 16 Sep 2017 08:34
A Tech Guru and His Blank-Check Promises The lure of the unicorn is still irresistible.
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MLPs Stage a Surprise Post-Harvey Comeback

Barron's - 16 Sep 2017 06:55
MLPs Stage a Surprise Post-Harvey Comeback The energy-focused stocks took a big hit in August, but now the worst looks to be over.
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GOLDMAN SACHS: 2 big reasons the stock market is safe from a correction Spencer Platt/Getty Images Clients of Goldman Sachs can't stop asking about the possibility of a major stock market downturn. And can you really blame them for worrying? After all, it's been 14 months since the S&P 500 h...
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The 6 Essential Elements Of An Effective Marketing Strategy It's not rocket science. Stop over complicating it. It's marketing strategy 101. Go back to the basics.
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Frost Bank: An Undervalued Loan Star in Texas

Barron's - 16 Sep 2017 07:38
Frost Bank: An Undervalued Loan Star in Texas Wall Street is too skeptical about this stalwart. Betting on its parent's stock could produce a 25% gain.
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What if Real People Ran the Fed?

Barron's - 16 Sep 2017 07:23
What if Real People Ran the Fed? The Fed is dominated by economists from many of the same schools. We asked some non-economists what they think the central bank should do.
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Hurricane Irma caused at least 28 million gallons of treated and untreated sewage to flood streets, homes, and waterways In Irma’s wake, Florida deals with a long-predicted apoocalypse. According to more than 100“Public Notice of Pollution”reports submitted to the Florida Department of Environmental Protection, the hurricane caused a...
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Bitcoin Beware - The Empire May Strike Back

Forbes - 16 Sep 2017 03:28
Bitcoin Beware - The Empire May Strike Back To the extent that digital currencies offer a means of making anonymous payments, they fundamentally undercut a key approach to law enforcement and counterterrorism. Given the government's record of demolishing such thre...
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How much you have to earn to be considered rich in every state About 20% of Americans are upper income, according to Pew Research Center. You mightcall them "rich." This group of earners makes at least two times more than the national median householdincome:$59,039 in 2016, accordin...
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Low Fees: Good for Investors, Bad for Business

Barron's - 16 Sep 2017 08:38
Low Fees: Good for Investors, Bad for Business ETFs have become increasingly popular in large part due to their very low costs. How can this industry grow if firms can't make money?
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Shoe chain Aerosoles hotfoots into bankruptcy, plans store closures Women's footwear chain Aerosoles filed for bankruptcy protection with plans to close a substantial portion of its stores        
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LI Ponzi schemer who bought Hamptons resort gets 12 years Brian Callahan is going to miss his ocean views. The Long Island Ponzi schemer -- who used millions in pilfered funds to buy a beachfront resort in Montauk -- will be spending his next 12 years in the clink, the Justice ...
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Investing portfolio: 3 stocks you can keep forever These three stocks could be smart additions to your portfolio for decades to come.        
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Goldman Sachs has a plan for its misfiring bond business (GS) Bryan Bedder/Getty Images for The New York Times Goldman Sachs has a plan. The US investment bank, which has been under pressure over its misfiring bond trading business, on Tuesday set out a strategyto generate an addit...
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4 Ridiculously Cheap Funds Paying Up To 8.2% It's been a pretty wild ride so far in 2017, which is why I'm watching the CEF space like a hawk to get a sense of which closed-end funds (CEFs) are ready to jump and which are ready to slide.
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