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Business News

Location American Business News for 14 November 2017
A Long-Time Capitol Hill Reporter on the Art of the Hallway Interview "I have chased members of Congress down hallways in high heels, rain boots and, once, because a shoe fell off, sock-footed."
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China may have peaked -- and the world should prepare

Business Insider - 14 Nov 2017 00:48
China may have peaked -- and the world should prepare Reuters/Jonathan Ernst As President Trump travels through Asia this week trying to rally support against North Korea, we are missing what is an even greater challenge, something that could very well change the very natur...
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Yes, R&B Sensation H.E.R. Is Gabi Wilson

Forbes - 14 Nov 2017 16:45
Yes, R&B Sensation H.E.R. Is Gabi Wilson Anonymity can serve as protection for a developing artist--and a useful marketing tool.
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Ikea sees annual UK sales top £1.8bn

BBC - 14 Nov 2017 02:00
Ikea sees annual UK sales top £1.8bn The Swedish furniture giant says UK sales increased by 5.8% during the past financial year.
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Ray Dalio's Bridgewater Boosts Gold And Emerging Markets Holdings The $160 billion fund has more than half its long portfolio in emerging markets
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Under changes announced Tuesday, the San Francisco company will provide a one-day grace period on overdraft fees to its direct deposit customers. It also eliminated overdraft fees on all transactions of under $5.
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4 Top Tips I Learned In My Early Days As An Entrepreneur Want to start your own business? Read this first.
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TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand.
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TheStreet shares soar after company unloads $55M in stock Shares of TheStreet soared 34 percent on Monday after the financial news Web site got rid of $55 million in preferred stock -- which was seen as a hindrance for any possible takeover. The company, co-founded by Jim Crame...
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Once again, the Fed is going to drive us into recession

Business Insider - 14 Nov 2017 04:44
Once again, the Fed is going to drive us into recession Thomson Reuters Jerome Powell is set to replace Janet Yellen as Fed chair in February, pending Senate confirmation. He's expected to follow Yellen's game plan closely and look to normalize interest rates. This could inve...
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Prosper reports $26M loss despite spike in lending

American Banker - 14 Nov 2017 04:08
The San Francisco company is one of numerous online lenders that are struggling to become profitable.
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WATCH: Price differences between shopping in stores and on the internet Walmart sells some items for more online than in person.
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Chinese Singles' Day spending blows Black Friday and Cyber Monday out of the water Americans see Black Friday and Cyber Monday as the ultimate consumer spending extravaganzas, but the annual "record breaking " sales days have nothing on China'sso-called Singles' Day.As we can see in this chart from Sta...
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Hasbro reportedly has sights set on Barbie-maker Mattel GI Joe is making the moves on Barbie -- and the show has Wall Street wagging its tongue. Shares of Barbie's owner, Mattel, surged 21 percent Monday to $17.64 on a report that Hasbro -- which makes GI Joe -- wants to buy ...
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RED BLUFF, Calif. (AP) -- Authorities say 3 dead in shooting in rural Northern California; shooter killed after also wounding kids at school.
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Heartland in Iowa to buy Minneapolis-area bank

American Banker - 14 Nov 2017 17:01
The company will pay $53 million in cash and stock for Signature Bank.
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Government lawyers go to federal court Tuesday to seek dismissal of a lawsuit by developers of the proposed Twin Metals copper-nickel mine who are seeking to regain their mineral rights …
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9 wild stories that reveal the brutally competitive side of Amazon CEO Jeff Bezos Brendan McDermid/Reuters • Amazon is known throughout the business world for being a ruthless competitor — and is on track to become the first trillion-dollar company. • Reports from Brad Stone's "The Everything St...
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(Reuters) - Goldman Sachs Group Inc can hit $13 billion in new consumer loans in the next three years through its Marcus online lending business, Chief Financial Officer Marty Chavez said on Tuesday.
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Startup founders are following Bill Gates' example and going off the grid for weeks at a time Susan Walsh/AP It can be difficult to clear your head when you're surrounded by information and checking notifications. Bill Gates has a tradition of taking two weeks off just for deep reflection every year, a ritual oth...
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Prices at the wholesale level climbed 0.4% in October and 2.8% over the past year, biggest annual jump in more than five years.        
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(Reuters) - U.S. stocks opened lower for the fifth straight day on Tuesday as worries about Republican tax plans and the economy's ability to deal with more interest rate hikes weighed on the mood among investors.
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