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Business News

Location American Business News for 14 February 2018
4 Fed rate hikes could have a big impact on the housing market Alex Wong/Getty Inflation suddenly looks like it could be making a comeback, and a very loose fiscal policy could amplify that. Many Wall Street commenters and even some Fed members now think the central bank could raise...
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Trump's personal lawyer admits he paid a former porn star $130,000, but says the money came out of his own pocket Richard Drew/AP Michael Cohen, the long-time attorney for President Donald Trump, said he personally made a payment of $130,000 to porn star Stormy Daniels. Cohen stressed that neither the Trump campaign nor the Trump Or...
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10 cities on the verge of a housing bubble

American Banker - 14 Feb 2018 03:08
Here's a look at the 10 housing markets with the biggest gap between growth in home prices and wages that could indicate a housing bubble is forming.
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Stocks open lower after inflation gains rattle Wall Street U.S. stocks fell half a percent at the open on Wednesday, following three days of gains, after data showed core inflation posted its biggest gain in a year in January, stoking fears of faster-than-expected increases in i...
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Tim Cook explains why you're never going to visit the inside of Apple's new $5 billion headquarters (AAPL) Apple Apple just finished a $5 billion headquarters called Apple Park. Some say it's an architectural landmark. Non-Apple employees are not allowed in, though, and Apple's not likely to offer tours. It's because there's ...
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Jamie Dimon isn't losing sleep over the stock market's biggest fear The stock market hit a rough patch last week, when fears around faster-than-expected wage growthtriggered a correction. Inflation in January rose more than economists forecast, a report from the Bureau of Labor Statistic...
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Why the Online Gaming Industry is Ripe for Disruption Why the online gaming industry is ripe for disruption
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Japan GDP slows to 0.5% in final quarter of 2017 The world's third-largest economy has eighth consecutive quarter of expansion but misses expectations.
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Chipotle's new CEO helped turn around Taco Bell

New York Post - 14 Feb 2018 06:11
Chipotle's new CEO helped turn around Taco Bell Chipotle Mexican Grill has finally found its taco turnaround expert. Brian Niccol, who most recently was chief executive of rival chain Taco Bell, will be Chipotle's new CEO, effective March 5, the Denver-based burrito a...
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Signs of life surface in commercial lending

American Banker - 15 Feb 2018 01:08
It's too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again.
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Nicole Carroll named editor in chief of USA TODAY Gannett, on Wednesday named Nicole Carroll, editor of the Arizona Republic and azcentral.com, as USA TODAY's new editor in chief.        
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Wells CEO reassures investors; What's Ant really worth?

American Banker - 14 Feb 2018 18:59
Timothy Sloan says Federal Reserve sanctions won't affect the bank's stress test submission; not everyone believes the mobile-payment system is worth $100 billion.:
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Why You Should Start Saying 'Yes' Every Chance You Get Conventional wisdom says the path to success requires saying 'no' more often, but Ryan Blaney's success has been fueled by his contrarian approach.
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Bypass firm Galliford Try to raise £150m after Carillion collapse The building firm is raising extra funds for the Aberdeen bypass after Carillion went into liquidation.
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Down 0.3% in January, retail sales suffer broad declines Americans cut back on purchases of cars, furniture and a variety of other products in January, pushing retail sales down by 0.3%, the biggest decline in 11 months.        
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Rent the Runway's warehouse is a library for designer clothes See Also: Rachel Green's 35 best outfits on 'Friends' Meghan Markle just broke royal tradition by wearing her bag in a totally unexpected way It's 2018, but that didn't stop Gigi Hadid from wearing an outfit straight out...
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Bitcoin rallies as South Korea quells fears of a cryptocurrency ban Markets Insider South Korea stunned cryptocurrency markets in January by considering a ban on exchanges. An official has quelled those fears, saying the government will work to make crypto more transparent, according to ...
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The Secrets to Scaling a Services Businesses (Hint: Think Like a Product Business) Service-based businesses are notoriously hard to scale. These three steps will make it easier and accelerate the process.
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This is the best washer and dryer pair you can buy If you’re in the market for a washer and dryer pair, these flagship models from Electrolux are the best you can get.        
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(Reuters) - Fossil Group Inc's shares soared 79 percent in early trading on Wednesday as short sellers rushed to cover their positions, a day after the watchmaker posted a better-than-expected increase in sales in the ho...
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DealBook Briefing: Did Someone Manipulate Wall Street's Fear Gauge? Finra is examining whether traders improperly influenced the CBOE Volatility Index, making money off the recent whipsawing markets.
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Stock markets brace on stronger US inflation data Inflation rose by more than expected in January, lifting the prospect of faster interest rate rises.
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