Business News
8 High-Profile Celebrity Endorsements That Backfired
AdWeek - 23 Aug 2018 15:00
Celebrity endorsements can be great for business, and some famous spokespeople have even become inextricable from the brands they represent (think: Jennifer Aniston and Aveeno). But, every once in a while, an idea slips ...
How Streetwear Is Influencing a New Era of Luxury Fashion
AdWeek - 23 Aug 2018 17:49
Ever since Virgil Abloh, streetwear designer slash Kanye confidante, was appointed artistic director of Louis Vuitton in March, the fashion world can't seem to stop talking about how the industry is being turned on its h...
In One Chart: These CEOs are more likely to lay off their employees
Market Watch - 23 Aug 2018 07:18
Chief executive pay in the U.S. is among the highest in the world.
How to get one of Sony’s pretty new PlayStation consoles
Fast Company - 23 Aug 2018 19:45
Only 50,000 Limited Edition PS4 Pros will be available. Do you want to celebrate 500 million PlayStation systems sold by adding one more to the pile? If so, Sony will sell you a limited-edition PlayStation 4 Pro on Frida...
A member of Congress dipped her toes into crypto -- and likely took a big hit
Business Insider - 23 Aug 2018 06:10
AP/J. Scott Applewhite US Representative Tulsi Gabbard of Hawaii bought ethereum and litecoin in December 2017, a financial filing shows Even if the Democrat bought the coins at their lowest prices of the month, she woul...
You can buy not just e-gold but also e-diamonds
livemint.com - 23 Aug 2018 08:13
For many who don't have access to a trusted jeweller, this is an exchange-based platform to buy diamonds, which means the price discovery undergoes a process
Asian shares fall as U.S. tariff deadline on China looms
Reuters - 23 Aug 2018 07:16
Asian shares slipped on Thursday as a deadline loomed for fresh U.S. tariffs on China and amid speculation U.S. President Donald Trump's political position could be threatened by the legal woes of two former advisers.
Wall Street's massive run is officially historic
New York Post - 23 Aug 2018 06:44
OK, now pop the champagne. The bull market in the S&P 500 that began in March 2009 -- when Lady Gaga's "Just Dance" was on many an iPod playlist -- on Wednesday officially became the longest stock run-up since the Great ...
Michael Cohen's 'truth fund' raised over $125,000 less than a day after he pleaded guilty to fraud
Business Insider - 23 Aug 2018 05:45
Yana Paskova/Getty Images Michael Cohen, President Donald Trump's former attorney who pleaded guilty to eight federal crimes, now has a fundraiser going to help finance his defense. A GoFundMe page set up by Cohen's atto...
Agencies open to extending Volcker comment period: FDIC chair
American Banker - 23 Aug 2018 23:07
A top regulator has signaled that the banking agencies are receptive to extending the comment deadline, after banks raised concerns about a proposed revision to the ban on proprietary trading.
Women Over 50 Are Often Disregarded by Marketers. Here's Why That Needs to End Now
AdWeek - 23 Aug 2018 19:19
In the immortal words of Debbie Ocean (aka Sandra Bullock), "You would've loved it." Marketers are especially adept at anticipating trends--or at least quickly catching up and cashing in before a wave passes us by--but t...
Senate panel approves Trump's nominee for consumer watchdog
ABC News - 23 Aug 2018 19:14
The Senate Banking Committee approved Kathy Kraninger, President Trump's nominee to run the Consumer Financial Protection Bureau, despite protests from Senate Democrats who said Trump's nominee is unqualified to run the ...
Futures Movers: U.S. oil prices step back from 2-week peak but tighter supplies remain an issue
Market Watch - 23 Aug 2018 19:10
Oil futures on Thursday see a modest pullback a day after scoring their highest level in about two weeks, backed by signs of tightening U.S. crude inventories.
Bank earnings ride tax reform wave to another record: FDIC
American Banker - 23 Aug 2018 19:08
The industry's profit was $60.2 billion, a more than 7% increase from the previous record set in the first quarter and a 25% leap from a year earlier, the agency said in its quarterly report on the industry's health.
Wells Fargo says it isn't anti-weed, it's pro-following the law
American Banker - 23 Aug 2018 19:08
Wells Fargo isn't making a political statement, it's following the rules. So goes the bank's response to backlash over terminating a pro-medical marijuana politician's banking relationship because of her advocacy and con...
Layoffs at JPM; SEC rejects nine bitcoin ETFs
American Banker - 23 Aug 2018 19:08
The 100 dismissals in asset management follow job cuts in other divisions; the agency cites the lack of protections against fraud and market manipulation.
Renaud Laplanche's comeback venture raises $62 million
American Banker - 23 Aug 2018 19:08
Upgrade, a marketplace lender founded by Laplanche just a few months after he was ousted from LendingClub, has secured more than $100 million in equity capital and says it is poised to offer more consumer credit products...
Bayer's Monsanto sued by 8,000 plaintiffs on glyphosate
Reuters - 23 Aug 2018 19:05
Bayer said the number of U.S. lawsuits brought against newly acquired Monsanto has risen to about 8,000 from 5,200 previously, after Monsanto was ordered to pay damages for not warning of alleged cancer risks of glyphosa...
AMD just hit its highest level in more than a decade (AMD)
Business Insider - 23 Aug 2018 19:01
AP Photo/Matthias Rietschel AMD surged more than 4% after a price target increase from Rosenball on Thursday. The stock is currently at its highest level in more than a decade. Follow AMD's stock price in real-time here....
Reigns: Game of Thrones will launch in October on PC, iOS, and Android
Venture Beat - 23 Aug 2018 19:00
As we know, when you play the Game of Thrones, you win, or you die. And in Reigns’ stylized adaptation of the HBO series, I died. A lot. Over and over again. And beginning in October, so will you. Reigns: Game of Thron...
Gun control activists marching 50 miles to Smith & Wesson HQ
Miami Herald - 23 Aug 2018 18:59
Students in Massachusetts have set off on a 50-mile march to Smith & Wesson's headquarters to call for stricter gun control. About 40 students and supporters started walking Thursday morning …
The 15 most useful features coming to your iPhone later this year
Business Insider - 23 Aug 2018 18:58
AP iOS 12 is almost here. Apple announced the newest version of its mobile operating system at the Worldwide Developers Conference (WWDC) in June, but September is typically the month when Apple launches its major iOS up...