Business News
Two servicers poised to break up student-lending oligopoly
American Banker - 14 Sep 2018 05:08
Four lenders, led by Sallie Mae, have long dominated the market for private student loans. But they could soon face new competition from Navient and Nelnet.
Judge deals Wells Fargo another blow in mortgage scandal
New York Post - 14 Sep 2018 03:33
Wells Fargo has not yet earned back the trust of New York Federal Judge Robert Drain. The US Southern District Court judge ruled this week that a New York homeowner The Post profiled in August who fought back against the...
End the free ride for tax-exempt credit unions
American Banker - 14 Sep 2018 17:21
Policymakers are right to re-examine the industry's exemption and the unfair competitive advantage it provides.
The Wall Street Journal: iHeartMedia buys podcaster Stuff Media for $55 million
Market Watch - 14 Sep 2018 04:05
iHeartMedia Inc. is turning up the volume on its podcasting business.
Naomi Osaka close to signing historic deal with Adidas
New York Post - 14 Sep 2018 03:56
Naomi Osaka, the 20-year-old tennis sensation who last week became the first Japanese player to win the US Open, is cashing in on her success. With her first Grand Slam title in hand, Osaka is close to signing a deal wit...
China's Meituan Dianping Raises $4.2 Billion, But Will It Ever Make A Profit?
Forbes - 14 Sep 2018 03:52
Meituan can't seem to make money off its large user base, leading to mounting losses that analysts say won't stop for years to come.
Amazon CEO says 'HQ2' decision will be announced before end of year
Reuters - 14 Sep 2018 03:20
Amazon.com Inc chief executive Jeff Bezos said on Thursday that the company would announce a decision on where it would build a second headquarters before the end of the year.
The Volkswagen Beetle is being discontinued -- take a tour through the car's 80-year history
Business Insider - 14 Sep 2018 02:36
VW Volkswagen will stop making its iconic Beetle after nearly seven decades on the market, the German automaker announced Thursday. The first Beetles rolled off production lines in 1938. Their increasing popularity in th...
Swedish coffee chain Fika files for bankruptcy
New York Post - 14 Sep 2018 21:48
Fika has fizzled. The swanky Swedish coffee shop -- which has been closing stores across Manhattan over the past year following an overly ambitious growth spurt -- filed for Chapter 11 bankruptcy protection on Friday. Th...
Nike stock hits all-time high after Colin Kaepernick ad
CBSNews - 14 Sep 2018 17:18
The largest athletic apparel maker's partnership with the former NFL quarterback has resonated with its core demographic
Jeff Bezos explains why getting 8 hours of sleep is key to making important decisions in the workplace
Business Insider - 14 Sep 2018 17:15
Amy Harris/AP Photos Jef Bezos said he makes sure to get 8 hours of sleep every night, explaining that he doesn't want to risk making poor executive decisions because he's "tired or grouchy." The Amazon CEO also said he ...
5 of the easiest countries to become a citizen
Business Insider - 14 Sep 2018 17:12
Chung Sung-Jun/Getty Images Becoming a citizenof another country may be easier than you thought. For instance, if your parent, grandparent, or great-grandparent is an Irish citizen, then you may be eligible for citizensh...
Long Island diocese settles with nearly 300 alleged Catholic Church sex abuse victims by paying them $25,000 to $50,000 each
Business Insider - 14 Sep 2018 17:08
Google Maps The Diocese of Rockville Centre in Long Island is compensating 221 people who say they were sexually abused by priests. The diocese is offering settlements between $25,000 and $50,000 to 221 of the 293 people...
US says Thai company helped blacklisted Iran airline
Miami Herald - 14 Sep 2018 17:03
The U.S. government has imposed sanctions on a Thailand-based company it says provides services to an Iranian airline that Washington accuses of supporting terrorist activities directed by Iran's government. The …
Consumer Reports approved: Best cars under $25,000 for first-time buyers
USA Today - 14 Sep 2018 17:01
Experts at Consumer Reports picked six models that are both reliable and cost-effective. The 6 best cars for first-time buyers under $25,000.
Financial crisis 2008: Five biggest risks of a new crash
IBTimes - 14 Sep 2018 16:59
Is the world "sleepwalking" into the next global financial crisis?
Libertarian Senate candidate discloses cannabis investments
Miami Herald - 14 Sep 2018 16:56
U.S. Senate candidate Gary Johnson of New Mexico has disclosed personal financial interests in the cannabis sector that include stock holdings, a profit sharing agreement and recent capital gains on …
Quad-City company, Microsoft to improve broadband access
Miami Herald - 14 Sep 2018 16:55
A Quad-Cities company says it will work with Microsoft to improve rural broadband access to about 126,000 people in Iowa, Illinois and South Dakota. The Des Moines Register reports that …
Trade hopes lift stocks; emerging markets get boost from Turkey rate hike
Reuters - 14 Sep 2018 16:52
An index of world stock markets climbed to its highest in over a week on Friday as expectations grew that the United States and China would start fresh trade talks, while an interest rate hike in Turkey supported the lir...
Homeowners are sitting on a record $6 trillion in equity but are wary of tapping it
Market Watch - 14 Sep 2018 16:52
The amount of home equity that American households can withdraw from their homes hit a new high in the spring even as the amount actually taken out fell, according to data from Black Knight.
Currencies: Dollar regains strength after economic data
Market Watch - 14 Sep 2018 16:46
The U.S. dollar regained its strength on Friday following some favorable economic data, including a buoyant consumer sentiment read.
Flat Wall Street propped up by gains for bank stocks
Reuters - 14 Sep 2018 16:43
U.S. stocks were flat on Friday, as declines in real estate and utilities were offset by gains for banking stocks, driven by a rise in 10-year Treasury yields above 3 percent.