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Business News

Location American Business News for 21 September 2018

Why Regions did away with teller jobs

American Banker - 21 Sep 2018 01:07
When the Birmingham, Ala., bank was rethinking its branch strategy, it had to reconsider the role of its tellers. Ultimately, it decided to transition those workers to a more general banker role that emphasizes meaningfu...
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A barrage of new gadgets proves that Amazon is so relentless that it will even compete with its best friends (AMZN) Mark Lennihan/AP Amazon announced a whole bevy of new Alexa-powered hardware on Thursday, including a microwave, a car gadget, and a smart plug. The thing is, though, that some of Amazon's buddies in the world of electro...
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Forbes Asia Investment Briefing: Asianomics Sees Growing Concern Over Debt The latest episode of the Forbes Asia Investment Briefing comes from Jim Walker, who is the founder and chief economist of Asianomics Group. He tells us what's caught his eye this week, and what he'll be watching for ove...
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Investor swears bitcoin will 'grind back'

New York Post - 21 Sep 2018 04:15
Investor swears bitcoin will 'grind back' Mike Novogratz swears bitcoin is the real deal -- despite the cryptocurrency losing nearly 70 percent of its value since it flirted with $20,000 late last year. "This is real. This is not tulips. We will have an internet...
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Bitcoin Traders Should Watch $5,600 And $8,900 The two prices reflect both demand and supply factors rather than just demand or just supply factors.
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New tariffs threaten Wisconsin's Trek Bicycle, soybean farmers as trade war with China heats up Wisconsin's Trek Bicycle Corp. says Trump administration tariffs on China-made bikes would cost it $30 million a year.        
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I tried the 'healthy' fast-casual chain that Californians love, and I was disappointed Dennis Green/Business Insider Lemonade is a California-based fast-casual chain. It's part of the "fast slow food" movement, which aims to serve up healthy fare quickly and relatively cheaply. During a recent trip to Los ...
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Walmart warns Trump that new China tariffs could mean price hikes on bikes, Christmas lights Walmart wrote a letter to the U.S. Trade representative, that warned new tariffs on China imports would raise prices for U.S. consumers        
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The Federal Trade Commission is cracking down on the trend.
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American Airlines is rallying after saying it will raise bag fees (AAL, DAL, JBLU, LUV, UAL) Scott Olson/Getty Images American Airlines surged more than 4% Friday after announcing it will raise baggage fees. The airline has joined Delta Air Lines and United Airlinesin raising the price of passengers' first check...
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Union Bankshares in Virginia has been adding executives from much larger competitors as it looks to compete more effectively with bigger banks
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This hugely successful underwear startup has started making men's dress shirts that won't come untucked -- and they fit like a glove TheInsider Picksteam writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Tommy John Popular underwear startup Tommy John is breaking ...
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Shortly after the New York Times published its bombshell report that Deputy Attorney General Rod Rosenstein floated secretly recording and...
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Is Saudi Arabia Unable Or Just Unwilling To Stem The Flow Of Money Leaving The Country? The Saudi government is struggling to attract investment into its economy while also proving unable (or unwilling) to stem the flow of money leaving the country, according to the latest data.
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Nebraska's preliminary unemployment rate dropped a tenth of a point to hit 2.8 percent in August, the state said in a report released Friday. Last month's rate remained well below …
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Hundreds of millions of dollars have surged into the US's only marijuana ETF amid the cannabis craze (MJ) Andy Kierz/Business Insider The only marijuana ETF in the US has seen massive inflows amid the cannabis craze. Over the past month alone, MJ saw inflows of more than $139 million. The funds' total market value has skyroc...
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U.S. way behind the curve on open banking

American Banker - 21 Sep 2018 17:08
The country is lagging behind others when it comes to ensure that a consumer's financial data is available to third parties, and regulators need to step up.
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Economy keeps growing even with rising oil prices

Miami Herald - 21 Sep 2018 17:07
America's rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy. It has long been conventional wisdom that rising …
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One of the few exchange-traded funds to track the cannabis industry has seen steady inflows over the past month, a beneficiary of the surge of interest that has surrounded the space as companies see huge gains, and also ...
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Montana plans to upgrade the hardware and software used in the state's voter registration system using just over $2 million of a $3 million federal grant. Secretary of State Corey …
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China's largest Muslim ally broke ranks to criticize its repression of the Muslim Uighur minority China has subjected its Uighur population, a majority-Muslim ethnic minority, to an unprecedented amount of surveillance and policing. Beijing has insisted that this helps counter terrorism and prevent religious radicali...
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John Bolton is warning about offensive cyberattacks under a new Trump policy Alex Wong/Getty Images President Trump has signed a new National Cyber Strategy document authorizing offensive cyberattacks against foreign targets, the White House announced Thursday. National security adviser John Bolt...
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