Business News
How Zelle, banks combat real-time payment fraud
American Banker - 10 Oct 2018 21:08
For bankers and network providers, it's a given that moving to a real-time payment system like Zelle will lead to an increase in fraud attempts. Here's a look at the ways they're fighting back.
EU nations agree to seek 35 percent CO2 cut on cars by 2030
Reuters - 10 Oct 2018 02:03
European Union nations, voicing concern over a U.N. report on global warming, agreed on Tuesday to seek a 35 percent cut in car emissions by 2030, as Germany warned that overly challenging targets risked harming industry...
Some Definite "Maybe" s on Your Wedding-Invite List
The New Yorker - 10 Oct 2018 23:53
Jesse McLaren and Jason Adam Katzenstein imagine a humorous illustrated list of people you may not invite to your wedding.
How Capitec Became South Africa's Biggest Bank
Harvard Business Review - 10 Oct 2018 20:00
Strategy lessons from a sector where innovation is rare.
Walmart To Launch Shoppable Ads On Its Free Streaming Service
Retail Touch Points - 10 Oct 2018 18:45
Walmart will pair shoppable ads with original content on Vudu, the retail giant's streaming video arm, through a partnership with MGM, according to Variety. The ads will launch later in 2018, while the first MGM-produced...
Loeb's hedge fund grows stake in Campbell Soup
New York Post - 10 Oct 2018 06:11
Dan Loeb ladled more shares of Campbell Soup into his portfolio as his hedge fund's battle with the soupmaker heats up. Loeb's Third Point now has a 7 percent stake in the Camden, NJ-based company -- up from 5.7 percent,...
Frederic Fekkai closes flagship hair salon on Fifth Ave
New York Post - 10 Oct 2018 06:03
Frederic Fekkai is quietly closing the doors of its flagship hair salon on Fifth Avenue, The Post has learned. And some 60 stylists who work at the Midtown location will lose their jobs, according to a government filing....
The Wall Street Journal: Fed's Williams says he expects more 'gradual' rate hikes
Market Watch - 10 Oct 2018 05:42
New York Fed President John Williams reiterated in a speech Tuesday that a bright economic outlook calls for more central bank interest-rate increases.
Lyft hires Obama's Transportation secretary as it leans toward a 2019 IPO
L.A. Times - 10 Oct 2018 03:55Stocks end mixed as interest rates take a pause
L.A. Times - 10 Oct 2018 03:30Dyson targets hair beauty market with $500 styling tool
Reuters - 10 Oct 2018 03:07
British vacuum-cleaner maker Dyson is making a second push into the high-end beauty market with a $500 hair styling tool that it has engineered to create curls, waves and smooth blow dries without extreme heat.
Ackman's Pershing Square unveils $900 million stake in Starbucks
Reuters - 10 Oct 2018 02:54
William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world's biggest coffee chain can overcome stagnant sa...
Snapchat shares tank 6 percent after 'woeful' analyst comment
New York Post - 10 Oct 2018 02:21
Snap shares tumbled more than 6 percent to an all-time low Tuesday after a Wall Street analyst said the Snapchat parent was in danger of running out of cash by 2020. Last week, the Venice, Calif.-based Snapchat owner's 2...
Key Words: Crytpocurrency enthusiasts aren't going to like how AARP defines bitcoin
Market Watch - 10 Oct 2018 19:11
Think of it as the crypto equivalent of the "get off my lawn" meme.
Sears Could File for Bankruptcy As Soon As This Weekend
Time - 10 Oct 2018 18:58
The company is in talks for financing that would fund operations
Tech, luxury goods lead Wall Street slide
Reuters - 10 Oct 2018 18:49
U.S. stock indexes dived around 1 percent on Wednesday as worries over China and the impact of rising Treasury yields on global growth drove falls in luxury goods companies and chipmakers.
Even If Trump's Tariffs Are Effective, There's One Reason They Won't Work
Forbes - 10 Oct 2018 18:48
Trade policy is not a popular or well-understood topic among Americans. It's even less so among younger Americans.
Woman who spent $21M at Harrods fights UK wealth order
Miami Herald - 10 Oct 2018 18:47
A woman from Azerbaijan who spent 16 million pounds ($21 million) on jewelry, wine and other goods at luxury London department store Harrods over the course of a decade has …
US stock indexes sink sharply as rates resume their climb
ABC News - 10 Oct 2018 18:47
U.S. stock indexes fell in early trading Wednesday as interest rates nudged higher yet
Waffle House never closes. But ahead of Hurricane Michael, this one in Florida did
USA Today - 10 Oct 2018 18:42Google's Waze expands carpooling service throughout US
Miami Herald - 10 Oct 2018 18:41
Google will begin offering its pay-to-carpool service throughout the U.S., an effort to reduce the commute-time congestion that its popular Waze navigation app is designed to avoid. The expansion announced …