Business News
Former U.S. Bancorp chief Davis named CEO at Make-A-Wish America
American Banker - 18 Oct 2018 03:08
The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling."
If Trump really wanted to, he could lower interest rates
CBSNews - 18 Oct 2018 22:54
The president has berated the Fed for raising interest rates, but he could take his own measures to get rates lower
Asia Markets: Asian markets pull back, led by sharp declines in China
Market Watch - 18 Oct 2018 06:50
Asian stock markets fell in early trading Thursday, after Wall Street closed lower and the Fed minutes suggested more interest-rate hikes ahead.
Senate's Warren escalates her campaign against Wells Fargo's CEO
American Banker - 18 Oct 2018 19:21
Sen. Elizabeth Warren is opening a new front in a campaign against a familiar foe -- demanding that the Federal Reserve keep its restrictions on Wells Fargo until Chief Executive Officer Tim Sloan is removed.
Rhode Island's unemployment rate ticks down to 3.9 percent
Miami Herald - 18 Oct 2018 18:55
Rhode Island's unemployment rate ticked down to 3.9 percent in September and the number of jobs based in the state stayed the same. The state Department of Labor and Training …
Christmas sweaters will be in style this holiday season
Market Watch - 19 Oct 2018 01:01
GlobalData Retail research shows that consumers will spend on apparel this holiday season.
Golden Nugget Casinos owner intrigued by Caesars merger
New York Post - 18 Oct 2018 06:37
The billionaire owner of Golden Nugget Casinos has approached Caesars Entertainment about a merger that would value publicly traded Caesars at $13 per share, sources told The Post. Golden Nugget owner Tilman Fertitta, wh...
Tesla grabs 210-acre plot in China to build Gigafactory
New York Post - 18 Oct 2018 06:01
Tesla on Wednesday said it has scooped up a 210-acre plot of land in China to build its next Gigafactory -- digging itself deeper into the middle of the tariff battle between President Trump and China. Earlier this month...
Snapchat's Scripted Show Approach to Lure Black Teens
Forbes - 18 Oct 2018 05:59
Snap announced 12 new "Snap Originals" scripted shows in effort to regain its popularity with the very coveted but fickle black teen user group. Teenagers and their technology are inseparable with 9 out of 10 black teena...
Exxon Mobil bets big on China LNG, sidesteps trade war
Reuters - 18 Oct 2018 04:48
In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of ...
How major US stock indexes fared Thursday
ABC News - 19 Oct 2018 00:33
U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending
Mnuchin says he will not attend Saudi investment conference
ABC News - 18 Oct 2018 20:38
Treasury Secretary Mnuchin says he will not attend Saudi investment conference
Signature Bank enters new business lines, markets to fuel growth
American Banker - 18 Oct 2018 19:21
The New York bank, which reported a 25% increase in third-quarter earnings Thursday, recently began serving digital-asset companies and private equity firms.
Balance sheet growth boosts East West's quarterly profit
American Banker - 18 Oct 2018 19:21
The California company reported increases in loans and deposits, along with a wider net interest margin.
Goldman, Morgan Stanley want to lend the ultrarich more money
American Banker - 18 Oct 2018 19:21
The firms' profit reports this week showed they're increasingly rushing into the booming market for lending to high-net-worth individuals. So far, it's paying off: Morgan Stanley has tripled those loans in the past five ...
Factbox: Trade-in incentives in Germany to replace old diesel cars
Reuters - 18 Oct 2018 19:16
Carmakers have started offering trade-in incentives in Germany to encourage customers to scrap older diesel vehicles and buy more sustainable engines.
The Latest: Italian leader says budget not cause for concern
Miami Herald - 18 Oct 2018 19:16
The Latest on Italy's plans to ramp up public spending (all times local): 5:10 p.m. Italian Premier Giuseppe Conte says after a day of defending the country's budget plan to …
EU chief plays down trans-Atlantic trade rift concerns
Miami Herald - 18 Oct 2018 19:14
European Commission President Jean-Claude Juncker is playing down trans-Atlantic trade tensions after U.S. Commerce Secretary Wilbur Ross accused the EU of dragging its feet in exploratory trade talks. Amid fears …
MoviePass operations under investigation by New York AG
ABC News - 18 Oct 2018 19:10
Operations at MoviePass discount service for tickets are being investigated by the New York Attorney General
Weight Watchers rebrands itself for an anti-diet era
The Economist - 18 Oct 2018 18:52
UP A STEEP flight of stairs just off Fifth Avenue, in New York City, a dozen people trickle into an early evening gathering. The furniture is soft and Scandinavian, the group mostly female. Acoustic background music is o...
Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere
Market Watch - 18 Oct 2018 18:50
Don't get swept up in all the hoopla over Canadian legalization, where a limited market and falling prices may produce big losses.
US mortgage rates fall slightly; 30-year at 4.85 percent
ABC News - 18 Oct 2018 18:49
US mortgage rates edge lower; 30-year average at 4.85 percent