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Business News

Location American Business News for 18 October 2018
The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling."
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The president has berated the Fed for raising interest rates, but he could take his own measures to get rates lower
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Asian stock markets fell in early trading Thursday, after Wall Street closed lower and the Fed minutes suggested more interest-rate hikes ahead.
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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.
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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 …
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GlobalData Retail research shows that consumers will spend on apparel this holiday season.
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Golden Nugget Casinos owner intrigued by Caesars merger 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...
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Tesla grabs 210-acre plot in China to build Gigafactory 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...
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Snapchat's Scripted Show Approach to Lure Black Teens 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...
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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 ...
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How major US stock indexes fared Thursday

ABC News - 19 Oct 2018 00:33
How major US stock indexes fared Thursday 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
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Mnuchin says he will not attend Saudi investment conference Treasury Secretary Mnuchin says he will not attend Saudi investment conference
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The New York bank, which reported a 25% increase in third-quarter earnings Thursday, recently began serving digital-asset companies and private equity firms.
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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.
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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 ...
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Carmakers have started offering trade-in incentives in Germany to encourage customers to scrap older diesel vehicles and buy more sustainable engines.
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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 …
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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 …
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MoviePass operations under investigation by New York AG Operations at MoviePass discount service for tickets are being investigated by the New York Attorney General
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Weight Watchers rebrands itself for an anti-diet era

The Economist - 18 Oct 2018 18:52
Weight Watchers rebrands itself for an anti-diet era 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...
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Don't get swept up in all the hoopla over Canadian legalization, where a limited market and falling prices may produce big losses.
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US mortgage rates fall slightly; 30-year at 4.85 percent US mortgage rates edge lower; 30-year average at 4.85 percent
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