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Business News

Location American Business News for 30 October 2018

Plastic cards will be gone in five years: Synchrony CEO

American Banker - 31 Oct 2018 01:08
Margaret Keane discussed Synchrony's investments in technology, including how the card issuer plans to use customer data to help retailers create targeted ads, during an appearance Tuesday in New York,
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KeyCorp sets $200M cost-cutting plan for 2019

American Banker - 30 Oct 2018 22:08
The Cleveland bank gave details on a program for trimming 5% in expenses next year in order to ensure its efficiency ratio goals are met.
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Why IBM's purchase of Red Hat matters to banks

American Banker - 30 Oct 2018 02:07
The merger could help make open source and cloud computing more commonplace at banks. But it may have an unintended consequence as well.
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Under Armour Inc's shares surged 25 percent on Tuesday after the sportswear maker beat quarterly earnings estimates and raised its full-year profit forecast as it kept costs lower and offered fewer discounts.
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Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.
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Suitors of aluminum giant worried over liability for massive London fire The Blackstone Group and the Carlyle Group are now gauging the potential liability costs facing Arconic, the maker of tiles that burned during London's Grenfell Tower fire, two sources close to the situation said. The bi...
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The Federal Reserve Board's meeting to discuss supervisory standards for midsize institutions will be closely watched by regulatory relief advocates and those who want the Fed to maintain its firm hand.
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Red Dead Redemption 2 is a disappointment

Venture Beat - 30 Oct 2018 02:31
Red Dead Redemption 2 is the most game Rockstar has ever made, but it is essentially the same thing it has been making for year. That's disappointing.
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In a letter Monday to Federal Reserve Board Chairman Jerome Powell, the four House Democrats argued that the nation's aging payments system is contributing to economic inequality.
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Chesapeake Energy Corp on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer's shares by more than 12 percen...
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Diablo III on the Switch is my new favorite way to play the game.
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NBA 2K on new iPad Pro can match console graphics

Venture Beat - 30 Oct 2018 19:14
NBA 2K is coming to Apple's new iPad Pro, and 2K is claiming that this version will match the quality of the series' console releases.
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These Factors Suggest a Major Stock Market Is Overdue

Lombardi Letter - 30 Oct 2018 19:12
Defense Sector Sell-Off Warns That a Stock Market Crash Is Coming Many young Americans--anyone who has recently started or even finished college in the United States--can't even remember when a stock market crash affecte...
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Diesel emissions accusations cost Fiat Chrysler $800M, but Jeep and Ram deliver profits In the first full quarter without the late CEO Sergio Marchionne, Fiat Chrysler reported a profit but was dragged down by its alleged diesel scandal.        
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Apple's new A12X chip, which powers Apple's 2018 iPad lineup, is its most powerful chip yet. It's built on a 7-nanometer process.
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Apple Inc on Tuesday unveiled new Mac computers, including updates to its entry-level Mac Book Air laptop and Mac Mini desktop.
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Apple's new iPad Pros have switched from Lightning ports to USB-C, and upgraded their Smart Connectors to support new inductive charging accessories.
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Harley-Davidson is recalling nearly 178,000 motorcycles in the U.S. because they can get stuck in gear due to a clutch problem. The recall covers 26 models from the 2017 and …
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U.S. Stocks Ride Higher on Trade Optimism

The New York Times - 30 Oct 2018 18:56
U.S. stocks rose on Tuesday, helped by a rebound in technology stocks after a volatile few sessions on Wall Street, amid optimism over the U.S.-China trade dispute and some upbeat earnings reports.
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Rockstar Games announced today that Red Dead Redemption 2 has had the largest opening weekend of any game in history, but GTA V launced on a Tuesday.
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In the highly price-sensitive Indian aviation market, Vistara, a full-service carrier backed by local conglomerate Tata Sons and Singapore Airlines Ltd , is betting it can convince passengers to buy higher fares in retur...
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James Patterson's Upcoming Novel, The Chef, Is Available Early via a Messenger Bot Facebook likely gets approached with ideas for projects on a regular basis, but when it was pitched by James Patterson, the social network's creative team jumped at the chance to collaborate with the best-selling author....
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