Business News
Cannabis company's stock wasn't so high on first trading day
New York Post - 16 Nov 2018 06:47
Acreage Holdings, the cannabis company that touts ex-House Speaker John Boehner as a high-profile board member, didn't fire up on its first day of trading. In fact, the pot company's first day of trading in Canada, where...
Bitcoin, Ripple And Litecoin Sell-Off: Is It Different This Time Around?
Forbes - 16 Nov 2018 05:51
Bitcoin, Ripple, Litecoin and other cryptocurrencies sell off: There are a couple of things different this time around.
Jeff Bezos tells employees that Amazon 'is not too big to fail'
New York Post - 16 Nov 2018 19:52
Amazon will go bankrupt one day, Jeff Bezos, the CEO of the e-commerce colossus worth almost $1 trillion, told his employees in a stunning admission. “Amazon is not too big to fail,” Bezos said last week during an al...
China's U-turn on market curbs brings back the speculators
Reuters - 16 Nov 2018 07:16
Speculators are staging a forceful comeback in China's stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses.
Banks Are More Profitable Than Ever But Risks Abound
Forbes - 16 Nov 2018 07:05
Moody's Investors Services analysts have confirmed what I have been suspecting for a few weeks. U.S. banks' Common Equity Tier 1 (CET1) has been decreasing. The fact that common equity and retained earnings is decreasing...
Nordstrom shares slide amid weak sales growth
New York Post - 16 Nov 2018 06:51
Shoppers love Nordstrom -- as long as they get a deal. The upscale department store posted anemic sales growth of 0.4 percent at its full-price stores while sales at its discount chain, Nordstrom Rack, shot up 5.8 percen...
Nvidia shares slide 17% as cryptocurrency demand vanishes
livemint.com - 16 Nov 2018 03:58Book Entry: Review: 'Digital Renaissance' Argues Consumers of Media Never Had It So Good. Is That the Case?
The New York Times - 17 Nov 2018 01:45
Joel Waldfogel's new book concludes that the massive disruption the internet has wrought on the creative industries has created a pop culture renaissance.
VW embarks on $50 billion electrification plan
Reuters - 16 Nov 2018 19:51
Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday.
Greece's Church says priests should keep state jobs
Miami Herald - 16 Nov 2018 19:46
Greece's powerful Orthodox Church says it wants priests to remain civil servants, rejecting part of a recent government offer to switch a payroll system for clergymen. The church's governing Holy …
UBS lures more money from U.S. super rich to Switzerland
Reuters - 16 Nov 2018 19:41
A decade after a U.S. crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS as they look to diversify their investments in a volatile U.S. political landscape, a senior executive at the Swiss gro...
London Markets: U.K. stocks set for losing week as Brexit turmoil continues
Market Watch - 16 Nov 2018 19:37
London's main stock index is logging another losing session Friday, driven by banks and drug companies, and continued political turmoil over Brexit plans. .
S&P 500 edges lower on chip weakness, oil boosts energy stocks
Reuters - 16 Nov 2018 19:28
The S&P 500 edged lower on Friday as chip stocks tumbled after weak forecasts from Nvidia and Applied Materials, but a recovery in oil prices for a third day lifted energy stocks.
Tech companies, retailers weigh on US stocks; Oil prices up
ABC News - 16 Nov 2018 19:25
U.S. stock indexes are mostly lower in early trading, erasing some of the market's gains from a day earlier
Amazon's HQ2 in Queens will be 'square in the danger zone for frequent flooding'
CNBC - 16 Nov 2018 19:23
New research from Climate Central and Zillow shows the area could see significant coastal flooding by 2020. By 2050, extreme projections of sea level rise have low-lying buildings under water.
BlackBerry shells out $1.4B for AI specialists Cylance
New York Post - 16 Nov 2018 19:14
BlackBerry raised its bets on artificial intelligence and cybersecurity on Friday with the $1.4 billion purchase of California-based machine learning specialists Cylance. The Canadian technology company, which dominated ...
Chart of the week: a milestone in the developing world
MoneyWeek - 16 Nov 2018 13:08
The number of people who don't have electricity in their home has fallen below one billion for the first time ever. The post Chart of the week: a milestone in the developing world was first published on MoneyWeek.
Google's solution for African internet: Balloons
livemint.com - 16 Nov 2018 10:18Here Are the Winners of the Third Annual Shorty Social Good Awards
AdWeek - 16 Nov 2018 07:30
The Third Annual Shorty Social Good Awards--which highlight the best marketing campaigns in support of causes--were handed out Thursday night at Current in New York. The event was hosted by Dulc? Sloan, the newest full-t...
Walmart to layoff 200 at Jabong today, merge it with Myntra
livemint.com - 16 Nov 2018 07:22
The Jabong layoffs are expected to be announced at a town hall today morning
Ocasio-Cortez Dismisses Outfit Critique: 'Dark Hates Light -- That's Why You Tune It Out'
TPM - 16 Nov 2018 17:48
Rep.-elect Alexandria Ocasio-Cortez (D-NY), not one to take conservative criticism lying down, fired back at Washington Examiner reporter Eddie Scarry's...
Market Extra: Google parent Alphabet's stock becomes 2nd FANG to produce 'death cross' and Netflix is next
Market Watch - 16 Nov 2018 16:27
Google parent Alphabet Inc.'s stock produces a bearish "death cross" chart pattern for the first time in over two years, that may put the future of the 7-year old bull market in doubt.