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Business News

Location American Business News for 16 November 2018
Cannabis company's stock wasn't so high on first trading day 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...
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Bitcoin, Ripple And Litecoin Sell-Off: Is It Different This Time Around? Bitcoin, Ripple, Litecoin and other cryptocurrencies sell off: There are a couple of things different this time around.
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Jeff Bezos tells employees that Amazon 'is not too big to fail' 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...
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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.
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Banks Are More Profitable Than Ever But Risks Abound 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...
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Nordstrom shares slide amid weak sales growth

New York Post - 16 Nov 2018 06:51
Nordstrom shares slide amid weak sales growth 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...
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Nvidia shares slide 17% as cryptocurrency demand vanishes Nvidia posted sales that missed expectations for its third quarter, sending its stock--as well as rival AMD's--tumbling in late trading
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Joel Waldfogel's new book concludes that the massive disruption the internet has wrought on the creative industries has created a pop culture renaissance.
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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.
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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 …
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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...
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London's main stock index is logging another losing session Friday, driven by banks and drug companies, and continued political turmoil over Brexit plans. .
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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.
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Tech companies, retailers weigh on US stocks; Oil prices up U.S. stock indexes are mostly lower in early trading, erasing some of the market's gains from a day earlier
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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.
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BlackBerry shells out $1.4B for AI specialists Cylance

New York Post - 16 Nov 2018 19:14
BlackBerry shells out $1.4B for AI specialists Cylance 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 ...
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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.
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Google's solution for African internet: Balloons

livemint.com - 16 Nov 2018 10:18
Google's solution for African internet: Balloons Loon, spun out of the search giant's X innovation lab in July, is teaming up with Telkom Kenya Ltd. to build a network of high-flying balloons to connect people in the east African country starting next year
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Here Are the Winners of the Third Annual Shorty Social Good Awards 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...
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Walmart to layoff 200 at Jabong today, merge it with Myntra The Jabong layoffs are expected to be announced at a town hall today morning
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Rep.-elect Alexandria Ocasio-Cortez (D-NY), not one to take conservative criticism lying down, fired back at Washington Examiner reporter Eddie Scarry's...
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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.
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