Business News
The Dividend Aristocrats Are Worth Another Look
Barron's - 4 Aug 2018 03:42
The S&P 500 stocks--which have raised their dividend for at least 25 years--have lagged behind the broad market, thanks to a lack of tech exposure.
Alphabet, CVS Are Lee Cooperman Favorites
Barron's - 4 Aug 2018 02:51
Cooperman, CEO of Omega Advisors, and Steven Einhorn, vice chairman, see U.S. stocks hitting new highs. What these value-investing veterans like now.
Israel's Fledgling Hedge Funds Post Strong Gains
Barron's - 4 Aug 2018 03:41
Their active approach is the best way to navigate a volatile market.
Wells Fargo faces probe on low-income tax credit purchases
American Banker - 4 Aug 2018 05:08
Multiple agencies are looking into its purchase of certain credits tied to low-income housing developments, the bank said in a securities filing Friday.
MoviePass parent company's stock tanks as reverse-split backfires
New York Post - 4 Aug 2018 05:05
Sometimes the sequel is a whole lot worse than the original. MoviePass parent company Helios and Matheson learned that the hard way after its stock sank to 7 cents a share in a little over a week after it underwent a des...
Kushner Cos. to lease out New York tower
NBC News - 4 Aug 2018 04:24
The Kushner Cos. building at 666 Fifth Ave., which it purchased for a record $1.8 billion in 2006, had been $1.1 billion in the hole.
Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
Business Insider - 4 Aug 2018 04:03
BII This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence,click here. Fintech broke onto the scene as a ...
China, Trade, and Technology: A Worst-Case Scenario
Barron's - 4 Aug 2018 03:50
The primary worry is that China turns to other measures, like letting its currency devalue or taking the battle into the technology sector.
Deutsche Bank report reveals shortcomings in its screening process, raises anti-money laundering concerns
Business Insider - 4 Aug 2018 02:40
REUTERS/Kai Pfaffenbach Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth. The bank was previously fined nearly $700 million for allowing money laundering. S...
Wells Fargo foreclosed on 400 people who may have had chance to keep their homes
L.A. Times - 4 Aug 2018 02:20Would you pay $2 for a straw ? San Francisco bubble tea shops wrestle with plastic ban
USA Today - 4 Aug 2018 00:09
San Francisco voted to ban plastic straws. For boba shops, this could be a problem: There aren't any non-plastic jumbo straws available.
Buffett's Berkshire Hathaway reports a $12B 2Q profit
Miami Herald - 4 Aug 2018 16:38
Berkshire Hathaway Inc. on Saturday reported a $12 billion second-quarter profit. Warren Buffett's conglomerate reported a profit of $4.87 per Class B share. A year ago, Berkshire reported $4.3 billion …
This is how banks can use digital tools to stay ahead of a trillion-dollar opportunity in the bill pay market
Business Insider - 4 Aug 2018 16:31
This is apreview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence,click here. Between housing costs, utilities, taxes...
Facebook employees are obsessed with the foxes that hang out on their office roof
Business Insider - 4 Aug 2018 16:10
Robert Bieber/Flickr (CC) Facebook employees are obsessed with a family of foxes that lives on their campus and hangs out on their roof. Business Insider understands that employees have an internal channel where they sha...
Apple is worth $1 trillion. What does that even mean?
NBC News - 4 Aug 2018 16:01
What does $1 trillion really mean? Put it like this, Apple could buy 1 billion people a $999 iPhone X and still have $1 billion left over.
Condé Nast Seeks Buyers for 3 Titles That Can 'Realize Their Full Potential'
AdWeek - 4 Aug 2018 15:58
Cond? Nast CEO Bob Sauerberg confirmed Thursday to staffers in a email that after a review to determine which titles were "vital" to growth, the publisher of Vogue and The New Yorker would sell off Brides, Golf Digest an...
The backstory of how America coordinated with some of the world's most powerful nations to tank the dollar
Business Insider - 4 Aug 2018 15:30
(Photo by Michael Evans/The White House/Getty Images) Officials of the Trump administration have said they want a weak dollar. The US government pushing for a weak greenback breaks with recent tradition. But 35 years ago...
NewsWatch: From U.S. Steel's $1 billion market cap to Apple's $1 trillion: a brief history of valuation milestones
Market Watch - 4 Aug 2018 15:00
As Apple becomes the first $1 trillion U.S. company, what were the first companies to reach the $100 billion and $500 billion milestones?
Tesla just crushed its most recent crisis -- here's a look back at the ones it's overcome in the past (TSLA)
Business Insider - 4 Aug 2018 14:57
Bill Pugliano / Getty Tesla has a long history of dealing with crisis after crisis. Tesla's most recent crisis was with production of the Model 3 sedan — but it now appears that the company has stabilized its problems....
China won't accept U.S. trade 'blackmail': state media
Reuters - 4 Aug 2018 13:24
China's state media said on Saturday the government's retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail.
Time To Worry About Inflation -- And The Fed's Effort To Stop It
Forbes - 4 Aug 2018 13:12
I'm beginning to worry about inflation. The economy is running hot and demand growth is about to exceed supply growth. Now I predict that inflation will accelerate. The Federal Reserve won't tolerate this, so look for th...
Germany tightens cash transfer rules as Iran seeks funds
Miami Herald - 4 Aug 2018 12:19
Germany's central bank is changing its terms and conditions to provide for deeper scrutiny of cash transfers, a move that comes as Iran seeks to repatriate cash held in a …