Big money stays away from booming bitcoin Big money stays away from booming bitcoin: Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. […]
Oil steady supported by Iraq disruptions and drop in U.S. rigs Oil steady supported by Iraq disruptions and drop in U.S. rigs: Oil exports from southern Iraq have fallen by 110,000 barrels per day this month, according to shipping data and an industry source, adding to the drop in flows […]
Wall Street closes lower Treasury prices higher Wall Street closes lower Treasury prices higher: General Electric (GE.N) tumbled 6.3 percent after some research analysts lowered their price targets on the stock, citing higher chances of a dividend cut at the industrial conglomerate. U.S. Treasury prices rose slightly, tracking gains in […]
Asian shares hover near recent highs NZ dollar slips Asian shares hover near recent highs NZ dollar slips: The policies were seen as unfriendly to foreign investment and immigration, and could prove negative for the New Zealand dollar, given the country runs a current account deficit. The kiwi, the world’s […]
Billions in tax breaks offered to Amazon for second headquarters Billions in tax breaks offered to Amazon for second headquarters: Elected officials are eager for the $5 billion-plus investment by Amazon and up to 50,000 new jobs that will come with “HQ2.” For its second campus, Amazon wants a metropolitan […]
JPMorgan reaches beyond its branches with new mobile account app JPMorgan reaches beyond its branches with new mobile account app: The app, named Finn by Chase, allows people to use a phone to open a bank account, make deposits, issue checks, track spending and set up savings plans, bank officials […]
Big money stays away from booming bitcoin Big money stays away from booming bitcoin: Yet for all the hype, mainstream institutional investors are steering clear of the nascent market, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. […]
Target gears up for holidays with free shipping and gifts under $15 Target gears up for holidays with free shipping and gifts under $15: Target, which has promised about 1,700 holiday products including “Star Wars,” LEGO and Netflix merchandise and hundreds of $1 stocking stuffers, said it would offer promotional […]
Japan shares at two-decade top, yen near three-month low as Abe wins Japan shares at two-decade top, yen near three-month low as Abe wins: The U.S. dollar was the major beneficiary as President Donald Trump and Republicans took a small step toward tax cuts, boosting Wall Street stocks and lifting […]
Fidelity chairman deals with fallout from sexual harassment claims Fidelity chairman deals with fallout from sexual harassment claims: Johnson is addressing inappropriate workplace conduct such as sexual harassment by hiring a consulting firm to review employee behavior stretching back years, the Wall Street Journal reported on Sunday. “Fidelity’s policies specifically […]
